Accountancy Class 11 Chap 1
Accounting Basics Course is important since accounting is used by everyone in one form or another. Hence, a good understanding of accounting principles is beneficial to all. It is people skills, not technical knowledge, that are crucial to their success.
Although, accounting is often thought of as a discipline of pinpoint exactitude with rigid rules, in practice accountants rely heavily on best estimates and educated guesses that require careful judgment and strong imagination.