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...Class xi subject accountancy no of topic sub assessment learning outcomes period activities unit theoretical ch introduction to accounting project on after going through this the students will be able framework objectives advantages and international describe significance periods limitations types information in modern economic users their standards environment with varied business non needs basic terms entities identify recognise transaction account capital drawings individual s that use liability current asset for serving decision making tangible intangible assets explain various used by learners as new receipts entrants area differentiate revenue expenditure between different related like deferred expense income profits gains give examples losses purchases returns liabilities sales stock trade receivables include debtors bills receivable payables both cash credit purchase relating creditors payable goods cost year among vouchers discount theory base state meaning assumptions fundame...