West Bengal Board Class 11 Accountancy Syllabus 2024-25: Download Subject Syllabus PDF For Free

The main objectives of the Accountancy Course at the senior secondary level are to: 

Introduce basic accounting concepts and standards to students. 

 Familiarize students with components of financial statements. 

 Instil an understanding of recording business transactions and preparing financial statements.  Enable students to handle accounting for Not-for-Profit organizations, Partnership firms, and Company accounts. 

Empower students to conduct post-analysis of Balance Sheets and other financial statements using tools like Comparative and Common Size Statements and Ratios.

 Develop students' skills in designing need-based accounting databases. 

Emphasize the role of Information and Communication Technology (ICT) in business operations. 

Semester 1

Introduction & Theory Base of Accounting 

Fundamental Accounting Process – I 

Reserves & Provisions 

Bills of Exchange (Excluding Retiring, Renewal and Accommodating Bills)

Semester 2

Fundamental Accounting Process – II 

Final Accounts of Sole Proprietor 

Accounts of Non-Profit Seeking Organization 

Accounts from Incomplete Records (Excluding conversion to Double Entry
System) 

Semester 1

Unit 1 Introduction & Theory Base of Accounting  

Accounting: Meaning, Accounting as a source of information, Objectives and limitations.Users of accounting information and their needs.Sub-fields of Accounting (Financial Accounting, Cost Accounting and Management Accounting). 

Basic Accounting Terms: Entity, Business Transaction, Capital, Drawings, Liabilities (Non-Current and Current), Assets (Non-Current, Current); Expense, Revenue, Income, Profit, Gain, Loss, Purchase, Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash discount), Contingent Assets and Contingent Liabilities, Revenue and Capital Receipts, Revenue and Capital Expenditure, Deferred Revenue Expenditure. 

GAAP (Generally Accepted Accounting Principles): Concept.  

Basic Accounting 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: Single Entry and Double Entry.  

Basis of Accounting: Cash Basis and Accrual Basis.  

Valuation Principles: Historical Cost, Current Cost, Realizable Value and Present Value.  Accounting Standards: Objectives of Accounting Standards (AS) and Indian Accounting Standards (Ind AS). Applicability of Ind AS.  

Goods and Service Tax (GST): Characteristics and Advantages.  

Unit 2 Fundamental Accounting Process – I  

Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers.

Fundamental Accounting Equation: Meaning and Analysis. 

Rules of Debit and Credit.

Book of Original Entry: Journal.

Special Purpose Books: Purchases Book, Sales Book, Purchases Return Book, Sales Return Book, Journal Proper.

Rectification of Errors (Before Preparation of Trial Balance):

Classification of Errors: Errors of Omission, Errors of Commission, Errors of Principles, and Compensating Errors.

Detection and Rectification of Errors.  

Unit 3 Reserves & Provisions 

Provisions, Reserves – Meaning.

Difference Between Provisions and Reserves. 

Types of Reserves: i. Revenue Reserve ii. Capital Reserve iii. General Reserve iv. Specific Reserve v. Secret Reserve.

Difference between Capital Reserve and Revenue Reserve.

Unit 4 Bills of Exchange (Excluding retiring, renewal and
accommodating Bills)  

Bills of Exchange and Promissory Note: Definition, features, parties, specimen and distinction.  Important Terms: Terms of Bill, Due Date, Days of Grace, Date of Maturity, Bill at Sight, Bill after Date, Discounting of Bill, Endorsement of Bill, Bill sent for Collection, Dishonour of Bill and Noting of Bill.  Accounting treatment of bills of exchange till dishonour of bill. 

Semester 2

Unit 1 Fundamental Accounting Process – II 

Ledger: Format, Posting from Journal and Subsidiary Books, Balancing of Accounts. 

Cash Book: Simple Cash Book, Cash Book with Cash and Bank Column and Petty Cash Book.

Trial Balance: Objectives, Meaning and Preparation of Trial Balance from Balances only. 

Bank Reconciliation Statement: Need; Preparation of Bank Reconciliation Statement(excluding amended cash book).

Rectification of Errors (After preparation of Trial Balance but excluding after preparation of Final Accounts): Preparation of Suspense Account.

Depreciation: Meaning, Need for providing Depreciation, factors to be considered while computing Depreciation. 

Methods of Depreciation:i. Straight Line Method (SLM) ii. Written Down Value Method (WDV). Difference between SLM and WDV; 

Method of recording Depreciation by charging to asset account onlyincluding purchase and sale of Depreciable Assets.

Note – Excluding change of Method of Depreciation.

Unit 2 Final Accounts of Sole Proprietor  

Meaning, Objectives and Importance.

Preparation of Manufacturing Account.

  Trading and Profit and Loss Account: Concepts of Gross profit, Operating profit and Net profit.  Balance Sheet: Need, grouping and marshalling of assets and liabilities. 

Preparation of Trading and Profit and Loss account and Balance Sheet of a sole proprietorship concern with adjustments:

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 and Manager’s Commission.

Unit 3 Accounts of Non-Profit Seeking Organizations 

Non-Profit Seeking organizations: Concept.

Receipts and Payments Account: Meaning and Features. 

Income and Expenditure Account: Meaning and Features. 

Preparation of Income and Expenditure Account from the given Receipts and Payments Account with additional information.

Unit 4 Accounts from Incomplete Records (Excluding
conversion to Double Entry System)  

Features, reasons and limitations. 

Preparation of Statement of Profit / Loss and Statement of Affairs.