Process & Bases of Accounting | Cash & Accrual Basis | DK Goel 2026-27 l Class 11 Accountancy l

📚 Class 11 Accountancy | Chapter 4 – Process and Bases of Accounting In this video, we have discussed Chapter 4 – Process and Bases of Accounting in a detailed and easy-to-understand manner, with the help of simple and practical examples. 🔹 Process of Accounting We have explained the complete process of accounting step-by-step, including: Identification of Transactions Source Documents / Vouchers Recording of Transactions in Journal or Subsidiary Books Posting into Ledger Preparation of Trial Balance Preparation of Final Accounts / Financial Statements The complete accounting process has been explained through practical examples so that Class 11 students can understand how a transaction moves from its identification to the preparation of financial statements. 🔹 Bases of Accounting We have also discussed the two major bases of accounting: ✅ Cash Basis of Accounting ✅ Accrual Basis of Accounting For Cash Basis of Accounting, we explained its meaning, working, advantages, disadvantages, and suitability for different types of businesses. A simple tea seller example has also been used to make the concept easy to understand. For Accrual Basis of Accounting, we discussed its meaning, how it works, and the types of businesses for which it is more suitable. 📖 Chapter: 4 – Process and Bases of Accounting 🎓 Class: 11th Accountancy 📚 Book: D.K. Goel Accountancy 📅 Edition: 2026–27 This lecture is useful for students preparing for CBSE Class 11 Accountancy and looking for a clear, detailed and exam-oriented explanation of the Process of Accounting, Cash Basis and Accrual Basis of Accounting. 🔎 Searchable Hashtags #ProcessOfAccounting #BasesOfAccounting #CashBasisOfAccounting #AccrualBasisOfAccounting #Class11Accountancy #AccountancyClass11 #Class11Accounts #DKGoel #DKGoelAccountancy #DKGoel202627 #CBSEClass11 #CBSEAccountancy #AccountingProcess #AccountingBasics #FinancialStatements #TrialBalance #Ledger #Journal #CommerceStream #CommerceStreamByMDShadan