Question

What are the different phases of development of accounting theory?​

Answer 1

Answer:

Based on the data received from the history of evolution and the features of gradual development, history of Accounting can chronologically be classified into 4 stages; emergent stage, preanalytic stage, development i.e. analytic stage, modem age.

Answer 2

Based on the data received from the history of evolution and the features of gradual development , history of Accounting can chronologically be classified into 4 stages ;

(1) Emergent stage

(2) Preanalytic stage

(3) Development

(4) Analytic stage

(5) Modem stage