The first part of this article is the translation of "A Revolution
in Accounting Thought" written by M.C Wells. In this part more
emphasis has been given to the word "paradigm" and Kuhn's view is been delineated. For the completion of the article in the second
part utilizing Ansoff's article more explanation has been given about the word paradigm. Of course the ambiguities which are
left for the translator have been mentioned.
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