NCERT Solutions for Class 11 Accountancy

Part 1: Accountancy - Financial Accounting

Chapter - 1 Introduction to Accounting

In this chapter the main key concepts you will be reading are Meaning of Accounting, Accounting as a Source of Information, Objectives of Accounting, along with you will also learn about Role of Accounting, and Basic Terms in Accounting.

Chapter - 2 Theory Base of Accounting

In this chapter the main key concepts you will be reading are Generally Accepted Accounting Principles (GAAP), Basic Accounting Concepts, along with you will also learn about Systems of Accounting, Basis of Accounting, and Accounting Standards.

Chapter - 3 Recording of Transactions – I

In this chapter the main key concepts you will be reading are Business Transactions and Source Document, Accounting Equation, along with you will also learn about Using Debit and Credit, Books of Original Entry, the Ledger, Posting from Journal.

Chapter - 4 Recording of Transactions - II

In this chapter the main key concepts you will be reading are Cash Book, Purchases (Journal) Book, Purchases Return (Journal) Book, Sales (Journal) Book, Sales Return (Journal) Book, along with you will also learn about Journal Proper, Balancing the Accounts.

Chapter - 5 Bank Reconciliation Statement

In this chapter the main key concepts you will be reading are Need for Reconciliation, along with you will also learn about Preparation of Bank Reconciliation Statement.

Chapter - 6 Trial Balance and Rectification of Errors

In this chapter the main key concepts you will be reading are Meaning of Trial Balance, Objectives of Preparing the Trial Balance, Preparation of Trial Balance, along with you will also learn about Significance of Agreement of Trial Balance, Searching of Errors, Rectification of Errors.

Chapter - 7 Depreciation, Provisions and Reserves

In this chapter the main key concepts you will be reading are 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, along with you will also learn about Methods of Recording Depreciation, Disposal of Asset, Effect of any Addition or Extension to the Existing Asset, Provisions, Reserves, Secret Reserve

Chapter - 8 Bill of Exchange

In this chapter the main key concepts you will be reading are Meaning of Bill of Exchange, Promissory Note, Advantages of bill of exchange, along with you will also learn about Maturity of Bill, Discounting of Bill, Endorsement of Bill, Accounting Treatment, Dishonour of a Bill, Renewal of the Bill, Retiring of the Bill.

Part 2: Accountancy - Not-For-Profit Organisation

Chapter - 1 Accounting for Share Capital

In this chapter the main key concepts you will be reading are Features of a Company, Kinds of Companies, Share Capital of a Company, along with you will also learn about Nature and Classes of Shares, Issue of Shares, Accounting Treatment, Forfeiture of Shares.

Chapter - 2 Issue and Redemption of Debentures

In this chapter the main key concepts you will be reading are Meaning of Debentures, Distinction between Shares and Debentures, Types of Debentures, Issue of Debentures, Over Subscription, Issue of Debentures for Consideration other than Cash, Issue of Debentures as a Collateral Security, along with you will also learn about Terms of Issue of Debentures, Interest on Debentures, Writing off Discount/Loss on Issue of Debentures, Redemption of Debentures, Redemption by Payment in Lump Sum, Redemption by Purchase in Open Market, Redemption by Conversion.

Chapter - 3 Financial Statements of a Company

In this chapter the main key concepts you will be reading are Meaning of Financial Statements, Nature of Financial Statements, Objectives of Financial Statements, Types of Financial Statements, along with you will also learn about Uses and Importance of Financial Statements, Limitations of Financial Statements.

Chapter - 4 Analysis of Financial Statements

In this chapter the main key concepts you will be reading are Meaning of Analysis of Financial Statements, Significance of Analysis of Financial Statements, Objectives of Analysis of Financial Statements, along with you will also learn about Tools of Analysis of Financial Statements, Comparative Statements, Common Size Statement, and Limitations of Financial Analysis.

Chapter - 5 Accounting Ratios

In this chapter the main key concepts you will be reading are Meaning of Accounting Ratios, Objectives of Ratio Analysis, Advantages of Ratio Analysis, Limitations of Ratio Analysis, along with you will also learn about Types of Ratios, Liquidity Ratios, Solvency Ratios, Activity (or Turnover) Ratio, Profitability Ratios.

Chapter - 6 Cash Flow Statement

In this chapter the main key concepts you will be reading are Objectives of Cash Flow Statement, Benefits of Cash Flow Statement, Cash and Cash Equivalents, Cash Flows, Classification of Activities for the Preparation of Cash Flow Statement, along with you will also learn about Ascertaining Cash Flow from Operating Activities, Ascertainment of Cash Flow from Investing and Financing Activities, Preparation of Cash Flow Statement.