Peng, Lan et M. Brown, Alistair, The Chinese accounting reformation of the 1930s Lan Peng ORCID Icon &Alistair M. Brown, Accounting history review (Print) , 27(2), 2017, pp. 177-199
This study examines the Chinese accounting reformation of the 1930s. The reformist work of Xu, the 1929 Company Law and the rapid expansion of Chinese commercial activity allowed a melding of the Westernised debit-credit model with the Chinese traditional accounting model. The fusion was complex, partly because two competing groups . reformationists and transformationists . had a different sense of scientific accounting development. What transpired, however, was a clinging by small to medium-sized entities to the Chinese traditional indigenous bookkeeping system, a preparedness by other small to medium-sized entities to take on Xu.s reformed Chinese-style method, and a willingness by large entities to engage with Western forms of accounting.