Accounting is thousands of years old; the earliest accounting records, which date back more than 7,000 years, were found in Mesopotamia (assyrians) accounting evolved, improving over the years and advancing as business advanced. There is no exact proof for origin of the word "Accounting" But there are some value able references, which describes about the etymology of the word Accounting.
Accounting is thousands of years old; the earliest accounting records, which date back more than 7,000 years, were found in Mesopotamia (assyrians) accounting evolved, improving over the years and advancing as business advanced. There is no exact proof for origin of the word "Accounting" But there are some value able references, which describes about the etymology of the word Accounting.
Accounting is thousands of years old; the earliest accounting records, which date back more than 7,000 years, were found in Mesopotamia (assyrians) accounting evolved, improving over the years and advancing as business advanced. There is no exact proof for origin of the word "Accounting" But there are some value able references, which describes about the etymology of the word Accounting.
HAILEY COLLEGE OF BANKING AND FINANCE, UNIVERSITY OF PUNJAB
Prepared By: Muhammad Usman Saeed
Roll Number: M11MBA (074) Class: MBA (Banking & Finance) 1 st Semester Subject: Financial Accounting
Etymology of the word Accounting or Accountancy Word Accounting is originated from where? Accounting is thousands of years old; the earliest accounting records, which date back more than 7,000 years, were found in Mesopotamia (Assyrians). The people of that time relied on primitive accounting methods to record the growth of crops and herds. Accounting evolved, improving over the years and advancing as business advanced. Now the question is that from where the word Accounting is originated?
As the history of Accounting is very much old so there is no exact proof for origin of the word accounting. But there are some value able references, which describes about the etymology of the word Accounting.
There are different etymologies and history of origin of the word of Accounting. The word, accounting and accountant both words had been taken from Middle English, French, Latin & Proto-Indo-European languages.
Mostly references narrates that the English word Accounting comes from the Middle English i word To Count which is used in Mathematics. Also it is described that accounting is derived from Middle English word Account which means an oral or written description of particular events or situations e.g. an account of the meetings; an account of the trip. Some references also point out that Accounting is derived from Middle English word Accounten ii .
Also some references narrate that the word Accounting comes from French language. The word Accounting comes from Anglo-French or Old French iii word Acounte iv or it is derived from the word Acompte which means a payment of part of a debt; usually paid at regular intervals. A reference points out that Accounting comes from French word Acont. Acont comes from the French word aconter or conter which means narrate or give a detailed account of or liable to give an account.
There are also some references which describes that the word Accounting comes from Latin language. The word Accounting comes from Latin Word Computare which means compute and calculate. Or it is derived from Latin word Putare which means think or suppose.
Accountancy is derived from "Accountant": As per Wikipedia.org Accounting or Accountancy is derived from the word Accountant. There is written that the English word accountant comes from the word accomptant. Accomptant comes from the French word compter. The French word compter comes from the Latin word computare. Even though the letter 'p' is in both of these words, a person cannot hear it when speaking aloud. The English spelling for the word accountant comes from the sound of the word accomptant. Because the 'p' is silent, both of these words sound similar. The word accountancy comes from the word accountant v .
Now a Days Accounting is written and spoken in French as Comptabilite, in Latin as Ipsum or Donec, and in Arabic as Al Muhasba
HAILEY COLLEGE OF BANKING AND FINANCE, UNIVERSITY OF PUNJAB Prepared By: Muhammad Usman Saeed Roll Number: M11MBA (074) Class: MBA (Banking & Finance) 1 st Semester Subject: Financial Accounting
End Notes & References: i Middle English Era:12 th Century to 14 th Century (12001400) ii The word Accounten is no more exist in English Vocabulary now. iii Anglo or Old French Era: round about mid of 9 th to 11 th Century. iv The word Acounte and Acont is no more exist in French vocabulary. v Pixley, Francis William: Accountancy - constructive and recording accountancy (Sir Isaac Pitman & Sons, Ltd, London, 1900), page 4. (simple.wikipedia.org/wiki/Accountancy)