MP Board Class 11 Accountancy Syllabus 2025-26

Unit-Wise Breakdown of MP Board Class 11 Accountancy Syllabus 2025-26

Each unit focuses on building specific technical competencies.

Part I – Financial Accounting

This section covers the foundational aspects of accounting, from basic principles to transaction recording. It forms the backbone of financial knowledge for Class 11 students.

1. Introduction to Accounting

• Meaning of accounting
• Information as a source
• Objectives of accounting
• Importance of accounting
• Basic accounting terms

This unit lays the foundation by explaining what accounting is, its significance in business, and key terminologies used in financial transactions.

2. Accounting – Theoretical Basis

• Generally Accepted Accounting Principles (GAAP)
• Basic accounting assumptions
• Accounting concepts and conventions
• Accounting standards
• Basis of accounting
• Goods and services

Students learn about the core principles governing accounting practices, ensuring uniformity and accuracy in financial reporting.

3. Recording of Transactions – I

• Transactions and source documents
• Accounting vouchers
• Preparation of accounting vouchers
• Accounting equations
• Journal
• Ledger
• Preparation of ledger

This section focuses on the systematic recording of financial transactions using journals and ledgers.

4. Recording of Transactions – II

• Cash book (single column)
• Purchase (journal) book
• Purchase return (journal) book
• Sales (journal) book
• Sales return (journal) book
• Main journal
• Preparation of accounts from the journal

Students delve deeper into specialized books of accounts, enhancing their understanding of transaction recording.

5. Bank Reconciliation Statement

• Need for Bank Reconciliation Statement
• Preparation of Bank Reconciliation Statement

This unit explains the importance of reconciling bank statements with cash books to identify discrepancies.

6. Trial Balance and Rectification of Errors

• Meaning of trial balance
• Purpose of preparing a trial balance
• Preparation of trial balance
• Meaning of errors
• Types of errors
• Rectification of errors

Students learn how to detect and correct accounting errors to ensure accurate financial statements.

7. Depreciation, Provisions, and Reserves

• Meaning and need for depreciation
• Reasons for depreciation
• Factors affecting depreciation
• Methods of charging depreciation (Straight-line & Written-down value method)
• Accounting treatment of depreciation
• Concept of provisions and reserves
• Difference between provisions and reserves
• Types of reserves (General reserve, Specific reserve)

This section covers asset depreciation, financial reserves, and their impact on business finances.

Part II Financial Statements

This part focuses on preparing and analyzing financial statements, a critical skill for future accountants and business professionals.

8. Financial Statements – I

• Meaning and need for financial statements
• Objectives of preparing financial statements
• Trading and Profit & Loss Account
• Balance Sheet
• Adjustments

Students learn how to prepare key financial statements that reflect a business’s profitability and financial position.

9. Financial Statements – II

• Need for adjustments
• Closing stock
• Outstanding expenses
• Prepaid expenses
• Accrued income
• Income received in advance
• Depreciation
• Bad debts
• Provision for doubtful debts
• Preparation of trading and profit & loss account and balance sheet with adjustments

This unit focuses on finalizing financial statements by incorporating necessary adjustments for accuracy.

Why the MP Board Class 11 Accountancy Syllabus 2025-26 Matters

The MP Board Class 11 Accountancy Syllabus 2025-26 is crucial for students aiming to pursue careers in commerce, finance, or business management. It provides a strong foundation in:

• Financial record-keeping
• Regulatory accounting standards
• Preparation of financial reports
• Error detection and rectification

By mastering these concepts, students develop analytical skills essential for higher studies and professional exams like CA, CMA, and CS.

The MP Board Class 11 Accountancy Syllabus 2025-26 is a well-structured curriculum that blends theoretical knowledge with practical accounting skills. By following this syllabus, students gain a robust understanding of financial accounting, preparing them for advanced studies and professional careers.

Join PW Commerce Online Course and unlock your potential with quality education and dedicated learning support.