2. Systematic records of business transaction were
maintained in every times by Babylonians, Egyptians,
Indian and Romans.
Fra Luca Pacioli (Father of Book keeping) published
his classical book on book keeping “Everything about
Arithmetic, Geometry and proportion” in the year
1494, so this year considered to be land mark in the
history of Book keeping.
3. This book contained principles of book keeping.
He was an Italian and therefore Double Entry book
keeping is called Italian method.
In India the formal teaching of book keeping was
started in 1886 in the first commerce school
established in Madras, by the Trustees of Pachyappa
Charities.
4. In 1895 GOI made provision for teaching of book
keeping in the school of Commerce at Calcutta.
1903 the Presidency College Culcutta strated Book
keeping classes.
In the first decade of the 20th centruary, teaching of
book keeping and accounting was started in several
commercial institution.
5. First College of Commerce in India was established in
the year 1913 in Mumbai ‘Sydenham College of
Commerce and Economics’.(This college was the first
college of Commerce in Asea).
Then the degree (B.Com) was first given by this
college in 1914, M.Com in 1925.
6. The commerce graduate of the college were
recognised a Professional A/c.
In 1926 Commercial college got affliated to University
of Delhi.
The Indian Institute of Banking established in 1926
had Book keeping and Accounting as on the subject.
7. In 1928, the Hartog committee recomented
diversified courses at the secondary stage and
included Book keeping and Accounting as a subject in
the curriculum.
In 1935 the Central Advisory Board of Education
(CABE) recommended the inclusion of Book keeping
and Accounting at the secondary level.
8. In 1936 a committee on Vocational Education
recommends that teaching for Book keeping should
included along with other vocational subjects.
The Sergent committee (1943-1944) appointed by the
GOI, recommended the establishment of academic
high school and technical high schools.
9. In 1944, The Institute of Cost and Works
Accountants(ICWA)of India was started.
In 1945 the Delhi Polytechnic introduced Commerce
Education which included Book keeping and
Accounting.
1948University Education Commission was set up and
established UGC.
10. In 1949 the Institute of Chartered Accountants was
established in New Delhi, through an act of
Parliament.
In 1952 UGC was established as an administration
Institution to standardised colleges and universities
education as funding agency.
11. In 1952 Secondary Education commission recommends to
include commerce as one of the streams at secondary
school level.
The commerce stream included the following subject;
➢Commercial practice.
➢Book keeping.
➢Commercial Geography or elements of Economics and Civics
➢Short hand and Typewriting.
12. In 1957 the CABE recommended that the Teaching training
colleges should provide for teaching of Book keeping and
Accounting.
In 1961 the CABE recommends for the setting up of four
Regional Training Colleges for preparing teaching and
promotion of subjects.
In 1961 VKRV Rao committee recommended that
commerce should be taught from class eleven rather than
nine and it should consist of element of Book keeping and
Commercial Geography.
13. In 1964 teaching of commerce was introduced in the
regional college of education.
