What is the origin of accounting?

From ancient times to agricultural society, with the enhancement of production capacity and the improvement of economic management requirements, there must be a clear record and accounting for complex social and economic activities, which is the origin of accounting. Four ancient civilizations, including China, have ancient origins and long-term development in accounting.

/kloc-in the 5th century, with the emergence of capitalism, a milestone appeared in the history of accounting development, that is, the double-entry bookkeeping method that has been used to this day. This greatly improves the accuracy of accounting records, provides a clear record for the flow and consumption of production factors and products, and lays a solid foundation for management, supervision and analysis. Conversely, the double-entry bookkeeping method has also promoted the development of capitalism and commodity economy.

During the period of industrial revolution, accounting theory and methods have developed obviously.