Looking for Class 11 Accounts notes on Introduction to accounitng? This chapter covers Meaning and Definition of Accounting, Accounting Process — Record, Classify, Summarize, Interpret, Objectives of Accounting, Accounting vs Accountancy — Key Differences, Characteristics of Accounting Principles, Functions, Advantages & Limitations of Accounting, and Branches of Accounting (Financial, Cost, Management) — explained step by step for CBSE Board Exam preparation. Sanyam Bhayana is a Class 12 State Topper (99.6%) and Gold Medalist from Shri Ram College of Commerce (SRCC), New Delhi. He has helped hundreds of students score 100/100 in board exams. Watch the free video lecture, then download the complete notes for this chapter for just Rs. 9.