THE HISTORY OF ACCOUNTING

Abstract

The history of accounting is almost six thousand years old and dates back to the 4th century BC. The emergence of accounting is associated with human economic activities. During the first millennia, unigraphic accounting (simple accounting) developed, which reproduced the facts of economic life in those units of measurement in which they arose. Simple bookkeeping has evolved in five stages: • inventory accounting; • current account; • money being the object of accounting; • money as an accounting object has been merged taking into account settlements; • money and current account have absorbed inventory accounting.