Accounting involves recording, classifying, and summarizing financial transactions and events in a systematic manner. It allows businesses to maintain permanent records, ascertain profits or losses, track business progress, and understand their financial position. Accounting tools like petty cash books and PAN cards are used to manage expenses and identify taxpayers in India.

1. Accounting is a art of recording, classifying, and summarising
in a significant manner and inters of money transactions and events
which are impart at least at a financial character.
Advantages of Accounting
1.Maintainment of permanent records of business.
2.Asertainment of profit or loss.
3.Asertainment of progress of the business.
4.Asertainment of financial position.
5.Helpful to the management.
Expenses:
1. Salary .
2. Wages.
3. Rent.
4. Taxes.
5. Printing and Stationery.

2. Petty Cash Book:
Petty cash book is a cash book, recording petty payments
is called petty cash book.
Date Example for petty cash book.
Particular Amt Amt.
10-3-2012 Cash Received _ 1500rs
11-03-2012 Stationery 25
11-03-2012 Travelling 50
11-03-2012 Canteen 25
11-03-2012 Printing 100 -200
Balance Amt 1300
Pan:
Pan card is national identification number received to all tax
payers of India those income is taxable.
Pan card is a ten digit alphanumerical number issued by the
income tax officer.
Advantages of Pan Card :
1.Purchase and sale of immovable properties.
2.Purchase and Sale of motervehicals.
3.Transaction in shares exceeding.

3. Pan card:
Pan card is a national identification number issued to
all tax fares of India those incomes is taxable.
Uses of Pan card :
1. Purchase and sale of immovable properties.
2. Opening of new bank account.
3. Fd account more then 50 rupees.
Demand Draft :
Demand draft is an instrument used for effective
transfer of money and it is also a negotiable instruments.