Abstract
Subject. This paper examines the history of accounting in China, describes the main characteristics of its development in different periods of time and the prospects for its further development. Objectives. The paper aims to consider the history of the development of accounting in China. Methods. For the study, I used analysis, synthesis, and other general scientific methods. Conclusions. Accounting in China has undergone an evolutionary path of development from simple to complex, from ancient to modern, from single-entry bookkeeping to double-entry bookkeeping under the influence of various factors: economic, political, legal, social, cultural, and technological. According to the characteristics of development, the history of accounting can be divided into three main stages: accounting in Ancient China, accounting in the new period, and accounting in modern times. In different eras, accounting had different time characteristics. Accounting must get adapted to the needs of modern society and get improved along with its socioeconomic development.
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