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======= 00:00 Introduction to Accounting Introduction: Explanation 01:47 Characteristics / Attributes / Process of Accounting 23:10 Meaning and Definition of Accounting 24:54 Uses of Accounting Information 34:28 Branches of Accounts 37:01 Bookkeeping V/S Accounting 46:30 Accounting and Accountancy 49:02 Quantitative Characteristics of Accounting Information 55:08 Objective of Accounting 57:39 Function of Accounting 59:18 Advantages of Accounting 01:06:41 Limitations of Accounting 01:12:51 Is Accounting an Art or Science ? 01:14:45 Role of Accounting in Business 01:16:26 Accounting Information 01:18:25 Types of Accounting Information 01:20:39 System of Accounting 01:24:02 Website Overview
Hey there! We're so happy you're enjoying our videos and that they're helping you out in school! Keep up the good work and we'll keep pumping out the content!
You should definitely study prefer magnet brains for your better understanding. For 2 years i.e., 11 & 12th , I studied everything from magnet brains from Aditi Mam one one the best accounts teacher.
Thank you for watching our educational videos! We hope that you found them helpful and informative. If you are a class 11 student in 2023-2024, we wish you all the best in your studies!
Thank you so much for your positive feedback! We're glad you're enjoying our videos and that they're helping you with your studies. We'll keep working hard to produce quality content that you can learn from and enjoy.
Very informative and helpful lecture mam in very easy way :)) I -Indentification of F T Am - Measuring the F T Ranchoddas - Recording Chanchad - Classification Shimla - Summarizing Aaya - Analysis Chatur - Communicating
Mam can we say that ,accounting is an art of identifying of financial and business transactions,measuring of identified transactions, recording,classifying, summarizing, analyzing and communicating of the financial transactions and events
We're so happy to hear that you're already looking forward to studying the subject matter in our videos! We hope that you find them helpful and informative.
Accounting is an art of recording, classifying and summarising in a significant manner in term of money transaction and events which are inpart atleast in a financial character and interpreting their result off
Ma'am cash to bahot important h pr aapki smile bhi..... Aap pdate hue bahot serious hoo jate hoo agar smile krke pdaooge to mza aayega. Hope for your good health.. 😋❤️
Thanks maam just completed my boards of class 10 I aspire to become an entrepreneur and graduate by iims i have so much of time this month so this is just a chocolate for a child thanks maam everything was well detailed and explained to at its extent thankyou maam once again
We're glad that you enjoyed the explanation! We hope that our videos are helping you in your learning journey. Please let us know if there's anything else we can do to help. Thank you for your support!
Accounting is an art of recording, classifying and summarising in a significant manner and in terms of money 🤑 transaction and events which are in part at least of a financial character and interpreting the results thereof
Accounting it is a systamatic process of identifying, measuring, recording, classifying, Summerising, interpreting and Communating all the financial informations in a systamatic manner.
Congratulations on your admission! We are so excited for you to start the new chapter of your life. We hope you enjoy the educational videos we have to offer and that they help you succeed in your classes. Welcome to the school!
Hello ma'am l am doing bba iits my 1sem but and l have 'nt commerce stream in class 12th and l am watching this video today to clear my basics .you are very soft spoken .l loved your voice and also you teach very well 💗 l understand this chapter very well .
Thank you so much for your kind words! We are glad that you are enjoying our educational videos. We are always striving to provide the best educational content to our students. If you have any feedback or suggestions, we would love to hear them. Thanks again for your support!
Thank you so much for the kind words! We are so glad that you are enjoying our videos and finding them helpful. We hope to continue providing quality educational content that is of benefit to you.
I am in class 10th and I am confused in science or commerce, but after watching this video, I think I am interested in commerce. So please students of commerce, do tell me that how your studies are going and are you regrating or satisfied with commerce?? Is there any scope in commerce?? Please answer my all questions I am your younger brother, I need your help!!
hi all, i am also a commerce student and doing PHD in commerce to study the subject in dept but what I realised is that the knowledge of commerce is required in every field either you are a teacher, doctor, engineer etc. See commerce is a very practical subject which is based on real events so if you take it like that i think when you start working in any field you would know how you need to utilise your hard earned money.. and yes there is a lot of scope in commerce but you have to figure out what fascinates you more..
