Table of Contents
CBSE Class 11 Accountancy Syllabus 2023-24: The Central Board of Secondary Education (CBSE) has recently released the official CBSE Class 11 Accountancy Syllabus for the academic year 2023-24. This syllabus serves as a detailed guide for students, highlighting the topics they need to cover for their final exams. Updated PDF links for the CBSE Class 11 Accountancy Syllabus can be found on the official website for easy access. The following article discusses the CBSE Class 11 Accountancy Syllabus.
CBSE Class 11 Accountancy Syllabus 2023-24
The CBSE Class 11 Accountancy Syllabus for the academic year 2023-24 covers the following topics. Below given is a breakdown of the marks weightage for the Accountancy subject according to the CBSE Syllabus:
Theory: 80 Marks
Time: 3 Hours
Marks: 100
| Units | Marks |
| Part A: Financial Accounting-I | |
| Unit-1: Theoretical Framework | 12 |
| Unit-2: Accounting Process | 44 |
| Part B: Financial Accounting-II | |
| Unit-3: Financial Statements of Sole Proprietorship | 24 |
| Part C: Project Work | 20 |
Class 11 Accountancy Syllabus PDF
Below given is the list of the chapters included in the CBSE Class 11 Syllabus of Accountancy. To access the CBSE Syllabus for Class 11 Accountancy, simply click on the provided link:
Click to Download: CBSE Class 11 Accountancy Syllabus 2023-24 PDF
Part A: Financial Accounting-I
Unit-1: Theoretical Frame Work
Introduction to Accounting
- Concept and meaning of accounting
- Objectives of Accounting
- Advantages of accounting
- Limitations of Accounting
- Users and different types of accounting information
- Qualitative Characteristics of Accounting Information
- Role of Accounting in Business
Basic Accounting Terms:
- Entity
- Business Transaction
- Capital
- Drawings
- Liabilities
- Assets
- Expenditure
- Revenue
- Income
- Profit
- Gain
- Loss
- Purchase
- Sales
- Goods
- Stock
- Debtor
- Creditor
- Voucher
- Discount
Theory Base of Accounting:
- Fundamental accounting assumptions
- Basic accounting concept
- GAAP
- Basis of Accounting
- Accounting Standards
- Goods and Services Tax (GST)
Unit-2: Accounting Process
Recording of Business Transactions
- Voucher and Transactions
- Accounting Equation Approach
- Rules of Debit and Credit
Books of Original Entry:
- Journal
- Cash Book
- Purchases book
- Sales book
- Purchases return book
- Sales return book
- Journal proper
Ledger:
- Format
- Posting from journal and subsidiary books
- Balancing of accounts
- Bank Reconciliation Statement
- Depreciation
- Provisions
- Reserves
Methods of Depreciation:
- Straight Line Method (SLM)
- Written Down Value Method (WDV)
- Treatment of disposal of asset
- Provisions
- Reserves
- Trial balance
- Detection and rectification of errors
- Preparation of suspense account
Part B: Financial Accounting – II
Unit 3: Financial Statements of Sole Proprietorship
Financial Statements
- Meaning, objectives, and importance
- Revenue and Capital Receipts
- Revenue and Capital Expenditure
- Deferred Revenue expenditure
- Opening journal entry
- Trading and Profit and Loss Account
- Gross Profit
- Operating profit
- Net profit
Balance Sheet:
- Need of Balance sheet
- grouping
- marshalling of assets and liabilities;
- Adjustments in financial statements as per 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
- manager’s commission
- Profit and Loss account in trading
- Sole proprietorship Balance Sheet with adjustments
Part C: Project Work (Any one)
- Collection of Source Documents and Voucher Preparation:
Task: Gather source documents and prepare vouchers.
Description: Collect various source documents such as invoices, receipts, bills, etc., and create corresponding vouchers for each transaction. Record these transactions accurately using the prepared vouchers.
- Preparation of Bank Reconciliation Statement:
Task: Create a Bank Reconciliation Statement.
