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Important Topic in Class 11 Accountancy Chapter 11

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Accountancy is an interesting subject for the students having an inclination towards calculations and accounts management. Students who want to pursue their career in the field of any financial sector choose commerce as the core subject from class 11.

 These are the students who decide to make their career in the field of finance which is very important for trading activity and business organizations.  As it is said the backbone of any company is the Account department students have to be well versed in every topic of accountancy as their career will depend on their caliber and accounting accuracy.

Accountancy has its importance not only for those who will be an accountant in the future but also in daily life. Basic accounting is very important to manage financial related issues in a regular lifestyle. 

Class 11 Accountancy is the introduction of important subject topics and students have to be well versed from the beginning so that they can be clear with the fundamentals and the basics concepts in Accountancy.

The chapters in class 11 Accountancy are 15.

They are as below.

  1. Introduction to Accounting.
  2. Theory Base of Accounting.
  3. Recording of Transactions-I.
  4. Recording of Transactions-II.
  5. Bank Reconciliation Statements.
  6. Trial Balance and Rectification of Errors.
  7. Depreciation, Provisions, and Reserves.
  8. Bil lof Exchange.
  9. Financial Statements -1
  10. Financial Statements.
  11. Accounts from Incomplete Records.
  12. Applications of computers in  Accounting.
  13. Computerized Accounting System.
  14. Structure Database for Accounting.
  15. Accounting System using Database management System.

All these chapters are very important and have to be appropriately grasped with accuracy and focus. But there are also some important chapters amongst these which needs to be focussed more as the maximum number of questions would be asked from these topics like Introduction to Accounting, Recording of Transactions-I, Recording of Transactions-II, Bank Reconciliation Statements, Trial Balance, and Rectification of Errors, Depreciation, Provisions, and Reserves, Theory Base of Accounting, Bil lof Exchange, Financial Statements -1, Financial Statements, Accounts from Incomplete Records, Applications of computers in  Accounting,  Computerised Accounting System and so on.

Class 11 chapter 11 which is Accounts from Incomplete records has more of the data of all the concepts which is comprehensively learned very well through the DK Goel Solutions Class 11 Accountancy Chapter 11 and includes the topics that can be easily comprehended by the students for the exam preparation.

Contents of the chapter.

Several accounting entries are in the books of original and the economic activities are in the general ledger.

The purpose of this chapter is to give an idea about the usage of the entry in many business establishments and also to give detailed theoretical concepts to the students.

The advantages of the Book of the originals.

  1. The calculation mistakes are minimized.
  2. The details are accurate.
  3. These can also be called journals.

In this chapter, students will understand and learn the difference between the record and the cashbook and also the credit and the debit. These are the basics of accountancy.  

Vedantu has made it very easy with the best study materials to be expertise in the chapter giving the details of the topics. The chapter-wise notes will help the students to make their preparation in a very comprehensive way saving much of their time.

 Advantages of preparing through Vedantu for class 11 Accountancy chapter 11.

  1. The solutions are well prepared by experts.
  2. The revision notes are well organized.
  3. The practice exercise can be helpful for thorough preparation.
  4. It saves lots of time.
  5. The solutions are updated as per the CBSE curriculum.

Study tips for class 11 Accountancy.

Study timetable.

Make a well-planned timetable and follow it regularly. Know your strengths and weakness so you can devote the time according to the topics requiring more time.

Books.

Don’t accumulate too many books and start reading. This will not help you but just creates confusion and you will not remember any topic properly. The NCERT textbook is very good to have a thorough preparation along with that for the reference book you can go through D.K Goel Solutions where all the topics are very precisely given. Most of the questions in the exam are based on the NCERT books.

Definitions.

Definitions should be understood and learned. Know the logic behind each so that you will get a clear concept of the terms defined. Definitions have to be memorized but make sure you understand them before memorizing.

Features and the benefits.

 There will be questions asked about the features and the benefits of the different topics. You should answer in a very relevant way so it fetches you the right marks. Just don’t memorize but also practice writing. This will help you to develop speed and accuracy. Sometimes you might be very good at answering verbally but when it comes to writing you might not be.  To avoid such things happening practice writing while you learn.

