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Full Notes on NCERT Syllabus for Class 11 Accountancy are explained by Expert Teachers on Extramarks

Objectives of Accounting is an introduction, which students can learn by taking online classes for the NCERT Syllabus for Class 11 Accountancy from the Extramarks app. If students take online classes for NCERT Syllabus for Class 11 Accountancy, then they will get to know that Accounting is the art of documenting, classifying, and summarizing satisfactorily and terms of money, transactions and events that are, at least in part, of a financial nature, and analyzing the effects thereof. Accounting is both an art and a science. Accounting roles include recognition, documentation, description, summarization, interpretation, and communication. The accounting process starts with the recognition of financial transactions and concludes with the preparation of the accounts. Vouchers and source documents have to endorse accounting as a source of knowledge. Book-keeping is the practice of documenting the monetary element of commercial and financial transactions in account books. Accounting is a form of record-keeping. Accounting is unlike book-keeping. The accounting goal is to maintain a comprehensive record of financial transactions. The purpose of bookkeeping is to ascertain the net profit or loss and to demonstrate the business ' financial status. Accountancy refers to formal accounting expertise relating to the principles and procedures used in accounting. Accounting varies from accounting by class, functions, etc. Online classes for NCERT solution of Accountancy Class 11 from the Extramarks app allows you to take classes at home. Now all new video and audio lectures of NCERT Syllabus for Class 11 Accountancy is available on the Exrtramarks app.

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