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Desi Namu
Desi Nama ( hi, देसी नामा , translit=desi nama, lit=Indian bend also: "Jama Nama") or ''Vahi Padhati'' ( hi, वाहीपद्धति, translit=vahi padhati, lit=book method) is the traditional accounting system developed and used in the Indian subcontinent. Early forms of this system were reportedly used in India before the double entry book keeping system was developed in Europe (13th century). History Early mentions/colonial times Various books have been written on desi namu from the late 1800s to the 1900s in regional languages. Adoption of western calendar In earlier times desi namu was recorded according Vikram Samvat calendar but now it is recorded according to the financial year. Accounting technique Debiting and crediting The sides are reversed images of those used in double entry system. The left-hand side is known as ‘Jama' (Credit) and theright-hand side is known as 'Udhar' (Debit). The first fold (sals) on each side is used for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accounting
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Double-entry Bookkeeping System
Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. Every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides known as debit and credit. A transaction in double-entry bookkeeping always affects at least two accounts, always includes at least one debit and one credit, and always has total debits and total credits that are equal. The purpose of double-entry bookkeeping is to allow the detection of financial errors and fraud. For example, if a business takes out a bank loan for $10,000, recording the transaction would require a debit of $10,000 to an asset account called "Cash", as well as a credit of $10,000 to a liability account called "Notes Payable". The basic entry to record this transaction in a general ledger will look like this: Double-entry bookkeeping is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shri
Shri (; , ) is a Sanskrit term denoting resplendence, wealth and prosperity, primarily used as an honorific. The word is widely used in South and Southeast Asian languages such as Marathi, Malay (including Indonesian and Malaysian), Javanese, Balinese, Sinhala, Thai, Tamil, Telugu, Hindi, Nepali, Malayalam, Kannada, Sanskrit, Pali, Khmer, and also among Philippine languages. It is usually transliterated as ''Sri'', ''Sree'', ''Shri'', Shiri, Shree, ''Si'', or ''Seri'' based on the local convention for transliteration. The term is used in Indian subcontinent and Southeast Asia as a polite form of address equivalent to the English "Mr." in written and spoken language, but also as a title of veneration for deities or as honorific title for local rulers. Shri is also another name for Lakshmi, the Hindu goddess of wealth, while a ''yantra'' or a mystical diagram popularly used to worship her is called Shri Yantra. Etymology Monier-Williams Dictionary gives the meaning of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vikram Samvat
Vikram Samvat (IAST: ''Vikrama Samvat''; abbreviated VS) or Bikram Sambat B.S. and also known as the Vikrami calendar, is a Hindu calendar historically used in the Indian subcontinent. Vikram Samvat is generally 57 years ahead of Gregorian Calendar, except during January to April, when it is ahead by 56 years. Alongside Nepal Sambat, it is one of the two official calendars used in Nepal. In India, it is used in several states. The traditional Vikram Samvat calendar, as used in India, uses lunar months and solar sidereal years. The Nepali Bikram Sambat introduced in 1901 CE, also uses a solar sidereal year. History A number of ancient and medieval inscriptions used the Vikram Samvat. Although it was reportedly named after the legendary king Vikramaditya, the term "Vikrama Samvat" does not appear in the historical record before the 9th century; the same calendar system is found with other names, such as Krita and Malava. In colonial scholarship, the era was believed to be bas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Audit Trail
An audit trail (also called audit log) is a security-relevant chronological record, set of records, and/or destination and source of records that provide documentary evidence of the sequence of activities that have affected at any time a specific operation, procedure, event, or device. Audit records typically result from activities such as financial transactions, scientific research and health care data transactions, or communications by individual people, systems, accounts, or other entities. The process that creates an audit trail is typically required to always run in a privileged mode, so it can access and supervise all actions from all users; a normal user should not be allowed to stop/change it. Furthermore, for the same reason, the trail file or database table with a trail should not be accessible to normal users. Another way of handling this issue is through the use of a role-based security model in the software. The software can operate with the closed-looped controls, o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Accounting
The history of accounting or accountancy can be traced to ancient civilizations.Keith, Robson. 1992. “Accounting Numbers as ‘inscription’: Action at a Distance and the Development of Accounting.” ''Accounting, Organizations and Society'' 17 (7): 685–708. The early development of accounting dates to ancient Mesopotamia, and is closely related to developments in writing, counting and money and early auditing systems by the ancient Egyptians and Babylonians. By the time of the Roman Empire, the government had access to detailed financial information. In India, Chanakya wrote a manuscript similar to a financial management book, during the period of the Mauryan Empire. His book '' Arthashastra'' contains few detailed aspects of maintaining books of accounts for a sovereign state. The Italian Luca Pacioli, recognized as ''The Father of accounting and bookkeeping'' was the first person to publish a work on double-entry bookkeeping, and introduced the field in Italy. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
