Hey friends, welcome to Indian All in 1! This article is in continuation of our fresh new series dedicated to the students of CBSE Class XI Commerce Accountancy students. This is the second in the series and brings with it the handwritten notes to the second chapter of Class 11th Accountancy titled Basic Accounting Terms. A brief description of the chapter title and it's subsequent contents are provided in this article, so do read them and download theses handwritten notes through the link given below👇🏻
Ch-2. Basic Accounting Terms
Contents:
- Business Transactions
- Features of Business Transactions
- Entity
- Entry
- Proprietor/Owner
- Accounting Year
- Voucher
- Asset
- Classification of Assets
- Fixed Assets
- Current Assets
- Tangible Assets
- Intangible Assets
- Liquid Assets
- Wasting Assets
- Fictitious Assets
- Liability
- Classification of Liabilities
- Fixed Liabilities
- Current Liabilities
- Contingent Liabilities
- Capital
- Drawings
- Working Capital
- Expenditure
- Capital Expenditure
- Revenue Expenditure
- Expenses
- Revenue
- Income
- Loss
- Normal Loss
- Abnormal Loss
- Gain
- Profit
- Gross Profit
- Net Profit
- Goods
- Cost
- Purchases
- Purchases Return/Return Outward
- Sales
- Sales Return/Return Inward
- Stocks
- Stock of Raw Materials
- Stock of Work-in-progress
- Stock of Finished Goods
- Valuation of Stock
- Account/Trade Receivable
- Debtors
- Bills Receivable
- Payable
- Creditors
- Bills Payable
- Discount
- Trade Discount
- Cash Discount (Disct. Allowed, Disct. Received)
- Quantity Discount
- Settlement Discount
- Investment
- Current Investment
- Long-Term Investment
- Freight
- Carriage
- Carriage Inward
- Carriage Outward
- Receipt
- Revenue Receipt
- Capital Receipt
- Solvent
- Insolvent
- Depreciation
- Bad Debt
- Livestock
- Allowance
- Invoice/Bill
- Books of Accounts
- Debit
- Credit
- Fully Solved Question- Answers
Benefits of Using These Notes:
- Clarity: These notes are handwritten in a clear and concise manner, making it easier for students to understand and retain complex concepts.
- Comprehensive Coverage: All the essential topics and subtopics are covered in detail, ensuring that students have access to a complete guide.
- Ease of Revision: The structured format of the notes makes them ideal for quick revisions before exams.
- Enhanced Understanding: By following these notes, students can gain a deeper understanding of accounting principles and their practical applications.
- Retention: Handwritten notes often aid in better retention of information compared to typed notes.
- QnA: The notes contain fully solved questions, which provides an edge for practice and retening the concepts in a better manner
Things to Keep in Mind While Referring to These Notes:
- Cross-Verification: While the notes are thorough, it's advisable to cross-verify the content with your textbook and other reliable sources.
- Updated Syllabus: Ensure that you are aware of any updates or changes in the syllabus that might not be reflected in these notes.
- Practice Problems: In addition to studying the notes, practice accounting problems to apply the concepts learned.
- Clarification of Doubts: Use these notes as a supplement. For any unclear concepts, seek clarification from teachers or refer to additional study material.
- Regular Review: Regularly review these notes to stay familiar with the concepts and to reinforce learning.
By utilizing these handwritten notes, students can effectively prepare for their CBSE Class XI Accountancy exams and build a strong foundation in the subject.
Click here to download the PDF of these notes
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Do comment if you find this article and the notes helpful or fell free to tell anything else you want to communicate to us.
Happy Studying!
Stay tuned!
Do check out other free study materials available on our website👇🏻
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