This book is written in such a manner that the students can develop their concepts on accounting framework in a very well-structured manner and without taking heavy load on their brain. This book intends to describe the meaning, significance, objective, advantages, and limitations of accounting in the modern economic environment with varied types of business and non-business economic entities. The introductory edition of the book Accountancy Class XI has been developed as per the latest CBSE syllabus and the contents are strictly in accordance with the CBSE guidelines with current year revisions including GST. Key features: 1. The text is aimed at providing a comprehensive introduction to the chapters emphasizing on "why" And "how to" Aspects of the topics. 2. For those who dread Maths, simple calculations have been explained at length in the easiest possible manner. 3. All the chapters have "test your understanding" After introduction to an important topic to encourage critical thinking and Application of ideas. 4. The contents are strictly in accordance with the CBSE guidelines with current year revisions including topic on GST. 5. Excellent presentation in a clear, logical and concise manner.