Class 11th students need to clear their concepts, for now as well as for Board Exams. For this, they need a book to clear all the doubts, right from the beginning.
To help the students with a conceptual or numerical query, You can find class 11 Accountancy Journal Entries Questions With Solutions (DK Goel) here. You can learn all the chapter-wise concepts and solved questions here.
Dk Goel Class 11 Accountancy Solutions PDF
Subject matter experts have outlined Dk Goel Class 11 Accountancy Solutions. It has all the step-by-step solutions for the questions, to help the students with exams, homework, and board exam preparation.
Chapter-wise Dk Goel Class 11 Accountancy Solutions
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Chapter 1 |
Meaning and Objectives of Accounting |
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Chapter 2 |
Basic Accounting Terms |
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Chapter 3 |
Accounting Principles |
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Chapter 4 |
Process and Basis of Accounting |
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Chapter 5 |
Accounting Standards and International Financial Reporting Standards (IFRS) |
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Chapter 6 |
Accounting Equations |
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Chapter 7 |
Double Entry Systems |
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Chapter 8 |
Origin of transactions: Source Documents of Accountancy |
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Chapter 9 |
Books of Original Entry – Journal |
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Chapter 10 |
Accounting For Goods and Service Tax (GST) |
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Chapter 11 |
Books of Original Entry – Cashbook |
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Chapter 12 |
Books of Original Entry – Special Purpose Subsidiary Books |
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Chapter 13 |
Ledger |
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Chapter 14 |
Trial, Balance, and Errors |
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Chapter 15 |
Bank Reconciliation Statement |
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Chapter 16 |
Depreciation |
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Chapter 17 |
Provisions and Reserves |
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Chapter 18 |
Bills of Exchange |
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Chapter 19 |
Rectification of Errors |
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Chapter 20 |
Capital and Revenue |
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Chapter 21 |
Financial Statements |
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Chapter 22 |
Financial Statements – With adjustments |
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Chapter 23 |
Accounts from Incomplete Records |
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Chapter 24 |
Introduction to Computers |
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Chapter 25 |
Introduction to Accounting Information System |
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Chapter 26 |
Computerized Accounting System |
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Chapter 27 |
Accounting Software Package: tally |
Why should students opt for DK Goel Class 11 Accountancy Solutions?
Students can download the DK Goel Class 11 Accountancy Solutions PDF online. But if you think about why, then there are not just one or two, but many reasons. These reasons are mentioned below:
- You can avail of these books without paying anything.
- Every question is answered completely.
- Chapter-wise solutions are available.
- All the concepts are explained in a way that makes them easy to learn.
- All topics are covered entirely.
- The necessary information for exams is highlighted.
- It is as per the advanced CBSE Syllabus.
- Subject matter experts have outlined the book.
Detailed Chapters-wise Explanation for DK Goel Class 11 Accountancy Solutions
Here is a list of all the chapters you can find in DK Goel Class 11 Accountancy Solutions, mentioned below:
Chapter 1: Meaning and Objectives of Accounting
DK Goel Class 11 Accountancy Solutions begin Chapter 1 by explaining Accounting. It is the method of collecting, reporting, interpreting as well as summarizing financial transactions. Also, it reveals the status of a business. You can download the DK Goel class 11 chapter 1 PDF for free.
Sometimes, Accountancy is also termed as ‘financial language’. The students are briefed on the following topics:
- Profit
- Loss
- Balance sheet
- Cash Discount
- Debtors
Chapter 2: Basic Accounting Terms
DK Goel Class 11 Accountancy Solutions begin Chapter 2, which explains all the basic accountancy terms like:
- Revenue
- Fixed assets
- Profit
- Current assets
- Revenue expenditure, etc.
Chapter 3: Accounting Principles
Chapter 3 talks about the Principles based on which accounts of a firm are managed. It includes details on the following aspects:
- Basic Accounting Equation
- Separate legal entity
- Characteristics of Accounting Principles
Chapter 4: Process and Basis of Accounting
Chapter 4, in the DK Goel Class 11 Accountancy Solutions, explains to the students about the cash basis and accrual basis of accounting.
Chapter 5: Accounting Standards and International Financial Reporting Standards (IFRS)
Chapter 5, in the DK Goel Class 11 Accountancy Solutions, teaches mainly about accounting standards. They are the rules which dictate the drafting of the financial statements of a company.
Chapter 6: Accounting Equations
DKgoel Class 11 chapter 6 solutions, mainly discuss the basic needs of accounting. Apart from this, numerical problems are also discussed in this chapter.
Chapter 7: Double Entry Systems
In accounting, there is a method of bookkeeping known as Double Entry, in which its effect will be on two different accounts simultaneously.
Chapter 8: Origin of Transactions: Source Documents of Accountancy
Chapter 8 mainly talks about the Source Documents which is the very first recorded instrument in a transaction. These documents as a base will result in a successful accounting process.
Chapter 9: Books of Original Entry – Journal
DK Goel Accountancy Class 11 Solutions Chapter 9, Journal, talks about journals, which is the first document where financial transactions are recorded. Here, the financial transactions of a firm are recorded in chronological order.
Chapter 10: Accounting For Goods and Service Tax (GST)
Chapter 10, in the DK Goel Class 11 Accountancy Solutions will teach the students about how GST Accounting is done. GST is paid by the firm for its supply of goods and services. Customs duty and excise duty are also included in the GST.
Chapter 11: Books of Original Entry – Cashbook
DK Goel Class 11 Accountancy Solutions provides solved solutions for this chapter. It has around 31 numerical problems.
Chapter 12: Books of Original Entry – Special Purpose Subsidiary Books
DK Goel Class 11 Accountancy Solutions provides solved solutions for this chapter on the topic, of subsidiary book posting of transactions.
Chapter 13: Ledger
DK Goel Class 11 Accountancy Solutions provides solved solutions for this chapter on the topic, of ledger posting.
Chapter 14: Trial Balance and Errors
DK Goel Class 11 Accountancy Solutions in Chapter 14 is explaining Trial Balance as any record showing the balances, including credit and debit, of all recorded accounts.
Chapter 15: Bank Reconciliation Statement
The Accountancy Solutions of DK Goel Class 11 are explaining the method of making a Bank Reconciliation statement, based on the information provided to us.
Chapter 16: Depreciation
In this chapter, we are taught how to calculate depreciation based on asset values.
Chapter 17: Provisions and Reserves
The Accountancy Solutions of DK Goel Class 11 are explaining the meaning of Provisions and Reserves in Chapter 17. The amount retained through the depreciation, renewal, and devaluation of assets is called Provisions. While Reserves are the amount that is kept aside from surplus and profits for financing future requirements.
Chapter 18: Bills of Exchange
Chapter 18, in the DK Goel Class 11 Accountancy Solutions, has step-by-step solved numericals for calculating interest amounts, discount charges, etc.
Chapter 19: Rectification of Errors
Chapter 19, in the DK Goel Class 11 Accountancy Solutions, has step-by-step solved numerical.
Chapter 20: Capital and Revenue
In this chapter, a detailed explanation has been given on the topics like capital expenditure, revenue expenditure, their differences, etc.
Chapter 21: Financial Statements
In DK Goel Class 11 Accountancy Solutions, the method of calculating costs of sold goods, gross profit, direct expenditure, the value of sales, adjusted purchase, net purchase, etc. is explained.
Chapter 22: Financial Statements – With adjustments
Chapter 22 in DK Goel Class 11 Accountancy Solutions, teaches the students about the different values in a financial statement after adjusting the data.
Chapter 23: Accounts from Incomplete Records
Chapter 23 in DK Goel Class 11 Accountancy Solutions shows numerical problems solved in a step-by-step method.
Chapter 24: Introduction to Computers
This chapter briefs you on the working of a computer, its components, software, hardware, etc.
Chapter 25: Introduction to Accounting Information System
Chapter 25 in DK Goel Class 11 Accountancy Solutions has explained the various purposes of the Accounting Information System.
Chapter 26: Computerized Accounting https://www.cbse.gov.in/System
Chapter 26 in DK Goel Class 11 Accountancy Solutions distinguishes between manual and computerized accounting systems.
Chapter 27: Accounting Software Package: tally
Chapter 27 in DK Goel Class 11 Accountancy Solutions describes the features of tally software.
If you have any queries regarding the CBSE Class 11th Accountancy Exam, you can ask them in the comments.
FAQs
In the DK Goel Class 11 Accountancy Solutions, how many chapters are based on computers?
Answer: You can find 4 chapters in the DK Goel Class 11 Accountancy Solutions, based on computers, computerized accounting, and software. They are:
1. Introduction to computers
2. Introduction to Accounting Information System
3. Computerized Accounting System
4. Accounting Software Package: tally
What is the total number of chapters in the book, DK Goel Class 11 Accountancy Solutions?
Answer: A total of 27 chapters are there in the book.
What are the numerical questions about Chapter 16: Depreciation, based on?
Answer: In Chapter 16: Depreciation, you will find questions based on the asset values.
What is Chapter 20: Capital and Revenue about?
Answer: Chapter 20: Capital and Revenue is about capital expenditure, revenue expenditure, their differences, etc.
Is the book, DK Goel Class 11 Accountancy Solutions, available for free?
Answer: Yes, you can download the book in PDF form without any charges.
What has been explained in DK Goel accountancy class 11 chapter 6 solutions?
It mainly discusses the basic needs of accounting. Apart from this, numerical problems are also discussed in this chapter.