Accountancy Syllabus for Class 11th (PART-'B').

Accountancy Syllabus for Class 11th ( PART-‘B’) & its Marks

11th Accountancy

Accountancy Syllabus for Class 11th ( PART-‘B’) & its Marks

Part B: Financial Accounting – II  (35 Marks)-

                    Unit 3:

Financial Statements of Sole Proprietorship: From Complete and Incomplete Records-


3.1: Financial Statements:

  • Receipts and Expenditure: Revenue receipts and capital
    receipts. Capital expenditure, Revenue expenditure and deferred expenditure
  • Objective and Importance.
  • 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.

3.2: Incomplete Records:

  • Features, Reasons, and Limitations.
  • Ascertainment of profit/loss by a statement of affairs
  • Difference between Accounts from incomplete records
    and Statement of Affairs. Preparation of Trading, Profit and Loss account and Balance Sheet.


   Unit 4: 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 Management Information System.
  • Automation of accounting process: meaning
  •  Stages of automation: (a) Accounting process in a
    computerized environment; comparison
    between manual accounting process and
    computerized accounting process, (b) Sourcing
    of accounting software; kinds of software:
    readymade software; customized 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.


The scope of the unit is to understand accounting as
an information system for the generation of
accounting information and preparation of
accounting reports.
(ii) 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.