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CBSE Class 11 Accountancy Syllabus 2018 - 2019

CBSE Class 11 Accountancy Syllabus 2018 – 2019 is released by Central Board of Secondary Education (CBSE) recently. The complete syllabus is in this article. Here, students will also get important information related to CBSE class 11 Accountancy paper.

Apr 19, 2018 10:10 IST
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CBSE Class 11 Accountancy Syllabus 2018 - 2019
CBSE Class 11 Accountancy Syllabus 2018 - 2019

CBSE Class 11 Accountancy Syllabus for the new academic session 2018 – 2019 is recently released by CBSE. This syllabus is important for Class 11 commerce students having Accountancy as one of their subjects. Students can also download this from the download link available at the end of this article.

Important portion of CBSE Class 11 Accountancy Syllabus 2018 - 2019 is given below

Name of the units and their weightage

One Paper | Theory: 90 Marks | 3 hours

Units


Marks

Part A: Financial Accounting ‒ I


Unit ‒ 1

Theoretical Framework

15

Unit ‒ 2

Accounting Process

40



55

Part B: Financial Accounting ‒ II


Unit ‒ 3

Financial Statements of Sole Proprietorship from Complete and Incomplete Records

25

Unit ‒ 4

Computers in Accounting

10



35

Part C: Project Work

10

Details of topics and sub-topics to be covered in each unit

Part A: Financial Accounting - I

Unit 1: Theoretical Framework

Introduction to Accounting

• Accounting - concepts 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, Creditor, Voucher, Discount (Trade discount and Cash Discount)

CBSE Class 12 Accountancy Sample Paper: 2018

Theory Base of Accounting

• Fundamental accounting assumptions: GAAP: Concept

• Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism, Materiality and Objectivity

• System of Accounting. Basis of Accounting: cash basis and accrual basis

• Accounting Standards: Need, benefits, limitations, applicability; IFRS- Need

• Goods and Services Tax (GST): Characteristics and Objective.

Unit 2: Accounting Process

Recording of Business Transactions 30 Periods

• 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 cashbook

            • 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

Bank Reconciliation Statement:

            • Need and preparation, Bank Reconciliation Statement with Adjusted Cash Book

Depreciation, Provisions and Reserves. 20 Periods

            • 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 asset account

                        ii. Creating provision for depreciation/accumulated depreciation account

                        iii. Treatment for disposal of 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 Accounting for Bills of Exchange. 20 Periods

• Bill of exchange and Promissory Note: Definition, Specimen, Features, Parties.

• Difference between Bill of Exchange and Promissory

Note

•  Terms in Bill of Exchange:

i. 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. Dishonour of bill

xi. Retirement of bill

xii. Renewal of bill

• Accounting Treatment

Note: excluding accounting treatment for accommodation bill Trial balance and Rectification of Errors 20 Periods

•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.

Part B: Financial Accounting - II

Unit 3: Financial Statements of Sole Proprietorship from Complete and Incomplete Records

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.

Incomplete Records

Features, Reasons and Limitations.

Ascertainment of profit/loss by statement of affairs method.

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 in automation:

(a) Accounting process in a computerised environment; comparison between manual accounting process and computerised accounting process,

(b) Sourcing of accounting software; kinds of software: readymade software; customised 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.

Scope:

(i) 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.

Part C: Project Work (Any One)

1. Collection of source documents, preparation of vouchers, recording of transactions with the help of vouchers.

2. Preparation of Bank Reconciliation Statement with the given cash book and the pass book with twenty to twentyfive transactions.

3. Comprehensive project of any sole proprietorship business. This may state with journal entries and their ledgering, preparation of Trial balance. Trading and Profit and Loss Account and Balance Sheet. Expenses, incomes and profit (loss), assets and liabilities are to be depicted using pie chart / bar diagram.

Comprehensive project list is available in the PDF of the syllabus

Prescribed books

1. Financial Accountancy – I Class XI NCERT Publication

2. Accountancy – II Class XI NCERT Publication

Download CBSE Class 11 Accountancy Syllabus 2018 - 2019

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