ACCOUNTANCY

Accountancy Class XI

Comprehensive Digital Textbook | Session 2025-26

Part / Units	Marks Weightage
Part A: Financial Accounting-I	56 Marks
Part B: Financial Accounting-II	24 Marks
Part C: Project Work	20 Marks
Grand Total	100 Marks

Unit 1: Theoretical Framework

12 MARKS

Chapter 1: Introduction to Accounting

• Meaning, Objectives, and Types of Accounting Information
• Users of Accounting Information and Their Needs
• Qualitative Characteristics of Accounting Information. Role of Accounting in Business.
• Basic Accounting Terms

Chapter 2: Theory Base of Accounting

• GAAP Concept: Generally Accepted Accounting Principles
• Fundamental Assumptions: Going Concern, Consistency, and Accruals
• Basic Accounting Concepts: Entity, Money Measurement, Period, Dual Aspect, Cost
• Accounting Principles: Revenue Recognition, Matching, Disclosure, Prudence, etc.
• Systems of Accounting: Cash Basis vs. Accrual Basis
• Accounting Standards (AS) and IFRS / IndAS
• Goods and Services Tax (GST): Concept and Characteristics

Unit 2: Accounting Process

44 MARKS

Chapter 3: Recording of transactions - I

• Business Transactions and Source Documents (Vouchers)
• Accounting Equation: Rules of Debit and Credit
• Books of Original Entry: Journal Preparation
• The Ledger: Posting from Journal and Balancing Accounts

Chapter 4: Recording of Transactions - II

• Cash Book: Simple
•  Cash Book-Two Columns ( cash and bank or two banks) 
•  Cash Book-Two Columns  (cash and discount or bank and discount )
• Petty Cashbook
• Special Purpose Books: Purchases Book, Sales Book, Return Books
• Journal Proper: Miscellaneous Entries
• The Complete Guide to Accounting for GST: Rules, Journal Entries & Numericals

Chapter 5: Bank Reconciliation Statement (BRS)

• Need and Importance of BRS
• Preparation of BRS with Cashbook and Passbook Balances

Chapter 6: Trial Balance and Rectification of Errors

• Trial Balance: Objectives and Preparation
• Classification of Errors: Omission, Commission, Principle, Compensating
• Rectification of Errors and Suspense Account

Chapter 7: Depreciation, Provisions, and Reserves

• Depreciation: Methods (SLM and WDV) and Accounting Treatment
• Provisions vs. Reserves: Meaning and Differences
• Types of Reserves: Revenue, Capital, General, and Specific

Unit 3: Financial Statements

24 MARKS

Chapter 8: Financial Statements - I (Sole Proprietorship)

• Revenue vs. Capital Receipts and Expenditure
• Trading and Profit and Loss Account: Direct and Indirect Costs
• Balance Sheet: Assets and Liabilities Marshalling

Chapter 9: Financial Statements - II (With Adjustments)

• Need for Adjustments: Closing Stock, Outstanding/Prepaid Expenses
• Adjustments for Depreciation, Bad Debts, and Interest on Capital
• Preparation of Final Accounts with Adjustments

Chapter 10: Accounts from Incomplete Records

• Single Entry System: Meaning and Limitations
• Ascertainment of Profit/Loss: Statement of Affairs Method

Unit 4: Computers in Accounting

INTERNAL / VIVA

Chapter 11: Introduction to Computerised Accounting

• Components of CAS and Comparison with Manual Accounting
• Advantages and Limitations of CAS