Its really good to study from here as we are newbie in commerce we should understand all the basic concepts to be fire in 12 class.. thank you magnet brains 🦋✨ your way of teaching is so helpful and intresting also ✨
one doubt- production loss due to labour strike can also be measured in terms of money as it can be the value or money value that could be gained by sellling the dhokla but couldn't due to labour strike. so that average value can be counted as loss thus monetary.
Objective of accounting 1.maintaining accounting records 2.determining profit or loss 3.determining financial position 4.facilitating manegement 5.provide accounting information to users 6.protecting business assets I hope this is useful to you..😊😊
Thank you for watching our videos! We're glad you found them helpful in understanding the objectives of accounting. We hope you'll continue to watch and learn from our videos.
Thank you for your positive feedback! We're glad you found our videos interesting and easy to understand. We hope you continue to learn and grow with our videos!
Thank you mam . It was my first lecture of accounting and accountancy well mam you tried your best to tell us..... This free education has value. Which I will try to respect it. And grab as much as possible. . . Thank you again
Thank you so much for your kind words! We're so happy to hear that our videos are helping you prepare for your tests. Best of luck on your upcoming exam!
Thank you very much ma'am! I am from science background and have been working in industry for 20 yrs now. Recently started my MBA and was not able to understand the accountancy (ing), as a subject. But your approach has been helping me tremendously! Highly recommend!😇
Mam there is a mistake in users of accounting information you wrote employees and workers as internal users but in TS Grewal employees and workers is written under external users
When I watch the lecture I got a feeling like I have learnt everything but when I read the whole chapter i come to know sirf uper uper se padhaya h !! 🙂
Please increase a little bit of your teaching speed and don't give partial information provide appropriate amount of knowledge to let us away from doubt humble request to you
Accounting is an art of ÷ 1) Identifying the financial transcation and events 2) Measuring the transcation and events in terms of money 3)Recording like journal ,cash book,sales book,purchase book 4)classifying like leadger 5) summarsing 6)Analyse 7) Intrepretation 8) communicating the information to its users internal as well as external users
Hey there! We're so happy you're enjoying our videos and we hope they're helping you out. Keep up the good work and we'll keep pumping out content to help you guys succeed.
✔️📚👉 Grab Notes by Expert Teachers Here: www.pabbly.com/out/magnet-brains
✔️📚👉Get any subject playlist here:- www.magnetbrains.com/get-subject-wise-playlist
✔️📚👉Get any class & subject's topic Video here:- www.magnetbrains.com/get-topic-wise-video
✔️📚👉 Watch Full Free Course: www.magnetbrains.com
Hlo
Maam one question can a arts student do bcom after 12th arts without maths
Hlo
Mam is chapter ke question answer kha hai
Mam 1 ka 2 record ayaga because it is the business
Batch of 24-25 .
Attendance
👇🏻
💀😅
😅
😅
Free notes, classes and quizzes here
Me also😂😂
=======
00:00 Introduction to Accounting Introduction: Explanation
01:47 Characteristics / Attributes / Process of Accounting
23:10 Meaning and Definition of Accounting
24:54 Uses of Accounting Information
34:28 Branches of Accounts
37:01 Bookkeeping V/S Accounting
46:30 Accounting and Accountancy
49:02 Quantitative Characteristics of Accounting Information
55:08 Objective of Accounting
57:39 Function of Accounting
59:18 Advantages of Accounting
01:06:41 Limitations of Accounting
01:12:51 Is Accounting an Art or Science ?
01:14:45 Role of Accounting in Business
01:16:26 Accounting Information
01:18:25 Types of Accounting Information
01:20:39 System of Accounting
01:24:02 Website Overview
kb se yahi dekh mil gya thanks ❤
Thank you❤
Who is coming here to study before the results of boards!
I amm
Bilkul
Me
meh 🌝🎈
mai 🖐🖐🖐🖐
Batch 23-24 fresh attendance
Edit- mai toh like lene aaya tha😂
Hey there! We're so happy you're enjoying our videos and that they're helping you out in school! Keep up the good work and we'll keep pumping out the content!
❤😊
❤😊
I'm here
Us
Just came here after my 10th Boards .....This video will definitely help me a lot ! Thanks Magnet Brains.
