Hello Students, In this video I explained the accounting terms- "Depreciation, Entity, Entry & Insolvent" from Chapter-2 Basic Accounting Terms referring T.S. Grewal's Book, page no. 2.10 & 2.11, Edition 2019.
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Introduction to Accounting [Chapter-1]
1- - (Meaning of accounting)
2- - (Definitions of accounting)
3- - (Characteristics of accounting)
4- - (Objectives of accounting)
5- - (Functions of accounting)
6- - (Advantages of accounting)
7- - (Limitations of accounting)
8- - (Importance of Chapter 1 in exam)
9- - (Role Of Accounting In Business)
10- - (Accounting Process)
11- - (Branches Of Accounting)
12- - (Meaning Of Book Keeping, Accounting & Accountancy)
13- - (Difference Between Book Keeping, Accounting & Accountancy)
14- - (Meaning & Definition of Accounting Information)
15- - (Types of Accounting Information)
16- - (Qualitative Characteristics of Accounting Information)
17- - (Users of Accounting Information)
18- - (Is Accounting an art or a science)
19- - (Systems of Accounting)
20- - (Features, Stages & Advantages of Double Entry System)
Basic Accounting Terms [Chapter-2]
21- - (Meaning & Characteristics of Business Transaction)
22- - (Meaning of Account & Capital)
23- - (Drawings & Liabilities)
24- - (Assets)
25- - ("Assets" in the case of companies as per schedule III of the Companies Act, 2013)
26- - (Receipts)
27- - (Expenditure)
28- - (Revenue)
29- - (Expense)
30- - (Income & Profit)
31- - (Basic Accounting Terms Gain Loss)
32- - (Sales & Sales Return)
33- - (Revenue from Operations)
34- - (Goods)
35- - (Stock/ Inventory)
36- - (Trade Receivable)
37- - (Trade Payable)
38- - (Bad Debts, Balance Sheet,Book Value)
39- - (Cost, Voucher & Discount)
40- - (Books of Account,Cost of Goods Sold, Credit & Debit)
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