CBSE Class 11 Accounting Banking Transactions

Read and download CBSE Class 11 Accounting Banking Transactions in NCERT book for Class 11 Accountancy. You can download latest NCERT eBooks chapter wise in PDF format free from Studiestoday.com. This Accountancy textbook for Class 11 is designed by NCERT and is very useful for students. Please also refer to the NCERT solutions for Class 11 Accountancy to understand the answers of the exercise questions given at the end of this chapter

NCERT Book for Class 11 Accountancy Banking Transactions

Class 11 Accountancy students should refer to the following NCERT Book Banking Transactions in Class 11. This NCERT Book for Class 11 Accountancy will be very useful for exams and help you to score good marks

Banking Transactions NCERT Book Class 11

Banking Transactions

Meaning of Bank

Bank is a German word which means ‘to collect’. The main function of the banks is collection of funds as deposit's. with time bank have started performing other functions such as lending money, etc.

Banks have now occupied a very important place in the economic structure of the country. After independence, in order to achieve the social objectives of the country, banks were nationallised. According to the 20 Point Programme of then government, banks were entrusted with the responsibility of developing the undeveloped regions of the country. With time, the functions of banks have evolved may be defined as they financial institutions dealing in money and credit to achieve the economic and social objectives of the business. According to the Indian Banking Companies Act 1949, “A bank is an institution accepting, for the purpose of lending or investment, in deposit money from public repayable on demand or otherwise, withdrawal by cheque, drafts, order or otherwise”.

In the words of R.S. Mayers, “Banks are institutions whose debts are referred to as ‘bank deposits’ and they are commonly accepted in final settlment of other peoples debts”.

According to Justice Homes, “The real business of a banker is to obtain deposits of money which he may use for his own profit by lending it out again”.

There are various types of banks as shown below.

• Commercial Banks – These banks have been established to assist trade, commerce and industry in their efforts towords development. Commercial banks assist their customers by depositing their funds in various accounts and releasing them as per their requirement. In current account overdraft facilities are also granted. Assistance is also provided by financing trade, commerce and industry. Individual persons can also open their account in commercial banks. In addition to the main functions of accepting deposits and lending money, commercial banks render various agency and other services.

• Agricultural Banks – Agriculture needs both short-term and long-term loans. The former loans are required for purchasing seeds, manure, oxen and plough etc. These short-term needs are met by cooperative banks. Long-term financial needs are regarding purchase of land, tractor, other equipments and for installation of tubewells. These needs are met by land mortgage to banks also known as agricultural banks.

• Industrial Banks – Industry needs long-term funds and this requirement cannot be effectively met by commercial banks. It is, therefore, necessary that industrial banks, be set up to meet the financial requirements of industrial enterprises. Unfortunately, in India, we do not have sufficient number of industrial banks. Instead, we haveIndustrial Development Bank of India and various financial corporate to meet the financial needs of industrial enterprises. In western countries like UK and USA, there are a large number of industrial banks.

• Exchange Banks – These banks help in the payments and financing of foreign trade. Many Indian commercial banks provide exchange services also. Mostly foreign banks work as exchange banks in India. Such banks are Citibank, Bank of Tokyo, Grindlays Bank, Chartered Bank etc. These banks deal in foreign exchange.

• Indigenous Banks – Before Independence, the financial needs of farmers and small business units were met by indigenous banks in rural areas. These banks were operated by seths, sahukars, mahajans, sardars etc. The special feature of these banks to advance loans at a very high rate of interest. Farmers and borrowers may approach them at any time. However, they have to pledge their ornaments, land or valuables. These banks are virtually exploiters of poor rural people. In spite of our development in financial fields by establishing big banks and financial corporations, indigenous banks are still serving the needs of the poor masses.

• Cooperative Banks – These banks are formed on a cooperative basis to meet the financial requirements of their members . The rate of interest is very low. The idea behind formation of these banks is to provide financial assistance to the weaker sections of the society. The government makes funds available to these banks at concessional rates.

• Central Bank – Every country has a central bank which is responsible for the overall control of cash and credit money. In India, Reserve Bank of India works as the central bank of the country.

