The origin and growth of accounting can be summarised as follows:
• Accounting is said to be very old, as old as money.
• The present accounting is the result of constant innovations to the requirements of business activities.
• Accounting has developed to meet the emerging needs and requirements of fast developing society.
• “Arthashastra” the book written by Kautilya is the base or foundation for accounting.
• The present system of accounting based on the double entry system founded by pacilio in 1494 at Italy.
• Futher various publications were made and an important publications was that of edward jones in 1975 who invovated the concept of ‘Two Column journal’.
