Basic Concept of Accounting By Saheb Academy - Class 11 / B.COM / CA Foundation

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Күн бұрын

In this video I have explained the basic concept of accounting in a simple way and this is especially for science background students.
Here I have explained
⏱TIMESTAMPS
0:00 - Intro
0:12 - What is Accountancy?
3:03 - Accounting Process
5:06 - 5 Elements of Financial Statements
6:13 - Asset?
8:34 - Expense?
10:38 - Liability?
12:58 - Equity or Capital?
16:38 - Revenue?
17:44 - Practical Example
24:41 - What is Double Entry System?
28:47 - Debit and Credit Balances
This is for the students of CLASS 11, B.COM, BBA, CA INTER, CMA and any other accounting courses.
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#Accountancy #FinancialAccounting #Class11

Пікірлер: 2 700

@SahebAcademy 3 жыл бұрын

⏱TIMESTAMPS 0:00 - Intro 0:12 - What is Accountancy? 3:03 - Accounting Process 5:06 - 5 Elements of Financial Statements 6:13 - Asset? 8:34 - Expense? 10:38 - Liability? 12:58 - Equity or Capital? 16:38 - Revenue? 17:44 - Practical Example 24:41 - What is Double Entry System? 28:47 - Debit and Credit Balances

@yoyohoneysinghemiway6168 3 жыл бұрын

Where is trading account and profit and loss account

@piyushg4u 3 жыл бұрын

Use more hindi please.. While explaining.. Not terms in hindi

@snap19 3 жыл бұрын

You're so kind to do all this for us....🥰

@sapnascreativeworld 3 жыл бұрын

Well explained... Thanks for sharing..

@lakshmip.s.6959 3 жыл бұрын

Clear explanation

@behappy1644 3 жыл бұрын

Man!! Who are you my son. What a teaching. Amazing!! I am 34 yrs and a mother of 2 kids. I am basically a Bcom student 2007 passed out. I don't have knowledge in accounts. But I really wanted to be an accountant. So far my hope on myself is dead. To be very frank, ur video rocks, now I have gutts hope to face the world as an accountant... Thank you so much son. Stay blessed 🙏

@PankajKumar-yo8eq 2 жыл бұрын

Lol 😂

@whiteguy6978 2 жыл бұрын

😂😂😂

@SubhashDoddi 2 жыл бұрын

Your teaching is really amazing.... Thank you for your great efforts

@douma1131 2 жыл бұрын

🤣😂😂😂😂

@preetidodeja5999 2 жыл бұрын

Same here

@shabrozkhan8076 3 жыл бұрын

An engineer who is doing MBA in finance can understand the importance of this video... Amazing keep on updating ❤️

@cathycathy6429 3 жыл бұрын

From where are U doing MBA in finance ..which college?

@aidasyahidahizzudin6525 3 жыл бұрын

Yes. I agree with you. I am a MBA student as well. Nice to meet you! I am from Indonesia

@hebao_maria4246 2 жыл бұрын

I can relate 🥲as a pharmacist doing MBA

@manojbaria6328 2 жыл бұрын

Even in M.Tech in Civil, we have subject construction finance and accounting. And this is indeed very helpful to understand.

@ramshipayyoli346 2 жыл бұрын

@@hebao_maria4246 where

@sujansubedi3832 2 жыл бұрын

I did my Master's in Professional Accounting, but never got to see a teacher like you before. Hats off to your effort man. You deserve more, Keep educating people.

@vidyakulkarni6311 2 жыл бұрын

Yes .

@surajruchal4199 2 жыл бұрын

Exactly, clear and to the point.👍

@nirmalphotography414 Жыл бұрын

Yes of course. Wonderful teacher .

