Accountancy Syllabus For Class 11th. (PART-'A')

Accountancy Syllabus For Class 11th. Course Structure (PART-‘A’)

11th Accountancy

Accountancy Syllabus For Class 11th. Course Structure (PART-‘A’)


Course Structure
Class-XI (2018-19)-



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
    Cash Discount)

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
    and Objectivity.
  • 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-
  • Journal:
  • 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
    depreciation/accumulated depreciation
    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
    viii. Negotiation
    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.