Welcome to this Class 11th State Boards video on Introduction to Bookkeeping & Accounting (Chapter 1)!
In this video, you will understand the basic concepts of bookkeeping, accounting, accounting terminologies, and their importance in business.
We explain everything in simple and easy language, perfect for Class 11 students of all State Boards, CBSE, MP Board, Rajasthan Board, UP Board, Bihar Board, and others.
You will learn:
✔ Meaning & definition of Bookkeeping
✔ Meaning & definition of Accounting
✔ Basic accounting terms: Transaction, Capital, Drawings, Debtor, Creditor, Solvent, Insolvent
✔ Examples of each term for better understanding
✔ Difference between Cash Basis & Accrual Basis of Accounting
✔ Difference between Bookkeeping & Accountancy
This chapter is very important for exams, so make sure you watch till the end!
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