Syllabus: Accountancy for Class 11 | Accountancy Class 11 - Commerce PDF Download

 Page 1


 
 
       
  
  
CBSE Class 11 Accountancy Updated Syllabus 
 
CBSE Accountancy Class 11 Syllabus Course Structure 
 
The table below shows the course structure and the distribution of marks in the updated 
Accountancy Class 11 Syllabus. 
 
Part Unit Periods Marks 
A: Financial Accounting-1 Theoretical Framework 25 12 
A: Financial Accounting-1 Accounting Process 115 44 
B: Financial Accounting-II 
Financial Statements of Sole 
Proprietorship 60 24 
C: Project Work Project Work 20 20 
 
Quick Overview of Accountancy Class 11 Syllabus  
  
The Class 11 Accountancy Syllabus provides interesting chapters and topics. It starts with the 
basics of Accounting and later into complex concepts. Check out the table below for a 
breakdown of what you'll be learning in each unit. 
 
PART A: Financial Accounting - I  
 
Unit-1: Theoretical Framework 
 
Units/Topics Learning Outcomes 
Introduction to 
Accounting 
* Describe the meaning, significance, objectives, advantages, and 
limitations of accounting in the modern economic environment.  
* Identify the users of accounting information and their needs.  
Page 2


 
 
       
  
  
CBSE Class 11 Accountancy Updated Syllabus 
 
CBSE Accountancy Class 11 Syllabus Course Structure 
 
The table below shows the course structure and the distribution of marks in the updated 
Accountancy Class 11 Syllabus. 
 
Part Unit Periods Marks 
A: Financial Accounting-1 Theoretical Framework 25 12 
A: Financial Accounting-1 Accounting Process 115 44 
B: Financial Accounting-II 
Financial Statements of Sole 
Proprietorship 60 24 
C: Project Work Project Work 20 20 
 
Quick Overview of Accountancy Class 11 Syllabus  
  
The Class 11 Accountancy Syllabus provides interesting chapters and topics. It starts with the 
basics of Accounting and later into complex concepts. Check out the table below for a 
breakdown of what you'll be learning in each unit. 
 
PART A: Financial Accounting - I  
 
Unit-1: Theoretical Framework 
 
Units/Topics Learning Outcomes 
Introduction to 
Accounting 
* Describe the meaning, significance, objectives, advantages, and 
limitations of accounting in the modern economic environment.  
* Identify the users of accounting information and their needs.  
 
 
       
  
* Explain the various accounting terms and differentiate between related 
terms.  
* Provide examples of accounting terms and concepts.  
* Explain that sales and purchases include both cash and credit 
transactions. 
Theory Base of 
Accounting 
* Differentiate between income, profit, and gains. 
* Explain the fundamental accounting assumptions and their 
importance.  
* Describe the situations where accounting assumptions are applied. * 
Explain the meaning, applicability, objectives, advantages, and 
limitations of accounting standards.  
* Understand the importance of national and global accounting standards 
for consistent financial reporting.  
* Recognize that accounting transactions are recorded using the double-
entry system.  
* Explain the cash basis and accrual basis of accounting and why accrual 
basis is preferred.  
* Explain the meaning, advantages, and characteristics of the Goods and 
Services Tax (GST). 
 
Unit-2: Accounting Process  
 
Units/Topics Learning Outcomes 
Recording of Business 
Transactions 
* Explain the accounting equation and how transactions impact 
it.  
* Explain how transactions affect elements like assets, liabilities, 
capital, revenue, and expenses.  
* Prepare accounting vouchers based on source documents.  
* Record transactions in the journal and calculate GST.  
* Understand the purpose and use different cash book formats to 
record cash transactions.  
* Record non-cash transactions in appropriate subsidiary books.  
* Prepare a bank reconciliation statement to reconcile differences 
between the cash book and bank balances.  
* Understand ledger posting and develop the skill to post 
transactions from journals and subsidiary books. 
Page 3


 
 
       
  
  
CBSE Class 11 Accountancy Updated Syllabus 
 
CBSE Accountancy Class 11 Syllabus Course Structure 
 
The table below shows the course structure and the distribution of marks in the updated 
Accountancy Class 11 Syllabus. 
 
