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Accountancy Class 11 Commerce (English Medium) CBSE Topics and Syllabus

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CBSE Syllabus For Class 11 Accountancy: Knowing the Syllabus is very important for the students of Class 11. Shaalaa has also provided a list of topics that every student needs to understand.

The CBSE Class 11 Accountancy syllabus for the academic year 2023-2024 is based on the Board's guidelines. Students should read the Class 11 Accountancy Syllabus to learn about the subject's subjects and subtopics.

Students will discover the unit names, chapters under each unit, and subtopics under each chapter in the CBSE Class 11 Accountancy Syllabus pdf 2023-2024. They will also receive a complete practical syllabus for Class 11 Accountancy in addition to this.

Academic year:
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CBSE Class 11 Accountancy Syllabus for Financial Accounting

1 Introduction to Accounting
2 Theory Base of Accounting
3 Recording of Transactions - I
4 Recording of Transactions - II
5 Bank Reconciliation Statement
6 Trial Balance and Rectification of Errors
7 Depreciation, Provisions and Reserves
8 Bill of Exchange
9 Financial Statements - I
11 Accounts from Incomplete Records
12 Applications of Computers in Accounting
13 Computerised Accounting System

CBSE Class 11 Accountancy Syllabus for Financial Accounting 1

101 Theoretical Frame Work

Introduction to Accounting
• Accounting- concept, objectives, and limitations, types of information; users of accounting and their needs. advantages accounting information
• Basic accounting terms: business transaction, account, capital, drawings, liabilities (non - current and current); assets (non-current and current) fixed assets (tangible and intangible assets), receipts (capital and revenue), expenditure (capital, revenue and deferred), expense, income, profits, gains and losses, purchases, purchases returns, sales, sales returns, goods, stock, inventory, trade receivables (debtors and bills receivable), trade payables (creditors and bills payable), cost, vouchers, discount - trade and cash.

Theory Base of Accounting 
• Fundamental accounting assumptions: going concern, consistency and accrual.
• Accounting principles: accounting entity, money measurement, accounting period, full disclosure, materiality, prudence, cost concept, matching concept and dual aspect.
• Accounting Standards and IFRS (International Financial Reporting Standards): concept and objectives
• Double entry system of accounting.
• Bases of accounting - cash basis and accrual basis.

102 Accounting Process

Recording of Transactions
• Accounting equation: analysis of transactions using accounting equation.
• Rules of debit and credit: for assets, liabilities, capital, revenue and expenses.
• Origin of transactions- source documents/ supporting vouchers (invoice, cash memo, pay in slip, cheque), debit note, credit note, preparation of accounting vouchers - cash (debit and credit) and non cash (transfer).

• Books of original entry: format and recording - Journal.
• Cash book: simple cash book and cash book with bank col u m n petty cash book.
• Other books: purchases book, sales book, purchases returns book, sales returns book and journal proper. Preparation of Bank Reconciliation Statement, Ledger and Trial Balance
• Bank reconciliation statement- concept calculating bank balance at an accounting date: need and preparation. Corrected cash book balance.
• Ledger - format, posting from journal, cash book and other special purpose books, balancing of accounts.
• Trial balance: objectives and preparation (Scope: Trial balance with balance method only)Depreciation, Provisions and Reserves.
• Depreciation: concept, need and factors affecting depreciation; methods of computation of depreciation: straight line method, written
•down value method (excluding change in method)
• Accounting treatment of depreciation: by charging to asset account, by creating provision for depreciation/ accumulated depreciation account, treatment of disposal of asset.
• Provisions and reserves: concept, objectives and difference between provisions and reserves; types of reserves- revenue reserve, capital reserve, general reserve and specific reserves.
Accounting for BUls of Exchange. 16 Periods
• Bills of exchange and promissory note: definition, features, parties, specimen and distinction.
• Important terms: term of bill, due date, days of grace, date of maturity, discounting of bill, endorsement of bill, bill sent for collection, dishonor of bill, noting of bill, retirement and renewal of a bill.
• Accounting treatment of bill transactions. Rectificatf on of Errors 17 Periods
• Errors: types-errors of omission, commission, principles, and compensating; their effect on Trial Balance.
• Detection and rectification of errors; preparation of suspense account.

CBSE Class 11 Accountancy Syllabus for Financial Accounting 2

201 Financial Statements of Sole Proprietorship: from Complete and Incomplete Records

• Financial statements: objective and importance.
• Trading and Profit and Loss Account, gross profit, operating profit and net profit.
• Balance sheet: need, grouping, marshalling of assets and liabilities.
• Adjustments in preparation of financial statements : with respect to closing stock, outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, abnormal loss, goods taken for personal use, goods distributed as free samples and manager's commission.
• Preparation of Trading and Profit and Loss account and Balance Sheet of sole proprietorship.
• Incomplete records: uses and limitations.
• Ascertainment of profit/loss by statement of affairs method

202 Financial Statements of Not-for-profit Organizations

• Not-for-profit organizations: concept.
• Receipts and Payments Account: features and preparation.
• Income and Expenditure Account: features, preparation of income and expenditure account and balance sheet from the given receipts and payments account with additional information.
(i) Adjustments in a question should not exceed 3 or 4 in number and restricted to subscriptions, consumables and sale of assets I old material.
(ii) Entrance! admission fees and general donations are to be treated as revenue receipts.
(iii) Trading Account of incidental activities is not to be prepared.

203 Computers in Accounting

• Introduction to computer and accounting information system {AIS}: Introduction to computers (elements, capabilities, limitations of computer system),
• Introduction to operating software, utility software and application software. Introduction to accounting information system (AIS) as a part of MIS
• Automation of accounting process: meaning
• Stages in automation: (a) Accounting process in a computerised environment; comparison between manual accounting process and computerised accounting process, (b) Sourcing of accounting software; kinds of software: readymade software; customised software and tailor-made software; generic considerations before sourcing accounting software (c) creation of account groups and hierarchy ( d) generation of reports - trial balance, profit and loss account and balance sheet.
(i) The scope of the unit is to understand accounting as an information system for the generation of accounting information and preparation of accounting reports.
(ii) It is presumed that the working knowledge of any appropriate accounting software will be given to the students to help them learn basic accounting operations on computers. For this, the teachers may refer to Chapter 4 of Class XII NCERT textbook on Computerized Accounting System.

Textbook SolutionsVIEW ALL [2]

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