Basic Accounting Terms | Accounting Terminology | Class 11 Accounts

Basic Accounting Terms | Accounting Terminology | Class 11 Accounts | @sirtarunrupani
Basic Accounting Terms- Entity, Business Transaction, Capital, Drawings. Liabilities
(Non Current and Current). Assets (Non Current, Current); Expenditure (Capital and
Revenue), Expense, Revenue, Income, Profit, Gain, Loss, Purchase, Sales, Goods,
Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash Discount)
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[abhishekkumarsingh]

I am so Happy sir to know that you Not left our hand in class 11 And 12th. I had opted Commerce i am in isc board no online coaching is there for class 11th Commerce even near my house . I also leave in varanasi near St. Joseph's convent school shivpur . we are now your army sir

[dakshjaisinghani]

Such a nice man you are provided us full support in 10 class and also with us in 11 class Thank you so much for all your efforts ❤️❤️❤️❤️

[Commerceteacher]

Intangible asset :- computer software, licences, trademarks, patents, films, copyrights and import quotas.

[saviogomes]

Sir your videos are very helpful for us to understand commerce easily❤

[krrishop]

Giving Salary to management team of firm.. Example of internal transaction

[shiyamerugaming]

Sir there are two types of voucher
Source voucher- it is an evidence of transaction having taken place.
Accounting voucher - it shows account or accounts that are debited and credited. It is prepared on the basis of source voucher. It is also known as Journal voucher

[Commerceteacher]

Tangible asset example - inventory and stock

[BubbleenChima]

salaries paid to workers... will it come in internal transaction....?

[udaygupta]

Internal transaction- Wages and salary

[Commerceteacher]

External Liability – All obligations which a business has to pay back to external parties i.e. lenders, vendors, etc. are termed as external liabilities. Example – Borrowings, Creditors, Taxes, Overdraft, etc

[Crazy_UFO_]

Amazing explanation sir love you from kolkata ❤

[-CAdityaAgiwal]

Examples of external liability are Outstanding Expenses, bank Overdraft

[topggfhk]

Tangible assets - land, fans placed inside the building

[krrishop]

Chair, fan, cooler example of tangible assets

[sushilasrivastava]

Thanku sir ji eagerly waiting for your next video thanks a lot sir ji 🙂🙂

[arjunsharma]

Sir app bahuy acha padhate hoo keep going ❤

[vaibhavsingh]

Cycle, bike, are two examples of tangible assets

[shreshthsinghchauhan]

Sir doubt
Sir memorandum book me record Kari Hui transaction jo aage book keeper ko jati hai vo voucher hai???

[mysticaldreamer]

👌 awesome. It's a very high quality, strictly related to content, no non sense. Good job. Thanks for video.

[muhammadaffan-geme]

Sir your method of teaching is soooo 👍 good