Accounting is a systematic procedure for recognizing, documenting, calculating, categorizing, substantiating, summarizing, clarifying and linking financial data. It discloses profit or loss for a given period of time and the nature and value of the assets, liabilities, and equity of the firm. ICSE Syllabus for Class 11 Accountancy provides a broad range of concepts and introductions to the subject, including all the questions set out in the chapters of the ICSE Syllabus for Class 11 Accountancy. Accounting or accounting is a structure designed to measure commercial pursuits, to act on the data in the reports and to make the findings available to decision-makers. The documents which link these findings to the procurement of the establishment in monetary terms are referred to as financial statements. Accounting is defined as' Business Language.' Accounting helps the establishment to be able to establish the financial position of the business. With all the accounting pu