Barter System
So let's go 17,000 years ago When there was no sign of Money This was the time when humans lived in small tribes And they all had only one goal Hunt and Survive But prey is something that not be found easily every day But hunger strikes every day It was the hunger that forced one tribe to take and give something from another tribe If you give us fresh meat, we will give you our weapons both have benefit from this transaction Because if you take something forcibly You will get it once But not the second time And so the Barter System was born Giving or taking things.
The barter system is said to have originated somewhere in Mesopotamian Tribes. Mesopotamia is the name of a region in Southwest Asia where Iraq is today this is where the Mesopotamian tribes used to live. The barter system changed us. People who used to fight each other now started to live together, and everyone started trading with each other.
Origin of Accounting
And thousands of years later when the population of people increased and apart from hunting, they started farming now Due to this the shortcomings of the barter system started to come to light. It was hard to remember when trading with so many people from whom to take what and whom to give to remember this, we started writing on small pieces of clay which started accounting. We started accounting for things but the problems of the barter system were not going away the biggest problem was that both parties had to agree to trade You want what I have But I don't want what you have Because of this, the trade could not be done.
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