Me to
You should definitely study prefer magnet brains for your better understanding. For 2 years i.e., 11 & 12th , I studied everything from magnet brains from Aditi Mam one one the best accounts teacher.
@@AryanSharma-ij6tq thanks for letting me know!
@@AryanSharma-ij6tq plz tell me it is necessary to taking offline coaching after this??
Same to you 😂🥺
A teacher like her is a blessing
Yes she forces us to watch movie
@@anjalimishra2087 nah i guess its some other book i am an 10th student i was just preparing this chapter for my next term
❤
@@Ronitbiswas0714😂
Batch 2023-24
Give Attendance 👊🏻
Yo👊
Yo 🤜
present
Idhr 👊🙂
Yeee
Who is here class 11in 2023-2024😂😂
Thank you for watching our educational videos! We hope that you found them helpful and informative. If you are a class 11 student in 2023-2024, we wish you all the best in your studies!
Thanks
Me as well
🖐️
Impossible = i m possible 💪
Best Channel for Commerce 😃🎉
Thank you so much for your positive feedback! We're glad you're enjoying our videos and that they're helping you with your studies. We'll keep working hard to produce quality content that you can learn from and enjoy.
2024-2025 batch!! Wale Attendance lagao 🤚
Hi😅😅
Very informative and helpful lecture mam in very easy way :))
I -Indentification of F T
Am - Measuring the F T
Ranchoddas - Recording
Chanchad - Classification
Shimla - Summarizing
Aaya - Analysis
Chatur - Communicating
Thank you so much for your kind words! We're glad you found our video helpful and informative. :)
Mam can we say that ,accounting is an art of identifying of financial and business transactions,measuring of identified transactions, recording,classifying, summarizing, analyzing and communicating of the financial transactions and events
Wow nice explanation
Well played bro😉
Yes you can say
I think so it is little bit long answer to learn or write
But explanation is best
Boards results haven't even came yet but I can't hold my excitement to study this new subject so here I am~~😅
We're so happy to hear that you're already looking forward to studying the subject matter in our videos! We hope that you find them helpful and informative.
11th me addmission le liya hai??
@@aviralmishra7780 hmm
Waa bhai tu b meri tarah curious h😂
Same bro ✍
Anyone 24-25 🤡
Yes
Mee
Yesss
Yepp🤌🏻
Yaa
Taking commerce in 2022😁😁
Attendance please 😂
Me
🙋😂
Mee
present
Me without maths
Are aagye 2024-2025 batch 😁
Accounting is an art of recording, classifying and summarising in a significant manner in term of money transaction and events which are inpart atleast in a financial character and interpreting their result off
Ishika ap abhi 11th mai aaye ho!
@@ajeetkhan4269 hi
@@ajeetkhan4269 bade tez ho beta
Hello
Hiii
As a newcomer to the subject found this video very helpful. Thank you so much Ma'am.
Mera magnet brain se ek anurodh hai ki black board ki color White na rakhe isse eye par jadya effect parta hai.
Ma'am cash to bahot important h pr aapki smile bhi..... Aap pdate hue bahot serious hoo jate hoo agar smile krke pdaooge to mza aayega. Hope for your good health.. 😋❤️
Thanks maam just completed my boards of class 10 I aspire to become an entrepreneur and graduate by iims i have so much of time this month so this is just a chocolate for a child thanks maam everything was well detailed and explained to at its extent thankyou maam once again
Me too.....😁😁..my board exams finished on 24th and watching these classes.....I want to become an businessman 🔥🔥🔥
Me too
Me tooo
I will do hotel management
@@arpitdwivedi5414 nyc
What a explanation 🎉🎉🎉
Thank you so much 😊😊😊
We're glad that you enjoyed the explanation! We hope that our videos are helping you in your learning journey. Please let us know if there's anything else we can do to help. Thank you for your support!
Hlo
hi
Accounting is an art of recording, classifying and summarising in a significant manner and in terms of money 🤑 transaction and events which are in part at least of a financial character and interpreting the results thereof
B
O
S
D
Nice lecture it helped me alot🤗
"I am Ranchor Das chanchar shimla AaYa chatur " What a learning tip🤩
Sanjeetwhehgurmehar koro Singh, Thanks a lot for watching the Magnet Brains videos. Please recommend us among your friends.
