Syllabus for Commerce Class 11 Accountancy
Commerce Basic Accounting Terms:
- Definition of Accounting
- Accounting Principles and Concepts
- Accounting Standards
- Types of Accounts
- Golden Rules of Accounting
Commerce Accounting Equation:
- Meaning and Definition of Accounting Equation
- Types of Accounting Equation
- Components of Accounting Equation
Commerce Accounting Procedures- Rules of Debit and Credit:
- Meaning of Debit and Credit
- Rules of Debit and Credit
- Classification of Accounts
- Journal Entries
Commerce Origin of Transactions- Source Documents and Preparation of Vouchers:
- Meaning of Source Documents
- Types of Source Documents
- Preparation of Vouchers
- Voucher Entry in Journal
Commerce Journal:
- Meaning and Definition of Journal
- Types of Journal
- Rules of Journalizing
- Advantages of Journal
Commerce Ledger:
- Meaning and Definition of Ledger
- Types of Ledger
- Posting in Ledger
- Balancing of Ledger Accounts
Commerce Special Purpose Books I- Cash Book:
- Meaning and Definition of Cash Book
- Types of Cash Book
- Recording of Transactions in Cash Book
- Bank Reconciliation Statement
Commerce Special Purpose Books II- Other Books:
- Purchase Book
- Sales Book
- Purchase Return Book
- Sales Return Book
- Bills Receivable Book
- Bills Payable Book
Commerce Bank Reconciliation Statement:
- Meaning and Definition of Bank Reconciliation Statement
- Need for Bank Reconciliation Statement
- Preparation of Bank Reconciliation Statement
- Causes of Differences in Bank Balance and Cash Book Balance
Commerce Trial Balance:
- Meaning and Definition of Trial Balance
- Objectives of Trial Balance
- Preparation of Trial Balance
- Limitations of Trial Balance
Commerce Depreciation:
- Meaning of Depreciation
- Causes of Depreciation
- Methods of Calculation of Depreciation
- Accounting Treatment of Depreciation
Commerce Accounting for Bills of Exchange:
- Meaning and Definition of Bills of Exchange
- Parties Involved in Bills of Exchange
- Features of Bills of Exchange
- Accounting Treatment of Bills of Exchange
Commerce Rectification of Errors:
- Types of Errors
- Detection and Rectification of Errors
- Suspense Account
- Rectification of Errors in Journal and Ledger
Commerce Financial Statements of Sole Proprietorship:
- Meaning and Definition of Financial Statements
- Components of Financial Statements
- Trading Account
- Profit and Loss Account
- Balance Sheet
Commerce Adjustments in Preparation of Financial Statements:
- Meaning and Definition of Adjustments
- Types of Adjustments
- Accounting Treatment of Adjustments
- Impact of Adjustments on Financial Statements
Commerce Accounts from Incomplete Records-Single Entry System:
- Meaning and Definition of Incomplete Records
- Single Entry System
- Accounting from Incomplete Records
- Preparation of Trading and Profit and Loss Account
In conclusion, this syllabus covers the fundamentals of Commerce and Accountancy for Class 11 students. It includes basic accounting terms, accounting procedures, types of books, financial statements, and adjustments. The syllabus is designed to give students a comprehensive understanding of accounting principles and practices. All topics are covered in detail with examples and exercises to ensure that students have a clear understanding of the subject.
This course is helpful for the following exams: Commerce