Class 11 Accountancy | Classify Items as Asset, Liability, Income, Expense | Ch 2 Q&A

This video covers two most important questions from Class 11 Accountancy Chapter 2 – Basic Accounting Terms, where we learn how to classify items into different types of assets (Fixed, Current, Fictitious) and also into Asset, Liability, Income, and Expense. These types of questions are frequently asked in school exams, unit tests, and CBSE papers, making it essential for every commerce student to practice.

In this video, you’ll learn:

How to identify whether an item is an asset or expense

How to classify between tangible, intangible, current, and fictitious assets

Clear logic behind every classification

A smart and exam-ready approach to answer such questions

🎯 Best for CBSE Class 11 Commerce students, Accountancy beginners, and for quick concept-based revision before exams.
📘 Based on Chapter 2 – Basic Accounting Terms

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