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Provide a brief explanation(3-5 sentences) of the history of accounting about the present (20th Century)

Provide a brief explanation(3-5 sentences) of the history of accounting about the present (20th Century)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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History of Accounting The Cradle of Civilization (3600 B. C.) Clay tablets was used in keeping acounting records. Double-entry bookkeeping (14th Century) Double-entry bookkeeping was disseminated by Luca Pacioli (The Father of Accounting) French Revolution (1700) Development of accounting theory began during this period. The Industrial Revolution (1760-1830) Fixed assets and mass production were given importance. The Beginnings of Modern Accounting in Europe and America (19th Century) Modern Accounting in Europe and America began. The Present (20th Century) Development in the accounting profession was developed. Provide a brief explanation(3-5 sentences) of the history of accounting about the present (2oth Century)
Transcribed Image Text:History of Accounting The Cradle of Civilization (3600 B. C.) Clay tablets was used in keeping acounting records. Double-entry bookkeeping (14th Century) Double-entry bookkeeping was disseminated by Luca Pacioli (The Father of Accounting) French Revolution (1700) Development of accounting theory began during this period. The Industrial Revolution (1760-1830) Fixed assets and mass production were given importance. The Beginnings of Modern Accounting in Europe and America (19th Century) Modern Accounting in Europe and America began. The Present (20th Century) Development in the accounting profession was developed. Provide a brief explanation(3-5 sentences) of the history of accounting about the present (2oth Century)
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