The Arthashastra, written by Kautilya in the 4th century BCE, is the earliest known work on accounting and statecraft.

Dwipatra, meaning 'two leaves', was the term used in ancient India to refer to the concept of double-entry bookkeeping.

Brahmagupta, an Indian mathematician and astronomer, is credited with developing the concept of zero and its use in accounting in the 7th century CE.

Vyaja, meaning 'increase', was the term used in ancient India to refer to the concept of interest on loans.

The Arthashastra discusses the concept of depreciation and its application in accounting, emphasizing the importance of allocating the cost of an asset over its useful life.

Labha, meaning 'gain', was the term used in ancient India to refer to the concept of profit.

Aryabhata, an Indian mathematician and astronomer, is credited with developing the concept of the square root and its use in accounting in the 5th century CE.

Hani, meaning 'loss', was the term used in ancient India to refer to the concept of loss.

The Arthashastra discusses the concept of budgeting and its application in financial management, emphasizing the importance of planning and controlling financial resources.

Lekhapatra, meaning 'written document', was the term used in ancient India to refer to the concept of financial statements.

Bhaskara II, an Indian mathematician and astronomer, is credited with developing the concept of the cube root and its use in accounting in the 12th century CE.

Anupata, meaning 'proportion', was the term used in ancient India to refer to the concept of financial ratios.

The Arthashastra discusses the concept of internal control and its importance in financial management, emphasizing the need for proper systems and procedures to safeguard financial assets.

Khatara, meaning 'danger', was the term used in ancient India to refer to the concept of financial risk.

Varahamihira, an Indian mathematician and astronomer, is credited with developing the concept of the golden ratio and its use in accounting and finance in the 6th century CE.