This regulation aimed to:
That the accounting books had probative value of the operations carried out by merchants.
Have a certain control of commercial operations subject to some type of taxation in order to avoid fraud.
The appearance of this regulation therefore gave accounting a new function: to have probative value before public institutions and to allow the public treasury to exercise tax control.
Although the needs japan business email list of each moment have changed, the functions of accounting have continued to be to provide information to the entrepreneur about the status of his business and to have probative value before public and tax administrations to comply with tax obligations.
In the 19th century, the study of accounting principles began. The aim was to achieve a unified practice and solve problems related to pricing, amortization, reserves, funds, etc.
How technology influences the history of accounting
As we have seen, the functions of accounting are to provide information on the economic-financial status of the business and to act as probative value before public administrations.
