Bilans w praktyce rachunkowości od średniowiecza do XIX wieku
The balance sheet in accounting practice The Middle Ages – XIX century

Summary/Abstract: Accounting grew out of the needs of economic life. During its historical develop-ment economic life determined forms of accounting and systematically changed and broadened its scope. The balance method is an invariable element of accounting and determines its timeless utility as information system. Main principles of the balance method, applied up to now, were established in XVI century. The balance sheet has be-come an illustration of double: material and financial interpretation of business capital. Through centuries the content and form of the balance sheet and valuation principles were adjusted to changing information needs of users. The article describes the evolution of the balance sheet function against a back-ground of the accounting system development from the Middle Ages to XIX century. The study is focused on the origin and development of the balance sheet in Italian towns between XII and XV century.

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