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👉Previous Video: • Difference Between Accrual Basis & Cash Ba... 👉Next Video: • Bases of Accounting - Multiple Choice Ques... ======================================================= ✔️📚👉 Watch Full Free Course Videos: https://www.magnetbrains.com ✔️📚👉 Grab E-book & E-Notes by Expert Teachers Here: https://www.magnetbrains.com/notes ====================================================== 📢 Full Playlist Link: • Class 11 Accountancy (By Ambika Ma'am) | C... ✅ In this video, ✔️ Class: 11th ✔️ Subject: Accountancy ✔️ Chapter: Bases of Accounting (Chapter 4) ✔️ Topic Name: Exercise ✔️ Topics Covered In This Video (by Ambika Ma'am): In this captivating video, Ma'am guides you through the fascinating realm of Class 11th accountancy, focusing on the topic of "Exercise" within Chapter 4 Bases of Accounting, Standards. Dive deep into the captivating world of accountancy as we explore key concepts essential for success in your studies. Join us as we simplify complex topics and make learning fun and engaging for all Class 11th students ======================================================= 00:00 Introduction - Bases of Accounting - Exercise 02:08 Exercise - Que. 1 During the financial year 2022-23, Mohan had cash sales of 90,000 and credit sales of ₹60,000. His expenses for the year were 70,000 out of which ₹30,000 is still to be paid. Find out Mohan's income for 2022-23 following the Cash Basis of Accounting. 07:54 Exercise - Que. 2 During the financial year 2022-23, Mohan had cash sales of ₹90,000 and credit sales of ₹60,000. His expenses for the year were 70,000 out of which ₹30,000 is still to be paid. Find out the net income according to Accrual Basis of Accounting. 11:00 Exercise - Que. 3 Vijay, a consultant, during the financial year 2022-23 earned ₹4,00,000. Out of which he received €3,50,000. He incurred an expense of ₹1,70,000, out of which €40,000 are outstanding. He also received consultancy fee relating to previous year 45,000 and also paid 20,000 expenses of last year. You are required to determine his income for the year if (i) He follows Cash Basis of Accounting, and (ii) He follows Accrual Basis of Accounting. 20:09 Website Overview ======================================================= Why study from Magnet Brains? Magnet Brains is an online education platform that helps to gives you NCERT/CBSE curriculum-based full courses free from Kindergarten to Class 12th so that you can perform well in any and all exams you give in your academic career. 👉 Contact us 🤑🤑 ➡️ Connect with us: support@magnetbrains.com ➡️ Website: https://www.magnetbrains.com/ ➡️ Subscribe to us on YouTube: / @magnetbrainseducation ➡️ Subscribe to Magnet Brains Hindi Medium: / @magnetbrainshindimedium ➡️ Facebook:- https://www.magnetbrains.com/out/face... ➡️ Telegram:- https://www.magnetbrains.com/out/tele... ➡️ Instagram:- https://www.magnetbrains.com/out/inst... #magnetbrains #accountancy #class11 #accounts #accountancyclass11 #cbse #ncert #accountancy #chapter4 #accounting #accounts #cbse2024 bases of accounting exercise class 11 accountancy chapter 4 solutions bases of accounting exercise solutions class 11 accountancy chapter 4 questions class 11 accounts chapter 4 bases of accounting class 11 accounts chapter 4 journal exercise solutions chapter 4 bases of accounting class 11 accountancy class 11 chapter 4 class 11 chapter 4 accountancy process and basis of accounting class 11 Disclaimer: "This video is for educational and informational purposes only and is not intended to infringe on any copyrights. If you believe that this video has used any copyrighted material in a way that constitutes copyright infringement, please contact us at support@magnetbrains.com and we will take appropriate action."