In the previous video, we looked into the definition of Accounting. In this video, we will be looking into who needs accounting information and why do they need it.
In this video, I have tried to explain the basic terms which are commonly used in Accounting. This is not only helpful for 11th / 1st PU students of commerce, but also for those non-commerce background students who enrol for B.Com or BBA degree after 12th / 2nd PUC. This is the first video in the two part series of basic terms of accounting.