CBSE Class 11 Accountancy Syllabus 2023-24, Chapter Wise PDF Download
The CBSE class 11 accountancy syllabus provides a comprehensive range of topics and serves as an introduction to the subject. To access the CBSE class 11 accountancy syllabus for the academic years 2023-24, students can simply visit this page and access the CBSE Accountancy Syllabus for Class 11 in PDF format.
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CBSE Class 11 Accountancy Syllabus 2023-24
The final exam based on CBSE class 11 accountancy syllabus will be of 80 marks. Students must complete the answers to the given in under 3 hours. A better understanding of the CBSE class 11 syllabus can be gained with the help of NCERT solutions.
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| CBSE Class 11 Accountancy Syllabus | |
| Part A: Financial Accounting-I | |
| Unit-1 | Theoretical Framework |
| Unit-2 | Accounting Process |
| Part B: Financial Accounting-II | |
| Unit-3 | Financial Statements of Sole Proprietorship |
| Part C: Project Work | |
CBSE Class 11 Accountancy Syllabus Chapter Names
The CBSE class 11 accountancy syllabus is briefly divided into two parts, Part A and Part B. Part A CBSE class 11 accountancy syllabus is named Financial Accounting - I. It consists of two units namely:
- Theoretical Framework
- Accounting Process
Part B CBSE class 11 accountancy syllabus is named Financial Accounting - II. It consists of three units namely:
- Financial Statements of Sole Proprietorship
- Financial Statements of Nonprofits
- Computers in Accounting
Below are the names and the topics included in each chapter covered in CBSE class 11 accountancy syllabus.
CBSE Class 11 Accountancy Syllabus Chapter 1 - Introduction to Accounting
Within the CBSE class 11 accountancy syllabus, students will explore accounting foundations that form the basis of accounting principles and practices. They will gain a comprehensive understanding of key concepts such as the accounting equation, double-entry system, accrual basis of accounting, and the qualitative characteristics of financial information.
Through the CBSE Class 11 accountancy syllabus, students will acquire a solid foundation in accounting and finance.
Here is a list of topics included in the first chapter of CBSE class 11 accountancy syllabus:
| CHAPTER 1 - INTRODUCTION TO ACCOUNTING | |
| 1.1 | Accounting |
| 1.2 | Concept |
| 1.3 | Meaning |
| 1.4 | As a Source of Information |
| 1.5 | Objectives |
| 1.6 | Advantages and limitations |
| 1.7 | Types of accounting information |
| 1.8 | Users of accounting information and their needs |
| 1.9 | Qualitative Characteristics of Accounting Information |
| 1.10 | Role of Accounting in Business |
| 1.11 | Basic Accounting Terms |
| 1.12 | Entity |
| 1.13 | Business Transaction |
| 1.14 | Capital, Drawings |
| 1.15 | Liabilities (Non Current and Current) |
| 1.16 | Assets (Non Current, Current) |
| 1.17 | Expenditure (Capital and Revenue) |
| 1.18 | Expense |
| 1.19 | Income, Profit |
| 1.20 | Revenue |
| 1.21 | Gain |
| 1.22 | Loss |
| 1.23 | Purchase |
| 1.24 | Sales |
| 1.25 | Goods |
| 1.26 | Stock |
| 1.27 | Debitor |
| 1.28 | Creditor |
| 1.29 | Voucher |
| 1.30 | Discount (Trade discount and Cash Discount) |
CBSE Class 11 Syllabus Accountancy Chapter 2 - Theory Base of Accounting
The theory base of accounting forms the foundation for understanding the principles and concepts of financial reporting. It encompasses the conceptual framework, which provides a systematic framework for preparing and presenting financial statements. In CBSE Class 11 accountancy syllabus, the theory base of accounting is a crucial topic, covered extensively.
