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📘 Accounting Concepts (Part 1) | Class 11th Accounts | In this video, we start with the most important foundation of Accountancy – Accounting Concepts. Without these, accounting has no meaning! 👉 In Part 1, we will cover 6 fundamental concepts in detail with easy explanations and examples: 00:00 Introduction 00:54 Going Concern Concept 04:00 Consistency Concept 05:33 Accrual Concept 07:42 Business Entity Concept 09:42 Money Measurement Concept 11:17 Accounting Period Concept 💡 These concepts form the backbone of accounting and are a must for Class 11 Accounts students, especially for building clarity for future chapters and Board exams ✨ By the end of this video, you will understand why these principles are followed, how they are applied, and their importance in real business situations. 🔔 Don’t forget to subscribe to “Accountancy by Divyank J” for more easy and exam-focused lessons on Class 11 & 12 Accounts. 📌 Watch more helpful Class 11 videos here: 👉 Accounting Terms: [link] 👉 Accounting Equation: [link] 👉 Accounting Process: [link] #AccountsClass11 #AccountingConcepts #AccountancyByDivyankJ