Explain the following terms: Upartapke Rakam - Vidyadip

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Explain the following terms: Upartapke Rakam

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Answer

If any relative or a known person has taken an amount of money for a short period of a day or even for a shorter time, then its entry is made in the Kachi Nondh and not in Rojmel. Such an amount lent is called Upartapke Rakam. Due to this the closing cash balance will be reduced to that extent. Amount of ‘Upartapke’ is shown In the closing balance separately. If such an amount Is not received within a day or two, then it is recorded as an Ublek Rakam in Rojmel. The amount of Upartapke is also known as ‘Haath Uchhini’ amount. Now the tradition of upartapke is not in practice.

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