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Basic Accounting Terms | Class 11 Accountancy | Part 2

Description:
Welcome to the first part of our series on Basic Accounting Terms for Class 11 Accountancy! 🎓

In this video, we’ll cover essential accounting terms like **Assets , Fictitious Assets, Capital Receipt, Revenue Expenditure, Capital Expenditure, Revenue Expenditure, Deferred Revenue Expenditure, Expenses **. These concepts are the foundation of understanding how businesses track their financial activities.

📌 What you’ll learn:
Clear definitions of key accounting terms
Simple examples to enhance understanding
How these terms apply to real-life scenarios

This video is perfect for students preparing for their Class 11 Accountancy syllabus and anyone looking to build a solid foundation in accounting.

💡 Stay tuned for Part 2, where we’ll explore more advanced terms!

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