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Desi Nama (Hindi: देसी नामा, romanized: desi nama, lit. 'Indian bend' also: "Jama Nama" - from Persian Jam` Nama meaning "Summing Book") or Vahi Paddhati (Hindi: वहीपद्धति, romanized: vahi paddhati, lit. 'book method') is the traditional accounting system
It is relatively inexpensive compared to the other accounting options. One of the more common uses of personal accounting software is for tax preparation. This software is used to file tax returns in a format suitable with the Internal Revenue Service. An example of such software would be TurboTax. [4]
The taxpayer can adopt another method if the taxpayer files a tax return using that method for two consecutive years. This is different from changing a tax accounting method under the release of the IRS because, in the case of adopting another method, the IRS may assess fines and reallocate taxable income.
Indian Accounting Standard (abbreviated as Ind_AS) is the accounting standard adopted by companies in India and issued under the supervision of Accounting Standards Board (ASB) which was constituted as a body in the year 1977.
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
Mahajani is a Laṇḍā mercantile script that was historically used in northern India for writing accounts and financial records in Marwari, Hindi and Punjabi. [1] It is a Brahmic script and is written left-to-right. Mahajani refers to the Hindi word for 'bankers', also known as 'sarrafi' or 'kothival' (merchant).
However, a section on "halving", was treated differently, i.e., with a hybrid of decimal and sexagesimal numeral. The similarity between decimal Hindu algorithm with Chinese algorithm in Sunzi Suanjing are striking, [4] except the operation halving, as there was no hybrid decimal/sexagesimal calculation in China.
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