Basics Accounting Terms

Описание: 📘 Basic Accounting Terms Explained with Simple Examples | Class 11 & 12 | Beginners
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Understanding Accountancy becomes easy when your basics are strong 💡
In this video, we explain Basic Accounting Terms in a simple, step-by-step manner with easy real-life examples, specially designed for beginners, Class 11 & 12 commerce students.
This video will help you:
✔ Understand fundamental accounting concepts
✔ Build a strong foundation in Accountancy
✔ Prepare confidently for exams

⏱️ Timestamps
00:00 – Introduction to Basic Accounting Terms
00:35 – Meaning of Business
01:15 – Meaning of Transaction
02:00 – Assets with Example
02:50 – Capital Explained
03:35 – Drawings with Example
04:20 – Liabilities Explained
05:05 – Goods Meaning
05:45 – Purchases (Cash & Credit)
06:30 – Sales Explained
07:05 – Stock (Opening & Closing)
07:45 – Debtors with Example
08:30 – Creditors Explained
09:10 – Expenses Explained
09:50 – Income Explained
10:25 – Profit with Calculation
11:05 – Loss with Calculation
11:40 – Summary & Conclusion

🎓 Who should watch this video?

Class 11 & 12 Commerce students
Beginners in Accountancy
B.Com & foundation-level students
Anyone who wants to learn accounting from basics