@@MagnetBrainsEducation ye koi tareeka h bheek magne kaa😂 just kidding
@@roastingworld8948 🤣🤣🤣🤣🤣
Hui
@@roastingworld8948 😂😂
Very nice and beautifully explained i understand very easily 🙂
Thank you for your positive feedback! We're glad you found the video helpful and easy to understand.
Thank u mam my all concepts are clear now☺️
I loved the way you teach !😃
@Indian defence lover both are same
10 days to go, havent studied anything and just made a 30 hour playlist for accounts covering all chapters hope i'll get good grades.
Yes
1month and 7 days left for my exam 😅
Me
can you send the playlist link here?
How did you exam go?Did you see any changes?
Thnku mam for this helpful letcure for understand the basic terms of accounts 🙂🫶🏻
Love it this teaching method❤
Learn with tricks $ formulae💫
Jak me ye ayega n
I'm a teacher but most of time you really surprise me by your teaching skills, really love you ma'am.
👌
F for your kids
Teacher ho to yaha kyu ahe hai anpad gawar
Accounting is an art of recording , classifying and summarising the monetary transactions
in an efficient manner and interpreting the results..,,,,,,
Accounting it is a systamatic process of identifying, measuring, recording, classifying, Summerising, interpreting and Communating all the financial informations in a systamatic manner.
23-24 batch videos will be uploaded as the syllabus is cancelled a bit? Plz let us know
New beginning with full confidence 🙂nd
Thank u 💓mam for this wonderful session .This helps me alot .
Samr
Thankk you so much didiiii for this beautifullll video❤✨.This video is soooo accurateeee🤩🤩🙏🏻🙏🏻
Wow
Magnet brains is a channel which really helps many childrens
y es really
😃😃
Tomorrow my admission is completed
And Now I attend my new class
With full of happiness 😊😊
Congratulations on your admission! We are so excited for you to start the new chapter of your life. We hope you enjoy the educational videos we have to offer and that they help you succeed in your classes. Welcome to the school!
This lecture was very helpful for me for my exam
Helpfull👍
@@akshatapishe10a86 😂ok
same here
Nah 😓
What were your questions like?
Hello ma'am l am doing bba iits my 1sem but and l have 'nt commerce stream in class 12th and l am watching this video today to clear my basics .you are very soft spoken .l loved your voice and also you teach very well 💗 l understand this chapter very well .
Please provides videos of class 12 Micoeconomic $ macroeconomic, Business studies also ma'am 🤞🤞
Who agree?
37:35
Teachers never check our notes.
They just signed on the notes after the end of a chapter.
This coaching is brilliant and mam so brilliant and excellent speak and so impressive class and mam is so beautiful and ❤️🔥
Thank you so much for your kind words! We are glad that you are enjoying our educational videos. We are always striving to provide the best educational content to our students. If you have any feedback or suggestions, we would love to hear them. Thanks again for your support!
Mam in my book employees and workers are in EXTERNAL USERS , so which one is correct?
Hii
Who can come here in 2022 in May after 10th exams
I know all of you choosing commerce stream
Best wishes from me👍
Yeahhh
Yessss
Mam your way of teaching is very best👍
Thank you so much for the kind words! We are so glad that you are enjoying our videos and finding them helpful. We hope to continue providing quality educational content that is of benefit to you.
Thanks mam for teaching and helping us in exams time for best preparation to work hard and to learn at same time 🙏🙏🙏🙏🙏
Love you mam😘 thank you for touching 🙏
Such a great explanation by mam
Thank you so much ma'am 💖 clearly samjhane ke liye 🤗❤️💜✨
Thankyouu so muchh Ma'am!!✨🌸
Reallyyy Enjoyed It!! :)
I am in class 10th and I am confused in science or commerce, but after watching this video, I think I am interested in commerce. So please students of commerce, do tell me that how your studies are going and are you regrating or satisfied with commerce??
Is there any scope in commerce??
Please answer my all questions I am your younger brother, I need your help!!
