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Accountancy Class 11 Semester 1 – Chapter 1B: Basic Accounting Terms (Complete Notes)
📘 Accountancy Class 11 – Semester 1 | Chapter 1B: Basic Accounting Terms
Get well-organised and detailed Accountancy notes covering 31 important basic accounting terms.
What's Included:
- Clear and detailed definitions.
- Important accounting concepts and explanations.
- Practical examples and numerical illustrations.
- Classification of Assets and Liabilities.
- Capital, Drawings, Income, Expenses, Profit and Loss.
- Capital vs Revenue Receipts and Expenditure.
- Debtors, Creditors, Bills Receivable and Bills Payable.
- Trade Discount vs Cash Discount.
- GAAP and Fundamental Accounting Principles.
Key Features:
- 14 pages of structured study notes.
- Easy-to-follow explanations.
- Tables, comparisons and formulas.
- Useful for Class 11 Semester 1 revision and exam preparation.
Format: PDF
Language: English
Class: 11
Subject: Accountancy
Chapter: 1B – Basic Accounting Terms
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