This article attempts to explore the system of booking the
revenue,
expenditure and material
possessions of the state
recorded in
Rites of Zhou Dynasty. This system played a very important role in providing the court of Zhou Dynasty with necessary information about all the above-mentioned aspects. According to this system., everything concerning the
income, expenditure and the material possessions of the state had to be
carefully identified, priced, recorded item by item, signed and sealed. It also required that the local governmentsto report their income and expenditure at the end of ten days,a month, a year and three years. Those officials, who were found to waste, abuse the state money and possessions received punishment while those who increased the income and spend it legally and carefully were rewarded. It ensured accurate record of the state treasury and steady and sufficient income and material possessions of the state, thus strengthening the rule of the country, regulating the financial activities of governments at different levels, saving the income and making full and desirable use of everything.
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