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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
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).
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]
Generally Accepted Accounting Principles (GAAP) is the standard framework of guidelines for financial accounting used in any given jurisdiction. It includes the standards, conventions and rules that accountants follow in recording and summarizing and in the preparation of financial statements.
A petty cash book is a record of small-value purchases before they are later transferred to the ledger and final accounts; it is maintained by a petty or junior cashier. This type of cash book usually uses the imprest system: a certain amount of money is provided to the petty cashier by the senior cashier. This money is to cater for minor ...
In bookkeeping, an account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries.
Firms often maintain at least three sets of accounting books during the normal course of business. Firms in the United States usually maintain a GAAP-compliant set of financial books which are reported to investors and the United States Securities and Exchange Commission (US SEC) in the event the firm is publicly traded; an internal (non-GAAP) set of managerial books; and a set of fiscal (tax ...
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