NCERT Class XI has 'Financial Accounting - I' text book, which gives much more detailed explanation of Accounting. Chapter 1 provides an introduction to accountancy and [http://www.ncert.nic.in/ncerts/textbook/textbook.htm?keac1=2-8 Class XI - Financial Accounting - Chapter 2] discusses basic accounting concepts which is very much required to understand the subject.
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Chapter two also discusses two other related items - accounting principles/practices (including the General Accepted Accounting Principles,called GAAP in short) and accounting conventions.
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Both accounting principles and conventions inform/influence the actual practice of accountancy.
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