CBSE Class 11 Accountancy Syllabus 2011-2012

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Part A: Financial Accounting - I 

Unit 1: Introduction to Accounting 

  •  Accounting- objectives, advantages and limitations, types of accounting information; users of accounting information and their needs. Basic accounting terms: business transaction, account, capital, drawings, liability (internal & external, long term & short term) asset ( tangible & intangible, fixed, current, liquid and fictitious) receipts (capital & revenue), expenditure (capital, revenue & deferred), expense, income, profits, gains and losses, purchases, sales, stock, debtors, bills receivable, creditors, bills payable, goods, cost, vouchers, discount - trade and cash.

Unit 2: Theory Base of Accounting 

  •  Fundamental accounting assumptions: going concern, consistency, and accrual.
  •  Accounting principles: accounting entity, money measurement, accounting period, full disclosure, materiality, prudence, cost concept, matching concept and dual aspect.
  •  Double entry system.
  •  Basis of accounting - cash basis and accrual basis.
  •  Accounting standards: concept & objective. IFRS (International Financial Reporting Standards).

Unit 3: Recording of Transactions 

  •  Accounting equation: analysis of transactions using accounting equation.
  •  Rules of debit and credit: for assets, liabilities, capital, revenue and expenses.
  •  Origin of transactions- source documents (invoice, cash memo, pay in slip, cheque), preparation of vouchers - cash (debit & credit) and non cash (transfer).
  •  Books of original entry: format and recording - Journal.
  •  Cash book: simple, cash book with bank column, petty cash book,
  •  Other books: purchases book, sales book, purchases returns book, sales returns book, bills receivable book, bills payable book and journal proper.

Unit 4: Preparation of Ledger, Trial Balance and Bank Reconciliation Statement 

  •  Ledger - format, posting from journal, cash book and other special purpose books, balancing of accounts.
  •  Trial balance: objectives and preparation
  •  Bank reconciliation statement: need and preparation. Corrected cash book balance.

Unit 5: Depreciation, Provisions and Reserves 

  •  Depreciation: concept, need and factors affecting depreciation; methods of computation of depreciation: straight line method, written down value method (excluding change in method)
  •  Accounting treatment of depreciation: by charging to asset account, by creating provision for depreciation/ accumulated depreciation account, treatment of disposal of asset.
  •  Provisions and reserves: concept, objectives and difference between provisions and reserves; types of reserves- revenue reserve, capital reserve, general reserve, specific  reserves and secret reserves.

Unit 6: Accounting for Bills of Exchange 

  •  Bills of exchange and promissory note: definition, features, parties, specimen and distinction. 
  •  Important terms : term 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, dishonor of bill, noting of bill , retirement and  renewal of a bill, insolvency of acceptor.
  •  Accounting treatment of bill transactions

Unit 7: Rectification of Errors 

  •  Errors: types-errors of omission, commission, principles, and compensating; Their effect on Trial Balance.
  •  Detection and rectification of errors; preparation of suspense account.

Please refer to attached file for CBSE Class 11 Accountancy Syllabus 2011-2012


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