BASIC ACCOUNTING TERMS Class 11 ONE SHOT | Accounts

BASIC ACCOUNTING TERMS Class 11 ONE SHOT | Accounts | GAURAV JAIN

Рет қаралды 15,468

Күн бұрын

Пікірлер: 31

@commerceking-gauravjain 3 ай бұрын

Ye Le Baalak 😀 Mauj kar NOTES OF THIS CHAPTER - commerceking.my.canva.site/basic-accounting-terms-class-11 COMMERCE KA BRAHMASTRA LINK - commerceking.my.canva.site/aaja-baalak JOIN US ON OTHER SOCIAL MEDIA HANDLES 😀 📣 Whatsapp - wa.me/917690041256 📣 Telegram - t.me/gauravjaincommerceking 📣 Instagram - instagram.com/gaurav_jainofficial/ 📣 Mobile Application - play.google.com/store/apps/details?id=co.diy17.znhet 📣 Website - www.thegauravjain.com/

@ADEDLOOP 2 ай бұрын

00:03 Introduction to basic accounting terms for Class 11 accountancy 01:07 Understanding business transactions 02:47 Business transactions are any financial events that impact a company's finances. 03:41 Maintaining personal accounts using a diary 05:24 Understanding the two key things in accounting - Amount and Direction/Effect. 06:23 Understanding how to write clear amounts and directions is important 08:15 Understanding the concept of capital in accounting 09:05 Understanding the basic concepts of investment and business ownership. 10:49 Understanding the concept of drawing in the context of business. 11:42 Understanding general entries in accounting 13:29 Non-current liability refers to money to be repaid after 12 months 14:31 Understanding Current Liabilities in Accounting 16:27 Non-current or long term assets 17:13 Long-term assets include machinery and investments in business 19:16 Understanding current assets in accounting 20:20 Understanding basic accounting terms 22:39 Understanding Deferred Revenue and Expenditure 23:25 Process of making and selling toffee 25:20 Revenue Receipts and Payment Receipts 26:03 Understanding revenue from selling assets 27:53 Expenses are the costs incurred in generating revenue. 28:44 Understanding Cost of Goods Sold in accounting 30:42 Understanding Cost and Profit in Accounting 31:40 Indirect expenses are essential for running a business 33:21 Understanding the concept of profit and gain in accounting 34:18 Goods refer to physical items bought for selling 36:03 Understanding opening and closing stock in accounts. 37:02 Understanding the concept of trade and credit sales 38:43 Understanding bill receivable and bill payable 39:37 Understanding the concept of creditors in accounting 41:09 Understanding Bad Debts and Discounts in Accounting 42:07 Negotiating bulk purchase discounts for pens 44:04 Delayed payment impacts business operations 44:46 Cash discount is available for quick payments 46:36 Understanding depreciation in accounting 47:34 Understanding depreciation and current value of assets Crafted by ADEDLOOP.....

@Zeno-p5 2 ай бұрын

Kal Paper Hai Na ??! Hai To All The Best 😂 ❤

@diyamaity6267 2 ай бұрын

Same to you❤❤😅😅

@KirtiGirotra-k2v Ай бұрын

Thanks ❤😂

@ShauryaTrivedi-u2u 2 ай бұрын

Thank you sir for this full video

@Classy00001 2 ай бұрын

Well explained sir thanku so much 😊

@prasanth5067 2 ай бұрын

Sir .mane aapka brahmstra dekha aur aapka documentry style video vi dekha.....par yeh best laga, kyuki isme details ma vi focus kiya aapne aur Mainly notes bana sakte ha aapka board dekhke ❤ inspiration sir

@lakshitgehlot51 2 ай бұрын

Great explanation

@Urmi__0z8 3 ай бұрын

Thankyou sir It's very helpfull for all🙂

@SabhyaTiwari-u2e 2 ай бұрын

Sir left deferred revenue expenditure 😊

@rishavjindal3035 3 күн бұрын

Deferrd revenue expenditure are those expenditure which are revenue i.e reccuring in nature but ,they yeild benifit for long time. In this expenditure we bacsilly dont record the entire cost, we record the expenditure per year. Eg - if u decide to launch one add for ur business , and u incure total expense say 10000 and u feel that this add will increase ur sale for say 5 years than in the financial statemtns u will not record the entire money that u incurred but simply write 10000/5 i.e 2000