Here is a list of topics included in the second chapter of CBSE class 11 accountancy syllabus:
| CHAPTER 2 - THEORY BASE OF ACCOUNTING | |
| 2.1 | Fundamental accounting assumptions: GAAP: Concept |
| 2.2 | Basic accounting concepts |
| 2.3 | Business Entity |
| 2.4 | Money Measurement |
| 2.5 | Going Concern |
| 2.6 | Accounting Period |
| 2.7 | Cost Concept |
| 2.8 | Dual Aspect |
| 2.9 | Revenue Recognition |
| 2.10 | Matching |
| 2.11 | Full Disclosure |
| 2.12 | Consistency |
| 2.13 | Conservatism |
| 2.14 | Materiality and Objectivity |
| 2.15 | System of Accounting. |
| 2.16 | Basis of Accounting: cash basis and accrual basis |
| 2.17 | Accounting Standards: Applicability in IndAS |
| 2.18 | Goods and Services Tax (GST): Characteristics and Advantages. |
CBSE Class 11 Accountancy Syllabus Chapter 3 - Recording of Business Transactions
Business transactions are a fundamental aspect of financial management, encompassing various steps to record, classify, summarise, and interpret financial transactions. It involves several stages, starting with the identification and analysis of transactions.
CBSE Class 11 accountancy syllabus covers all these key concepts and procedures to provide students with a comprehensive understanding of the accounting process.
Here is a list of topics included in the third chapter of CBSE class 11 accountancy syllabus:
| CHAPTER 3 - RECORDING OF BUSINESS TRANSACTIONS | |
| 3.1 | Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers |
| 3.2 | Accounting Equation Approach: Meaning and Analysis, Rules of Debit and Credit. |
| 3.3 | Recording of Transactions: Books of Original Entry- Journal |
| 3.4 | Special Purpose books |
| 3.5 | Cash Book: Simple, cash book with bank column and petty cash book |
| 3.6 | Purchases book |
| 3.7 | Sales book |
| 3.8 | Purchases return book |
| 3.9 | Sales return book |
| 3.10 | Journal proper |
| 3.11 | Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts |
CBSE Class 11 Accountancy Syllabus Chapter 4 - Bank Reconciliation Statement
A Bank Reconciliation Statement (BRS) is an important tool in accounting that helps ensure the accuracy of a company's financial records. It is part of the CBSE class 11 accountancy syllabus and plays a vital role in understanding the subject.
CBSE recognizes the significance of BRS and includes it multiple times in the CBSE class 11 accountancy syllabus to provide a comprehensive understanding of the topic.
Here is a list of topics included in the fourth chapter of CBSE class 11 accountancy syllabus:
| CHAPTER 4 - BANK RECONCILIATION STATEMENT | |
| 4.1 | Need and preparation |
| 4.2 | Bank Reconciliation Statement |
CBSE Class 11 Accountancy Syllabus Chapter 5 - Depreciation, Provisions and Reserves
Depreciation, Provisions, and Reserves are crucial concepts covered in the CBSE class 11 accountancy syllabus. Depreciation refers to the systematic allocation of an asset's cost over its useful life. Reserves, on the other hand, are profits set aside for specific purposes or contingencies. Understanding these concepts is essential for students pursuing accountancy as it lays the foundation for accurate financial reporting and analysis.
Here is a list of topics included in the fifth chapter of CBSE class 11 accountancy syllabus:
| CHAPTER 5: DEPRECIATION, PROVISIONS AND RESERVES | |
| 5.1 | Depreciation: Meaning, Features, Need, Causes, factors |
| 5.2 | Other similar terms: Depletion and Amortisation |
| 5.3 | Methods of Depreciation: |
| Straight Line Method (SLM) | |
| Written Down Value Method (WDV) | |
| 5.4 | Difference between SLM and WDV; Advantages of SLM and WDV |
| 5.5 | Method of recording depreciation |
| Charging to asset account | |
| Creating provision for depreciation/accumulated depreciation account | |
| 5.6 | Treatment of disposal of asset |
| 5.7 | Provisions, Reserves, Difference Between Provisions and Reserves. |
| 5.8 | Types of Reserves: |
| Revenue reserve | |
| Capital reserve | |
| General reserve | |
| Specific reserve | |
| Secret Reserve | |
| 5.9 | Difference between capital and revenue reserve |
CBSE Class 11 Accountancy Syllabus Chapter 6 - Trial balance and Rectification of Errors
Trial balance is an important concept in accounting, covered in the CBSE class 11 accountancy syllabus. It is a statement that lists all the ledger account balances, both debit and credit, to ensure that the total debits equal the total credits. Rectification of errors is another crucial topic in the syllabus. Errors can be classified as errors of omission, commission, or principle, and rectification methods. Understanding trial balance and rectification of errors is vital for accurate financial reporting.