Part Unit Periods Marks 
A: Financial Accounting-1 Theoretical Framework 25 12 
A: Financial Accounting-1 Accounting Process 115 44 
B: Financial Accounting-II 
Financial Statements of Sole 
Proprietorship 60 24 
C: Project Work Project Work 20 20 
 
Quick Overview of Accountancy Class 11 Syllabus  
  
The Class 11 Accountancy Syllabus provides interesting chapters and topics. It starts with the 
basics of Accounting and later into complex concepts. Check out the table below for a 
breakdown of what you'll be learning in each unit. 
 
PART A: Financial Accounting - I  
 
Unit-1: Theoretical Framework 
 
Units/Topics Learning Outcomes 
Introduction to 
Accounting 
* Describe the meaning, significance, objectives, advantages, and 
limitations of accounting in the modern economic environment.  
* Identify the users of accounting information and their needs.  
 
 
       
  
* Explain the various accounting terms and differentiate between related 
terms.  
* Provide examples of accounting terms and concepts.  
* Explain that sales and purchases include both cash and credit 
transactions. 
Theory Base of 
Accounting 
* Differentiate between income, profit, and gains. 
* Explain the fundamental accounting assumptions and their 
importance.  
* Describe the situations where accounting assumptions are applied. * 
Explain the meaning, applicability, objectives, advantages, and 
limitations of accounting standards.  
* Understand the importance of national and global accounting standards 
for consistent financial reporting.  
* Recognize that accounting transactions are recorded using the double-
entry system.  
* Explain the cash basis and accrual basis of accounting and why accrual 
basis is preferred.  
* Explain the meaning, advantages, and characteristics of the Goods and 
Services Tax (GST). 
 
Unit-2: Accounting Process  
 
Units/Topics Learning Outcomes 
Recording of Business 
Transactions 
* Explain the accounting equation and how transactions impact 
it.  
* Explain how transactions affect elements like assets, liabilities, 
capital, revenue, and expenses.  
* Prepare accounting vouchers based on source documents.  
* Record transactions in the journal and calculate GST.  
* Understand the purpose and use different cash book formats to 
record cash transactions.  
* Record non-cash transactions in appropriate subsidiary books.  
* Prepare a bank reconciliation statement to reconcile differences 
between the cash book and bank balances.  
* Understand ledger posting and develop the skill to post 
transactions from journals and subsidiary books. 
 
 
       
  
Depreciation, Provisions, 
and Reserves 
* Explain the concept of depreciation, its purpose, causes, and 
factors.  
* Differentiate between depreciation, depletion, and 
amortisation.  
* Understand and use different methods of depreciation (straight 
line and written down value).  
* Record depreciation using two methods: charging to the asset 
account and creating a provision for depreciation.  
* Explain the accounting treatment of asset disposal.  
* Understand the need for provisions and reserves.  
* Differentiate between provisions and reserves, and various 
types of reserves (revenue, capital, general, specific, and secret).  
* Distinguish between capital and revenue reserves. 
Trial Balance and 
Rectification of Errors 
* Explain the purpose and objectives of preparing a trial balance, 
and develop the skill to create one.  
* Understand different types of accounting errors and their impact 
on the trial balance.  
* Identify, locate, and rectify errors, including those that don't 
affect the trial balance.  
* Prepare a suspense account. 
 
Part B: Financial Accounting - II  
Unit 3: Financial Statements of Sole Proprietorship 
Units/Topics Learning Outcomes 
Financial 
Statements 
* Explain the meaning and purpose of financial statements.  
* Define gross profit, operating profit, and net profit, and prepare a trading 
and profit and loss account.  
* Understand the need for and prepare a balance sheet.  
* Apply techniques for grouping and marshalling assets and liabilities.  
* Recognize the need for adjustments to the trial balance when preparing 
financial statements.  
* Understand and perform adjustments for various items (depreciation, 
closing stock, provisions, etc.) in financial statements.  
* Develop the skill to prepare trading and profit and loss accounts and 
balance sheets. 
Page 4


 
 
       
  
  
CBSE Class 11 Accountancy Updated Syllabus 
 
CBSE Accountancy Class 11 Syllabus Course Structure 
 
The table below shows the course structure and the distribution of marks in the updated 
Accountancy Class 11 Syllabus. 
 
