Basis of Accounting Explained | Cash Basis vs Accrual Basis | Class 11 CBSE Accountancy

📘 Learn the Basis of Accounting – Cash Basis & Accrual Basis explained with examples! Perfect for CBSE Class 11 Accountancy students.

In this video, we explain the Basis of Accounting for Class 11 CBSE Accountancy. You’ll learn about the two main approaches used in accounting:
👉 Cash Basis of Accounting – meaning, features, advantages & limitations
👉 Accrual Basis of Accounting – meaning, features, advantages & limitations
👉 Key differences between Cash Basis and Accrual Basis with simple examples

This lesson will help you:
✔ Build a strong foundation in Class 11 Accountancy
✔ Prepare effectively for CBSE Commerce exams
✔ Understand the practical application of accounting methods in business
✨ Ideal for Class 11 Commerce students beginning their journey in Accountancy.

📂 Watch the full playlist: Accounting for Class 11 (CBSE)
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👉 In this video, you’ll learn:
0:00 Introduction
0:15 Few Accounting Terms
4:36 Cash Basis of Accounting
6:00 Accrual Basis of Accounting
7:13 Practical Example
15:30 Comparison between Cash and Accrual Basis of Accounting

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