@bhavyajain336 Жыл бұрын

vo course kara hai toh yaha kiya hai toh yaha kyo aayo ho

@itzmeerkashmiriofficial0786 8 ай бұрын

@@vidyakulkarni6311😊😅😅😅😅😅😅😅

@shAdow_s0vEreiGn 10 ай бұрын

All you have explained and taught about the basic accounting for only 30 mins are the things I've learned for a whole semester back in my college days. Awesome

@amandap4545 2 жыл бұрын

I took accounting classes, and work in accounting and didnt even fully understand. This is wayyy better than any teacher I have ever had. Amazing conent and teachings! 👏👏

@shayak20 9 ай бұрын

You should definitely be awarded the title of 'Best Educator' on the whole Indian YT domain... with such simplistic resources, but super-premium content...!!! Absolutely outstanding... I repeat, on the whole Indian YT domain...!!! Accept my respect.. 🙏🙏🙏

@esmaelmohamed8209 11 ай бұрын

No one teach like Indian people, They are Inborn and polite. Excellent

@ivorysuasula8273 2 жыл бұрын

Before I understand nothing about accounting, now I love to know more accounting, his explanation is all I need.

@con-fusion3913 3 жыл бұрын

The dislikes are from the teachers who can't teach like him lol. Edit: oh god the likes

@shalinireddy8168 3 жыл бұрын

Yes ur right

@bharathipatel3136 3 жыл бұрын

😂😂

@yohannesgulilat4986 3 жыл бұрын

PERFECT!!!

@taniasen 3 жыл бұрын

Hahaha well said bro..

@Queenpower03 3 жыл бұрын

Definitely yess😂😂

@peteraaron6714 Жыл бұрын

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Lucy Mary Liam

@hamlucas2467 Жыл бұрын

Wow I'm just shocked someone mentioned expert Mrs Lucy Mary Liam I thought I'm the only one trading with her

@bensonarmstrong7287 Жыл бұрын

@@hamlucas2467 You don't need to be shocked I'm also a huge beneficiary of her trading, she has been handling my account for months now

@isrealalter5313 Жыл бұрын

I remember starting this journey with half BTC but in 14 months I have made 17.8 BTC form days and swing trading with expert Mrs Lucy Mary Liam.

@CelestineGatley Жыл бұрын

Ever since I lost my job with the ministry I have been surviving through my investment with Mrs Lucy Mary Liam, I'm so glad I invested when I did

@jordanmorris9663 Жыл бұрын

I met her in a conference in Washington DC and after her speech I was opportune to meet her and I started investing, I'm happy today because of expert Mrs Lucy Mary Liam

@deboraharyeetey7785 2 жыл бұрын

OMG, we need more lecturers like you. You made everything seem so simple and very comprehensible, in fact after every lecture in class I'll just come to your channel for better understanding. This was so simple and I have been stressing my head out.thank you very much

@ayantusisay9009 Жыл бұрын

You are such amazing instructor thank you! I would like to say continue! & Educate generations.

@iqraakram6898 3 жыл бұрын

Your way of explaining is far better than our grumpy tutors who never clarifies basic termnologies.

@deathstrke622 3 жыл бұрын

Real Bro

@strn1234 3 жыл бұрын

Thank you so much for doing this. You don't know how much I needed this. Have a wonderful day!

@williamduncan7401 2 жыл бұрын

Why do you want basic terms being clarified? Instead of wasting valuable time, you can just spend your extra 10 seconds looking it up. Dictionaies, encyclopedias and so on do exist in this century. I do not need a 30-minute video explaining what the most basic terms mean! I can check this out with a simple search! Show me how it works instead!

@emilypapillon 2 жыл бұрын

Exaclty!!

@vsk_bts 2 жыл бұрын

Lol 😆 ... that's the bitter truth

@ezekiela.ckoroma9490 7 ай бұрын

Ive just listen to 7 minutes of your video and im already amazed how simple and understandable you're making these things to be. God bless you man

@leslierevi8318 2 жыл бұрын

After going through so many videos in learning Accounting, your basic tutorial can be considered as one of the best videos I've come across...........

@catch_me_if_you_can_1 2 жыл бұрын

You are my teacher who teaches me without fees ❤️

@carguy1013 Жыл бұрын

Your views and likes are the fee's you pay him

@carguy1013 Жыл бұрын

The advertisments you watch on his videos are your fees

@Santhosh.21_ Жыл бұрын

@@carguy1013 so? Its better than fucking actors

@Santhosh.21_ Жыл бұрын

@@carguy1013 always complaining about who teach bro i paid more than 3 lakh for college and 11 th and 12 th so what

@kumararyan7540 Жыл бұрын

@@Santhosh.21_ i paid 33 lakh! so what?

