A tally stick is a historical accounting tool used primarily in England and other parts of Europe during the medieval period. Typically made from wood, a tally stick is a stick with notches carved into it to represent numbers or amounts. The most common use of tally sticks was for recording debts or financial transactions. The process of using a tally stick involved cutting the stick to a specific length and making notches on it to indicate amounts owed or other data.
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