November 2022

7. The Gupta empire

Chandra Gupta IThe first Chandra Gupta of the new line, though the third member of his dynasty to be mentioned in inscriptions. Like the great Bimbisara he strengthened his position by a matrimonial alliance with the powerful family of Lichchhavis then controlling portions of Bihar and perhaps even Nepal. The Lichchhavi princess Kumaradevi must have

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5. The Maurya Empire

Chandragupta MauryaIn 326 B.C. India was faced with a crisis. The imperial crown of Magadha and the neighbouring provinces was worn by a king who was “detested and help cheap” by his own people.The new Indian leader was a young man who bore the name of Chandragupta. The family to which the young leader belonged

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4. The Magadhas

The great janapadasIn an early Buddhist text we have a list of sixteen great nations that occupied the territory from the Kabul valley to the banks of the Godavari shortly before the rise of Buddhism. The names of these states are—Anga (East Bihar), Magadha (South Bihar), Kasi (Benares), Kosala (Oudh), Vriji (North Bihar), Malla (Gorakhpur

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2. The early vedic age

Another civilisation had its principal home higher up the Indus valley. The people who evolved this culture called themselves Aryans. Unfortunately, the early literature of the Aryas—called the Veda—cannot be dated even approximately, and it is impossible to say with absolute precision in what chronological relation the civilisation portrayed in the Veda stood to the

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1. The pre-historic period

The earliest settlers in India have been divided into two classes, viz., Palaeolithic and Neolithic.Palaeolithic menThis name is applied to the earliest people, as the only evidence of their existence is furnished by a number of rude stone implements. These are small pieces of rough undressed stones, chipped into various forms, which were originally fitted

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27. Comparison of financial statements

There are two basic financial statements—viz. Income Statement and Balance Sheet. An income statement shows the net results of the business operations during an accounting period. A balance sheet is a statement of assets and liabilities indicating the financial position of an enterprise at a given date.Meaning and purpose of comparative financial statementsComparative financial statements

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25. Funds flow statement

(on working capital basis) In the words of R. N. Anthony ‘Funds flow statement is a statement prepared to indicate the increases in the cash resources and the utilisation of such resources of business during the accounting period.’ Thus, funds flow statement is a report of financial operation of a business undertaking. It clearly indicates

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