Here is a list of topics included in the sixth chapter of CBSE class 11 accountancy syllabus:
| CHAPTER 6 - TRIAL BALANCE AND RECTIFICATION OF ERRORS | |
| 6.1 | Trial balance: objectives, meaning and preparation |
| 6.2 | Errors: classification-errors of omission, commission, principles, and compensating; their effect on Trial Balance. |
| 6.3 | Detection and rectification of errors; |
| Errors which do not affect trial balance | |
| Errors which affect trial balance | |
| 6.4 | Preparation of suspense account. |
CBSE Class 11 Accountancy Syllabus Chapter 7 - Financial Statements
Financial statements are essential tools for analyzing a company's financial health and performance. They provide a snapshot of its economic activities, profitability, and cash flows. In the CBSE class 11 accountancy syllabus, students learn about financial statements, including the balance sheet, income statement, and cash flow statement. CBSE class 11 accountancy syllabus emphasizes the importance of mastering financial statements for a comprehensive understanding of financial management.
Here is a list of topics included in the seventh chapter of the CBSE class 11 accountancy syllabus:
| CHAPTER 7 - FINANCIAL STATEMENTS | |
| 7.1 | Meaning |
| 7.2 | objectives and importance |
| 7.3 | Revenue and Capital Receipts |
| 7.4 | Revenue and Capital Expenditure |
| 7.5 | Deferred Revenue expenditure |
| 7.6 | Opening journal entry |
| 7.7 | Trading and Profit and Loss Account: Gross Profit, Operating profit and Net profit. Preparation. |
| 7.8 | Balance Sheet: need, grouping and marshalling of assets and liabilities. |
| 7.9 | Adjustments in preparation of financial statements with respect to |
| Closing stock | |
| Outstanding expenses | |
| Prepaid expenses | |
| Accrued income | |
| Income received in advance | |
| Depreciation | |
| Bad debts | |
| 7.10 | Provision for doubtful debts |
| 7.11 | Provision for discount on debtors |
| 7.12 | Abnormal loss |
| 7.14 | Goods taken for personal use/staff welfare |
| 7.15 | Interest on capital and managers commission |
| 7.16 | Preparation of Trading and Profit and Loss account and Balance Sheet of a sole proprietorship with adjustments |
CBSE Class 11 Accountancy Syllabus Project Work
The CBSE Class 11 Accountancy syllabus covers the collection of source documents and the preparation of vouchers for recording transactions.
- Students learn how to prepare a Bank Reconciliation Statement using the cash book and pass book with a specified number of transactions.
- The syllabus includes a comprehensive project on a sole proprietorship business, starting with journal entries and ledgering. It also involves preparing a Trial balance, Trading and Profit and Loss Account, and Balance Sheet.
- To visually represent the financial information, students are expected to create pie charts or bar diagrams depicting expenses, incomes, profit (loss), assets, and liabilities.
Refer to the table below to gain insights of the syllabus of the other important subjects of CBSE Class 11.
CBSE Class 11 Accountancy Syllabus FAQs
Q1. How many chapters are included in the NCERT Textbook for Class 11 Accountancy Solutions?
Ans. The NCERT Textbook for Class 11 Accountancy Solutions includes 15 chapters.
Q2. Is it difficult to learn Class 11 CBSE Accountancy?
Ans. No, learning CBSE Accountancy Class 11 Notes is not difficult. There are several resources available to help students learn more effectively.
Q3. What are the units covered in the CBSE Class 11 Accountancy Syllabus for 2023-24?
Ans. The units covered in the CBSE Class 11 accountancy syllabus are theoretical framework, sole proprietorship financial statements, and accounting process.
Q4. How many parts are there in the CBSE Accountancy Syllabus for Class 11?
Ans. The CBSE class 11 accountancy syllabus is divided into three parts: Part A - Financial Accounting - 1, Part B - Financial Accounting - 2, and Part C - Project Work.
Q5. What is the distribution of marks in the Class 11 Accountancy Syllabus for CBSE?
Ans. Marks distribution for CBSE Class 11 accountancy syllabus is 56 marks for Part A, 24 marks for Part B, and 20 marks for Part C.