@punittube 3 жыл бұрын

I have been confused with this basics for 4 years, yeah 4 years but thankfully i found this. Video and have cleared my doubts. Thank you 🙏

@ajaymundhe__ 2 жыл бұрын

I'm from science background! And you have explain in an incredible way man! Especially your presentation skill is so unique!❤

@Bhumika-xo1vy Жыл бұрын

Hey!🙋🏻‍♀️Even I'm from science stream. If you're currently studying Business Administration, can you please tell me the major focusable concept for the beginning year?

@nimmyvp Жыл бұрын

I am student of ninth and i was curious about accountancy, this is my first time watching about accountancy and it is crystal clear. thanks

@TuanTran-dq8ov Жыл бұрын

Wow....the best accounting lecture I ever learned compared with other online sources. The instructor is very thorough, meticulous, and methodical. Half way through this lesson I immediately hit the Subscribe button knowing for sure I will come back learn more and it's way more effective than reading accounting books...thank you so much for all your effort!

@yashmjain95 3 жыл бұрын

This was a great video. I am from science background and never understood really the credit debit nomenclature for various elements. Now it is a bit clear. Thank you!

@preciousannesanchez4483 3 жыл бұрын

I love how you explained it smoothly! If my previous professors taught basic accounting this way, I would have understood it better 💗

@Jmx9911 3 жыл бұрын

I agree 🥲

@jonathaneya8953 Жыл бұрын

@@Jmx9911 aooo

@chirazbeldjoudi5384 7 ай бұрын

i had some difficulties understanding the credit and debit concept but with this video i finally understood!!! im so satisfied, i wish all the best for this teacher.

@Bright_Phiri Жыл бұрын

You are amazing teacher.🤗❤️ Thank you for helping me grasp accounting concepts. They appeared difficult to comprehend not until I started watching your videos. I will always use you as I reference point in my success of accounts.

@bhoomika_kashyap 3 жыл бұрын

You're the best accounts teacher I've come across. I'm a science student doing bcom now. I was feeling really difficult with accountancy. I didn't even know the basics. You're videos are helping me a lot. Thank you soo soo much ❤️

@AnmolMishra946 3 жыл бұрын

I am also a science student going to do BBA is it going to be difficult? Or should I go on with engineering?

@gauravrmisar 3 жыл бұрын

U r not alone 😎

@thorshafeeq 3 жыл бұрын

Yes, he is a very good teacher i also got everything.

@priyankaghosh2948 2 жыл бұрын

Is it possible that one had science stream in 10+2 and pursue a b.com degree in college?

@AmitKumar-so5mw 2 жыл бұрын

Where are you preparing your other subjects of bcom from yt.

@satyanarayanamurthy3914 3 жыл бұрын

Very many thanks for the way you explained the concepts crystal clearly-- easy to understand and remember. I studied the basics 48 years ago. I watched the video just for timepass. The video is really interesting and absorbing even for senior citizens like me (63+) May the Almighty shower His choicest blessings upon you! BS Murthy, Hyderabad.

@SahebAcademy 3 жыл бұрын

Thanks a lot for your comment...It means a lot to me☺️

@dadatamoja6859 Жыл бұрын

Thanks mate, i wish you all the best and to teach us more and long, the world needs teachers like you!

@siphoncube6835 Жыл бұрын

This is very helpful, especially for someone like me who has a science background. The basic definitions now make much sense to me. U have my gratitude.

@sarweshware 3 жыл бұрын

I don't attend classes in the present due to situations..but interest in me to study grows more and more with your teachings. Thank you so much sir

@samirshaikh4570 3 жыл бұрын

Even my Account teacher has never explained me like this i've got understand every single thing that has been explained by you so thanks :)

@Vickphillips Жыл бұрын

Omg this video is so explanatory you deserve an award!!! Thank you for the amazing videos you make

@gsiyoum 2 жыл бұрын

I really appreciated the teaching methodology that was conducted via short and brief short notes. Thanks a lot!

@olorunfemibernard8855 2 жыл бұрын

You just explained a full textbook within 33mins. Bravo to you. I have subscribed to your channel 😘

@umakanwar 3 жыл бұрын

The best video. When we have complete knowledge of something, we teach our best. You are perfect. You are the best. By listening only once I am able to understand. Thank you.