Part Unit Periods Marks 
A: Financial Accounting-1 Theoretical Framework 25 12 
A: Financial Accounting-1 Accounting Process 115 44 
B: Financial Accounting-II 
Financial Statements of Sole 
Proprietorship 60 24 
C: Project Work Project Work 20 20 
 
Quick Overview of Accountancy Class 11 Syllabus  
  
The Class 11 Accountancy Syllabus provides interesting chapters and topics. It starts with the 
basics of Accounting and later into complex concepts. Check out the table below for a 
breakdown of what you'll be learning in each unit. 
 
PART A: Financial Accounting - I  
 
Unit-1: Theoretical Framework 
 
Units/Topics Learning Outcomes 
Introduction to 
Accounting 
* Describe the meaning, significance, objectives, advantages, and 
limitations of accounting in the modern economic environment.  
* Identify the users of accounting information and their needs.  
 
 
       
  
* Explain the various accounting terms and differentiate between related 
terms.  
* Provide examples of accounting terms and concepts.  
* Explain that sales and purchases include both cash and credit 
transactions. 
Theory Base of 
Accounting 
* Differentiate between income, profit, and gains. 
* Explain the fundamental accounting assumptions and their 
importance.  
* Describe the situations where accounting assumptions are applied. * 
Explain the meaning, applicability, objectives, advantages, and 
limitations of accounting standards.  
* Understand the importance of national and global accounting standards 
for consistent financial reporting.  
* Recognize that accounting transactions are recorded using the double-
entry system.  
* Explain the cash basis and accrual basis of accounting and why accrual 
basis is preferred.  
* Explain the meaning, advantages, and characteristics of the Goods and 
Services Tax (GST). 
 
Unit-2: Accounting Process  
 
Units/Topics Learning Outcomes 
Recording of Business 
Transactions 
* Explain the accounting equation and how transactions impact 
it.  
* Explain how transactions affect elements like assets, liabilities, 
capital, revenue, and expenses.  
* Prepare accounting vouchers based on source documents.  
* Record transactions in the journal and calculate GST.  
* Understand the purpose and use different cash book formats to 
record cash transactions.  
* Record non-cash transactions in appropriate subsidiary books.  
* Prepare a bank reconciliation statement to reconcile differences 
between the cash book and bank balances.  
* Understand ledger posting and develop the skill to post 
transactions from journals and subsidiary books. 
 
 
       
  
Depreciation, Provisions, 
and Reserves 
* Explain the concept of depreciation, its purpose, causes, and 
factors.  
* Differentiate between depreciation, depletion, and 
amortisation.  
* Understand and use different methods of depreciation (straight 
line and written down value).  
* Record depreciation using two methods: charging to the asset 
account and creating a provision for depreciation.  
* Explain the accounting treatment of asset disposal.  
* Understand the need for provisions and reserves.  
* Differentiate between provisions and reserves, and various 
types of reserves (revenue, capital, general, specific, and secret).  
* Distinguish between capital and revenue reserves. 
Trial Balance and 
Rectification of Errors 
* Explain the purpose and objectives of preparing a trial balance, 
and develop the skill to create one.  
* Understand different types of accounting errors and their impact 
on the trial balance.  
* Identify, locate, and rectify errors, including those that don't 
affect the trial balance.  
* Prepare a suspense account. 
 
Part B: Financial Accounting - II  
Unit 3: Financial Statements of Sole Proprietorship 
Units/Topics Learning Outcomes 
Financial 
Statements 
* Explain the meaning and purpose of financial statements.  
* Define gross profit, operating profit, and net profit, and prepare a trading 
and profit and loss account.  
* Understand the need for and prepare a balance sheet.  
* Apply techniques for grouping and marshalling assets and liabilities.  
* Recognize the need for adjustments to the trial balance when preparing 
financial statements.  
* Understand and perform adjustments for various items (depreciation, 
closing stock, provisions, etc.) in financial statements.  
* Develop the skill to prepare trading and profit and loss accounts and 
balance sheets. 
 
