Accountancy is an important subject for CBSE Commerce Stream. You should have a depth concept in the Class 11 Accountancy to score better marks in the CBSE 11th Board exam.
With a better concept on the latest syllabus, you can secure good marks. Here we are providing a complete guide on CBSE Class 11 Accountancy Syllabus 2023 For Term 1 & Term 2.
You can easily check the Revised Class 11 Accountancy syllabus and download PDF from the article below.
Revised CBSE Class 11 Accountancy Syllabus 2023 For Term 1 & Term 2
If you have a dream to pursue professional courses like CS or CA in the future, you should clear the all concept in Class 11 and Class 11 Accountancy.
You may know that to provide the students with a syllabus, CBSE updates its CBSE Class 11 Syllabus almost every year. Here you can check CBSE new syllabus for Class 11 Accountancy and NCERT Textbook based on the latest syllabus
The syllabus consists of five units: (i) Theoretical Framework, (ii) Accounting Process, (iii) Financial Statements of Sole Proprietorship, (iv) Financial Statements of Non-Profits, and (v) Computers in Accounting.
Exam Structure
| Units | Marks | |
| Part A | Financial Accounting – I | |
| 1. | Theoretical Framework | 15 |
| 2. | Accounting Process | 35 |
| Total | 50 | |
| Part B | Financial Accounting – II | |
| 3. | Financial Statements of Sole Proprietorship | 15 |
| 4. | Financial Statements of Non-Profits | 15 |
| 5. | Computers in Accounting | 10 |
| Total | 40 | |
| Part C | Project Work | 10 |
| Grand Total Marks | 100 |
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Part A: Financial Accounting – I (50 Marks)
Unit 1: Theoretical Framework
Introduction to Accounting
- Accounting: objectives, advantages and limitations, types of accounting information; users of accounting information and their needs.
- 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
- 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.
Unit 2: 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 (invoice, cash memo, pay in slip, cheque), preparation of vouchers – cash (debit and credit) and non cash (transfer).
- Books of original entry: format and recording – Journal.
- Cash Book: Simple Cash Book, Cash Book with Discount Column and Cash Book with Bank and Discount Columns, 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- calculating bank balance at 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 Bills of Exchange
- 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, dishonour of bill, noting of bill, retirement and renewal of a bill.
- Accounting treatment of bill transactions.
Rectification of Errors
- Errors: types-errors of omission, commission, principles, and compensating; their effect on Trial Balance.
- Detection and rectification of errors; preparation of suspense account.
Part B: Financial Accounting – II (40 Marks)
Unit 3: Financial Statements of Sole Proprietorship
- 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, manager’s commission, abnormal loss, goods taken for personal use and goods distributed as free samples.
- Preparation of Trading and Profit and Loss Account and Balance Sheet of sole proprietorship.
- Incomplete records: use and limitations.
- Ascertainment of profit/loss by statement of affairs method.
Unit 4: Financial Statements of Not-for-Profit Organizations
- Not-for-profit organizations: concept.
- Receipts and Payment account: features.
- Income and Expenditure account: features. Preparation of Income and Expenditure account and Balance Sheet from the given Receipts and Payments account with additional information.
Scope:
- Adjustments in a question should not exceed 3 or 4 in number and restricted to subscriptions, consumption of consumables, and sale of assets/ old material.
- Entrance/ admission fees and general donations are to be treated as revenue receipts.
- Trading Account of incidental activities is not to be prepared.
Unit 5: 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.
Scope:
- The scope of the unit is to understand accounting as an information system for the generation of accounting information and preparation of accounting reports.
- 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
Part C: Project Work (10 Marks)
Any One:
- Collection of Source Documents,Preparation of Vouchers, Recording of Transactions with the help of vouchers.
- Preparation of Bank Reconciliation Statement with the given cash book and the pass book with twenty to twenty-five transactions.
- 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.
Click below link to download latest Revised Syllabus
CBSE New Exam Pattern for Class 11 Accountancy
- Theoretical Paper: 80 marks
- Practical/ Project Work: 20 Marks
CBSE Class 11 Accountancy Question Paper Structure:
|
Time Duration |
3 Hours |
|
Maximum Marks |
80 marks |
|
Total No. of Questions |
32 |
|
Type of Questions |
MCQ Type Questions – 1 mark |
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Short Answer I – 3 marks |
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Short Answer II – 4 marks |
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Long Answer I – 6 marks |
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Long Answer II – 8 marks |
CBSE NCERT Textbook For Class 11 Accountancy 2023 For Term 1 & Term 2 PDF
Here you can download Chapter-wise NCERT Textbook for Class 11 Accountancy for Hindi and English Medium. textbooks are prepared by the panel of experts with detailed research on subject. NCERT Textbooks are simple and Easier to understand the concepts in a different way.
NCERT Accounting subject is divided into two parts. Part I is based on basic concepts like Partnership, Contract, or Organisational Dissolution, etc. On the other hand, Part II has topics like Share Capital, Debentures, and Cash Flow Statement, etc.
Here we are providing the chapter-wise NCERT Accountancy Textbooks based on latest CBSE Class 11 syllabus PDF. You can read online or download it easily.