Marks Weightage of CBSE Class 11 Accountancy Syllabus Term 1

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Syllabus

CBSE Class 11
Accountancy Syllabus
2021-22

CBSE Class 11 Accountancy Syllabus


furnishes a broad degree of concepts
and introduction to the subject. Students
can directly access the Term Wise CBSE
Accountancy Syllabus for Class 11
academic years 2021-22 by clicking on
the link below. They will Mnd the CBSE
Syllabus for Class 11 Accountancy in
PDF format.

Term Wise CBSE Class 11


Revised Accountancy Syllabus
2021-22: Download PDF
Have a look at the marks weightage of
the CBSE Class 11 Accountancy subject.

Marks Weightage of CBSE Class


11 Accountancy Syllabus Term
1
Theory: 40 Marks
Time: 90 Minutes

Units Term – 1 (MCQ Based Marks


Question Paper)

Part A: Financial Accounting- 12


1

Unit- Theoretical
1 Framework

Introduction to
Accounting
Theory Base of
Accounting

Unit- Accounting Process: 28


2
Recording Of
Business
Transactions,
Bank Reconciliation
Statement,
Depreciation,
Provisions And
Reserves

Total Theory 40

Project Work (Part -1) 10

CBSE Syllabus for Class 11


Accountancy Term 1
Unit-1: Theoretical Frame Work
Introduction to Accounting
Accounting – concept, objectives,
advantages and limitations, types of
accounting information; users of
accounting information and their
needs. Qualitative Characteristics of
Accounting Information. Role of
Accounting in Business
Basic Accounting Terms – Business
Transaction, Capital, Drawings.
Liabilities (Non Current and
Current). Assets (Non Current,
Current); Fixed assets (Tangible and
Intangible), Expenditure (Capital and
Revenue), Expense, Income, ProMt,
Gain, Loss, Purchase, Sales, Goods,
Stock, Debtor, Creditor, Voucher,
Discount (Trade discount and Cash
Discount)
Theory Base of Accounting
Fundamental accounting
assumptions: GAAP: 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. Basis of
Accounting: cash basis and accrual
basis
Accounting Standards: Applicability
in IndAS
Goods and Services Tax (GST):
Characteristics and Objective
Unit-2: Accounting Process
Recording of Business Transactions
Voucher and Transactions: Source
documents and Vouchers,
Preparation of Vouchers,
Accounting Equation Approach:
Meaning and Analysis, Rules of
Debit and Credit.
Recording of Transactions: Books of
Original Entry- Journal
Special Purpose books
Cash Book: Simple, cash book with
bank column and petty cashbook
Purchases book
Sales book
Purchases return book
Sales return book
Ledger:
Format, Posting from journal and
subsidiary books, Balancing of
accounts
Bank Reconciliation Statement:
Need and preparation
Depreciation, Provisions and Reserves
Depreciation: Concept, Features,
Causes, factors
Other similar terms: Depletion and
Amortisation
Methods of Depreciation:
i. Straight Line Method (SLM)
ii. Written Down Value Method
(WDV)
Difference between SLM and WDV;
Advantages of SLM and WDV
Accounting treatment of
depreciation
i. Charging to asset account
ii. Creating provision for
depreciation/accumulated
depreciation account
Provisions and Reserves: Difference
Types of Reserves:
i. Revenue reserve
ii. Capital reserve
iii. General reserve
iv. SpeciMc reserve
v. Secret Reserve
Difference between capital and
revenue reserve

Marks Weightage of CBSE Class


11 Accountancy Syllabus Term
2
Theory: 40 Marks

Units Term – 2 Marks

Part A 12

Unit- Accounting Process:


2
Accounting For Bills
Of Exchange
Trial Balance And
RectiMcation Of Errors

Unit- Part B: Financial 28


3, 4 Accounting-II

Financial Statements
Of Sole Proprietorship
From Complete And
Incomplete Records
Computers In
Accounting

Total Theory 40

Project Work (Part -2) 10

Accounting for Bills of Exchange


Bill of exchange and Promissory,
Note: DeMnition, Specimen,
Features, Parties
Difference between Bill of Exchange
and Promissory Note
Terms in Bill of Exchange:
i. Term of Bill
ii. Accommodation bill (concept)
iii. Days of Grace
iv. Date of maturity
v. Discounting of bill
vi. Endorsement of bill
vii. Bill after due date
viii. Negotiation
ix. Bill sent for collection
x. Dishonour of bill
Accounting Treatment
Trial balance and RectiNcation of Errors
Trial balance: objectives and
preparation
Errors: types-errors of omission,
commission, principles, and
compensating; their effect on Trial
Balance
Detection and rectiMcation of errors;
preparation of suspense account

Part B: Financial Accounting – II


Unit 3: Financial Statements of Sole
Proprietorship
Financial Statements
Meaning, objectives and importance;
Revenue and Capital Receipts; Revenue
and Capital Expenditure; Deferred
Revenue expenditure. Trading and ProMt
and Loss Account: Gross ProMt,
Operating ProMt and Net proMt.
Preparation. Balance Sheet: need,
grouping and marshalling of assets and
liabilities. Preparation. Adjustments in
preparation of Mnancial statements with
respect to 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, interest on
capital and managers commission.
Preparation of Trading and ProMt and
Loss account and Balance Sheet of a
sole proprietorship with adjustments.
Incomplete Records
Features, reasons and limitations.
Ascertainment of ProMt/Loss by
Statement of Affairs method.
Unit 4: Computers in Accounting
Introduction to computer and
accounting information system
{AIS}: Introduction to computers
(elements, capabilities, limitations
of computer system)
Accountancy is a systematic procedure
of recognising, documenting, calculating,
categorising, substantiating,
summarising, elucidating and liaising
Mnancial data. It divulges proMt or loss
for a given period of time and nature and
value of a Mrm’s assets, liabilities and
owner’s’ equity.
Accountancy or Accounting is a structure
that is meant for measuring trade
pursuits, actioning of data into reports
and making the Mndings obtainable to
the decision-makers. The documents,
which collaborate these Mndings of the
procurement of an establishment in
monetary terms, are called Mnancial
statements. Accounting is elucidated as
a ‘Business Language’.
Accounting assists the establishment to
be able to Mx the Mnancial position of the
business. With all accounting pursuits,
the ultimate report furnished assists the
management to be aware of the
business position, so they can be able to
know which direction they are heading
towards. Accountancy helps in taking
signiMcant economic decisions by
scrutinising the past performance. A
certiMcate or diploma in Accounting and
Finance helps the students learn such
skills that are helpful in different
industries.
Stay tuned to BYJU’S for more
information on CBSE Class 11 syllabus,
previous years question papers,
important questions, exam pattern,
sample papers and more.

Important Topics in Accountancy:


What is a Balance Sheet?
Partnership Deed
What is Goodwill?
Treatment of Goodwill
What Is Partnership

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