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saṁvādaṁ taṁ nibodhata
The words itihāsaṁ purātanam mean “an old history.” The Purāṇas are not chronologically recorded, but the incidents mentioned in the Purāṇas are actual histories of bygone ages. Śrīmad-Bhāgavatam is the Mahā-purāṇa, the essence of all the Purāṇas. The Māyāvādī scholars do not accept the Purāṇas, but Śrīla Madhvācārya and all other authorities accept them as the authoritative histories of the world.