Accounting in Vedas

Sufficient evidence exists to lead one to conclude that the art and practice of accounting, as a highly developed system, was in vogue in India even during thetimes of the Vedas, Sutras and the Upanishads…
The discussions in the Vedas about matters like the system of land tenure, currency, trade, various occupations as well as the general social and economic conditions in those times are
indicative of the existence of a highly developed system of record keeping.

“Sale appears to have regularly consisted in barter in Rig veda; 10 cows are regarded as a possible price for an image of Indra to be used as a fetish. The haggling of the market was already familiar in the days of the Rig veda, and a characteristic hymn of the Atharvaveda, is directed to procuring success in trade. Price was referred Accounting Existed In Vedic India to as a Vasna and the Merchant, Vanij.

“An arithmetical progression of some interest is found in the Panchavimsa Brahmana, where occurs a ‘list of sacrificial gifts’ in which each successive figure doubles the amount of the preceding one...
Vikraya is found in the Atharvaveda and the Nirukta denoting ‘sale’. Sulka in the Rig veda clearly means ‘price’. In the Dharma Sutras it denotes a ‘tax’.