Revealing the Accounting Existence Through Debt-Receivable Practice at Majapahit Kingdom Era (1350)

Objective – The Kingdom of Majapahit was a phenomenal civilization in the Indonesian history. Accounting was then practiced in the everyday life of the kingdom. The purpose of this study is to explore the accounting practices of debt-receivable accounts during the Majapahit Kingdom era of 1350 and to find the values behind their use. Methodology/Technique – This study is a historical qualitative study. Its primary source of data are inscriptions and legislation manuscripts taken from the Kutara Manawasastra of the Majapahit era. Historical analysis is used to analyze data with historiography so as to expose the results of the historical research. This will help to reveal the underlying values in debt-receivable practices in the era. Findings – The findings of this study reveal that the values of debt-receivable accounts being practiced in the Majapahit era comprise the social, economic and spiritual dimensions. The trust and spiritual values were practiced as a means to tie the mutual benefits between creditors and debtors. Novelty – The findings reveal the accounting existence of the historical past. Type of Paper: Review