PSEB Class 11 Accountancy Syllabus: Students of PSEB Class 11 can now access the latest syllabus for the 2024-2025 academic session. For those with the Commerce stream, the syllabus of Accountancy subject is provided in this article. We have provided the detailed and updated Accountancy syllabus which is released by the Punjab School Education Board (PSEB) officially for Class 11.
The PSEB Class 11 Accountancy Syllabus 2024-2025 introduces students to the fundamental concepts of accounting. The syllabus explores the following areas of accountancy:
- Understanding the meaning, purpose, and role of accounting in businesses
- Understanding the accounting principles
- Learning the recording of transactions
- Preparing financial statements
- Learning advanced concepts needed for accurate financial statements
Students can know the detailed course structure and the chapter-wise list of topics prescribed for PSEB Class 11 Accountancy by going through the complete syllabus provided below.
PSEB Class 11 Accountancy Examination Scheme 2024-2025
The Accountancy exam will be for 100 marks. It will include an annual theory examination, practical exam and internal assessment with the mark break up as follows:
| Components of Exam | Marks |
| Theory Paper | 80 |
| Practical Exam | 15 |
| Internal Assessment | 05 |
| Total | 100 |
PSEB Class 11 Accountancy Syllabus 2024-25
Check the names of units and topics mentioned under them for PSEB Class 11 Chemistry curriculum below:
Unit-1 Introduction to Accounting
- Meaning of Accounting
- Accounting as a Source of Information
- Objectives of Accounting
- Role of Accounting
- Basic Terms in Accounting
Unit -2 Theory Base of Accounting
- Generally Accepted Accounting Principles (GAAP)
- Basic Accounting Concepts
- Systems of Accounting
- Basis of Accounting
- Accounting Standards
Unit -3 Recording of Transactions – I
- Business Transactions and Source Document
- Accounting Equation
- Using Debit and Credit
- Books of Original Entry
- The Ledger
- Posting from Journal
Unit -4 Recording of Transactions - II
- Cash Book
- Purchases (Journal) Book
- Purchases Return (Journal) Book
- Sales (Journal) Book
- Sales Return (Journal) Book
- Journal Proper
- Balancing the Accounts
Unit -5 Bank Reconciliation Statement
- Need for Reconciliation
- Preparation of Bank Reconciliation Statement
Unit -6 Trial Balance and Rectification of Errors
- Meaning of Trial Balance
- Objectives of Preparing the Trial Balance
- Preparation of Trial Balance
- Significance of Agreement of Trial Balance
- Searching of Errors
- Rectification of Errors
Unit -7 Depreciation, Provisions and Reserves
- Depreciation
- Depreciation and other Similar Terms
- Causes of Depreciation
- Need for Depreciation
- Factors Affecting the Amount of Depreciation
- Methods of Calculating Depreciation Amount
- Straight Line Method and Written Down Method: A
- Comparative Analysis
- Methods of Recording Depreciation
- Disposal of Asset
- Effect of any Addition or Extension to the Existing Asset
- Provisions
- Reserves
- Secret Reserve
Unit -8 Financial Statements - I
- Stakeholders and their Information Requirements
- Distinction between Capital and Revenue
- Financial Statements
- Trading and Profit and Loss Account
- Operating Profit (EBIT)
- Balance Sheet
- Opening Entry
Unit -9 Financial Statements - II
- Need for Adjustments
- Closing Stock
- Outstanding Expenses
- Prepaid Expenses
- Accrued Income
- Income Received in Advance
- Depreciation
- Bad Debts
- Provision for Bad and Doubtful Debts
- Provision for Discount on Debtors
- Manager’s Commission
- Interest on Capital
- Preparation of Trading and Profit & Loss Account and Balance Sheet of
- Sole Proprietor with adjustments.
Download the syllabus PDF from the following link:
| PSEB Class 11 Accountancy Syllabus 2024-2025 PDF |
Also Check: PSEB Class 11 Syllabus 2024-2025 (All Subjects)
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