3. Accounting in Ancient times
Many of these factors did not exist in ancient
times, but, until the middle ages, they were not
found together in a strength and form necessary
to push man to the innovation of double entry
writing This made the job of ancient accountant
extraordinarily difficult. In societies where all were
illiterate, writing material costly, numeration
difficult and money system inconsistent, a
transaction has to be extremely important to
justify keeping an accounting record…
4. Which came first?-writing or numbers
Number of archeologist believe that writing
actually developed out of early marks that were
used to tally the kinds and amounts of goods in
stock
Dr Dreyer discovered that the numerous inscribed
bone labels attached to bags of oil and linen in
the tomb of king scorpion, Egypt-date back 5300
year.
5. One of the oldest profession
In the ancient Egypt, the accountant was called
the ‘eye and ear’ of the king
6. Accounting in MESOPOTAMIA
Mesopotamian equivalent of today’s
accountant was the scribe
He ensured that the agreements compiled
with detail code requirements for
commercial transactions.
7. Simple Token System
Simple token system did not require abstract
concepts of numbers, writing or money!