 
       
  
Incomplete 
Records 
* Explain the features, reasons, and limitations of incomplete records.  
* A Certain profit or loss using the statement of affairs method (excluding 
the conversion method). 
Part C: Project Work (Any One) 
 1. Collection of source documents, preparation of vouchers, and recording of transactions 
with the help of vouchers.  
2. Preparation of Bank Reconciliation Statement with the given cash book and the pass book 
with twenty to twenty-five transactions.  
3. Comprehensive project of any sole proprietorship business. This may be stated with 
journal entries and their lingering preparation of Trial balance. Trading and Profit and Loss 
Account and Balance Sheet. Expenses, incomes, profit (loss), assets, and liabilities are to be 
depicted using a pie chart/bar diagram. This may include simple GST-related transactions. 
CBSE Accountancy Class 11 Syllabus - (055) Question Paper Design  
 
The Central Board of Secondary Education (CBSE) has released the question paper design for 
the upcoming academic year Accountancy exam for Class 11 (code 055). This breakdown 
outlines the format and types of questions you can expect for the test. 
 
S.No. Typology of Questions Marks  Percentage 
 
Remembering and Understanding 
Exhibit memory of previously learned material by recalling facts, 
terms, basic concepts, and answers. Demonstrate understanding of 
facts and ideas by organising, comparing, translating, interpreting, 
giving descriptions, and stating main ideas  44 55 
 
Applying 
Solve problems in new situations by applying acquired 
knowledge, facts, techniques, and rules in a different way.  19 23.75 
 
Analysing, Evaluating, and Creating 
Examine and break information into parts by identifying motives 
or causes. Make inferences and find evidence to support 
generalisations. Present and defend opinions by making 
judgments about information, validity of ideas, or quality of work 17 21.25 
Page 5


 
 
       
  
  
CBSE Class 11 Accountancy Updated Syllabus 
 
CBSE Accountancy Class 11 Syllabus Course Structure 
 
The table below shows the course structure and the distribution of marks in the updated 
Accountancy Class 11 Syllabus. 
 
Part Unit Periods Marks 
A: Financial Accounting-1 Theoretical Framework 25 12 
A: Financial Accounting-1 Accounting Process 115 44 
B: Financial Accounting-II 
Financial Statements of Sole 
Proprietorship 60 24 
C: Project Work Project Work 20 20 
 
Quick Overview of Accountancy Class 11 Syllabus  
  
The Class 11 Accountancy Syllabus provides interesting chapters and topics. It starts with the 
basics of Accounting and later into complex concepts. Check out the table below for a 
breakdown of what you'll be learning in each unit. 
 
PART A: Financial Accounting - I  
 
Unit-1: Theoretical Framework 
 
Units/Topics Learning Outcomes 
Introduction to 
Accounting 
* Describe the meaning, significance, objectives, advantages, and 
limitations of accounting in the modern economic environment.  
* Identify the users of accounting information and their needs.  
 
 
       
  
* Explain the various accounting terms and differentiate between related 
terms.  
* Provide examples of accounting terms and concepts.  
* Explain that sales and purchases include both cash and credit 
transactions. 
Theory Base of 
Accounting 
* Differentiate between income, profit, and gains. 
* Explain the fundamental accounting assumptions and their 
importance.  
* Describe the situations where accounting assumptions are applied. * 
Explain the meaning, applicability, objectives, advantages, and 
limitations of accounting standards.  
* Understand the importance of national and global accounting standards 
for consistent financial reporting.  
* Recognize that accounting transactions are recorded using the double-
entry system.  
* Explain the cash basis and accrual basis of accounting and why accrual 
basis is preferred.  
* Explain the meaning, advantages, and characteristics of the Goods and 
Services Tax (GST). 
 
