CBSE Class 11 Accountancy Financial Statements Notes

Download CBSE Class 11 Accountancy Financial Statements Notes in PDF format. All Revision notes for Class 11 Accountancy have been designed as per the latest syllabus and updated chapters given in your textbook for Accountancy in Class 11. Our teachers have designed these concept notes for the benefit of Class 11 students. You should use these chapter wise notes for revision on daily basis. These study notes can also be used for learning each chapter and its important and difficult topics or revision just before your exams to help you get better scores in upcoming examinations, You can also use Printable notes for Class 11 Accountancy for faster revision of difficult topics and get higher rank. After reading these notes also refer to MCQ questions for Class 11 Accountancy given on studiestoday

Revision Notes for Class 11 Accountancy Chapter 9 Financial Statements - I

Class 11 Accountancy students should refer to the following concepts and notes for Chapter 9 Financial Statements - I in Class 11. These exam notes for Class 11 Accountancy will be very useful for upcoming class tests and examinations and help you to score good marks

Chapter 9 Financial Statements - I Notes Class 11 Accountancy

CBSE Class XI Accountancy - Financial Statements. Learning the important concepts is very important for every student to get better marks in examinations. The concepts should be clear which will help in faster learning. The attached concepts made as per NCERT and CBSE pattern will help the student to understand the chapter and score better marks in the examinations.

class_11_Accountancy_concept_11

“Financial Statements of a company shows its financial position for the current year”

Meaning : The financial statement provide a summary of the accounts of a business enterprise. Financial statement include two statements include two statements :

i) „Trading and Profit and Loss Account‟ or Income Statement‟ (To Know Profit or loss)

ii) Balance Sheet (To know value of assets and liabilities on the closing date of an accounting period)

Users of Accounting Information :

Internal Users : Management, Employees, Current owners

External Users : Potential Investors Government, Banks/Lenders, Stock Exchange, Suppliers and Trade Creditors, Public.

Capital Nature Items:

Capital Expenditure : Those expenditures which are incurred in acquiring and increasing the value of fixed assets. Ex.

1. Purchase of fixed assets or bringing into existence of fixed assets

2. Expenditure incurred on erection of a fixed asset

3. Payment of goodwill

4. Decrease in long term debts.

5. Capital Receipts : Any receipt from the sale of fixed assets is known as capital receipt.

Revenue Nature items : Revenue Receipts : Receipts in the business of recuirring nature are called as Revenue receipts ex: rent received, discount received, commission received Revenue Expenditures : Recurring nature of expenditure done in the business which are done in order to earn profit are known as revenue expenditure ex.:

1. Purchase of goods during the year

2. Money spent in acquiring or manufacturing goods like freight, carriage, wages etc. Any expenses for meeting day to day business like wages, salaries, postage etc. 

OPERATING PROFIT AND NET PROFIT

After getting Gross Profit from the business. Profit may be divided into two parts :

1 Operating Profit,

2 Net Profit Operating Profit : Operating profit is that profit which is earned through the normal activities of the business. It can be ascertained by deducting aqll operating expenses from the gross profit.

2. Net Profit : Net profit is that profit which is earned after deducting all operating as well as non operating expenses from the Gross Profit.

Trading Account :

Trading account is prepared to know the result of manufacturing and trading activities :

Ex: Prepare A Trading Account from the following particulars for the year ender March 31, 2007.

Opening Stock           56,250

Purchases                157500

Sales                       405000

Wages                     45000

Solution : Trading Account for the year ended March

class_11_Accountancy_concept_12


 CBSE Class 11 Accountancy Financial Statements Notes

 CBSE Class 11 Accountancy Financial Statements Notes

 CBSE Class 11 Accountancy Financial Statements Notes

 CBSE Class 11 Accountancy Financial Statements Notes

Please click the link below to download pdf file for CBSE Class 11 Accountancy Financial Statements Notes

z Other Important Topics for Class 11 Accountancy
CBSE Class 11 Accountancy Topics For Projects

More Study Material

CBSE Class 11 Accountancy Chapter 9 Financial Statements - I Notes

We hope you liked the above notes for topic Chapter 9 Financial Statements - I which has been designed as per the latest syllabus for Class 11 Accountancy released by CBSE. Students of Class 11 should download and practice the above notes for Class 11 Accountancy regularly. All revision notes have been designed for Accountancy by referring to the most important topics which the students should learn to get better marks in examinations. Studiestoday is the best website for Class 11 students to download all latest study material.