 

Please refer to the link below - CBSE Class 11 Accounting-Banking Transactions

Chapter 02 Theory Base of Accounting
NCERT Class 11 Accountancy Theory Base of Accounting
Chapter 03 Recording of Transactions-I
NCERT Class 11 Accountancy Recording of Transaction I
Chapter 04 Recording of Transactions-II
NCERT Class 11 Accountancy Recording of Transactions II
Chapter 05 Bank Reconciliation Statement
NCERT Class 11 Accountancy Bank Reconciliation Statement
Chapter 06 Trial Balance and Rectification of Errors
NCERT Class 11 Accountancy Trail Balance and Rectification of Errors
Chapter 07 Depreciation, Provisions and Reserves
NCERT Class 11 Accountancy Depreciation Provision and Reserves
Chapter 09 Financial Statements - I
NCERT Class 11 Accountancy Financial Statements I
Chapter 10 Financial Statements - II
NCERT Class 11 Accountancy Financial Statements II
Chapter 11 Accounts from Incomplete Records
NCERT Class 11 Accountancy Accounts from Incomplete Records
Chapter 12 Applications of Computers in Accounting
NCERT Class 11 Accountancy Applications of Computers in Accounting
Chapter 13 Computerised Accounting System
NCERT Class 11 Accountancy Computerised Accounting System
Chapter 14 Structuring Database for Accounting
NCERT Class 11 Accountancy Structuring Database for Accounting
Chapter 15 Accounting System Using Database Management System
NCERT Class 11 Accountancy Accounting System Using Database Management System

Accountancy NCERT Book Class 11 Banking Transactions

The above NCERT Books for Class 11 Accountancy Banking Transactions have been published by NCERT for latest academic session. The textbook by NCERT for Banking Transactions Accountancy Class 11 is being used by various schools and almost all education boards in India. Teachers have always recommended students to refer to Banking Transactions NCERT etextbooks as the exams for Class 11 Accountancy are always asked as per the syllabus defined in these ebooks. These Class 11 Banking Transactions book for Accountancy also includes collection of question. We have also provided NCERT solutions for Class 11 Accountancy which have been developed by teachers of StudiesToday.com after thorough review of the latest book and based on pattern of questions in upcoming exams for Class 11 students.

NCERT Book Class 11 Accountancy Banking Transactions

The latest NCERT book for Banking Transactions pdf have been published by NCERT based on the latest research done for each topic which has to be taught to students in all classes. The books for Class 11 Accountancy Banking Transactions are designed to enhance the overall understanding of students. All Class 11 NCERT textbooks have been written in an easy to understand language which will help to enhance the overall level of Class 11 students. 

Banking Transactions NCERT Book Class 11 Accountancy

As the students of Class 11 need the books for their regular studies, we have provided all NCERT book for Banking Transactions in pdf here for free download. All pdf NCERT books available here for Class 11 will help them to read on their mobile or computers. They can take a print of the Class 11 Accountancy NCERT Book Banking Transactions pdf easily and use them for studies. The NCERT textbooks for Class 11 Accountancy have been provided chapter-wise and can be downloaded for free of cost. 

Class 11 Accountancy Banking Transactions NCERT Book

Along with Accountancy Class 11 NCERT Book in Pdf for Banking Transactions we have provided all NCERT Books in English Medium for Class 11 which will be really helpful for students who have opted for english language as a medium. Class 11 students will need their books in English so we have provided them here for all subjects in Class 11.

Class 11 Banking Transactions NCERT Book Accountancy

For Class 11 Banking Transactions we have provided books for students who have opted for Hindi and Urdu medium too. You can click on the links provided above to download all Hindi medium Class 11 Accountancy Banking Transactions book in easy to read pdf format. These books will help Class 11 Accountancy students to understand all topics and also strictly follow latest syllabus for their studies. If you are looking to download the pdf version of Class 11 Accountancy Banking Transactions textbook issued by NCERT then you have come to the correct website

Where can I download latest NCERT Book for Class 11 Accountancy Banking Transactions

You can download the NCERT Book for Class 11 Accountancy Banking Transactions for latest session from StudiesToday.com

Can I download the NCERT Books of Class 11 Accountancy Banking Transactions in Pdf

Yes, you can click on the link above and download chapter wise NCERT Books in PDFs for Class 11 for Accountancy Banking Transactions

Are the Class 11 Accountancy Banking Transactions NCERT Book available for the latest session

Yes, the NCERT Book issued for Class 11 Accountancy Banking Transactions have been made available here for latest academic session

How can I download the Class 11 Accountancy Banking Transactions NCERT Book

You can easily access the link above and download the Class 11 NCERT Books Accountancy Banking Transactions for each chapter

Is there any charge for the NCERT Book for Class 11 Accountancy Banking Transactions

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How can I improve my scores by reading NCERT Book in Class 11 Accountancy Banking Transactions

Regular revision of NCERT Books given on studiestoday for Class 11 subject Accountancy Banking Transactions can help you to score better marks in exams