Subject: Other
The following are the types of accounting system used in Nepal:
Wasil Banki Sresta Pranali was the simple statement that was used to record the government revenues and expenditures. This system was suitable for those offices, which were established for a short period and that had a small number of financial transactions. It was based on a single entry system of book-keeping. Under this system, books of account were closed at the end of the fiscal year or after the completion of the work.
The system on which expenditures and revenues were recorded on the same leaf along with their total and balances is called Syaha Sresta Pranali. It was introduced in the process of historical development of the accounting system. It was propounded by Kharidar Gunawanta in 1936 BS. This system was more systematic than Wasil Banki Sresta Pranali. Different types of books were used for maintaining the record the financial transactions of the government offices, which were as follows:
A system, used with different types of forms for recording the financial transactions are known as Form Sresta Pranali. It was introduced in the government offices in 1968 B.S. It was specially developed to record the land revenues of the Terai and city areas of Nepal. Altogether 51 different forms were used to record different transactions due to an increase in the number of financial transactions. The following were some of them:
The system which was used to record the government expenditures according to the budget heads is called Bhuktani Sresta Pranali. It was developed in 2017 B.S. for making a systematic record of government expenditures according to the budget heads. Bhuktani Sresta Pranali was more scientific system and based on the double entry system of book-keeping. Under this system, the government offices were classified into central level offices and operating level offices for making a systematic record of revenues and expenditures of public funds.
What is Wasil Banki Sresta Pranali?
Wasil Banki Sresta Pranali was the simple statement that was based on a single entry system of book-keeping under which, books of account were closed at the end of the fiscal year or after the completion of the work.
What is Syaha Sresta Pranali?
The system on which expenditures and revenues were recorded on the same leaf along with their total and balances is called Syaha Sresta Pranali.
Who propounded Syaha Sresta Pranali?
Kharidar Gunawanta propounded Syaha Sresta Pranali in 1936 BS.
What are awarje?
A books of accounts, which was used to classify the transactions under different heads of revenues and expenditures are called awarje.
What is Bhuktani Sresta Pranali?
The system which was used to record the government expenditures according to the budget heads is called Bhuktani Sresta Pranali.
What are Form Sresta Pranali?
A system, used with different types of forms for recording the financial transactions are known as FormSrestaPranali.
Write in short about Wasil Banki Sresta Pranali.
Wasil Banki Sresta Pranali was the simple statement that was used to record the government revenues and expenditures. This system was suitable for those offices, which were established for a short period and that had a small number of financial transactions. It was based on a single entry system of book-keeping. Under this system, books of account were closed at the end of the fiscal year or after the completion of the work.
Write in short about Syaha Sresta Pranali.
The system on which expenditures and revenues were recorded on the same leaf along with their total and balances is called Syaha Sresta Pranali. It was introduced in the process of historical development of the accounting system. It was propounded by Kharidar Gunawanta in 1936 BS. This system was more systematic than Wasil Banki Sresta Pranali. Different types of books were used for maintaining the record the financial transactions of the government offices, which were syaha, awarje and dhapot.
Write few sentences about Form Sresta Pranali.
A system, used with different types of forms for recording the financial transactions are known as Form Sresta Pranali. It was introduced in the government offices in 1968 B.S. It was specially developed to record the land revenues of the Terai and city areas of Nepal. Altogether 51 different forms were used to record different transactions due to an increase in the number of financial transactions.
Write about Bhuktani Sresta Pranali.
The system which was used to record the government expenditures according to the budget heads is called Bhuktani Sresta Pranali. It was developed in 2017 B.S. for making a systematic record of government expenditures according to the budget heads. Bhuktani Sresta Pranali was more scientific system and based on the double entry system of book-keeping. Under this system, the government offices were classified into central level offices and operating level offices for making a systematic record of revenues and expenditures of public funds.
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