Basic Concept of Accounting By Saheb Academy - Class 11 / B.COM / CA Foundation

In this video I have explained the basic concept of accounting in a simple way and this is especially for science background students.

Here I have explained
⏱TIMESTAMPS
0:00 - Intro
0:12 - What is Accountancy?
3:03 - Accounting Process
5:06 - 5 Elements of Financial Statements
6:13 - Asset?
8:34 - Expense?
10:38 - Liability?
12:58 - Equity or Capital?
16:38 - Revenue?
17:44 - Practical Example
24:41 - What is Double Entry System?
28:47 - Debit and Credit Balances

This is for the students of CLASS 11, B.COM, BBA, CA INTER, CMA and any other accounting courses.

How to Pass Journal Entries?

Clear your doubts by direct messaging us on Instagram

Please Like, Subscribe and Share this video on your social media account.

#Accountancy #FinancialAccounting #Class11

[SahebAcademy]

⏱TIMESTAMPS
0:00 - Intro
0:12 - What is Accountancy?
3:03 - Accounting Process
5:06 - 5 Elements of Financial Statements
6:13 - Asset?
8:34 - Expense?
10:38 - Liability?
12:58 - Equity or Capital?
16:38 - Revenue?
17:44 - Practical Example
24:41 - What is Double Entry System?
28:47 - Debit and Credit Balances

[amandap]

I took accounting classes, and work in accounting and didnt even fully understand. This is wayyy better than any teacher I have ever had. Amazing conent and teachings! 👏👏

[shAdow_svEreiGn]

All you have explained and taught about the basic accounting for only 30 mins are the things I've learned for a whole semester back in my college days. Awesome

[sujansubedi]

I did my Master's in Professional Accounting, but never got to see a teacher like you before. Hats off to your effort man. You deserve more, Keep educating people.

[ivorysuasula]

Before I understand nothing about accounting, now I love to know more accounting, his explanation is all I need.

[behappy]

Man!! Who are you my son. What a teaching. Amazing!! I am 34 yrs and a mother of 2 kids. I am basically a Bcom student 2007 passed out. I don't have knowledge in accounts. But I really wanted to be an accountant. So far my hope on myself is dead. To be very frank, ur video rocks, now I have gutts hope to face the world as an accountant... Thank you so much son. Stay blessed 🙏

[esmaelmohamed]

No one teach like Indian people, They are Inborn and polite. Excellent

[shayak]

You should definitely be awarded the title of 'Best Educator' on the whole Indian YT domain... with such simplistic resources, but super-premium content...!!! Absolutely outstanding... I repeat, on the whole Indian YT domain...!!! Accept my respect.. 🙏🙏🙏

[shabrozkhan]

An engineer who is doing MBA in finance can understand the importance of this video... Amazing keep on updating ❤️

[iqraakram]

Your way of explaining is far better than our grumpy tutors who never clarifies basic termnologies.

[ezekiela.ckoroma]

Ive just listen to 7 minutes of your video and im already amazed how simple and understandable you're making these things to be. God bless you man

[deboraharyeetey]

OMG, we need more lecturers like you. You made everything seem so simple and very comprehensible, in fact after every lecture in class I'll just come to your channel for better understanding. This was so simple and I have been stressing my head out.thank you very much

[punittube]

I have been confused with this basics for 4 years, yeah 4 years but thankfully i found this. Video and have cleared my doubts. Thank you 🙏

[satyanarayanamurthy]

Very many thanks for the way you explained the concepts crystal clearly-- easy to understand and remember. I studied the basics 48 years ago. I watched the video just for timepass. The video is really interesting and absorbing even for senior citizens like me (63+)
May the Almighty shower His choicest blessings upon you!
BS Murthy, Hyderabad.

[nimmyvp]

I am student of ninth and i was curious about accountancy, this is my first time watching about accountancy and it is crystal clear. thanks

[leslierevi]

After going through so many videos in learning Accounting, your basic tutorial can be considered as one of the best videos I've come

[preciousannesanchez]

I love how you explained it smoothly! If my previous professors taught basic accounting this way, I would have understood it better 💗

[yashmjain]

This was a great video. I am from science background and never understood really the credit debit nomenclature for various elements. Now it is a bit clear. Thank you!

[catch_me_if_you_can_]

You are my teacher who teaches me without fees ❤️

[sushmal]

Thank you so much, I have 1st sem MBA in correspondence exam in a week, this helped a lot.. you talk to the point and made me understand easily..

The flash card thing is awesome. Appreciate your efforts..