Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce

Introduction to AccountingFREE

Video | 27:26 min

02.Basic Accounting Terms - Class 11 - Accountancy

03.Accounting Principles and Conventions - Class 11 - Accountancy

9 Videos

04.Classification of accounts, Accounting Equation & Accounting Cycle - Class 11 - Accountancy

5 Videos

05. Source Documents - Class 11 - Accountancy

2 Videos

06.Journal & Ledger - Class 11 - Accountancy

4 Videos

07.Subsidiary Books - Class 11 - Accountancy

3 Videos

08. Bank Reconciliation Statements - Class 11 - Accountancy

4 Videos

09. Trial Balance - Class 11 - Accountancy

10. Errors & Rectification - Class 11 - Accountancy

2 Videos

11. Depreciation,Provision and Reserves - Class 11 - Accountancy

3 Videos

12.Closing Stock & Bad Debts - Class 11 - Accountancy

13. Financial Statement of Proprietary Concern & Adjustments - Class 11 - Accountancy

6 Videos

14. Reading and Analysis of Financial Statement - Class 11 - Accountancy

5 Videos

1 Crore+ students have signed up on EduRev. Have you? Download the App

Top Courses for Commerce

Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce Exam Pattern 2024-2025

Class 11 Book Keeping and Accountancy (Basics) - Video Lectures Exam Pattern for Commerce

In the field of commerce, Class 11 Book Keeping and Accountancy (Basics) is a fundamental subject that provides students with a strong foundation in accounting principles and practices. To help students grasp the concepts effectively, video lectures have become a popular learning tool. These video lectures offer an interactive and engaging way of studying, making the learning process more enjoyable and accessible.

Exam Pattern

The exam pattern for Class 11 Book Keeping and Accountancy (Basics) may vary depending on the educational board and institution. However, the general exam pattern consists of the following components:

Theory Examination: This section typically assesses students' understanding of various accounting concepts, principles, and terminology. Students are required to answer descriptive questions, short answer questions, and sometimes multiple-choice questions.

Practical Examination: This section evaluates students' practical skills in recording financial transactions, maintaining accounting records, and preparing financial statements. Students may be given practical scenarios or case studies to solve.

Project Work: Some educational boards or institutions may include project work as a part of the assessment. Students are required to work on a specific project related to bookkeeping and accountancy, showcasing their application of theoretical knowledge in a practical setting.

Benefits of Video Lectures

Video lectures for Class 11 Book Keeping and Accountancy (Basics) offer several advantages for commerce students:

Visual Learning: Video lectures provide a visual representation of accounting concepts, making it easier for students to understand and remember the topics. Visual aids such as graphs, charts, and illustrations enhance the learning experience.

Flexibility: Students can access video lectures at their convenience, allowing them to study at their own pace. They can pause, rewind, and replay the lectures as many times as needed to grasp the concepts fully.

Engaging and Interactive: Video lectures often incorporate interactive elements such as quizzes, animations, and real-life examples to keep students engaged throughout the session. This interactive approach helps in better comprehension and retention of the subject matter.

Revision and Review: Video lectures serve as excellent resources for revision and review before exams. Students can revisit specific topics or concepts they find challenging, reinforcing their understanding and boosting their confidence.

Supplemental Learning: Video lectures complement traditional classroom instruction, providing an additional resource for students to enhance their understanding. They can be used as a supplement to textbooks and classroom discussions, offering a different perspective on the subject matter.

In conclusion, video lectures for Class 11 Book Keeping and Accountancy (Basics) provide a comprehensive and engaging learning experience for commerce students. They help students understand complex accounting concepts, prepare for exams, and develop practical skills. By leveraging the benefits of video lectures, students can excel in their studies and build a strong foundation for their future in the field of commerce.

