Basic Accounting Terms - Part 1 :br In this video detailed and logical explanation is given about the various Accounting Terms.br Following accounting terms are explained in this video:-br Transaction, Cash transaction, Credit transaction, Barter transaction, Entry, Narration, Goods, Profit, Loss, Difference between profit and income, Assets, Fixed asset, Tangible asset, Intangible asset, Fictitious asset, Liabilities, Fixed liabilities, Current liabilities, Contingent liabilities.