Скачать или смотреть Advantages & Limitations of Accounting | Double vs Single Entry System | Class 11 Lec 2

Welcome to Lecture 2 of the Introduction to Accounting chapter in the Pre Ace to Accounts series by Sanjeev Giri Classes!

In this session, we dive deeper into the core framework of accounting. You’ll learn both the benefits and drawbacks of accounting in real-life business situations, along with the distinction between Single Entry and Double Entry Systems — essential for understanding how businesses record transactions.

📚 What You'll Learn Today:
🔹 Key advantages of accounting in business decision-making
🔹 Major limitations of accounting and their impact
🔹 Concept of Double Entry System and its rules
🔹 Brief on Single Entry System and why it’s incomplete
🔹 TS Grewal-style explanation with examples and exam focus

This session is aligned with the CBSE Class 11 syllabus and explained using the TS Grewal textbook for complete conceptual clarity.

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