@gulmirashermatova5304 Жыл бұрын

Simply “Bravo”, am amazed how you are explaining the whole accounting, Keep up the GREAT JOB!

@vaishalisharma8561 Жыл бұрын

Everything explained so well that anybody could understand it in one go. Great job need some more knowledgeable sessions. You taught us in a best way. I really wants to learn more from you 👏👏

@fridahwanjiku7139 2 жыл бұрын

So refreshing to get such information. You are a great instructor. Thank you

@sudarsanbala415 3 жыл бұрын

One of the best tutors of accounts in KZfaq. Thank you for neat explaining & best wishes for ur future. I subscribed to this channel for ur clear explanation.

@pratikshamore7329 Жыл бұрын

Oh god! The way you cleared all the concepts. Damn!!! You're the only one because of whom I'm going to pass my exam tomorrow. I really appreciate your skills 👍👍

@gayanmadusanka5230 9 ай бұрын

This is the best explanation I have ever heard on the accounting procedure. You are a gifted guy. People should celebrate you

@prabodhamadhubhashini3556 3 жыл бұрын

Thank you so much for teaching this in a way that a beginner can understand. I am so happy that I found this channel finally 💓💐

@swarupabalaram8192 3 жыл бұрын

Your way of teaching is neat and clear ,thank you 😊

@BananaHannaah 7 ай бұрын

Youre the best i needed a refresh to my memory because i have an interview for my first accounting job and needed this

@SahebAcademy 7 ай бұрын

All the best for your interview 😊👍🏼

@suneetavagiri4422 2 жыл бұрын

Just great Teacher. The way u explained Just fantastic. Thank you is small word. God Bless YOU with HIS ABUNDANT KNOWLEDGE.

@varabondo0243 2 жыл бұрын

Extraordinary presentation..... I have learnt this in 11th and 12 th standard.... Once again i have recollected after 7yrs..... Thanks so much 👍

@omranashingab1377 3 жыл бұрын

Simply beautiful way to explain something. Really Impressed, I am an entrepreneur and accounting was needed to be understood because of startup requirement. Got it cleared in 40 mins. Those cards really do the magic.

@mzbee1021 2 жыл бұрын

Idk how you did it but this has been THEEEEE most helpful video i finally feel like i understand the debits and credits. ive been going crazy trying to wrap my head around it. Now i feel like i can pass my course! Thank You!!

@wesleypeter8727 2 жыл бұрын

You've shown me that teaching is an art♥️ Unfortunately i didn't have a teacher like you., I might've be a good in accounts 😥♥️ greatest job bro., Thank you soo much for being there and demonstrate all the barriers on accounting i had😍🤗

@Aurora-ut1um 3 жыл бұрын

i'm a STEM/science student for like the whole 6 years of my highschool life and my dream is to be an accountant. It means a lot that there are tutorial videos especially dedicated for ppl like me who really wants to take Accountancy despite the lack of background to it. It was very well explained compared to the other vids i have found early. I hope i could take this course and do well in it! *fingers crossed* TT

@williamduncan7401 2 жыл бұрын

If you want to be an accountant, I don't think you can rely on KZfaq videos. In my opinion, you don't need any background either. As far as I understand, the job is straightforward, but just as a lawyer, you need to keep up with the latest regulations, practices, etc. which is something that many entrepreneurs just don't have the time to do, hence hire an accountant.

@nats122 2 жыл бұрын

You able to explain accounting like you were born with the knowledge of accounting, you are amazing bro 👏🙌

@Jintianchiyu Жыл бұрын

Amazing…… So clear and have a quite good explanation logic flow. It is very hard for people to explain terminology in an easy way to beginners, but you made it

@MR.Loki_2.0 2 жыл бұрын

Nobody can teach like you as clearly and easily.

@anupamtopno1250 2 жыл бұрын

I am so lucky to have such a good teacher like you. Your teaching skill is amazing

@shellyannhenry3833 3 жыл бұрын

Wow, such clarity!! Thank you so much for your help!

@francischinyozi7667 Жыл бұрын

You're simply the best lecturer any accounting student would want to learn from

@ganesankothandan1972 Жыл бұрын

Amazing. Though I taught Accounting for many years, today I got to know the new (revised) definitions of the basic concepts . Wonderful teaching. All the best.

