CBSE Class 11 Accountancy Syllabus - Free PDF Download
FAQs on CBSE Class 11 Accountancy 2024-25: Updated Syllabus
1. What is the Objective and Aim of the Class 11 Accountancy Syllabus?
The emphasis of the course is on developing a basic understanding of accounting in the students of class 11. Accountancy as a subject is introduced after Class 10th. The syllabus of Class 11 provides an insight into the fundamentals of accountancy. The course is designed to develop a firm foundation of clear theoretical knowledge about the subject. The theoretical framework allows students to properly understand the concepts of accounting, its objectives, meaning and importance. These are critical in learning the practical aspect of using accountancy tools in the preparation of financial statements.
Furthermore, the course allows the students to engage in the practical aspect of accountancy by having them do project work that puts them in a real-life case scenario. It builds their aptitude, evaluation and problem-solving skills in the longer run. This also increases their dexterity in solving accounting problems.
2. What is the Examination Pattern for Class 11 Accountancy Paper?
The theoretical examination is for 80 marks and the time allotted is 3 hours. Students are required to solve different types of questions such as as- Objective type questions, Very short answer type questions, short answer type questions and long answer type questions. These questions test the student’s knowledge of the theory and application of concepts.
Remembering and Understanding (44 Marks): Students are required to exhibit memory of learned concepts and terms of accountancy. Your ideas need to be well organised and logical to portray your clear understanding of the topic.
Application Based (19 Marks): Students need to use their knowledge of the concepts in solving problems that are new to them. It tests the application of underlying knowledge in students.
Analysing, Evaluating and Creating: It requires students to logically analyse given information, process it and answer them according to their interpretation.
3. What is there in unit 1 of the accounting syllabus? Does vedantu provide syllabus ? What is the source of this syllabus?
Unit-1: Theoretical Framework
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, Profit, 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
Vedantu has all the syllabus attached with the link, This syllabus is written down by referring all the CBSE Textbooks
4. What is unit 2 of the CBSE Syllabus for Class 11 Accountancy Term (1 & 2) 2024-25?
Vedantu has all the unit syllabus available on their website. 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 cash book
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 Amortization
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. Specific reserve
v. Secret Reserve
Difference between capital and revenue reserve