Class 11 Book Keeping and Accountancy(Basics)-Video Lectures Syllabus 2024-2025 PDF Download

Commerce Class 11 Book Keeping and Accountancy Syllabus

1. Introduction to Accounting - Class 11 - Accountancy
- Meaning and scope of accounting
- Objectives of accounting
- Importance of accounting
- Users of accounting information
- Types of accounting: financial accounting and management accounting
- Basic accounting concepts and principles

2. Basic Accounting Terms - Class 11 - Accountancy
- Assets, liabilities, and capital
- Revenue and expenses
- Income and expenditure
- Profit and loss
- Receipts and payments
- Debit and credit

3. Accounting Principles and Conventions - Class 11 - Accountancy
- Generally Accepted Accounting Principles (GAAP)
- Accounting conventions: conservatism, consistency, materiality, full disclosure, and matching
- Importance and application of accounting principles and conventions

4. Classification of accounts, Accounting Equation & Accounting Cycle - Class 11 - Accountancy
- Classification of accounts: personal, real, and nominal accounts
- Accounting equation: assets = liabilities + capital
- Accounting cycle: steps in the accounting process, including identification, recording, classifying, summarizing, and communicating financial information

5. Source Documents - Class 11 - Accountancy
- Meaning and importance of source documents
- Types of source documents: invoices, receipts, vouchers, etc.
- Recording transactions using source documents

6. Journal & Ledger - Class 11 - Accountancy
- Meaning and format of a journal
- Types of journals: cash journal, purchase journal, sales journal, etc.
- Posting journal entries to the ledger
- Meaning and format of a ledger
- Types of ledgers: general ledger, subsidiary ledger, etc.

7. Subsidiary Books - Class 11 - Accountancy
- Meaning and types of subsidiary books: cash book, sales book, purchase book, etc.
- Recording transactions in subsidiary books

8. Bank Reconciliation Statements - Class 11 - Accountancy
- Meaning and importance of bank reconciliation
- Preparation of bank reconciliation statements
- Adjusting entries for bank errors and outstanding items

9. Trial Balance - Class 11 - Accountancy
- Meaning and purpose of a trial balance
- Preparation and format of a trial balance
- Identification and correction of errors through a trial balance

10. Errors & Rectification - Class 11 - Accountancy
- Types of errors in accounting: errors of omission, errors of commission, errors of principle, compensating errors, etc.
- Methods of rectifying errors: suspense account, journal entries, etc.

11. Depreciation, Provision and Reserves - Class 11 - Accountancy
- Meaning and importance of depreciation
- Methods of calculating depreciation: straight-line method, reducing balance method, etc.
- Provision and reserves: meaning, types, and purposes

12. Closing Stock & Bad Debts - Class 11 - Accountancy
- Meaning and valuation of closing stock
- Treatment of closing stock in financial statements
- Bad debts: meaning, provision, and write-off

13. Financial Statement of Proprietary Concern & Adjustments - Class 11 - Accountancy
- Financial statements: trading account, profit and loss account, and balance sheet
- Adjustments for prepaid expenses, outstanding expenses, accrued income, etc.
- Preparation and interpretation of financial statements for a proprietary concern

14. Reading and Analysis of Financial Statement - Class 11 - Accountancy
- Meaning and importance of financial statement analysis
- Techniques of financial statement analysis: ratio analysis, comparative statements, etc.
- Interpretation of financial statements to assess the financial performance and position of a business.

By following this syllabus, students will gain a comprehensive understanding of the fundamentals of bookkeeping and accountancy in commerce.

This course is helpful for the following exams: Commerce, CA Foundation

How to Prepare Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce?

How to Prepare Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce?

If you are a commerce student studying in Class 11, it is essential to have a strong foundation in bookkeeping and accountancy. These subjects form the basis of your understanding of financial transactions, recording, and analysis. To help you with your studies, EduRev offers a comprehensive course on Class 11 Book Keeping and Accountancy(Basics) through video lectures.

Here are some key points on how to prepare for these video lectures:

1. Understand the course structure: Familiarize yourself with the syllabus and course structure of Class 11 Book Keeping and Accountancy(Basics). This will give you an overview of the topics that will be covered in the video lectures.

2. Organize your study materials: Gather all the necessary textbooks, reference books, and study materials related to the subject. Having all the resources in one place will make it easier for you to follow along with the video lectures.

3. Follow a study schedule: Create a study schedule that incorporates regular video lecture sessions. Allocate specific time slots for watching the video lectures and revising the concepts covered in each session.

4. Take notes: While watching the video lectures, take detailed notes of the important concepts, formulas, and examples discussed by the instructor. These notes will serve as valuable study material for revision purposes.

5. Practice examples: After watching the video lectures, practice solving the examples and exercises provided in your textbook or study materials. This will help you reinforce your understanding of the concepts and improve your problem-solving skills.

6. Seek clarification: If you encounter any doubts or have difficulty understanding certain topics, don't hesitate to seek clarification. You can reach out to your classmates, teachers, or even participate in online forums to get your queries resolved.

