RESEARCH
Chapter 22: Front Matter · Commerce · EN medium
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RESEARCH Institute of Chartered Accountants Of India . Introduction Commerce has been in practice since time immemorial. It is part and parcel of human life, whether it is a king or a common man. It emerged as an economic activity, mainly as barter system which means exchange of goods for goods. It was so comfortable for neighbouring villages, states, even countries to practice barter in the absence of a medium of exchange in the form of money today. However, the concept of money occupied its predominance when scarce resources were to be either exchanged between parties
📖 Namma Kalvi 11th Commerce Textbook English Medium · Page 12
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RESEARCH Institute of Chartered Accountants Of India . Introduction Commerce has been in practice since time immemorial. It is part and parcel of human life, whether it is a king or a common man. It emerged as an economic activity, mainly as barter system which means exchange of goods for goods.
It was so comfortable for neighbouring villages, states, even countries to practice barter in the absence of a medium of exchange in the form of money today. However, the concept of money occupied its predominance when scarce resources were to be either exchanged between parties
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