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	<title>TaxGuru &#187; max mueller</title>
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		<title>History of Accounting and Accounting Standards</title>
		<link>http://taxguru.in/finance/history-of-accounting-and-accounting-standards.html</link>
		<comments>http://taxguru.in/finance/history-of-accounting-and-accounting-standards.html#comments</comments>
		<pubDate>Fri, 30 Dec 2011 20:31:16 +0000</pubDate>
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				<category><![CDATA[Finance]]></category>
		<category><![CDATA[arthashastra]]></category>
		<category><![CDATA[babylonian empire]]></category>
		<category><![CDATA[code of hammurabi]]></category>
		<category><![CDATA[commercial transactions]]></category>
		<category><![CDATA[history of accounting]]></category>
		<category><![CDATA[instructive materials]]></category>
		<category><![CDATA[kautilya]]></category>
		<category><![CDATA[max mueller]]></category>
		<category><![CDATA[mesopotamian valley]]></category>
		<category><![CDATA[price quotation]]></category>
		<category><![CDATA[primitive science]]></category>
		<category><![CDATA[rigveda]]></category>
		<category><![CDATA[scribe]]></category>
		<category><![CDATA[sulka]]></category>
		<category><![CDATA[sumeria]]></category>
		<category><![CDATA[theocracy]]></category>
		<category><![CDATA[vedic times]]></category>

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		<description><![CDATA[Sufficient evidence exists to conclude that art and practice of accounting existed even in Vedic times. There are references to kraya (sale), Vanij (merchant), sulka (price) in Rigveda. Kautilya’s Arthashastra contains details on business of keeping up accounts in the office of accountants .It provides details of matters which should be recorded, registers to be maintained, system of examination of accounts and even details of punishments for default.]]></description>
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