Formulas 

Formulas have to be memorized but you should also know how it has been derived. Note down all the relevant formulas in a book.  You can revise every day so in a few days’ time, the formulas will be at your fingertips.

Calculations.

Accountancy means full of calculations. So make sure to practice so that the silly mistakes are avoided which usually occurs during calculations.

Preparation of notes.

Prepare systematic notes so that while revising it becomes easy and you can glance at all the topics in a short duration. This will make you remember what you previously studied and boost your confidence.

Previous year papers and the mock test.

Once you are thorough with all the chapters you can start solving the previous years’ question paper which will help you in time management skills and speed accuracy. This is an important aspect from the examination point of view.

General tips.

  1. Plan an appropriate timetable.
  2. Follow it regularly and systematically.
  3. Be regular in your studies.
  4. Understand the concept well.
  5. Avoid silly mistakes during calculations.
  6. Be positive and learn what you do not know. Don’t give up.
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Education

Five Ways to Show Gratitude to Your Elderly Parents

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Five Ways to Show Gratitude to Your Elderly Parents

As our parents grow older it is natural to reflect on all they have done for us. From changing diapers and cleaning bloodied knees to supporting us through college, the love parents show is like no other. Wanting to show gratitude is a natural response. Here are five ways you can give thanks.

Flowers

Flowers are a traditional way to show gratitude, having been gifted since the Middle Ages. For elderly parents who may be less mobile than they once were, flowers can brighten up a room and bring the outside into their home. Opt for their favorites or choose classics such as roses or chrysanthemums.

A Home-Cooked Meal

It’s likely your parents prepared many meals for you over the years, so why not turn the tables and make a tasty meal for them? Enjoy family favorites or try something new based on their tastes. Food that can be batch cooked is a great idea as a portion can be frozen for another day. If cooking isn’t your forte, baking can be a good alternative with cakes and cookies ideal for those with a sweet tooth.

Make Memories

If your parents enjoy day trips, taking them out can be a fun experience for everyone. Be mindful of their limitations and plan ahead so you have strategies to face any potential challenges such as accessibility. Whether it’s a visit to the beach, an evening at the theatre, or a meal out at a well-loved restaurant, treating your parents is a great way to show how thankful you are for all they’ve done. Best of all, it is a perfect way to make new family memories that can be treasured forever. Don’t forget to take plenty of photographs!

Support

As parents get older, they may find everyday tasks more of a challenge. Help them remain independent by sourcing items that can assist them such as handrails and swapping fiddly gadgets for simpler alternatives (such as TV remote controls and phones with larger buttons). If staying in their own home is too much for them, it may be time to consider a move. A community such as Bridgewater assisted living can give your parents a new lease of life as well as offering you the reassurance that they are safe and cared for.

Write a Letter

It can be hard to find the right words to show how grateful you are, which is why writing a letter can be an easier option than having a conversation. Think about what you want to say and speak from the heart – it is the sentiment that matters, not the vocabulary or punctuation. A letter can be treasured and looked back at time and again, so write to tell your parents how much you care, and they can reread it in years to come.

However you choose to show your parents how appreciative you are, take time to give them a hug, too. Savor the moment and say two simple words – ‘thank you’.

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Education

Top Tips For Starting College

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Are you about to start college? This will be an exciting and key experience in your life, so you want to make sure that you really make the most out of it. Obviously, starting college is primarily about studying and developing the skills needed to go on and find success in your chosen field, but you will find that college is also a lot about growing up and becoming an adult. This can be a defining period in your life and this post will offer a few tips that should come in useful for new college students so that you can get settled, and find success.

Get Involved Early On

One of the most important tips is to get involved early on. This is a fresh start for you and you will find it much easier to settle when you get involved with everything, including participating in classes, joining clubs and societies, and making new friends. Keep in mind that it can be hard to break out of old habits, so it is important to start off on the right foot and be proactive when you start college.

