History of Accounting in Nepal | Accounting | Management Notes
The concept of Accounting was started in Nepal during the Lichchhavi Period. At that period, Revenues were collected from various sources as well as expenditures were also made on various activities.
|Revenues Collected From||Expenditures Made on|
During the Malla period, along with the above mentioned revenue sources, revenues were also collected from customs and trade.
During the Eighteen Century (18th Century) , for the purpose of recording Government revenue and expenditures, book called “Laldaddha” was brought into the use.
When was kumari chowk adda established
For preventing and minimizing the possible misuse of Government Funds , King Prithivi Narayan Shah established Kumari Chowk Adda (Which is similar like the office of Auditor General) in 16th of Baisakh, 1828 B.S.
In 1879 B.S. , book called “Mothdhadda” was brought into use for recording the transactions related to Kipat Byawastha (Land Management).
In 1936 B.S , a new accounting system was propounded by Kharidar Gunwanta.
In 21st Magh, 2008 B.S. , budget system was declared and started by the Government.
In 16th Asadh 2016 B.S. , King Mahendra Bir Bikram Shan appointed Auditor General as a Constitutional Body.
In 20th Magh 2017 B.S. , Government formed a Committee called “Account Committee” for the purpose of bringing uniformity in accounting system throughout the country. The account committee was composed of four members.
|Secretary of Ministry of Finance|
|Public Administration Advisor of US Aid|
|Account Specialist of the UNO|
The government followed accounting system based on the double entry system of book keeping on Baisakh 2017 B.S. which was called Payment Accounting System (Bukhtani Sresta Pranali) that was implemented only in 2019 B.S.