I am also confused
I am also confused between arts and commerce i want to become a lawyer but i' m really confused
@@gungun_guptaa you can take commerce and after commerce you can take llb to be a lawyer ok
I am also confused
hi all, i am also a commerce student and doing PHD in commerce to study the subject in dept but what I realised is that the knowledge of commerce is required in every field either you are a teacher, doctor, engineer etc. See commerce is a very practical subject which is based on real events so if you take it like that i think when you start working in any field you would know how you need to utilise your hard earned money.. and yes there is a lot of scope in commerce but you have to figure out what fascinates you more..
Mam i have doubt
In the book there is written that employees and workers are external users
Book is incorrect
Studying this without buying books definitely saying that it is very easy to understand thank you mam❤
Thank you so much for enjoying our videos and finding them helpful! We're glad they've been easy for you to understand. :)
u can look up the pdf of the books online, thats the method im using to study currently
@@AJ-sz3xp from where?
Thankyou mam for teaching us something new and for these free education 😃💗
Are Every Chapter Of Accounts, Maths, Economics, Buss. Studies And English Are Available On Magnet Brains?
Yes! All of the chapters for Accounts, Maths, Economics, Buss. Studies And English are available on Magnet Brains.
@@MagnetBrainsEducation Thanks For telling me. It's Such A God Gift like @magnet brains Are Here For Our Well Being
Ma'am please chapter 3 upload karo pls 🙏🏿🙏🏿🙏🏿🙏🏿🙏🏿🙏🏿😭
Recording of transaction wala chapter ma'am pls 🙏🏿😭
No
@@anuragrajput1829 why
Bhai vo khud he kar lo ya kisi or se yt se kar lo
Ha
@@vanshchourasia5031 bhai lekin ye Ma'am boht achi padhati hai
Its really good to study from here as we are newbie in commerce we should understand all the basic concepts to be fire in 12 class.. thank you magnet brains 🦋✨ your way of teaching is so helpful and intresting also ✨
one doubt- production loss due to labour strike can also be measured in terms of money as it can be the value or money value that could be gained by sellling the dhokla but couldn't due to labour strike. so that average value can be counted as loss thus monetary.
Objective of accounting
1.maintaining accounting records
2.determining profit or loss
3.determining financial position
4.facilitating manegement
5.provide accounting information to users
6.protecting business assets
I hope this is useful to you..😊😊
Thank you for watching our videos! We're glad you found them helpful in understanding the objectives of accounting. We hope you'll continue to watch and learn from our videos.
bhai dhokala bacha aur kharida usko kaise English mein likhenge ki kaise karen bhai bata de
@@RajaPatel-xo6fv Google Translate
"Is Accounting Art Or Science?" But mam maine toh commerce li thi 😂
😂hmm😢
It is so interesting and very well understood and solved each of its problems
Thank you for your positive feedback! We're glad you found our videos interesting and easy to understand. We hope you continue to learn and grow with our videos!
@@MagnetBrainsEducation 👍🏻 welcome
Very nice 👌 explanation mam
Thanks 😊 a lot
Thank you mam .
It was my first lecture of accounting and accountancy well mam you tried your best to tell us.....
This free education has value.
Which I will try to respect it.
And grab as much as possible.
.
.
Thank you again
No words mam it was really a very good explanation.....now i was well prepared for the tomorrow's test
Thank you so much for your kind words! We're so happy to hear that our videos are helping you prepare for your tests. Best of luck on your upcoming exam!
Class 11 2024-25 batch attendance
2024 2025
Who will score 90+ in accountancy❤🌚
Thank you very much ma'am!
I am from science background and have been working in industry for 20 yrs now. Recently started my MBA and was not able to understand the accountancy (ing), as a subject. But your approach has been helping me tremendously!
Highly recommend!😇
Thank you so much mam for teaching and helping us exam time and repeat it again thank you very much mam ☺️☺️
Kya tum mujhe bata sakti ho ki ma,am konsi book se padha rhi hai?
@@sanyasingh1179 ncert
Batch 23-24 fresh attendance
Edit :- main toh like lene aai thi aur 😂
I have already complete my 12th in 2016 m here again for refresher hope I learn what I unlearned these past years.. wish me luck guys
Batch 2024-2025 fresh attendance lagado😂
Meee huu bhaii😂😂❤
Me too
What is the difference between functions of accounting and role of accounting in business
Mam there is a mistake in users of accounting information you wrote employees and workers as internal users but in TS Grewal employees and workers is written under external users
When I watch the lecture I got a feeling like I have learnt everything but when I read the whole chapter i come to know sirf uper uper se padhaya h !! 🙂
Really ?
