The development of accounting has gone through which stages

The development of accounting has gone through three stages which are the first stage Ancient Accounting, the second stage Modern Accounting and the third stage Modern Accounting.

Ancient Accounting

In China as well as in Greece have left the corresponding records of accounting activities, accounting is basically just a few simple numerical records, the complexity of the bookkeeping has not yet appeared, the accounting is just a prototype, and there is no detailed development.

Two, modern accounting stage

In 1494, the mathematician Pacioli meticulously elaborated the basic principles of double-entry bookkeeping, which can also be used as our country in the basic principles of double-entry bookkeeping. This is the first milestone in the history of accounting development. After the industrialization revolution, accounting theory and methods have been very clear development, but also really completed from bookkeeping to accounting a transformation.

Third, modern accounting stage

This stage of the development of accounting, accounting theory as well as accounting practice have been amazing development, but also marks the development of accounting formally entered a very mature period. In addition, management accounting has also been separated from the traditional single accounting, which has also become the third milestone in the history of accounting development.

Each of the three stages in the development of accounting has its own importance, and they all represent different advances in the history of accounting development.