25 November 2010
They have not been notified by any act. So it is very difficult to answer this question. Maybe it may back from when debit & credit system of accounting were created.
25 November 2010
By the end of the 15th century, the merchant venturers of Venice used this system widely. Luca Pacioli, a monk and collaborator of Leonardo da Vinci, first codified the system in a mathematics textbook of 1494. Pacioli is often called the "father of accounting" because he was the first to publish a detailed description of the double-entry system, thus enabling others to study and use it
25 November 2010
golden rules of accounting what comes in Dr... what goes out Cr... Debit is the receiver Credit is the giver all gains and income are credit all lossess and expenses are Debit