Historical Development of Government Accounting and Types of Accounting System

Things to remember

• The government accounting system largely depends upon the volume of financial transactions and rules and provisions of the government. 
• Wasil Banki Sresta Pranali was a simple statement based on single entry system, which was used to record revenues and expenditures of government offices. 
• In the process of historical development of government accounting system in Nepal, Syaha Sresta Pranali was introduced by Kharidar Gunwanta in 1936 B.S.
• Syaha was the primary record of financial transactions like journal voucher. It was used as the first step Syaha Sresta Pranali to record the incomes and expenditures of government offices.
• Awarje was familiar to the ledger.
• Dhapot was a final statement, which was used to report revenues and expenses in summary form to present the real position of the public fund on a given date.
• When the number of financial transactions of the government offices became voluminous, Syaha Sresta Pranali became unable to fulfill the requirement.