Class 11 CBSE Accountancy Syllabus

Accountancy is inevitable in one’s life right from very young age. The knowledge of accountancy is essential at all levels but not just as an academic requirement! NCERT has set standardized guidelines for 11th CBSE Accountancy syllabus. Class 11 is one of the crucial phases of life of a student  in which students he or she must acquire a knowledge-base that`s not just for qualifying through the progrma but to  also apply things in every facet of life. The section below explains the detailed syllabus for 11th standard CBSE board accountancy according to the standardized guidelines. Students aspiring to take-up CA or any other money management courses must compulsorily understand the Accountancy concepts. Total syllabus is for  80 Marks theory and Project part 20 Marks.

Part A: Financial Accounting-1

Unit-1: Theoretical Framework

Introduction to Accounting

  1. Accounting: objectives, advantages and limitations, types of accounting information; users of accounting information and their needs.

  2. Basic accounting terms: business transaction, account, capital, drawings, liability (Non - current and current); asset (Non - current; tangible and intangible assets and current assets), receipts (capital and revenue), expenditure (capital, revenue and deferred), expense, income, profits, gains and losses, purchases, purchases returns, sales, sales returns, stock, trade receivables (debtors and bills receivable), trade payables (creditors and bills payable), goods, cost, vouchers, discount - trade and cash.

Theory Base of Accounting

  1. Fundamental accounting assumptions: going concern, consistency and accrual.

  2. Accounting principles: accounting entity, money measurement, accounting period, full disclosure, materiality, prudence, cost concept, matching concept and dual aspect.

  3. Accounting Standards and IFRS (International Financial Reporting Standards): concept and objectives

  4. Double entry system of accounting.

  5. Bases of accounting - cash basis and accrual basis.

Unit-2: Accounting Process

Recording of Transactions

  1. Accounting equation: analysis of transactions using accounting equation.

  2. Rules of debit and credit: for assets, liabilities, capital, revenue and expenses

  3. Origin of transactions- source documents (invoice, cash memo, pay in slip, cheque), preparation of vouchers - cash (debit and credit) and non-cash (transfer).

  4. Books of original entry: format and recording - Journal.

  5. Cash Book: Simple Cash Book, Cash Book with Discount Column and Cash Book with Bank and Discount Columns, Petty Cash Book.

  6. Other books: purchases book, sales book, purchases returns book, sales returns book and journal proper.

Preparation of Bank Reconciliation Statement, Ledger and Trial Balance.

  1. Bank reconciliation statement- calculating bank balance at accounting date: need and preparation. Corrected cash book balance.

  2. Ledger - format, posting from journal, cash book and other special purpose books, balancing of accounts.

  3. Trial balance: objectives and preparation

(Scope: Trial Balance with balance method only)

Depreciation, Provisions and Reserves

  1. Depreciation: concept need and factors affecting depreciation; methods of computation of depreciation: straight line method, written down value method (excluding change in method)

  2. Accounting treatment of depreciation: by charging to asset account, by creating provision for depreciation/ accumulated depreciation account, treatment of disposal of asset.

  3. 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 Bills of Exchange

  1. Bills of exchange and promissory note: definition, features, parties, specimen and distinction.

  2. 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.

  3. Accounting treatment of bill transactions.

Rectification of Errors

  1. Errors: types-errors of omission, commission, principles, and compensating; their effect on Trial Balance.

  2. Detection and rectification of errors; preparation of suspense account.

Part B: Financial Accounting-II

Unit-3: Financial Statements of Sole Proprietorship from Complete and Incomplete Records

  1. Financial Statements: objective and importance.

  2. Trading and profit and loss account: gross profit, operating profit and net profit.

  3. Balance Sheet: need, grouping, marshalling of assets and liabilities.

  4. 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, manager's commission, abnormal loss, goods taken for personal use and goods distributed as free samples.

  5. Preparation of Trading and Profit and Loss Account and Balance Sheet of sole proprietorship.

  6. Incomplete records: use and limitations.

  7. Ascertainment of profit/loss by statement of affairs method.

Unit-4: Computers in Accounting

  1. Introduction to Computer and Accounting Information System {AIS}: Introduction to computers (Elements, Capabilities, Limitations of Computer system),

  2. Introduction to operating software, utility software and application software. Introduction to Accounting Information System (AIS), as a part of MIS

  3. Automation of Accounting Process.

  4. Meaning

Stages in automation

  1. Accounting process in a computerized environment; comparison between manual accounting process and Computerized accounting process.

  2. Sourcing of accounting Software; kinds of software: ready made software; customized software and tailor-made software; Generic Considerations before sourcing accounting software.

  3. Creation of Account groups and hierarchy.

  4.  Generation of reports -Trial balance, Profit and Loss account and Balance Sheet

Part C: Project Work (Anyone)

  1. Collection of Source Documents, Preparation of Vouchers, Recording of Transactions with the help of vouchers.

  2. Preparation of Bank Reconciliation Statement with the given cash book and the pass book with twenty to twenty-five transactions.

  3. Comprehensive project starting with journal entries regarding any sole proprietorship business, posting them to the ledger and preparation of Trial balance. The students will then prepare Trading and Profit and Loss Account on the basis of the prepared trial balance. Expenses, incomes and profit (loss) are to be depicted using pie chart / bar diagram.

Book a qualified private tutor for CBSE, ICSE, IGCSE, IB and state boards for all subjects, all standards. Book your free demo to avail home tutors in Bangalore.






Course List