Unit-2: Accounting Process  
 
Units/Topics Learning Outcomes 
Recording of Business 
Transactions 
* Explain the accounting equation and how transactions impact 
it.  
* Explain how transactions affect elements like assets, liabilities, 
capital, revenue, and expenses.  
* Prepare accounting vouchers based on source documents.  
* Record transactions in the journal and calculate GST.  
* Understand the purpose and use different cash book formats to 
record cash transactions.  
* Record non-cash transactions in appropriate subsidiary books.  
* Prepare a bank reconciliation statement to reconcile differences 
between the cash book and bank balances.  
* Understand ledger posting and develop the skill to post 
transactions from journals and subsidiary books. 
 
 
       
  
Depreciation, Provisions, 
and Reserves 
* Explain the concept of depreciation, its purpose, causes, and 
factors.  
* Differentiate between depreciation, depletion, and 
amortisation.  
* Understand and use different methods of depreciation (straight 
line and written down value).  
* Record depreciation using two methods: charging to the asset 
account and creating a provision for depreciation.  
* Explain the accounting treatment of asset disposal.  
* Understand the need for provisions and reserves.  
* Differentiate between provisions and reserves, and various 
types of reserves (revenue, capital, general, specific, and secret).  
* Distinguish between capital and revenue reserves. 
Trial Balance and 
Rectification of Errors 
* Explain the purpose and objectives of preparing a trial balance, 
and develop the skill to create one.  
* Understand different types of accounting errors and their impact 
on the trial balance.  
* Identify, locate, and rectify errors, including those that don't 
affect the trial balance.  
* Prepare a suspense account. 
 
Part B: Financial Accounting - II  
Unit 3: Financial Statements of Sole Proprietorship 
Units/Topics Learning Outcomes 
Financial 
Statements 
* Explain the meaning and purpose of financial statements.  
* Define gross profit, operating profit, and net profit, and prepare a trading 
and profit and loss account.  
* Understand the need for and prepare a balance sheet.  
* Apply techniques for grouping and marshalling assets and liabilities.  
* Recognize the need for adjustments to the trial balance when preparing 
financial statements.  
* Understand and perform adjustments for various items (depreciation, 
closing stock, provisions, etc.) in financial statements.  
* Develop the skill to prepare trading and profit and loss accounts and 
balance sheets. 
 
 
       
  
Incomplete 
Records 
* Explain the features, reasons, and limitations of incomplete records.  
* A Certain profit or loss using the statement of affairs method (excluding 
the conversion method). 
Part C: Project Work (Any One) 
 1. Collection of source documents, preparation of vouchers, and recording of transactions 
with the help of vouchers.  
2. Preparation of Bank Reconciliation Statement with the given cash book and the pass book 
with twenty to twenty-five transactions.  
3. Comprehensive project of any sole proprietorship business. This may be stated with 
journal entries and their lingering preparation of Trial balance. Trading and Profit and Loss 
Account and Balance Sheet. Expenses, incomes, profit (loss), assets, and liabilities are to be 
depicted using a pie chart/bar diagram. This may include simple GST-related transactions. 
CBSE Accountancy Class 11 Syllabus - (055) Question Paper Design  
 
The Central Board of Secondary Education (CBSE) has released the question paper design for 
the upcoming academic year Accountancy exam for Class 11 (code 055). This breakdown 
outlines the format and types of questions you can expect for the test. 
 
S.No. Typology of Questions Marks  Percentage 
 
Remembering and Understanding 
Exhibit memory of previously learned material by recalling facts, 
terms, basic concepts, and answers. Demonstrate understanding of 
facts and ideas by organising, comparing, translating, interpreting, 
giving descriptions, and stating main ideas  44 55 
 
Applying 
Solve problems in new situations by applying acquired 
knowledge, facts, techniques, and rules in a different way.  19 23.75 
 
Analysing, Evaluating, and Creating 
Examine and break information into parts by identifying motives 
or causes. Make inferences and find evidence to support 
generalisations. Present and defend opinions by making 
judgments about information, validity of ideas, or quality of work 17 21.25 
 
 
       
  
based on a set of criteria. Compile information together in a 
different way by combining elements in a new pattern or 
proposing alternative solutions.  
 
TOTAL 80 100 
 
Prescribed Books for Class 11 Accountancy:  
 
• Financial Accounting -I Class XI NCERT Publication  
• Accountancy -II Class XI NCERT Publication