Short History of Accountants and Accountancy

Harold Woolf Arthur

Description

Whilst the greatest effort has been made to ensure the quality of this text, due to the historical nature of this content, in some rare cases there may be minor issues with legibility. These inconveniences led to the adoption of what economists call a unit of value, that is, some article in which the worth of all other articles can be measured. Some particular commodity is selected which all will be willing to receive in exchange for their own goods, because thev know that they will be able later on to exchange it with someone else for another article. Any commodity which becomes an object of general desire, and which all are willing to accept as the medium of exchange, is rudimentary money. Any article may be selected as the unit of value, or common denominator, which acts as a medium of'exchange and forms the standard, or criterion, by which other commodities are valued. It is well known that at different stages of civilisation various articles have been adopted as the unit of value. Thus, in the hunting stage, skins are the usual form of currency. There is no doubt a refer ence to this in the Book of Job (ii, where we read.

Sujets

• Accounting
• Economie gestion
• Accountancy

Informations

• Publié par: Forgotten Books
• Date de parution: 27 novembre 2019
• Nombre de lectures: 0
• EAN13: 9780243649334
• Langue: English
• Poids de l'ouvrage: 16 Mo

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