Notes for Accountancy CBSE Class 11 Chapter 9 Financial Statements - I

Our team of expert teachers have referred to the NCERT book for Class 11 Accountancy to design the Accountancy Class 11 notes. If you read the concepts and revision notes for one chapter daily, students will get higher marks in Class 11 exams this year. Daily revision of Accountancy course notes and related study material will help you to have a better understanding of all concepts and also clear all your doubts. You can download all Revision notes for Class 11 Accountancy also from www.studiestoday.com absolutely free of cost in Pdf format. After reading the notes which have been developed as per the latest books also refer to the NCERT solutions for Class 11 Accountancy provided by our teachers

Chapter 9 Financial Statements - I Notes for Accountancy CBSE Class 11

All revision class notes given above for Class 11 Accountancy have been developed as per the latest curriculum and books issued for the current academic year. The students of Class 11 can rest assured that the best teachers have designed the notes of Accountancy so that you are able to revise the entire syllabus if you download and read them carefully. We have also provided a lot of MCQ questions for Class 11 Accountancy in the notes so that you can learn the concepts and also solve questions relating to the topics. All study material for Class 11 Accountancy students have been given on studiestoday.

Chapter 9 Financial Statements - I CBSE Class 11 Accountancy Notes

Regular notes reading helps to build a more comprehensive understanding of Chapter 9 Financial Statements - I concepts. notes play a crucial role in understanding Chapter 9 Financial Statements - I in CBSE Class 11. Students can download all the notes, worksheets, assignments, and practice papers of the same chapter in Class 11 Accountancy in Pdf format. You can print them or read them online on your computer or mobile.

Notes for CBSE Accountancy Class 11 Chapter 9 Financial Statements - I

CBSE Class 11 Accountancy latest books have been used for writing the above notes. If you have exams then you should revise all concepts relating to Chapter 9 Financial Statements - I by taking out a print and keeping them with you. We have also provided a lot of Worksheets for Class 11 Accountancy which you can use to further make yourself stronger in Accountancy

Where can I download latest CBSE Class 11 Accountancy Chapter 9 Financial Statements - I notes

You can download notes for Class 11 Accountancy Chapter 9 Financial Statements - I for latest academic session from StudiesToday.com

Can I download the Notes for Chapter 9 Financial Statements - I Class 11 Accountancy in Pdf format

Yes, you can click on the link above and download notes PDFs for Class 11 Accountancy Chapter 9 Financial Statements - I which you can use for daily revision

Are the revision notes available for Chapter 9 Financial Statements - I Class 11 Accountancy for the latest CBSE academic session

Yes, the notes issued for Class 11 Accountancy Chapter 9 Financial Statements - I have been made available here for latest CBSE session

How can I download the Chapter 9 Financial Statements - I Class 11 Accountancy Notes pdf

You can easily access the link above and download the Class 11 Notes for Accountancy Chapter 9 Financial Statements - I for each topic in Pdf

Is there any charge for the Class 11 Accountancy Chapter 9 Financial Statements - I notes

There is no charge for the notes for CBSE Class 11 Accountancy Chapter 9 Financial Statements - I, you can download everything free of charge

Which is the best online platform to find notes for Chapter 9 Financial Statements - I Class 11 Accountancy

www.studiestoday.com is the best website from which you can download latest notes for Chapter 9 Financial Statements - I Accountancy Class 11

Where can I find topic-wise notes for Class 11 Accountancy Chapter 9 Financial Statements - I

Come to StudiesToday.com to get best quality topic wise notes for Class 11 Accountancy Chapter 9 Financial Statements - I

Can I get latest Chapter 9 Financial Statements - I Class 11 Accountancy revision notes as per CBSE syllabus

We have provided all notes for each topic of Class 11 Accountancy Chapter 9 Financial Statements - I as per latest CBSE syllabus