Nomenclature, Bookkeeping

an integrated list of bookkeeping accounts in which the name and composition of each account is given along with its designation. Bookkeeping nomenclature is determined by the Ministry of Finance of the USSR in agreement with the Central Statistical Administration of the USSR. Its use is mandatory in all enterprises and economic organizations. The plan for bookkeeping accounts to be used by kolkhozes is approved by the Central Statistical Board of the USSR.

The headings of accounts vary by type, such as cash, or finished output; by source, such as initial capital or short-term Gosbank credit; and by economic transactions and their outcome, such as sales, customer accounts, and profit and loss. Accounts kept for analytic purposes also include second-order accounts, or subaccounts. The bookkeeping nomenclature now in use throughout the national economy of the USSR is based on a uniform methodology. It ensures uniformity and comparability among reported data across sectorial and territorial boundaries, and it promotes the use of automated accounting methods.