L-1 Basic Accounting Terms | Ch-2 Class 11 Accountancy | Vidyam

Master all Basic Accounting Terms for Class 11 Chapter 2 — Entity, Capital, Drawings, Assets, Liabilities, Current vs Non-Current Assets, Tangible vs Intangible Assets, and Fictitious Assets — explained clearly for CBSE Board Exam 2027. 📌 TELEGRAM (NOTES): https://t.me/Vidyamtutorials 💬 DOUBT-SOLVING GROUP: https://t.me/+JNCzelQcptpjOWY1 📲 WHATSAPP CHANNEL: https://whatsapp.com/channel/0029Vb0G... ___________________________________________ ✅ WHAT YOU'LL LEARN IN THIS LECTURE: Entity and Business Transaction Capital and Drawings — Meaning and Difference Asset — Definition and 3 Conditions Types of Assets — Current vs Non-Current Fixed Assets — Tangible and Intangible Fictitious Assets Liabilities — Meaning and Types ___________________________________________ 📚 This lecture is useful for Class 11 students of CBSE, ICSE, UP Board, Bihar Board, MP Board, Haryana Board, Punjab Board, and all other state boards following the TS Grewal / NCERT syllabus. ___________________________________________ 👨‍🏫 ABOUT THE TEACHER: Sanyam Bhayana is a Class 12 State Topper (99.8%) and Gold Medalist from Shri Ram College of Commerce (SRCC), New Delhi. He has helped hundreds of students score 100/100 in board exams. ___________________________________________ ⏱ CHAPTERS: 0:00 Introduction 1:54 Entity and Business Transaction 6:18 Capital and Drawings 9:09 Asset — Definition and 3 Conditions 13:28 Types of Assets — Current vs Non-Current 20:44 Fixed Assets — Tangible and Intangible 26:18 Fictitious Assets 30:21 Liabilities — Meaning and Types ___________________________________________ 💬 Got a doubt? Drop it in the comments — Sanyam Sir answers personally. ___________________________________________ 📂 CLASS 11 FULL SYLLABUS PLAYLISTS: 11 Accountancy (2026-27):    • 11 ACCOUNTANCY (2026-27)   11 Economics (2026-27):    • 11 ECONOMICS (2026-27)   11 Business Studies (2026-27):    • 11 BUSINESS STUDIES FULL COURSE (2026-27)   📂 CLASS 12 FULL SYLLABUS PLAYLISTS: 12 Accountancy (2026-27):    • Class 12 Accountancy 2026-27 | Full Course...   12 Economics (2026-27):    • 12 ECONOMICS (2026-27)   12 Business Studies (2026-27):    • 12 BUSINESS 2026-27   ___________________________________________ This video covers all basic accounting terms class 11 as per the CBSE and TS Grewal syllabus, including assets and liabilities class 11, current and non-current assets, tangible and intangible assets, fictitious assets, capital and drawings — all explained in one lecture for Class 11 Chapter 2 Board Exam 2027 preparation.