Accounting is like the language of business—it helps us keep track of money, understand profits, and make smart decisions. From recording transactions to preparing financial reports, it’s all about organizing and analyzing numbers. This chapter introduces you to the basics of accounting, its purpose, and why it’s so important in the world of business. Let’s dive in and see how it all works!
NCERT Solutions for Class 11 Accountancy Part 1 Financial Accounting PDF Download