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Delos Reyes, Gianna

12- Discipline

TIMELINE: HISTORY OF ACCOUNTING


ACCOUNTING - is the process of recording financial transactions pertaining to a business. The accounting process
includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection
entities.

THE EARLY ACCOUNTING RECORDS

-the early record-keeping of the

ancient Egyptians and Babylonians.

-records of animals, livestock, and crops. And

THE ANCIENT NEAR EAST

-clay tablets were used as a

THE EARLY RENAISSANCE writing medium

-the birth of monetary economy

THE DUTCH EAST INDIA COMPANY

-became the first company

INDUSTRIAL REVOLUTION In history to issue bonds

-started in late 1700s in Britain. And share of stocks

THE ADVENT OF THE COMPUTER

-shaking up and revolutionizing society to this

Very day.

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