Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Business
Is Emergence Sufficient To Explain The Origins Of Double Entry?, Jing Wang, L Zhao, Keith Hooper
Is Emergence Sufficient To Explain The Origins Of Double Entry?, Jing Wang, L Zhao, Keith Hooper
Faculty of Business - Papers (Archive)
Double entry accounting emerged in Italy around 1300 and a popular argument as to its emergence is that it was the product of the crusades, which accelerated the wealth and trading advantages of Italian cities (Littleton, 1927). Furthermore, the claim for the invention of double entry in Italy is supported by Littleton (1927). The essence of Littleton’s case is that the Italian cities met seven preconditions necessary for emergence: the art of writing, arithmetic, private property, money, credit, commerce and capital (pp. 140-141).
The Silk Road And The Origins Of Double Entry, Jing Wang
The Silk Road And The Origins Of Double Entry, Jing Wang
Faculty of Business - Papers (Archive)
The paper considers the previous role of the Silk Road in developing the world economy during a period when China according to Marc Polo, China was the greatest trading nation in the world (Latham, 1958). The paper argues that double entry evolved through time rather than through purposeful search. That is the invention was not by chance or even design but developed gradually from necessity. Yamey (1947) argues that change likely takes the form of variations on existing practice and newly evolved techniques resemble the ones previously used. That is a gradual evolutionary process of development. The paper adopts an …