1. INTODUCTION
PURPOSE OF STUDYING
ACCOUNTING?
WHY IT WAS DEVELOPED?

2. Why double entry bookkeeping
developed?
 Key Ingredients
 Private property
 Capital
 Commerce
 Credit
 Writing
 Money

3. Accounting in Ancient times
 Many of these factors did not exist in ancient
times, but, until the middle ages, they were not
found together in a strength and form necessary
to push man to the innovation of double entry
writing This made the job of ancient accountant
extraordinarily difficult. In societies where all were
illiterate, writing material costly, numeration
difficult and money system inconsistent, a
transaction has to be extremely important to
justify keeping an accounting record…

4. Which came first?-writing or numbers
 Number of archeologist believe that writing
actually developed out of early marks that were
used to tally the kinds and amounts of goods in
stock
 Dr Dreyer discovered that the numerous inscribed
bone labels attached to bags of oil and linen in
the tomb of king scorpion, Egypt-date back 5300
year.

5. One of the oldest profession
 In the ancient Egypt, the accountant was called
the ‘eye and ear’ of the king

6. Accounting in MESOPOTAMIA
Mesopotamian equivalent of today’s
accountant was the scribe
He ensured that the agreements compiled
with detail code requirements for
commercial transactions.

7. Simple Token System
 Simple token system did not require abstract
concepts of numbers, writing or money!

8. Accounting Predate Writing
writing tablet and Economic tablet with numeric signs (
Roman, Mesopotamian, Susa 3200 BC)

9. Sealing Tablets
 This tablet is a receipt for beer, sealed by a clerk