7. Revise regularly: Regular revision is crucial to retain the knowledge gained from the video lectures. Set aside dedicated time for revision, preferably at least once a week, to reinforce the concepts and ensure long-term retention.

By following these steps, you can effectively prepare for Class 11 Book Keeping and Accountancy(Basics) video lectures offered by EduRev. Remember to stay consistent, stay engaged, and make the most out of the resources provided to enhance your understanding of these subjects. Happy learning!

Importance of Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce

Importance of Class 11 Book Keeping and Accountancy(Basics)-Video Lectures Course for Commerce

Commerce students pursuing Class 11 often find themselves grappling with the complexities of bookkeeping and accountancy. These subjects form the foundation of commerce education and play a crucial role in shaping a student's understanding of financial transactions and business operations. To provide students with comprehensive and easily accessible learning resources, EduRev offers the Class 11 Book Keeping and Accountancy(Basics)-Video Lectures Course.

1. Comprehensive Coverage:
This video lectures course covers all the essential topics of Class 11 Book Keeping and Accountancy(Basics) syllabus. Students can gain a thorough understanding of concepts such as journal entries, ledger accounts, trial balance, depreciation, and financial statements. The course is designed to provide a strong foundation in the subject, ensuring students are well-prepared for higher-level accountancy concepts in the future.

2. Expert Faculty:
The video lectures are delivered by experienced and knowledgeable faculty members who are experts in the field of commerce. These experts have a deep understanding of the subject matter and employ effective teaching methods to simplify complex concepts. By learning from these experts, students can gain valuable insights and clarity on various topics, making the learning process more engaging and effective.

3. Visual Learning:
Video lectures offer a visually appealing learning experience that can enhance comprehension and retention. The combination of audio and visual elements in the video lectures helps students grasp complex accounting concepts with ease. Visual aids, such as diagrams and examples, are used to explain various accounting principles and procedures, making the learning process more interactive and engaging.

4. Self-Paced Learning:
One of the key advantages of video lectures is the flexibility they offer. Students can access the course at their convenience and learn at their own pace. This enables them to allocate more time to difficult topics and revise as needed. The video lectures can be accessed anytime and anywhere, allowing students to fit learning into their busy schedules.

5. Exam Preparation:
The Class 11 Book Keeping and Accountancy(Basics)-Video Lectures Course serves as an excellent resource for exam preparation. The lectures provide a comprehensive review of the entire syllabus, enabling students to revise and reinforce their understanding of key concepts. Additionally, the course includes practice questions and sample papers, allowing students to assess their knowledge and track their progress.

In conclusion, the Class 11 Book Keeping and Accountancy(Basics)-Video Lectures Course offered by EduRev is an invaluable resource for commerce students. The comprehensive coverage, expert faculty, visually appealing learning experience, self-paced learning, and exam preparation support make this course a must-have for students aiming to excel in their studies.

Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce FAQs

1. What is bookkeeping?

Ans. Bookkeeping is the process of recording financial transactions and maintaining financial records for a business. It involves recording all financial transactions, such as sales, purchases, and expenses, in a systematic and organized manner.

2. Why is bookkeeping important?

Ans. Bookkeeping is important for several reasons. It helps businesses keep track of their income and expenses, which is essential for making informed financial decisions. It also helps in preparing accurate financial statements, maintaining compliance with tax regulations, and facilitating smooth audits.

3. What are the basic principles of bookkeeping?

Ans. The basic principles of bookkeeping include the following: - The principle of double-entry: Every transaction should have an equal debit and credit entry. - The principle of consistency: The same accounting methods and procedures should be used consistently. - The principle of prudence: Assets and income should not be overstated, while liabilities and expenses should not be understated. - The principle of relevance: Only transactions that are relevant to the business should be recorded. - The principle of materiality: Transactions that are significant and have a material impact on the business should be recorded.

4. What are the different types of accounts in bookkeeping?

Ans. The different types of accounts in bookkeeping include: - Assets: Resources owned by the business, such as cash, inventory, and equipment. - Liabilities: Debts or obligations owed by the business, such as loans and accounts payable. - Equity: The owner's investment in the business and retained earnings. - Revenue: Income generated from the sale of goods or services. - Expenses: Costs incurred in the day-to-day operations of the business.

