1. History and Basics of Accounting
This essay intends to familiarize the reader with a brief history of bookkeeping, explain the differences between bookkeeping and accounting, and detail the accounting process. ... *In fact, the ACAUS recognizes earliest forms of writing as being developed explicitly for the purposes of accounting; this is evident in a set of five thousand year old stone tablets discovered in Egypt which were used for recording taxes. ... The third step is to post these transactions to ledger accounts, which categorizes each transaction by account name. ... Creating an adjusted trial balance is the sixth st...
- Word Count: 1291
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate