Updated On : April 3, 2023
The syllabus of class 11 accountancy deals with topics like financial accounting, financial statements of a sole proprietorship, computers in accounting, etc. This post takes you through detailed information about Class 11 Accountancy Syllabus of both CBSE and ICSE boards.
Due to the non-functioning of schools, the accountancy syllabus has been reduced to 30% by the CBSE board. Note that the reduced syllabus is only for the academic year 2021.
Being aware of the syllabus will help you know the Class 11 Accountancy Important Questions from the exam point of view.
Go through the revised syllabus of accountancy class 11 from the post below.
Go through the syllabus and enhance your preparation for the Class 11 Accountancy Exam.
Unit-1: Theoretical Frame Work
This unit will help you describe the meaning, significance, objectives, advantages and limitations of accounting in the modem economic environment with varied types of business and non-business economic entities.
Introduction to Accounting
Revised CBSE Class 11 Accountancy Syllabus PDF
Theory Base of Accounting
Unit-2: Accounting Process
In this unit, you will be studying about the concept of the accounting equation.
Recording of Business Transactions
Special Purpose books:
Ledger:
Bank Reconciliation Statement:
Depreciation, Provisions and Reserves
i. Straight Line Method (SLM)
ii. Written Down Value Method (WDV)
i. Charging to asset account
ii. Creating provision for depreciation/accumulated depreciation account
iii. Treatment for disposal of asset
i. Revenue reserve
ii. Capital reserve
iii. General reserve
iv. Specific reserve
v. Secret Reserve
Accounting for Bills of Exchange
i. Term of Bill
ii. Accommodation bill (concept)
iii. Days of Grace
iv. Date of maturity
v. Discounting of bill
vi. Endorsement of bill
vii. Bill after due date
viii. Negotiation
ix. Bill sent for collection
x. Dishonour of bill
Trial balance and Rectification of Errors
Solving Class 11 Accountancy Sample Papers will help you know the difficulty level of the paper and the type of questions asked from the financial accounting topic. You can go through the detailed accountancy syllabus class 11 for Part B from the post below.
Unit 3: Financial Statements of Sole Proprietorship
This unit describes the meaning of financial statements, gross profit, operating profit, and net profit.
Financial Statements
Meaning, objectives and importance; Revenue and Capital Receipts; Revenue and Capital Expenditure; Deferred Revenue expenditure. Trading and Profit and Loss Account: Gross Profit, Operating Profit and Net profit. Preparation. Balance Sheet: need, grouping, and marshalling of assets and liabilities. Preparation.
Adjustments in preparation of financial statements with respect to closing stock, outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, Abnormal loss, Goods taken for personal use/staff welfare, interest on capital and managers commission.
Preparation of Trading and Profit and Loss account and Balance Sheet of a sole proprietorship with adjustments.
Incomplete Records
Unit 4: Computers in Accounting
The accountancy section is divided into three parts wherein: Part A is for 40 Marks, Part B is for 40 Marks, and Part C is the Project for 20 marks.
Units | Topics | Marks |
Part A: Financial Accounting-1 | - | |
Unit-1 | Theoretical Framework | 12 |
Unit-2 | Accounting Process | 40 |
Part B: Financial Accounting-II | - | |
Unit-3 | Financial Statements of Sole Proprietorship from Complete and Incomplete Records | 20 |
Unit-4 | Computers in Accounting | 08 |
Part C: Project Work | 20 | |
Total | 100 |
The following topics are deleted from Class 11 Accountancy syllabus of Part A and part B.
Deleted CBSE Class 11 Accountancy Syllabus PDF
Class 11 Accounts Syllabus for ICSE board is divided into 2 parts i.e., Part I (20 marks) is compulsory and consists of short answer questions, testing knowledge, application, and skills relating to elementary/ fundamental aspects of the entire syllabus.
In Part II (60 marks), you are required to answer five questions out of eight questions.