5. What is the difference between bookkeeping and accounting?

Ans. Bookkeeping involves the recording of financial transactions, while accounting involves the analysis, interpretation, and reporting of those transactions. Bookkeeping is a subset of accounting and provides the raw data for the accounting process.

6. What is the role of a bookkeeper?

Ans. The role of a bookkeeper is to record financial transactions, maintain financial records, reconcile bank statements, prepare financial reports, and assist with the preparation of tax returns. They ensure that the financial records are accurate, up-to-date, and in compliance with accounting standards and regulations.

7. What are the different methods of bookkeeping?

Ans. The different methods of bookkeeping include: - Single-entry bookkeeping: A simple method where only one entry is made for each transaction, usually used by small businesses. - Double-entry bookkeeping: A more comprehensive method where every transaction has an equal debit and credit entry. - Computerized bookkeeping: The use of accounting software to record and manage financial transactions.

8. What is the purpose of a trial balance in bookkeeping?

Ans. The purpose of a trial balance is to ensure the accuracy of the bookkeeping records. It lists all the debit and credit balances of the accounts to check if they are balanced. If the total debits and credits match, it indicates that the bookkeeping entries are accurate.

9. What is the difference between cash basis and accrual basis accounting?

Ans. Cash basis accounting recognizes revenue and expenses when cash is received or paid, respectively. Accrual basis accounting recognizes revenue when it is earned and expenses when they are incurred, regardless of when cash is received or paid. Accrual basis accounting provides a more accurate picture of a business's financial position and performance.

10. What are the common bookkeeping errors to watch out for?

Ans. Some common bookkeeping errors include: - Recording transactions in the wrong accounts. - Omitting transactions and not recording them. - Reversing debit and credit entries. - Incorrectly totaling debits and credits. - Failing to reconcile bank statements. - Data entry mistakes, such as typos or transpositions.

11. What is the role of financial statements in bookkeeping?

Ans. Financial statements summarize a business's financial activities and provide a snapshot of its financial position, performance, and cash flows. They include the income statement, balance sheet, and cash flow statement. Financial statements help stakeholders, such as investors, lenders, and management, assess the financial health and performance of a business.

12. How often should bookkeeping be done?

Ans. Bookkeeping should be done regularly, ideally on a daily or weekly basis, to ensure that all financial transactions are recorded accurately and in a timely manner. Regular bookkeeping helps businesses stay organized and up-to-date with their financial records.

13. What are the key responsibilities of a bookkeeper?

Ans. The key responsibilities of a bookkeeper include: - Recording financial transactions. - Maintaining accurate and up-to-date financial records. - Reconciling bank statements. - Preparing financial reports, such as income statements and balance sheets. - Assisting with the preparation of tax returns. - Ensuring compliance with accounting standards and regulations.

14. What are the benefits of using accounting software for bookkeeping?

Ans. Using accounting software for bookkeeping offers several benefits, such as: - Automation of repetitive tasks, saving time and reducing errors. - Easy tracking and categorization of income and expenses. - Generation of detailed financial reports. - Integration with other business systems, such as banking and invoicing. - Enhanced data security and backup options. - Streamlined collaboration with accountants and other stakeholders.

15. How can I improve my bookkeeping skills?

Ans. To improve your bookkeeping skills, you can: - Take courses or attend workshops on bookkeeping and accounting. - Stay updated with changes in accounting standards and regulations. - Practice regularly by recording transactions and reconciling accounts. - Seek feedback and guidance from experienced bookkeepers or accountants. - Use accounting software to automate tasks and learn its features. - Stay organized and maintain a systematic approach to bookkeeping.

Best Coaching for Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce

If you are a Class 11 Commerce student looking for the best coaching for Book Keeping and Accountancy, EduRev is the perfect platform for you. EduRev offers free online coaching for Class 11 Book Keeping and Accountancy, providing students with comprehensive video lectures that cover the basics of Book Keeping and Accountancy. With a wide range of online study material available, including downloadable PDFs and summaries of important chapters, EduRev ensures that students have all the resources they need to excel in their Book Keeping and Accountancy course.

The Video Lectures for Commerce offered by EduRev are designed specifically for Class 11 students and cover all the essential topics of Book Keeping and Accountancy. Whether you are struggling with understanding the basics of Accounting or need help with specific Book Keeping concepts, these video tutorials are the perfect resource to enhance your learning. The lectures are in line with the Commerce curriculum and the Class 11 syllabus, ensuring that you are well-prepared for your exams.

