Maharashtra State Board 11th Standard Accounts Syllabus - Free PDF Download
Maharashtra State Board Syllabus 2026-27 11th Standard: The Maharashtra State Board 11th Standard Accounts Syllabus for the examination year 2026-27 has been released by the MSBSHSE, Maharashtra State Board. The board will hold the final examination at the end of the year following the annual assessment scheme, which has led to the release of the syllabus. The 2026-27 Maharashtra State Board 11th Standard Accounts Board Exam will entirely be based on the most recent syllabus. Therefore, students must thoroughly understand the new Maharashtra State Board syllabus to prepare for their annual exam properly.
The detailed Maharashtra State Board 11th Standard Accounts Syllabus for 2026-27 is below.
Academic year:
Maharashtra State Board 11th Standard Book Keeping and Accountancy Revised Syllabus
Maharashtra State Board 11th Standard Book Keeping and Accountancy Course Structure 2026-27 With Marking Scheme
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Syllabus
1 Introduction to Book-Keeping and Accountancy
- Accounting
- Introduction
- Definition: Accounting
- Flowchart Showing Evolution of Accounting
- Stages of Evolution
- Real-Life Examples for Each Stage
- Key Takeaways
- Book-Keeping
- Introduction
- Definitions : Book-keeping
- Features
- Objectives
- Importance
- Utility
- Process
- Real-Life Example
- Key Takeaways
- Accountancy
- Meaning
- Relationship with Book-Keeping and Accounting
- Definition : Accountancy
- Real-Life Examples
- Key Takeaways
- Book-Keeping vs. Accountancy
- Basis (Methods) of Accounting System
- Introduction
- Methods
- Real-Life Examples
- Key Takeaways
- Qualitative Characteristics of Accounting Information
- Introduction
- Qualitative Characteristics
- Chart Showing Qualitative Characteristics
- Real-Life Examples
- Key Takeaways
- Basic Terms in Accounting
- Need to Know
- Chart Showing Basic Accounting Terms
- Transaction
- Definition: Transaction
- Types of Transactions
- Chart Showing Types
- Related Accounting Terms
- Chart Showing Related Accounting Terms
- Real-Life Examples
- Capital and Drawings
- Introduction: Capital
- Formula for Capital (Accounting Equation)
- Introduction: Drawings
- Capital vs. Drawings
- Real-Life Examples
- Debtors, Creditors and Bad Debts
- Definition : Debtors
- Definition : Creditors
- Definition : Bad Debts
- Flowchart
- Real-Life Example
- Expenditure and Its Types
- Definition: Expenditure
- Types of Expenditure
- Real-Life Examples
- Discount and Its Types
- Definition : Discount
- Types of Discounts
- Flow of Transaction Having Both Discounts
- Real-Life Examples
- Solvent Person vs. Insolvent Person
- Definition: Solvent Person
- Definition: Insolvent Person
- Comparison
- Real-Life Examples
- Accounting Year
- Definition: Accounting Year
- Understanding the Accounting Year
- Chart Showing Concept of Accounting Year
- Real-Life Example
- Trading Concerns vs. Not for Profit Concerns
- Comparison
- Real-Life Examples
- Fundamentals of Business Earnings
- Profit vs. Loss
- Revenue vs. Income
- Real-Life Example
- Key Takeaways
- Concepts of Assets, Liabilities and Net Worth
- Definition: Asset
- Types of Assets
- Definition: Liability
- Types of Liabilities
- Definition: Net Worth
- Formula: Net Worth
- Real-Life Examples
- Concept of Goodwill
- Introduction
- Meaning
- Definition: Goodwill
- Characteristics
- Nature of Goodwill
- Need for Valuing Goodwill
- Factors Affecting the Value of Goodwill
- Accounting Principles
- Introduction
- Comparison with Accounting Concepts
- Accounting Concepts
- Introduction
- Importance
- Real-Life Examples
- Core Accounting Concepts
- Explanation of Concepts
- Real-Life Examples
- Accounting Standards
- Introduction
- Definition: Accounting Standards
- International Financial Reporting Standards (IFRS)
- Examples of IFRS
- Accounting Standards in India
- How Accounting Standards in India Are Made
- AS vs. Ind AS vs. IFRS
- Explanation of Certain AS
- Examples of Accounting Standards in India
- Key Takeaways
2 Meaning and Fundamentals of Double Entry Book-Keeping
- Methods of Recording Accounting Information
- Book-Keeping Systems
- Comparison between Book-Keeping Systems
- Double Entry Book-Keeping System
- Introduction
- Definition: Double Entry System
- Principles
- Elements
- Advantages
- Real-life Examples
- Conventional Accounting System (Traditional)
- Introduction
- Features
- Disadvantages
- Conventional System vs. Double‑Entry System
- Real-life Example
- Key Takeaways
- Concept of Account
- Introduction
- Definitions: Account
- Types of Accounts
- Examples
- Debit,Credit and Golden Rules
- Introduction: Debit and Credit
- Introduction: Golden Rules of Debit and Credit
- Introduction: Traditional Approach
- Staircase Diagram: Golden Rules of Debit and Credit
- Examples
- Key Takeaways
- Classification of Accounts (Modern Approach)
- Introduction to Modern Approach
- Traditional Approach vs. Modern Approach
- Chart Showing Classification of Accounts
- Rules for Recording Changes in Assets/Expenses/Losses
- Rules for Recording Changes in Liabilities/Capital/Revenue/Gains
- Examples
- Key Takeaways
- Accounting Equation
- Definition: Accounting Equation
- Formula: Accounting Equation
- Origin of the Accounting Equation
- Examples
3 Journal
- Accounting Documents
- Definition: Document
- Definition: Accounting Document
- Some Common Accounting Documents
- Importance of Accounting Documents
- Steps in Recording Transactions
- Real-Life Examples
- Key Takeaways
- Goods and Service Tax(GST)
- Definition: Tax
- Direct Tax vs. Indirect Tax
- Some Examples of Direct and Indirect Taxes in India
- Basics of GST
- Purpose of GST, with Examples
- Types of GST
- Example: Types of GST
- GST Rates
- Codes Used in GST, with Examples
- Key Takeaways
- Types of Accounting Documents
- Voucher
- Definition: Voucher
- Types of Vouchers
- Important Points Regarding Voucher Types
- Examples for Each Voucher Type
- Importance of Vouchers
- Information Given by a Voucher
- How to Prepare a Voucher
- Key Takeaways
- Tax Invoice (Under GST)
- Definition: Tax Invoice
- Importance of Tax Invoice, with Examples
- Types of Tax Invoices with Examples
- Details in a Tax Invoice
- Key Takeaways
- Credit Memo
- Definition: Credit Memo
- Credit Memo vs Credit Note (Voucher & Tax Invoice types)
- Examples: Credit Memo vs Credit Note (Voucher and Tax Invoice Types)
- Details of a Credit Memo
- Common Credit Memo Types in India, with Examples
- Key Takeaways
- Receipt
- Definition: Receipt
- Components and Features of a Receipt
- Types of Receipts, with Examples
- Use of Receipts in Accounting
- Real-Life Example of Receipt
- Key Takeaways
- Cheque
- Definition: Cheque
- Definition: Chequebook
- Parties to a Cheque
- Sample Cheque
- Contents of Cheque
- Advantages vs. Disadvantages
- Real-Life Example
- Journey of a Cheque
- Example: Journey of Cheque
- Definition: Bouncing of Cheque
- Common Reasons for Cheque Bouncing
- Effects of Cheque Bouncing
- Tips for Writing a Cheque
- Key Takeaways
- Voucher
- Types of Cheques
- Understanding Types of Cheques
- Examples for Each Cheque Type
- Definition: Cheque Truncation System (CTS)
- How CTS Works
- Definition: Endorsement of Cheque
- Parties in a Cheque Endorsement
- How Cheque Endorsement Works
- Types of Cheque Endorsement
- Examples of Cheque Endorsement Types
- Key Takeaways
- Books of Accounts
- Definition: Books of Accounts
- Purpose
- Types
- How Books of Accounts Help People Involved with the Business
- Key Takeaways
- Books of Accounts > Journal
- Definition: Journal
- Importance and Utility
- Format and Contents
- Example: Recording a Transaction in the Journal
- Definition: Casting
- Reasons for Casting of Journal
- Steps in Journal Casting
- Definition: Journalising
- Process of Journalising
- Key Takeaways
- Journal Entries
- Definition : Journal Entry
- Types
- Examples
- Journal Entries > Goods Account
- Definition: Goods Account
- Accounts Related to Goods
- Journal Entries Related to Goods Account
- Examples
- Key Takeaways
- Journal Entries > Recording Discount in Journal
- Definition: Discount
- Types of Discount
- Examples
- Journal Entries > Other Important Journal Entries
- Important Journal Entries, with Examples
4 Ledger
- Ledger as a Book of Accounts
- Books of Accounts: Original vs Final Entry
- Definition: Subsidiary Books
- Subsidiary Books: An Overview
- Definition: Ledger
- Need for Ledger
- Example: Need for Ledger
- Understanding the Ledger
- Importance of Ledger
- Formats of Ledger
- Example: Recording a Transaction in Ledger
- Definition: Computerised Ledger Software
- Manual Ledger vs. Computerised Ledger
- Tally—An Example of Accounting Software
- Key Takeaways
- Posting
- Definition: Posting
- Process of Posting
- Examples: Posting from Journal
- Example: Posting from Cash Book and Petty Cash Book
- Example: Posting from Purchase Book and Sales Book
- Example: Posting from Purchase Return Book and Sales Return Book
- Example: Posting from Journal Proper
- Balancing of Ledger Accounts
- Definition: Balancing of A Ledger Account
- Process of Balancing
- Balance B/d vs. Balance C/d
- Examples: Balance B/d vs. Balance C/d
- Example: Process of Balancing
- Understanding Debit and Credit Balances
- Types of Accounts and Their Balances
- Key Takeaways
- Trial Balance
- Definition: Trial Balance
- Advantages and Disadvantages, with Examples
- Types
- Methods of Preparation
- Steps to Prepare Trial Balance
- Example: Preparation of Trial Balance
- Road to Trial Balance
- Key Takeaways
5 Subsidiary Books
- Concept of Subsidiary Books
- Definition: Subsidiary Books
- Need
- Types
- Cash Book
- Definition: Cash Book
- Features
- Purpose
- Types
- Key Takeaways
- Cash Book > Simple Cash Book (Single Column Cash Book)
- Definition: Simple Cash Book
- Features
- Format, Contents and Rules
- Example: Recording Transactions in Simple Cash Book
- Key Takeaways
- Cash Book > Two Column Cash Book (With Cash and Bank Columns)
- Definition: Two Column Cash Book
- Definition: Contra Entry
- Features of Two Column Cash Book
- Format and Contents
- Accounting Treatment: Banking Transactions
- Balancing the Two Column Cash Book: Cash Column
- Balancing the Two Column Cash Book: Bank Column
- Types of Bank Accounts
- Examples: Recording Transactions in Two Column Cash Book
- Key Takeaways
- Cash Book > Petty Cash Book
- Definition: Petty Cash Book
- Need to Maintain
- Definition: Petty Cashier
- Responsibilities of Petty Cashier
- Types of Petty Cash Book
- Simple Petty Cash Book
- Definition: Simple Petty Cash Book
- Format and Contents
- Example: Recording Transactions in Simple Petty Cash Book
- Analytical Petty Cash Book
- Definition: Analytical Petty Cash Book
- Comparison with Simple Petty Cash Book
- Format and Contents
- Definition: Imprest System
- Imprest System: Related Concepts
- Reasons for Using Imprest System in Analytical Petty Cash Book
- Example: Recording Transactions in Analytical Petty Cash Book
- Key Takeaways
- Purchase Book
- Definition: Purchase Book
- Other Names of Purchase Book Explained
- Format and Contents
- Example: Recording Transactions in Purchase Book
- Purchase Return Book
- Definition: Purchase Return Book
- Definition: Debit Note
- Purchase Return Book: Format and Contents
- Sample Debit Note, with Contents
- Definition: Credit Note
- Process of Purchase Return
- Debit and Credit Notes: Names Explained
- Example: Recording Transactions in Purchase Return Book
- Key Takeaways
- Sales Book
- Definition: Sales Book
- Other Names of Sales Book Explained
- Format and Contents
- Example: Recording Transactions in Sales Book
- Sales Return Book
- Definition: Sales Return Book
- Process of Sales Return
- Format and Contents
- Example: Recording Transactions in Sales Return Book
- Journal Proper
- Definition: Journal Proper
- Comparison with Journal
- Entries Recorded in Journal Proper
- Example: Recording Transactions in Journal Proper
6 Bank Reconciliation Statement
- Accounting Documents Used in Banking
- Definition: Accounting Documents Used in Banking
- Advantages and Disadvantages
- Real-Life Examples
- Pay-in-Slip
- Definition: Pay-in-Slip
- Sample
- Advantages and Disadvantages
- Process Flow of a Pay-in-Slip
- Key Takeaways
- Withdrawal Slip
- Definition: Withdrawal Slip
- Comparison with Pay-in Slip
- Sample
- Advantages and Disadvantages
- Process Flow of a Withdrawal Slip
- Key Takeaways
- Bank Pass Book
- Definition: Bank Passbook
- Origin
- Comparison with Books of Accounts
- Contents
- Examples of Transactions Recorded in Passbook
- Advantages and Disadvantages
- Physical Passbook vs. Electronic Passbook
- Process of Recording Transactions in Passbook
- Key Takeaways
- Bank Statement
- Definition: Bank Statement
- Comparison with Passbook
- Advantages and Disadvantages
- Physical Bank Statement vs Electronic Bank Statement
- Sample
- Key Takeaways
- Bank Advice
- Definition: Bank Advice
- Comparison with Passbook and Bank Statement
- Advantages and Disadvantages
- Sample
- Key Takeaways
- Concept of Virtual Banking
- Definition: Virtual Banking
- Comparison with Traditional Banking
- Advantages and Disadvantages
- Real-Life Examples
- Definition: IMPS (Immediate Payment Service)
- Definition: NEFT (National Electronic Funds Transfer)
- Comparison of IMPS and NEFT
- Real-Life Examples: IMPS and NEFT
- Key Takeaways
- Bank Reconciliation Statement(BRS)
- Definition: Bank Reconciliation Statement (BRS)
- Difference between "Debit" and "Credit" Systems of the Bank and Businesses
- Example: Difference between "Debit" and "Credit" Systems of the Bank and Businesses
- Example : Understanding the Concept of BRS
- Need for BRS
- Key Takeaways
- Cash Book vs Pass Book : Causes of Differences
- Causes of Difference in Cash Book and Pass Book
- Definition: Time Difference
- Causes of Time Difference
- Possible Errors and Omissions Made by Bank or Business
- Key Takeaways
- Time Difference(Regarding BRS)
- Reasons for Time Difference
- Examples of Transactions Appearing in Cash Book, Not in Passbook
- Examples of Transactions Appearing in Passbook, Not in Cashbook
- Errors and Omission Made by Bank or Businessman
- Introduction
- Examples of Errors and Omissions
- Key Takeaways
- Formats of BRS
- Definition: Positive Balance as per Cash Book
- Definition: Negative balance as per Cash Book (Overdraft)
- Definition: Positive Balance as per Passbook
- Definition: Negative Balance as per Passbook (Overdraft)
- Format of BRS (Statement Format)
- Plus-Minus Format of BRS
- Key Takeaways
- Preparation of BRS
- Steps to Prepare BRS
- Tips for Adding and Subtracting
- Introduction to the Rule of Plus and Minus in BRS
- Reasons for Balance Mismatch between Cashbook and Passbook & Their Effects
- Real-life Example
- Cash Book and Pass Book Comparison for Common Period
- Rules when Extracts are Given for a Common Period
- Real-Life Example
- Cash Book and Pass Book Balances for Different Periods
- Rules when Extracts are Given for Different Periods
- Real-Life Example
- Bank Balance as per Cash Book (Favourable / Debit Balance)
- Steps for Reconciliation
- Real-Life Example
- Bank Balance as per Pass Book (Favourable / Credit Balance)
- Steps for Reconciliation
- Real-Life Example
- Overdraft as per Cash Book (Unfavourable / Credit Balance)
- Cash Book Balance vs. Overdraft – Steps for Reconciliation
- Example: Transactions Increasing/Decreasing Overdraft
- Real-Life Example: BRS Preparation
- Overdraft as per Pass Book (Unfavourable/Debit balance)
- Items to be Added/Subtracted while Preparing BRS
- Real-Life Example
- Reconciliation of Debtors and Creditors
- Definition: Reconciliation of Debtors and Creditors
- Steps for Reconciliation
7 Depreciation
- Concept of Depreciation
- Introduction
- Definition: Depreciation
- Origin and Meaning of the Word “Depreciation”
- Exceptions to Depreciation
- Causes of Depreciation
- Examples: Causes of Depreciation
- Importance of Charging Depreciation
- Examples: Importance of Charging Depreciation
- Conditions for Charging Depreciation
- Depreciation vs. Provisions vs. Reserves
- Examples: Depreciation vs. Provisions vs. Reserves
- Key Takeaways
- Methods of Depreciation
- Introduction
- Comparison of Depreciation Methods
- Suitability of Methods
- Fixed Instalment Method
- Definition: Fixed Instalment Method
- Overview
- Advantages and Disadvantages
- Formula: When Scrap Value is Given
- Example: When Scrap Value is Given
- Formula: When Rate of Depreciation is Given
- Example: When Rate of Depreciation is Given
- Key Takeaways
- Written Down Value Method
- Definition: Written Down Value (WDV) Method
- Overview
- Formula
- Advantages and Disadvantages
- Real-life Example
- Comparison with Fixed Instalment Method
- Key Takeaways
- Accounting Treatment under Fixed Instalment and Written Down Value Methods
- Life Cycle of a Depreciable Asset
- Journal Entries: In the Year of Purchase
- Journal Entries: Second Year Onwards
- Journal Entries: During the Year of Sale
- Example under SLM Method: Purchase of Asset and Depreciation on the Same
- Example under SLM Method: Partial Sale and Depreciation on Remaining Asset
- Example under WDV Method : Purchase of Asset and Depreciation for First 2 Years
- Example under WDV Method: Partial Sale and Depreciation of Remaining Asset
- Key Takeaways
8 Rectification of Errors
- Errors in Accounting
- Introduction
- Definition: Errors in Accounting
- Definition: Rectification of Accounting Errors
- Need for Rectification of Accounting Errors
- Reasons for Accounting Errors
- Key Takeaways
- Types of Errors
- Overview
- Examples: Errors of Omission
- Examples: Errors of Commission
- Examples: Errors of Principle
- Examples: Compensating Errors
- One-Sided Errors vs. Two-Sided Errors
- Classification of One-Sided and Two-Sided Errors
- Key Takeaways
- Detection and Rectification of Errors
- Definition: Rectification of Accounting Errors
- Methods of Rectification
- Definition: Rectifying Entry
- Formula for Rectifying Entry
- Example: Rectifying Entry
- Examples: Rectification of Errors
- Key Takeaways
- Suspense Account
- Definition: Suspense Account
- Importance
- Situations Requiring a Suspense Account
- Rules and Facts Regarding Suspense Account
- Real-life Analogy
- Example: Opening Suspense Account
- Process of Closing Suspense Account
- Key Takeaways
- Effects of Errors
- Introduction
- Major Areas Affected by Accounting Errors
- Effects on Trial Balance
- Effects on Profit & Loss Account
- Effects on Balance Sheet
- Examples: Effects of Errors
- Key Takeaways
9 Final Accounts of a Proprietary Concern
- Final Accounts : Proprietary Concern
- Introduction to Final Accounts
- Importance
- Journey of a Transaction: From Journal to Final Accounts
- Definition: Proprietary Concern
- Definition: Final Accounts of a Proprietary Concern
- Overview: Final Accounts of a Proprietary Concern
- Direct Expenses vs. Indirect Expenses
- Examples: Direct Expenses vs. Indirect Expenses
- Direct Income vs. Indirect Income
- Examples: Direct Income vs. Indirect Income
- Key Takeaways
- Trading Account
- Definition: Trading Account
- Format and Contents
- Nature and Working of Trading Account
- Journal Entries for Preparing Trading Account
- Real-Life Example
- Key Takeaways
- Profit and Loss Account
- Definition: Profit and Loss Account
- Comparison with Trading Account
- Format and Contents
- Reason for Deduction of Old RDD from Bad Debts
- Wages & Salaries vs. Salaries & Wages
- Gross Profit/Loss vs. Net Profit/Loss
- Journal Entries for Preparing Profit and Loss Account
- Real-Life Example
- Key Takeaways
- Balance Sheet
- Definition: Balance Sheet
- Key Features and Rules
- Format and Contents
- Journal Entries for Preparing Balance Sheet
- Definition: Adjustments in Final Accounts
- Features of Adjustments in Final Accounts
- Important Adjustments: Final Accounts of a Proprietary Concern
- Key Takeaways
- Preparation of Final Accounts for a Proprietary Concern
- Steps to Prepare Final Accounts When Trial Balance is Given
- Real-Life Example
10 Single Entry System
- Concept of Single Entry System
- Introduction
- Definitions
- Reasons for Suitability
- Single Entry System vs. Double Entry System
- Parts of Single Entry System
- Statements of Affairs
- Statement of Affairs—Meaning
- Purposes of Statements of Affairs
- Terms and Formulae Used
- Specimen for Statement of Affairs
- Statement of Profit or Loss
- Purpose
- Methods of Preparation
- Statements of Affairs
- Statement of Profit or Loss > Net Worth Method
- Process
- Specimen
- Example
- Additional Information (Adjustments)
- Specimen for Statement of Profit or Loss (With Adjustments)
- Practical Problems on Single Entry System
- Problem 1
- Problem 2
- Problem 3
