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In this video, I have explained Basic Terms in Accounting for Class 11 Accountancy in simple and easy language with examples. This lecture covers important accounting terms like Assets, Liabilities, Capital, Drawings, Revenue, Expenses, Profit, Loss, Debtors, Creditors, and Entity concept. This video is helpful for Class 11 students, beginners in accounting, and commerce students who want to understand accounting basics clearly. You will learn: 1. Meaning of transaction in accounting 2. What are assets and liabilities with examples 3. Difference between profit and gain 4. Meaning of debtors and creditors 5. Explanation of capital and drawings 6. Current and non-current assets and liabilities This video is useful for: 📘 Class 11 Commerce students 📘 Beginners in Accounting 📘 Students preparing for school exams 📘 Students who want clear understanding of accounting basics My aim is to make Accountancy and Commerce subjects simple, clear and easy to understand with practical examples. 🔔 Subscribe to Sahni Commerce Point for: ✔ Class 11 Accountancy full course ✔ Concept clarity with simple explanation ✔ Exam-oriented preparation ✔ Short revision notes ✔ Regular uploads