Definition, objectives, benefits and methods you need to know systems At the beginning of the history of accounting, it was not yet given that name but was called the Double-Double Bookkeeping System. The beginning of this system was first discovered in Western Europe. Because that's where the inventor first spread it as a lesson to business people. However, some time later, the double-entry bookkeeping system began to be known in many other large countries. Even countries like the United States also use it, albeit with a different name. In America the bookkeeping system is called the Anglo Saxon system . Development of Double-Double Bookkeeping Systems The history of accounting continues to the land of windmills, the Netherlands also adopted the science of double-entry bookkeeping. This country calls it the Continental System of Bookkeeping.

Of course the simple question is, why do the same bookkeeping systems have different names? In fact, the double-entry bookkeeping system that has spread in western Europe has experienced very significant development. Especially in the Middle Ages, at that time there was a shift in trade Panama mobile number list progress from Venice, Italy to western Europe. England even became a trade center during the industrial revolution. Due to the exodus of traders who were used to keeping bookkeeping records, bookkeeping began to develop. The accounting system circulating in England at that time was the double-entry bookkeeping system, the English name of which has been explained above. Because of this development, new versions appeared with different names. These versions actually began to be known as continental in the Netherlands and Anglo Saxon in America.



This happened around the th century. The Emergence of Accounting Theory (Accounting) The subsequent history of accounting continued in the th century, the United States patented the Anglo Saxon theory into a more comprehensive theory called accounting theory and this is considered the forerunner to the birth of modern accounting theory. This theory began to develop rapidly in the early th century, at which time the United States was familiar with computers, which made accounting applications easier. Not only that, the addition of theory in the bookkeeping is also increasingly strengthened. Therefore, currently, accounting theory can be found as a complex and seemingly final financial management discipline.