Accountancy Syllabus For Class 11th. Course Structure (PART-‘A’)
PART A: FINANCIAL ACCOUNTING – I (55 Marks)-
1. Unit 1- Theoretical Frame Work:
1. 1- Introduction to Accounting-
- Accounting- concept, 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- Business Transaction,
Capital, Drawings. Liabilities (Non-Current and
Current). Assets (Non-Current, Current); Fixed
assets (Tangible and Intangible), Expenditure
(Capital and Revenue), Expense, Income, Profit,
Gain, Loss, Purchase, Sales, Goods, Stock, Debtor,
A creditor, Voucher, Discount (Trade discount and
1.2- Theory Base of Accounting-
- Fundamental accounting assumptions: GAAP:
- Business Entity, Money Measurement, Going
A concern, Accounting Period, Cost Concept, Dual
Aspect, Revenue Recognition, Matching, Full
Disclosure, Consistency, Conservatism, Materiality
- A system of Accounting. The basis of Accounting: cash
basis and accrual basis.
- Accounting Standards: Need, benefits, limitations,
applicability; IFRS- Need.
- Goods and Services Tax (GST): Characteristics and
Unit-2: Accounting Process:
2.1: 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-
- Special Purpose books:
- Cash Book: Simple, cash book
with bank column and petty
- Purchases book
- Sales book
- Purchases return book
- Sales return book
Note: Including simple GST calculations.
Ledger: Format, Posting from journal and subsidiary
books, Balancing of accounts.
2.2: Bank Reconciliation Statement:
- Need and preparation, Bank Reconciliation Statement
with Adjusted Cash Book.
2.3: Depreciation, Provisions, and Reserves:
- Depreciation: Concept, Features, 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.
- Accounting treatment of depreciation:
i. Charging to the asset account.
ii. Creating provision for
iii. Treatment for disposal of the asset
- Provisions and Reserves: Difference
- Types of Reserves:
i. Revenue reserve
ii. Capital reserve
iii. General reserve
iv. Specific reserve
v. Secret Reserve.
- Difference between capital and revenue reserve
2.4: Accounting for Bills of Exchange:
- Bill of exchange and Promissory Note: Definition Specimen, Features, Parties.
- Difference between Bill of Exchange and Promissory
- Terms in Bill of Exchange:
i. A term of Bill
ii. Accommodation bill (concept)
iii. Days of Grace
iv. Date of maturity
v. Discounting of bill
vi. Endorsement of bill
vii. Bill after due date
ix. Bill sent for collection
x. Dishonor of bill. xi. The retirement of bill
xii. Renewal of bill.
- Accounting Treatment.
Note: excluding accounting treatment for accommodation bill.
2.5: Trial balance and Rectification of Errors:
- Trial balance: objectives and preparation
(Scope: Trial balance with balance method only)
- Errors: types-errors of omission, commission,
principles, and compensating; their effect on trial balance.
- Detection and rectification of errors; preparation
of suspense account.