@JkJKHTK 4 жыл бұрын

Thanks a lot. I have this in grade 10 and I had difficulty understanding this. U helped me.

@purvikaanand3194 2 жыл бұрын

Dude! This was lovely.✨🖖🖤✨ You're very good at this. Cheers! - Purvika Anand

@arthursassociatesbze2475 Жыл бұрын

It's very much for the Arts based student too. Thank you so much for your clarity, effort and time. Deeply appreciate coming across your channel. 🌻

@bladotsky5526 Жыл бұрын

Share other links too pls

@MuhammadAbdullah-ue8jo 2 жыл бұрын

Excellent explanations about the basics of Accounting thank you brother you are doing great job May Allah Bless you with all his blessings Ameen.

@madhumitapanika 3 жыл бұрын

Hey there !! Thank you so much ....I was really in need of something like this....you made my concept so clear thanks .... your way of teaching is so professional...I literally admire it 👍🏻

@anjalanazreelibrahim6752 3 жыл бұрын

Very helpful, I'm science based, now trying for CMA, your classes are just like blessings, thank you so much

@valenteantonioruiz1084 2 жыл бұрын

Love it. Very excellent presentation of the very basic concept of accounting. It's well explained & all tackled from Definition, the Process & the Elements of the Financial Statements. It's a must to know & to understand the Basics of Accounting.

@babaluqmaan1328 2 жыл бұрын

I understood everything in one go 😎 like seriously I am seeing your channel’s video for the first time and the way you explain is simply superb 🤯and I have never subscribed to any educational channel until now but after seeing this video I realised that u really deserve it……👏👏👏 Amazing work and I would seriously recommend this 👈channel for my friends too 🤗

@pranitachettri5405 3 жыл бұрын

Thnk you sir .. Your teaching skills is so Rewarding ... I really need this video ... I am coming from arts background but I want to make my career in accounting and finance ..❤️❤️ Lots of love from darjeeling ❤️❤️

@nsdisha311 2 жыл бұрын

Hi can u put me your phone number iam also need a drawing plz akkei

@bhumivlogs23 2 жыл бұрын

Hello mam I am tried to speak in English please tell me how to speak fluent English please

@dkshyam3023 3 жыл бұрын

After a decade I got a teacher as like my wish...if you would be teacher of mine in our college..then I can score above 99%...thank you so much as you explained it very well 😊

@ani214 2 жыл бұрын

Too good and very simple. I wish the teachers had this way of explanation. Keep it up 👍🏼

@prateekjaggi8605 2 жыл бұрын

Sir, you’re a saviour! What an explanation! THANK YOU SO MUCH FOR YOUR EFFORTS. Teachers are god, indeed☀️🙏🏻❤️

@firasalmeshari4851 3 жыл бұрын

This guy could explain our existence in a simple way that even a crazy person might understand.

@59.rekhatepritiprabhakar84 3 жыл бұрын

1st time itna axcha tutorial mila hai youtube pr...jisme bore bhi nhi hua😍😍😍aud sab smz mai bhi aaya...thnk u so much sir....huge respect

@SahebAcademy 3 жыл бұрын

😊👍🏼

@listner_musthak6361 3 жыл бұрын

Hah a😂😂

@YathishYYathish 3 жыл бұрын

@muneebbacha9244 Жыл бұрын

i have never ever scene like this type of teaching, and we are more expecting from you like these types of courses.

@purnimasonlinecollection4041 2 жыл бұрын

Till now i didnt find this type of video. Ur rocking. Just amazing👌👌

@rohinir5059 3 жыл бұрын

Never saw this much clarity in explanation thanks a lot sir i am grateful for this video and learnt a lot thanks a ton sir 😊

@MonsurChowdhury2 2 жыл бұрын

Currently, I am in canada. You are explaining well than my professor here and yeh I've switched from science so these things are new to me. Thanks for making it easy. Regards

@sushovita3842 2 жыл бұрын

i am a student of pcb...but thinking to do bcom ....a little weak in maths and dont know abt accounting .....should i go for it....please help

@saitama4410 Жыл бұрын

@@sushovita3842 Yes, Accounting requires basic maths, not too complicated to learn. Go for it.

