Accountancy is a systematic procedure of recognizing, documenting, calculating, categorising, substantiating, summarizing, elucidating and liaising financial data. It divulges profit or loss for a given period of time and nature and value of a firm’s assets, liabilities and owner’s’ equity. Class 11 Accountancy furnishes a broad degree of concepts and introduction to the subject which incorporates all the questions provided in the chapters provided in the Accountancy syllabus.
Accountancy or Accounting is a structure that is meant for measuring trade pursuits, actioning of data into reports and making the findings obtainable to the decision-makers. The documents, which collaborate these findings of the procurement of an establishment in monetary terms, are called financial statements. Accounting is elucidated as a ‘Business Language’.
Accounting assists the establishment to be able to fix the financial 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 significant economic decisions by scrutinizing the past performance. A certificate or diploma in accounting and finance helps the students learn such skills that are helpful in different industries. Accountancy syllabus for class 11, chapter wise is given below.
|Chapters||Name of the Chapters|
|Chapter 1||Introduction to Accounting|
|Chapter 2||Theory Base of Accounting|
|Chapter 3||Recording of Transactions – 1|
|Chapter 4||Recording of Transactions – 2|
|Chapter 5||Bank Reconciliation statement|
|Chapter 6||Trial Balance and Rectification of Errors|
|Chapter 7||Depreciation, Provisions and Reserves|
|Chapter 8||Bills of Exchange|
|Chapter 9||Financial Statements – 1|
|Chapter 10||Financial Statements – 2|
|Chapter 11||Accounts of Incomplete Records|
|Chapter 12||Applications of Computers in Accounting|
|Chapter 13||Computerised Accounting System|
The above mentioned is the syllabus for class 11 Accountancy. To know more, 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.