The Accounting Principles Board (APB) was the authoritative body that preceded the Financial Accounting Standards Board (FASB) in the USA. Established in 1959 by the American Institute of Certified Public Accountants (AICPA), it issued 31 Opinions that significantly contributed to the theory and practice of accounting and continue to influence Generally Accepted Accounting Principles (GAAP).
Charge and discharge accounting is a historical method used during the Middle Ages, especially within the manorial system. This method involves individuals keeping a record of sums or estates they receive and balancing it with sums paid out, effectively accounting for both inflows and outflows.
