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in Economic Ideas of Kautilya by (49.7k points)
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What method of accounting of income-expenditure was described by Kautilya?

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Kautilya was of the opinion that the treasurer should keep a complete* description of the state’s income-expenditure. The income-expenditure register should include the name of the month, party, and day, time and name of the author, and the name of the taker. Finally, complete details of savings or balance should be prepared. The accounts should be kept in such a way that the audit of last 60 years of income expenditure can be seen as required. He also suggested punishment for those who manipulated the accounts of income expenditure.

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