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FINANCIAL ADMINISTRATION OF ANCIENT ASHANTI EMPIRE
The Accounting Historians Journal
Vol. 12, No. 2 (Fall 1985), pp. 109-115
Published by: The Academy of Accounting Historians
Stable URL: http://www.jstor.org/stable/40697868
Page Count: 7
You can always find the topics here!Topics: Revenue, Taxes, Tribal chiefs, Financial accounting, Palaces, Crops, Food crops, Government bureaucracy, Current account, Petty cash
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Ashanti was an empire which flourished in the forest region of presentday Ghana in the 16th and 17th centuries. Ashanti was a monarchy with a bureaucracy financed through taxes. The system of tax collection was one of apportionment among the levels of the social strata that were required to bear the tax burden. Accounting controls over funds which finally reached the coffers of the monarch involved boxes. The operations and uses of Adaka Kesie (the Big Box) and Apim Adaka (the Box of Thousand) could be likened to a current account and a petty cash account respectively.
The Accounting Historians Journal © 1985 The Academy of Accounting Historians