In this post, we have provided the Question wise solution of all Questions of Chapter No. 2 – Theory Base of Accounting -Unimax Publications Class 11 – 2021. So first we will discuss the Theory Base of Accounting and solved all problems:
The terminology of Financial Accounting means that terms are used by the accountant to communicate the financial position of the business to the owner of the business.
What are the Terminologies of Financial accounting?
Financial accounting is known as business language, So it has its own terminology for everything used in the business. So, Every commerce student or professional should know the terminology of financial accounting, because it makes it easy to understand accounting. Without the study of the basic terminologies, you cannot make good at financial accounting because these are the basics of financial accounting like the English language, the alphabets are the basic which you have to know about if you want to learn English. without learning alphabets you can’t learn English. Same way without knowing basic terminologies you can’t record a single business financial transaction in the accounting books of the business.
Chapter No. 2 – Theory Base of Accounting -Unimax Publications Class 11 – 2021
Question wise solution of the all Questions of Chapter No. 2 – Theory Base of Accounting -Unimax Publications Class 11 – 2021