The Accounting Review Vol. 29 No. 3 1954
HISTORICAL DATES IN ACCOUNTING.
Abstract
The article presents a chronological list of dates which appear to be significant in the development of accounting. In 2000 B.C., the first record of internal control was used when an Egyptian treasurer's activities in collecting grain were checked by a scribe. In 200 B.C. , accounting for the Roman Republic was an enlargement of the system used by the family head. Daily receipts and disbursements were entered in a day book, and posted monthly to a register, which was, in effect, a ledger. In the same year, the Greeks kept cash receipts and disbursements" records showing rent and interest as income; sacrifices, wages, and entertainment were recorded as expenditures. Use of drafts, letters of credit and day books was prevalent. In 500 A.D. the papal treasury at Rome was supervised by a treasurer under whom a paymaster functioned. A decentralized system of accounting for revenues existed. Upon receipt of collections from various church members, representatives sent it to the papal treasury at Rome.
- DOI
- 10.2308/tar-7110620
- Volume
- 29
- Issue
- 3
- Pages
- 486-493
- Language
- en
- Sources
- openalex crossref