Emerging Evidence of Early Indian Accounting |
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Authors: | MICHAEL E SCORGIE SOMENDRA CHANDRA NANDY |
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Institution: | Michael;Scorgie is a Senior Lecturer in Accountancy at La Trobe University Dr Somendra;Chandra Nandy is a historian based in Calcutta. |
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Abstract: | The paper examines the extant late-eighteenth-century accounting record books of Kantababu, a Bengali property owner and silk trader. These annual records, in part destroyed by white ants and other insects, do not make up a complete set for more than any two Bengali solar years. Yet from the available evidence it is possible to make a case that some elements of the accounting systems used by Kantababu and his clerks have similarities to medieval and later European methods and to eleventh-century methods used by Cairo merchants as evidenced by documents stored in the Genizah of the Old Cairo synagogue. |
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Keywords: | Accounting records Bookkeeping History |
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