Bases of Accounting and Standards
Accountancy · Class 11 · Theoretical Framework · 1.º Período

Bases of Accounting and Standards

Differentiate between cash and accrual bases of accounting. Introduce Indian Accounting Standards (Ind-AS) and the basic characteristics of Goods and Services Tax (GST).

CBSE Learning OutcomesCBSE.11.ACC.1.3NCERT.11.ACC.Ch2

About This Topic

Differentiate between cash and accrual bases of accounting. Introduce Indian Accounting Standards (Ind-AS) and the basic characteristics of Goods and Services Tax (GST).

Key Questions

  1. What is the difference between cash and accrual accounting?
  2. Why are accounting standards necessary for businesses?
  3. What are the fundamental features of GST in India?

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