Abstract
Every business operation and most wealthy individuals have found it necessary to record in some way a measure of their wealth. In earlier times the wealth would have been measured in a convenient unit such as ‘heads of cattle’ or ‘area of land’. Eventually the means of measurement became currency. With the need to record wealth and the establishment of a standard unit of measurement a system of accounting became necessary.
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© 1977 A. A. Callam and M. J. Ryder
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Callam, A.A., Ryder, M.J. (1977). The Role of Accountancy in Business. In: A Foundation in Business Accounting. Palgrave, London. https://doi.org/10.1007/978-1-349-02640-1_1
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DOI: https://doi.org/10.1007/978-1-349-02640-1_1
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-18452-3
Online ISBN: 978-1-349-02640-1
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