Author name: Bhagya

This GSEB Class 11 Commerce Accounts Notes Part 1 Chapter 7 Cash Book and Its Types covers all the important topics and concepts as mentioned in the chapter. Cash Book and Its Types Class 11 GSEB Notes In the business units proportion of cash transactions is comparatively much more than the credit transactions. But today’s […]

This GSEB Class 11 Commerce Accounts Notes Part 1 Chapter 6 Subsidiary covers all the important topics and concepts as mentioned in the chapter. Subsidiary Class 11 GSEB Notes Firstly, economic transactions of the business are entered in the rough book. Then, these transactions are recorded in the hierarchy of the date in journal. In

This GSEB Class 11 Commerce Accounts Notes Part 2 Chapter 3 Provisions and Reserves covers all the important topics and concepts as mentioned in the chapter. Provisions and Reserves Class 11 GSEB Notes As human life is full of many uncertainties, a business also has to face many types of risks and uncertainties. Many types

This GSEB Class 11 Commerce Accounts Notes Part 2 Chapter 2 Depreciation Accounts covers all the important topics and concepts as mentioned in the chapter. Depreciation Accounts Class 11 GSEB Notes Generally depreciation is to be calculated on fixed assets. There are two types of fixed assets : Tangible assets like Land, Building, Plant and

This GSEB Class 11 Commerce Accounts Notes Part 2 Chapter 1 Rectification of Errors covers all the important topics and concepts as mentioned in the chapter. Rectification of Errors Class 11 GSEB Notes For writing the accounts certain rules are to “be followed. To write the accounts systematically, quickly and easily, a trader divides the

This GSEB Class 11 Commerce Accounts Notes Part 1 Chapter 11 Bank Reconciliation Statement covers all the important topics and concepts as mentioned in the chapter. Bank Reconciliation Statement Class 11 GSEB Notes In the current scenario bank services are very important and necessary for any trade or business. Generally, a trader or businessman opens

This GSEB Class 11 Commerce Accounts Notes Part 1 Chapter 10 Trial Balance covers all the important topics and concepts as mentioned in the chapter. Trial Balance Class 11 GSEB Notes An accountant prepares main book of account – ledger. from the journal and subsidiary books. A statement is prepared at the end of the

This GSEB Class 11 Commerce Accounts Notes Part 1 Chapter 9 Ledger Posting covers all the important topics and concepts as mentioned in the chapter. Ledger Posting Class 11 GSEB Notes Initially business transactions are recorded in journal book or in subsidiary books. The main aim of writing the books of accounts is to get

This GSEB Class 11 Commerce Accounts Notes Part 1 Chapter 5 Accounting Equation and Business Transactions covers all the important topics and concepts as mentioned in the chapter. Accounting Equation and Business Transactions Class 11 GSEB Notes Accounting transaction affects into at least two accounts. One account receives consideration or gain, the other account gives

This GSEB Class 11 Commerce Accounts Notes Part 1 Chapter 4 Journal covers all the important topics and concepts as mentioned in the chapter. Journal Class 11 GSEB Notes For the numerous transactions of the business, which accounts are to be debited or which accounts are to be credited and how to decide that, we

This GSEB Class 11 Commerce Accounts Notes Part 1 Chapter 3 Introduction to Goods and Services covers all the important topics and concepts as mentioned in the chapter. Introduction to Goods and Services Class 11 GSEB Notes In our country various indirect taxes were collected by the central government, state governments and governments of union

This GSEB Class 11 Commerce Accounts Notes Part 1 Chapter 2 Dual Effect of Transactions and Types of Accounts covers all the important topics and concepts as mentioned in the chapter. Dual Effect of Transactions and Types of Accounts Class 11 GSEB Notes Before writing business transactions in the books of accounts, it is important

This GSEB Class 12 Commerce Accounts Notes Part 2 Chapter 6 Cash Flow Statement covers all the important topics and concepts as mentioned in the chapter. Cash Flow Statement Class 12 GSEB Notes In financial accounts, besides profit and loss statement and balance Sheet, cash flow statement is also included. Amongst all assets of business,

This GSEB Class 12 Commerce Accounts Notes Part 2 Chapter 5 Accounting Ratios and Analysis covers all the important topics and concepts as mentioned in the chapter. Accounting Ratios and Analysis Class 12 GSEB Notes In a business unit, financial statements are prepared on the basis of accounting information. Different accounting information shown in financial

This GSEB Class 12 Commerce Accounts Notes Part 2 Chapter 4 Analysis of Financial Statements covers all the important topics and concepts as mentioned in the chapter. Analysis of Financial Statements Class 12 GSEB Notes The last stage of financial accounting system is to prepare financial statements. In this stage, income statement and balance sheet

This GSEB Class 12 Commerce Accounts Notes Part 2 Chapter 3 Company Final Accounts covers all the important topics and concepts as mentioned in the chapter. Company Final Accounts Class 12 GSEB Notes Like other form of mercantile system, in company form also after completion of accounting period and accounting process, statements are prepared to