@@poonamsaluja3463 yeah, but it's nice to get an overview and don't forget to read book....
🙂🙂 means it's much more complicated
@@mahaktamrakar2633 can you please suggest me any other youtube channel for studying accounts in detail
@@poonamsaluja3463 I am also trying to find but for now I am thoroughly reading book... I will definitely tell you if I will find one 😀
Mam ap bhut acha explain krte ho sare doubt clear hoge thnku so so much mam😇
Nice Explanation Thank You Mam . Tomorrow is My Accounts Exam .
Thank you so much for watching our video and for your kind words. We're glad you found it helpful and we wish you all the best for your upcoming exam.
Thank you it was so much helpful
Studying in 2022 even before school starts 😊
same bro all the best !
@@rashii143 u too bro
Hats of to the teacher ... Can't thank enough 🤧❤️
Thank you so much! We're glad you appreciate the work we do here. We hope our videos help you learn new things and succeed in school!
Amazing..Thanks a bunch ma'am. ❤
Thank you mam it helps a lot 🙂
Mam superb explain Kiya thank you mam so much..
Mam you are so 👍 great
Thank you so much for your kind words! We're so happy to hear that you're enjoying our educational videos. Keep up the good work!
Mam chapter second
Please increase a little bit of your teaching speed and don't give partial information provide appropriate amount of knowledge to let us away from doubt humble request to you
Yess🥲🙂
वाह बहुत ही अच्छे से समझाया
Thank you. Mujhe school ki class me clear samajh nahi aya or maine ye video dekhi sara kuch samajh agya.😄
2023-2024 Batch Hite the like button ✅✌🏻
Thank you! We're glad you like our videos and we hope you find them helpful.
थैंक्स 👍
Actually I wanted to become a businessman since I was a kid like Mukesh Ambani im in 8th but preparing for this
😂🥺🥺🥺👍👍
Thnx for this video ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
Thanks for watching our video! We're glad you enjoyed it and found it helpful. :)
Hellow batch 2024😂aagye sb jangg shuru krne?
Hello Batch 2024! We are so happy to have you here with us! We hope you enjoy our educational videos and find them helpful in your studies!
Hnji ana hi pdega😂
Yes brooo😢
Heyy
Yeah 😂❤
Batch 24-25 attention here
👇👇
Bhai Commerce hi kyu Select Kiya?😊
If the phone is purchased for business purposes then whether it will be a financial transaction or not ?
Thank you for your question! If you purchase a phone for business purposes, it will be considered a financial transaction.
Ma'am what was the full form of EPF and ESI
Accounting is an art of ÷
1) Identifying the financial transcation and events
2) Measuring the transcation and events in terms of money
3)Recording like journal ,cash book,sales book,purchase book
4)classifying like leadger
5) summarsing
6)Analyse
7) Intrepretation
8) communicating the information to its users internal as well as external users
Thank you ma'am for this amazing lecture 😊😊
Hi
2023-24 batch attendence (like)❣️ and Thanks a lot Magnet brain for provide free education.
We're so happy to hear that our videos are helping you out! We'll continue to make more educational videos for you all in the future!
Mam u are soo cute 🥰 and your style of teaching is awesome and god level 🥰🥰
Who is here 2024-2025 😅😂😂
Bhai Commerce hi kyu select Kiya?😊
Me
Kon Kon Naye students hai attendence please 💯
Mai hu
Mai hu ✨
Meeee
Mee
Papa:- beta movies dekhna band kro🤨ab tu 11th me aa gya🤨.
Le beta:-😂mere teacher ne kaha hai😅 movie (3 idots ) dekhne ko😅😂
Thank u mam nice explanation 😊
Thank you for your positive feedback! We're glad you found the video helpful.
2023_24 batch.. Give ur attendance ❤❤
Hey there! We're so happy you're enjoying our videos and we hope they're helping you out. Keep up the good work and we'll keep pumping out content to help you guys succeed.
yooo✋