Master Time-Management

Many new college students struggle to adapt when they start college, which often comes down to time management. For many people, this will be their first time living away from home so it can be a shock to the system and hard to keep on top of everything. Set yourself a schedule that prioritizes your studies so that you can fit everything else around it, such as cooking, cleaning, reading, socializing and hobbies.

Take Notes & Review

When starting a new course, you need to get organized and pay attention throughout. It is important to take notes throughout the term but also to review these notes after each lecture or class and again throughout term. This will help you to absorb the information and really make the most out of your learning experiences. If you are ever struggling, you should reach out and ask for help from your tutor or a fellow student.

Look After Yourself

Starting college can be stressful and difficult, especially if this is your first time away from home. It can also be a fun and exciting time, and a great chance to make new friends and have new experiences. You need to get the balance right between studies and having fun as well as know how to look after yourself properly. This will include taking breaks from studying, eating a healthy diet, getting enough sleep and regular exercise.

You Can Transfer

It is also important to be aware that you can transfer if you find that it is not a good fit for you. Many students end up transferring to a different college and this could be for any number of reasons. Visit CampusReel to learn what the requirements are to transfer to a college like the University of Alabama.

Hopefully, these tips will come in handy for new college students and help you to find success, and enjoy your time at college.

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Education

Why Content Moderation is Important?

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Why Content Moderation is Important?

Content moderation is the most effective way to ensure the quality of your business website or social profile. It helps you in maintaining the standard for your business. Most brands allow user-generated content. If they leave this content unchecked, it can also be dangerous for their businesses.

So, it is better to hire a professional content moderator who will keenly observe the content, including videos, images, and user comments, and allow only content that will positively affect your business. It will also help keep a record of customers’ reviews and suggest a better plan to satisfy these users. As a result, your business will grow within days.

Importance of Content Moderation 

From the discussion above, you can imagine the importance of content moderation. To know its importance in detail, look at the points given below.

1. Protect your Business

It is confirmed that all user-generated content will be posted on your platform following the guidelines you have set for your business. So, if someone posts undesirable content, which can harm your business, the moderator will first review it and didn’t allow it to upload. This way, you can protect your business from spam.

2. Increase the Website Traffic

When you go with website content moderation provider, they try to write the content user-friendly, and give the solution to increase web traffic, then users will interact with you, and finally, traffic to your website will increase. Google also likes such a website that provides quality content and solves the user’s problems. As a result, it gives you a push and ranks higher.

3. Protect your Community

Your running customers are a great source of success for your business. So, you must provide them with the content that they need. Suppose someone uploads the offensive or abusive content; they will not wait for a minute and leave the platform. So, never keep unchecked uploading content on your website. Must set guidelines about the content uploading, and if someone violates these guidelines, then block them instantly.

4. Increase the Sales

If one of your clients gives a positive review related to your product, it is evident that other users will interact and raise some questions related to it. Now, you must answer all their queries. If you get their satisfaction, they will convert and buy your product, and your sales will increase. This way, you can also maximize your profit very efficiently. Keep in mind that this is the most effective way to win users’ trust, whihc never buy your product in the past. So, you can get positive reviews when you provide outstanding services to your clients.

5. Identify the User Behavior

Content Moderation is also a great source to detect the user’s behavior. The content moderator will keep an eye on comments and posts generated by the customers. Through these posts, you can take an idea of what users demand. So, give some offers and discounts according to demand and get benefited. All the successful brands apply this tactic to generate more sales. So, please don’t take it late and do work properly.

Final Words

I hope after reading the upper paragraphs, and now you’re well aware of the importance of content moderation. It not only helps you in controlling the spammy posts but also helps your growing business. Most importantly, your customer will remain in touch with you. These users will convert into buyers when they see any positive feedback on your website.

So, it is the necessity of time to hire a professional content moderator who will tackle all the issues related to content on your business website or any other profile. This moderator will help you secure your platform by deleting all harmful content by scanning the inappropriate content. It will engage the users by applying different tactics and also help in generating more sales. Besides all this, you also have to set the guidelines related to user content and form fill from users to agree with all terms and conditions. If they still post something dangerous for your business or the other customers, then delete this content instantly. By applying all these practices, the other users will remain on your website for a long time and benefit your business.

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