This paper presents a century-long history of the debit-credit method of double-entry bookkeeping in China. Since introduced to China at the turn of this century, debit-credit bookkeeping has gone through many years of turbulence until 1992, when the Chinese government officially designated it as the standard bookkeeping method. Rather than taking a narrow technical perspective, this paper examines many historical events that shaped bookkeeping methods in China from a broad socioeconomic and political viewpoint. The story of debit-credit bookkeeping in China exemplifies how accounting is intertwined with the political and socioeconomic environment in which it exists.
"Rise and fall of debit-credit bookkeeping in China: History and analysis,"
Accounting Historians Journal: Vol. 25
, Article 7.
Available at: https://egrove.olemiss.edu/aah_journal/vol25/iss1/7