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Accounting & Marketing

ISSN: 2168-9601

Open Access

Role of Accountancy in the Country Economy

Abstract

Iqbal Shaukat*

Accounting is an art summarized the transaction between the two persons Book keeping and accounts which was adopted by money lender and gold smith during the Roman EmpireWith the passage of time need of accounting increased because it is very essentially the persons. During the expansion of population, the need of book keeping and accounting increased. When the business converted in to form of entities the need of accounting and booking keeping realized. After the academia method of education was adopted in eighteen centuries the accounts subject was included in the curriculum of academia and university education. In the nineteen century industrial revolution came various part of world in Asia and Europe. During the eighteen century various multinational was established. The accountancy and book keeping became the respectable profession. In this age when we are living in industrial age accounting system is more effective.

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