Class 11 Accountancy | Mid-Term Important Questions | Top 30 Expected Questions (Part 2) | CBSE

Welcome to Part 2 of our highly requested series covering the 30 most important questions for your Class 11 Accountancy Mid-Term Exam (2026-27). In this video, we tackle Section B and Section C type questions, focusing entirely on Questions 9 through 16. This session is a deep dive into the Theory Base of Accounting, Accounting Standards, and core Basic Accounting Terms that are guaranteed to appear in your mid-term paper. We break down complex concepts into simple, everyday English so you can secure full marks in your theory section. Pause the video when each question appears on the screen, test your knowledge, and then watch the detailed explanation to see exactly how the examiner expects you to write the answer. ⏱️ Chapter Timestamps 00:00 – Introduction & Strategy for Theory Questions 00:38 – Q9: 10 Basic Accounting Terms (Capital, Drawings, Goodwill, Debtors, Creditors & more) 06:38 – Q10: Business Entity Concept (Why is Capital treated as a Liability?) 10:12 – Q11: Going Concern Concept (Why do we value Fixed Assets at cost?) 14:27 – Q12: The Link Between the Matching Concept & Accrual Concept 19:43 – Q13: Conservatism / Prudence Concept (Anticipating Losses & Closing Stock Valuation) 23:25 – Q14: Accounting Conventions Explained (Consistency vs. Full Disclosure) 26:32 – Q15: Case Study Practice: Identifying the Correct Accounting Principle 29:34 – Q16: Accounting Standards (Meaning, Issuing Authority & Objectives) 📚 What You Will Learn in This Video Essential Terminology: Get clear, one-line definitions and examples for crucial terms like Assets, Liabilities, Revenue, and Expenses so you never confuse them again. Core Accounting Principles: Understand the logic behind major concepts, such as why the Business Entity Concept separates the owner from the business, and why Conservatism forces us to prepare for all possible losses. Real-World Application: Learn how to apply principles to practical scenarios, like treating a small ₹150 stapler purchase as a current year expense due to the Materiality principle. Accounting Standards Knowledge: Discover the role of the ICAI in issuing Accounting Standards to ensure uniformity, comparability, and reliability across financial statements. 🔔 Next Up: Don't forget to subscribe! In Part 3, we will cover Questions 17 to 30, focusing heavily on practical's including the Accounting Equation, Rules of Debit and Credit, and Voucher preparation. 📌 Related Resources & Playlists🎬 Watch Part 1: Top 30 Important Questions (Q1 to Q8)    • Class 11 Accountancy | Mid-Term Important ...   📋 Class 11 Accountancy Complete Syllabus Playlist:    • Accounts (Class - 11th)   #class11accountancy #Class11Accountancy #midtermexam2026 #importantquestions #TheoryBaseOfAccounting #cbseclass11 #AccountancySamplePaper #exampreparation #AccountancyConcepts #Commercetoppers #Class12Commerce #Class11Commerce #Commerce #CommerceStudents