Description: Utilize the provided cash book and pass book with twenty to twenty-five transactions to reconcile the differences between the two records. Prepare a Bank Reconciliation Statement highlighting the reconciled balance.
- Comprehensive Project for a Sole Proprietorship Business:
Task: Undertake a detailed project for a sole proprietorship business.
Description: Initiate the project by entering journal entries. Proceed to prepare a Trial Balance, Trading and Profit and Loss Account, and Balance Sheet. Additionally, represent the financial data including expenses, incomes, profit (loss), assets, and liabilities through a pie chart or bar diagram for better visualisation.
Class 11 Accountancy Syllabus PDF Download Link
The CBSE Class 11 Accountancy syllabus for the academic year 2023-24 explains details of the chapters included in the Accountancy syllabus of class 11. The proper understanding of the Accountancy syllabus helps students in preparing for their Accountancy final exam effectively. To create a strategic exam preparation plan, students are encouraged to download the Class 11 Accountancy Syllabus PDF. Students can visit the below to download the Class 11 Accountancy Syllabus PDF.
CBSE Class 11 Accountancy Syllabus: Preparation Tips
Studying accountancy effectively can be rewarding with the right approach. Here are some tips to help you excel in your accountancy studies:
- Understand the Basics: Ensure you have a strong grasp of fundamental concepts like debit, credit, journal entries, and ledger posting. These basics form the foundation of more advanced topics.
- Practice Regularly: Practice solving problems regularly to reinforce your understanding of concepts. Use textbooks, study guides, and online resources to find practice questions and exercises.
- Create a Study Schedule: Allocate specific time slots for studying accountancy in your daily or weekly schedule. Consistency is key, so stick to your study plan.
- Seek Clarification: Don’t hesitate to ask your teachers, classmates, or online forums for clarification if you’re stuck on a concept. Understanding is crucial before moving on to more advanced topics.
- Use Visual Aids: Visual aids like diagrams, charts, and graphs can help simplify complex topics and improve your understanding. Create your own visual aids or use those provided in textbooks and online resources.
- Review Regularly: Review previously learned concepts regularly to reinforce your understanding and prevent forgetting. Consider creating summary notes or flashcards for quick review.
- Apply Concepts: Try to relate accounting concepts to real-life situations or business scenarios. Understanding how concepts apply in practical situations can deepen your understanding.
- Join Study Groups: Studying with peers can be beneficial as you can discuss concepts, share study resources, and learn from each other’s perspectives. Consider joining or forming a study group with classmates.
- Use Technology: Take advantage of accounting software and online tools to practice accounting transactions, prepare financial statements, and analyze data. Familiarizing yourself with accounting software can be valuable for future career opportunities.
- Stay Organized: Keep your study materials, notes, and assignments organized to avoid confusion and save time when studying. Use folders, binders, or digital tools to keep track of your resources.
- Remember to stay patient and persistent in your studies. Accountancy can be challenging at times, but with dedication and effort, you can master the subject and achieve your academic goals.
CBSE Class 11 Accountancy Syllabus: FAQs
What topics are covered in the CBSE Class 11 Accountancy Syllabus?
The CBSE Class 11 Accountancy Syllabus covers various topics including Introduction to Accounting, Theoretical Framework, Recording of Business Transactions, Bank Reconciliation Statement, Depreciation, Provisions and Reserves, Financial Statements of Sole Proprietorship, and Project Work.
Where can I find the CBSE Class 11 Accountancy Syllabus for the academic year 2023-24?
The CBSE Class 11 Accountancy Syllabus for the academic year 2023-24 can be accessed on the official website of the Central Board of Secondary Education (CBSE). Students can download the syllabus in PDF format from the website.
Are there specific weightages assigned to different units in the CBSE Class 11 Accountancy Syllabus?
Yes, there are specific weightages assigned to different units in the CBSE Class 11 Accountancy Syllabus. For example, in the 2023-24 syllabus, the marks weightage for Theory is 80 marks, and it includes Part A: Financial Accounting-I, Part B: Financial Accounting-II, and Part C: Project Work.