EduRev's approach to Commerce education is student-centric, providing an interactive and engaging learning experience. The video lectures are delivered by experienced teachers who are experts in their field, ensuring that you receive high-quality instruction. With EduRev, you can study at your own pace and at a time that is convenient for you, allowing you to effectively manage your time and learning Book Keeping and Accountancy in a way that suits your needs.

So, if you are a Class 11 Commerce student looking to excel in Book Keeping and Accountancy, EduRev's Video Lectures for Class 11 will provide you with all the necessary tools and resources to succeed. Don't miss out on this opportunity to enhance your learning and achieve academic excellence in Book Keeping and Accountancy.

Tags related with Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce

Class 11 Book Keeping and Accountancy, Video Lectures for Commerce, Basics of Book Keeping and Accountancy, Class 11 Commerce, Book Keeping and Accountancy course, Video Lectures for Class 11, Commerce subjects, Accounting basics, Class 11 Accountancy, Book Keeping concepts, Commerce curriculum, Video tutorials for Book Keeping and Accountancy, Commerce education, Class 11 syllabus, Learning Book Keeping and Accountancy

Best Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce NCERT Solutions and Study Materials

Looking for the best Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce NCERT study materials and Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce NCERT Book solutions? EduRev has got you covered! Our platform offers comprehensive Commerce NCERT Solutions and NCERT Study Materials that are tailored to fit the needs of Commerce students. Our Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce NCERT Book Solutions are designed to help students understand the concepts and improve their grasp on the subject. We provide step-by-step solutions to all the questions in the Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce NCERT Tests, making it easy for students to follow along and grasp the concepts. EduRev’s chapter-wise NCERT Solutions for Commerce are comprehensive and designed by a team of experienced teachers to cater to the learning needs of students. And the best part is - we offer our Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce NCERT Solutions and Study Materials for free to students. So, if you're looking for the best NCERT Book Solutions and Study Materials for Class 11 Book Keeping and Accountancy(Basics)-Video Lectures for Commerce, look no further than EduRev. Our platform offers everything you need to excel in your studies and achieve your academic goals.

Course Description

Class 11 Book Keeping and Accountancy(Basics)-Video Lectures | Docs, Videos, Tests, CBSE, NCERT Curriculum for Commerce 2024-2025 is part of Commerce preparation. The notes and questions for Class 11 Book Keeping and Accountancy(Basics)-Video Lectures | Docs, Videos, Tests, CBSE, NCERT Curriculum have been prepared according to the Commerce exam syllabus. Information about Class 11 Book Keeping and Accountancy(Basics)-Video Lectures | Docs, Videos, Tests, CBSE, NCERT Curriculum covers all important topics for Commerce 2024-2025 Exam. Find important definitions, questions, notes,examples, exercises test series, mock tests and Previous year questions (PYQs) below for Class 11 Book Keeping and Accountancy(Basics)-Video Lectures | Docs, Videos, Tests, CBSE, NCERT Curriculum.

Preparation for Class 11 Book Keeping and Accountancy(Basics)-Video Lectures | Docs, Videos, Tests, CBSE, NCERT Curriculum in English is available as part of our Commerce preparation & Class 11 Book Keeping and Accountancy(Basics)-Video Lectures | Docs, Videos, Tests, CBSE, NCERT Curriculum in Hindi for Commerce courses. Download more important topics related with Class 11 Book Keeping and Accountancy(Basics)-Video Lectures | Docs, Videos, Tests, CBSE, NCERT Curriculum, notes, lectures and mock test series for Commerce Exam by signing up for free.

Course Speciality

- Best Videos for learning a topic, you will never forget a topic you watched
- Covers all the important topics of a chapter
- All the topics have been taught by the expert faculty of LetsTute
- Raise your doubts and help others in solving their doubts through Forum
- More effective than taking tuitions and saves time

Full Syllabus, Lectures & Tests to study Class 11 Book Keeping and Accountancy(Basics)-Video Lectures | Docs, Videos, Tests, CBSE, NCERT Curriculum - Commerce | Best Strategy to prepare for Class 11 Book Keeping and Accountancy(Basics)-Video Lectures | Docs, Videos, Tests, CBSE, NCERT Curriculum | Free Course for Commerce Exam