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Class 11 Accountancy

5 posts

Consistency Concept

Last Updated: 07 May 2026

The consistency concept in accounting means that a company should use the same accounting methods and policies over time. This helps make financial statements easy to comp...read more

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Commerce - 11th

Class 11 Accountancy

Accounting Concepts

Objectivity Concept in Accounting

Last Updated: 15 April 2026

The objectivity concept states that every financial transaction recorded in the books of accounts must be supported by clear, verifiable evidence and remain free from pers...read more

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Geeks Premier League 2023

Class 11 Accountancy

Accounting Concepts

Conservatism Concept : Uses, Importance & Examples

Last Updated: 07 May 2026

The conservatism principle in accounting also known as prudence principle. It advises accountants to understate assets and income and overstate liabilities and expenses wh...read more

Geeks Premier League 2023

Class 11 Accountancy

Revenue Recognition Concept

Last Updated: 06 May 2026

The Revenue Recognition Concept states that revenue should be recorded when it is earned and realizable, not necessarily when cash is received. Revenue is considered earne...read more

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Geeks Premier League 2023

Class 11 Accountancy

Accounting Concepts

CBSE Class 11 Accountancy Notes

Last Updated: 23 July 2025

Accountancy is a practice through which business transactions are recorded, classified, and reported for the proper and successful running of an organization. GeeksforGeek...read more

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Commerce - 11th

Class 11 Accountancy