Excerpt from Accounting Theory and Practice, Vol. 3: A Comprehensive Statement of Accounting, Principles and Methods, Illustrated, by Modern Forms and Problems
That the accountancy profession can claim antiquity is made evident in the relics of the earliest civilizations. Research among the ruins of ancient Babylon has brought to light a large number of tablets, many of which are as old as 2500 B. 0, containing complete records of commercial transactions.'
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