@alliswell3613 3 ай бұрын

Thanks a lot bro I had looked video like this before I came here and I became v happy when I here that this video is specially for science student

@rasmitatripathi358 Жыл бұрын

After a along time i was looking for the concept of accounting. And i felt its very easy to understand the way you are explaining. For everyone its really very easy to grasp very quickly. Thank you so much Sir....

@hariharen5784 3 жыл бұрын

Hi, just came across this video..I was amazed.No words to describe.Even the slow learners can understand easily... Continue your good work.

@kiritupadhyay5457 3 жыл бұрын

I am sr citizen, b. A. Graduate. I want learn accounting from basic in current idle time. Your method of explaining is very good. Your English is also very simple to understand. This is my first attempt on KZfaq to learn accounting. Thank you so much sir.

@Fouji_pb19 5 ай бұрын

i didn't understand accounting basics in my 2 hours of lecture by a college professor but you teaches me in 30 minutes only, i really appreciate it . thanks man

@DuolPuokMakuei 4 күн бұрын

Much appreciated to this academy,,,,,,,you feed whole world students with reality as well as how to apply accounting knowledge in real situations of work.

@peace5684 3 жыл бұрын

Love how you explain so much better than tutors online. Glad I come to your channel 👏

@raniraonivi6787 3 жыл бұрын

Me too glad to came

@soorajm7557 2 жыл бұрын

Very good classe

@nishtha5062 2 жыл бұрын

I have an interview soon and my brain was completely blank but this was extremely helpful in bringing out everything that was buried deep. Thank you so much :)

@BolaAkandeJourneywithbola Жыл бұрын

Thanks for breaking it down, bit by bit...brilliant trainer!

@shajithomas3267 8 күн бұрын

Amazing man !!!! What an indepth knowledge you possess.... Hats off !!!!

@bilalayubbhatti9641 2 жыл бұрын

Authentic, precise and understandable lecture I've ever had!

@mayannsarmiento1029 3 жыл бұрын

Your explanation is amazing! Thank you, I love the analogy, very simple but you can understand right away

@riteshsahay3517 Жыл бұрын

It's Amazing.. Very Clearly and smoothly explained .. Hats off.. Although being an experienced Finance Professional, I have also learnt a lot from this video..

@mintkitty777 Жыл бұрын

Woah!! For the first time I'm understanding itt.. this is way better than my teacher teaching..

@ethereal946 3 жыл бұрын

Thank you for not using hindi and using a more universal language instead.❤️

@user-jc1so1ud8o 2 ай бұрын

What is problem with hindi

@Gupta-b7c 23 күн бұрын

@@user-jc1so1ud8o even I don't understand hindi completely why bcz my surrounding people are speaking in my mother tongue n few are in English

@gurimannan6288 3 жыл бұрын

Sir when I see ur video I feel much relief ...ur videos are excellent ......😘😘I have no words to explain

@SahebAcademy 3 жыл бұрын

Thanks 😊👍🏼

@nilushafernando1310 9 ай бұрын

Wow, this is amazing, I know nothing about accounting. I have a test tomorrow.... You are saving. Thankyou

@nopnop6274 10 ай бұрын

Excellent explanation!! 🥇🏆😎👍🏻 I was able to easily grasp and comprehend. Very well made!

@_nishantj_ 3 жыл бұрын

May god bless you for doing such a noble work.

@bijamenon4043 3 жыл бұрын

Thanks a load! It's really worth watching. Awesome explanation 🙏 Can u pls post a video about how to calculate Depreciation for IT & ROC, from the scratch

@saedyusuf3521 2 ай бұрын

Very smart teacher, you given us for free and I understood more than my teachers. Many thanks dear teacher.

@deninedeal5481 2 жыл бұрын

I learned more from this video than I did in 8 weeks of my graduate-level accounting course...I actually enjoyed learning about accounting listening to you. Thanks so much and keep up the great videos!

@crazyboy3430 3 жыл бұрын

Sir your explanation is far better than any of my tutors 👍👍keep up the good work of uploading

@shrishtivishwakarma7638 3 жыл бұрын

Such a wonderful explanation ❤....I wish that every teacher teaches like uhh....like the way uhh explain 😍❤as well as the way uhh pronounce.....AMAZING...TEACHER❤👍

@manasas6267 2 жыл бұрын

Really appreciate it the way of explaining and we understand clearly..thank you so much sir...