Question

Before evolution of money how would have people maintained their accounts????

Answer 1

I think the answer is little logical

Answer 2

Answer:

In Barter system, one receives commodity in place of cash.

So there is no such concept of revenue and expenses like modern day accounting.

Since money was not a part of Barter system, all reciepts were recorded in the form of goods exchanged.

The value of a good or service was expressed in terms of another commodity.

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