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Types of Accounting System used in Nepal

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The following are the types of accounting system used in Nepal:

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.

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 as follows:

  1. Syaha
    Syaha was an original record of financial transactions like Journal Voucher It was used to record incomes and expenditures of the government offices. Syaha was prepared in a 'T' shape form. A syaha was closed either at the end of the each month or at the end of the fiscal year. Syaha were divided into following three categories:
    • Nagadi Syaha: Nagadi Syaha was used to record the cash transactions.
    • Jinsi Syaha: Jinsi Syaha was used to record the transactions relating to the properties.
    • Dharauti Syaha: Dharauti Syaha was used to record the amount deposited by the public for specific purposes.

  2. Awarje
    A books of accounts, which was used to classify the transactions under different heads of revenues and expenditures are called awarje. It was kept under the double entry system of book-keeping. In this book, all the transactions were classified under different heads of revenues and expenditures. It had the following categories:
    • Income awarje: It was prepared to record and classify the government revenues.
    • Vinjalik (Expenditure) Awarje: It was prepared to record and classify the government expenditures.

  3. Dhapot
    It was prepared to present the summary of the government fund position during a certain period. Its types are categorized as:
    • Job End Dhapot: It was prepared at the end of a job or after the completion of project work.
    • Month End Dhapot: It was prepared at the end of each month.
    • Year End Dhapot: It was prepared at the ned of each fiscal year.

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. The following were some of them:

  • Day book of cashier
  • Ten days report
  • Fifteen days report
  • Monthly cash statement
  • Remainder Journal
  • Monthly pay sheet
  • Outstanding revenue records form
  • Statement of the balance collected from the debtors, etc.

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.



  • A system, used with different types of forms for recording the financial transactions are known as Form Sresta Pranali. 
  • The system which was used to record the government expenditures according to the budget heads is called Bhuktani Sresta Pranali.
  • The system on which expenditures and revenues was recorded on the same leaf along with their total and balances is called Syaha Sresta Pranali. 
  • Wasil Banki Sresta Pranali was the simple statement that was used to record the government revenues and expenditures. 
.

Very Short Questions

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 syaha, awarje and dhapot.

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 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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  • Bhuktani Sresta Pranali was introduced in ______.

    2021 B.S


    2025 B.S


    2017 B.S


    2018 B.S


  • How many types of accounting systems have been used in Nepal?

    2


    3


    4


    5


  • How many types of books were used under Syaha Sresta Pranali?

    2


    3


    5


    4


  • ______ was used to record the cash transactions.

    Dharauti Syaha
    Awarje Syaha
    Nagadi Syaha
    Jinsi Syaha
  • ______ was used to record the transactions relating to the properties.

    Nagadi Syaha
    Jinsi Syaha
    Awarje Syaha
    Dharauti Syaha
  • A books of accounts, which was used to classify the transactions under different heads of revenues and expenditures were called ______.

    awarje
    pranali
    dhapot
    syaha
  • When was Syaha Sresta Pranali Propounded?

    1936 BS
    1992 BS
    1932 BS
    1945 BS
  • The system which was used to record the government expenditures according to the budget heads is called ______.

    Wasil Banki Sresta Pranali
    Form Sresta Pranali
    Syaha Sresta Pranali
    Bhuktani Sresta Pranali
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