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namaskar and welcome to the online course three on financial management in gram panchayats in the previous two modules you've learnt about the gram panchayat financial resources and gram panchayat budgeting in this module you will learn about gram panchayat accounting before going to the panchayat accounting we will just take a look at the public view on gram panchayat development schemes as you all are aware of that economic development and social justice is the Mandate of the panchayats the gram panchayat receives funds from various sources to plan and implement the development schemes thus in the view of the public the gram panchayat is a trustee of public funds therefore prompt and correct accounting in the panchayat is very critical to gain the confidence of the public a strong accounting system in the panchayat to ensure transparency accountability and in able to track the usage of funds now let's see how the existing accounting system in panchayats watches model accounting syst

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