Goods and Services Tax Class 11 Notes
Goods and service tax is an indirect tax levied at a prescribed rate on every …
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Source Documents Class 11 Notes
Source documents are those documents that are used by an organization as an evidence of …
Double Entry System Class 11 Notes
According to this system, every business transaction affects at least two accounts in opposite directions. …
Process and Basis of Accounting Class 11 Notes
In this chapter, we have to study the two most famous basis of accounting that …
Accounting Equations Class 11 Notes
An accounting equation is a formula of accounting that shows that the assets of a …
Accounting Principles Class 11 Notes
Accounting Principles Class 11 Notes: Accounting statements disclose the profitability and solvency of the business …
Accounting Standards Class 11 Notes
Kohler defines an accounting standard as “a code of conduct imposed on accountants by custom, …
Rectification of Errors Class 11 Notes
When an error is rectified by passing a journal entry, one account being debited and …
Single Entry System Class 11 Notes
Accounting records that are not prepared by the principles of double entry are known as …
Basic Accounting Terms Class 11 Notes
This chapter includes all the accounting terms that frequently come up while learning anything. You …