CBSE Class 11 Syllabus 2024 – 25 For Class 11 Accountancy Download Online CBSE Syllabus Class 11 Accountancy Syllabus As per Guidelines.
CBSE पाठ्यक्रम 11th Class Accountancy As Per NCERT
सीबीएसई बोर्ड 11वीं सिलेबस 2024 | CBSE Syllabus 2024 2025 | CBSE Accountancy Syllabus for Class XI | CBSE Class 11 Accountancy Syllabus www.cbse.gov.in
CBSE Latest Syllabus for Class 11 Accountancy is important for students to prepare their study time to time. Here we are provided New Edition CBSE Syllabus 2024. Stay tuned with Us for Get All Subjects Solution Biology MCQ, Physics MCQ, Difference between in Physics, Difference between in Biology
Exam Pattern for Year 2024 – 25
- Competency Focused Questions in the form of MCQs/ Case Based Questions, Source-based Integrated Questions or any other type = 40%
- Select response type questions(MCQ) = 20%
- Constructed response questions (Short Answer Questions/ Long Answer type Questions, as per existing pattern) = 40%
In case you have missed:- NCERT Extra Questions for Class 11 Economics
CBSE Class 11 Accountancy Syllabus 2024 2025
Accountancy Class XI:
- Chapter 1 Introduction to Accounting
- Chapter 2 Theory Base of Accounting
- Chapter 3 Recording of Transactions – I
- Chapter 4 Recording of Transactions – II
- Chapter 5 Bank Reconciliation Statement
- Chapter 6 Trial Balance and Rectification of Errors
- Chapter 7 Depreciation, Provisions and Reserves
Units | Periods | Marks |
Part A: Financial Accounting-1 | ||
Unit-1: Theoretical Framework | 25 | 12 |
Unit-2: Accounting Process | 115 | 44 |
Part B: Financial Accounting-II | ||
Unit-3: Financial Statements of Sole Proprietorship | 60 | 24 |
Part C: Project Work | 20 | 20 |
Part A: Financial Accounting – I
Unit-1: Theoretical Frame Work
Introduction to Accounting
- Accounting- concept, meaning, as a source of information, objectives, advantages and limitations, types of accounting information; users of accounting information and their needs. Qualitative Characteristics of Accounting Information. Role of Accounting in Business.
- Basic Accounting Terms- Entity, Business Transaction, Capital, Drawings. Liabilities (Non Current and Current). Assets (Non Current, Current); Expenditure (Capital and Revenue), Expense, Revenue, Income, Profit, Gain, Loss, Purchase, Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash Discount)
Theory Base of Accounting
- Fundamental accounting assumptions: GAAP: Concept
- Basic accounting concept : Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism, Materiality and Objectivity
- System of Accounting. Basis of Accounting: cash basis and accrual basis
- Accounting Standards: Applicability of Accounting Standards (AS) and Indian Accounting Standards (IndAS)
- Goods and Services Tax (GST): Characteristics and Advantages.
Unit-2: Accounting Process
Recording of Business Transactions
- Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers, Accounting Equation Approach: Meaning and Analysis, Rules of Debit and Credit.
- Recording of Transactions: Books of Original Entry- Journal
- Special Purpose books:
- Cash Book: Simple, cash book with bank column and petty cashbook
- Purchases book
- Sales book
- Purchases return book
- Sales return book
- Journal proper
Note: Including trade discount, freight and cartage expenses for simple GST calculation.
- Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts
Bank Reconciliation Statement:
- Need and preparation, Bank Reconciliation Statement
Depreciation, Provisions and Reserves
- Depreciation: Meaning, Features, Need, Causes, factors
- Other similar terms: Depletion and Amortisation
- Methods of Depreciation:
(i) Straight Line Method (SLM)
(ii) Written Down Value Method (WDV)
Note: Excluding change of method
- Difference between SLM and WDV; Advantages of SLM and WDV
- Method of recoding depreciation
(i) Charging to asset account
(ii) Creating provision for depreciation/accumulated depreciation account
- Treatment of disposal of asset
- Provisions, Reserves, Difference Between Provisions and Reserves.
- Types of Reserves:
(i) Revenue reserve
(ii) Capital reserve
(iii) General reserve
(iv) Specific reserve
v. Secret Reserve
- Difference between capital and revenue reserve
Trial balance and Rectification of Errors
- Trial balance: objectives, meaning and
preparation
(Scope: Trial balance with balance method only)
- Errors: classification-errors of omission,
commission, principles, and compensating;
their effect on Trial Balance. - Detection and rectification of errors;
(i) Errors which do not affect trial balance
(ii) Errors which affect trial balance - preparation of suspense account.
Part B: Financial Accounting – II
Unit 3: Financial Statements of Sole Proprietorship
Financial Statements
Meaning, objectives and importance; Revenue and Capital Receipts; Revenue and Capital Expenditure; Deferred Revenue expenditure. Opening journal entry. Trading and Profit and Loss Account: Gross Profit, Operating profit and Net profit. Preparation. Balance Sheet: need, grouping and marshalling of assets and liabilities. Preparation. 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/staff welfare, interest on capital and managers commission. Preparation of Trading and Profit and Loss account and Balance Sheet of a sole proprietorship with adjustments.
Incomplete Records
Features, reasons and limitations.
Ascertainment of Profit/Loss by Statement of Affairs method. (excluding conversion method)