Origin And Development :

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Accounting is an old term, some of the Calculations of accounting taken from "Arthasastra"written by chanikya Accounting systems in modern methods are introduced by LUCOPACIOLO in 1494 from Arthasastra It's origin to an Italion Longuage at venees nagar (Italy) Hence he is the Father of Accounting. It was converted into English Language by'HUGE OLD CASTLE' in 1543. In the modern methods the double Entry System was Introduced and given Debit and Credit principles by the LUCOPACIOLO.

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