Background of accounting and accountancy: knowledge and understanding of IFRS (International Financial Reporting Standards); GAAP (Generally Accepted Accounting Principles), types of accounts; basic terms used in accounting, Accounting Standards, and Accounting Equation.
Revised ICSE Class 11 Accountancy Syllabus PDF
In the ICSE board, the theory paper of the accountancy holds 80 marks and the project work holds 20 marks. Check out the table below to know the marking scheme of accountancy.
Paper | Marks |
Paper 1 | |
Part 1 | 20 |
Part 2 | 60 |
Paper 2 (Project Work) | 20 |
Total | 100 |
As we all know, the CBSE and ICSE boards have reduced 30% of the syllabus for the academic year 2021. For next year, the exam conducting body may replace the old syllabus or may keep the existing one.
You can download the old syllabus of class 11 accountancy by clicking on the links provided in the table below.
Board | Syllabus PDF |
CBSE | Click here |
ICSE | Click here |
Frequently Asked Questions
Which are the best books to study for Class 11 accountancy?
How to utilize Accountancy Class 11 sample papers?
How many chapters are there in Class 11 Accountancy subject?
Which is the best book for studying Class 11 Accountancy Syllabus?
How many units are there in Class 11 Accountancy Syllabus?
April 3, 2023
The syllabus of class 11 accountancy deals with topics like financial accounting, financial statements of a sole proprietorship, computers in accounting, etc. This post takes you through detailed information about Class 11 Accountancy Syllabus of both CBSE and ICSE boards.
Due to the non-functioning of schools, the accountancy syllabus has been reduced to 30% by the CBSE board. Note that the reduced syllabus is only for the academic year 2021.
Being aware of the syllabus will help you know the Class 11 Accountancy Important Questions from the exam point of view.
Go through the revised syllabus of accountancy class 11 from the post below.
Go through the syllabus and enhance your preparation for the Class 11 Accountancy Exam.
Unit-1: Theoretical Frame Work
This unit will help you describe the meaning, significance, objectives, advantages and limitations of accounting in the modem economic environment with varied types of business and non-business economic entities.
Introduction to Accounting
Revised CBSE Class 11 Accountancy Syllabus PDF
Theory Base of Accounting
Unit-2: Accounting Process
In this unit, you will be studying about the concept of the accounting equation.
Recording of Business Transactions
Special Purpose books:
Ledger:
Bank Reconciliation Statement:
Depreciation, Provisions and Reserves
i. Straight Line Method (SLM)
ii. Written Down Value Method (WDV)
i. Charging to asset account
ii. Creating provision for depreciation/accumulated depreciation account
iii. Treatment for disposal of asset
i. Revenue reserve
ii. Capital reserve
iii. General reserve
iv. Specific reserve
v. Secret Reserve
Accounting for Bills of Exchange
i. Term of Bill
ii. Accommodation bill (concept)
iii. Days of Grace
iv. Date of maturity
v. Discounting of bill
vi. Endorsement of bill
vii. Bill after due date
viii. Negotiation
ix. Bill sent for collection
x. Dishonour of bill
Trial balance and Rectification of Errors
Solving Class 11 Accountancy Sample Papers will help you know the difficulty level of the paper and the type of questions asked from the financial accounting topic. You can go through the detailed accountancy syllabus class 11 for Part B from the post below.
Unit 3: Financial Statements of Sole Proprietorship
This unit describes the meaning of financial statements, gross profit, operating profit, and net profit.
Financial Statements
Meaning, objectives and importance; Revenue and Capital Receipts; Revenue and Capital Expenditure; Deferred Revenue expenditure. Trading and Profit and Loss Account: Gross Profit, Operating Profit and Net profit. Preparation. Balance Sheet: need, grouping, and marshalling of assets and liabilities. Preparation.
Adjustments in preparation of financial statements with respect to closing stock, outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, Abnormal loss, Goods taken for personal use/staff welfare, interest on capital and managers commission.
Preparation of Trading and Profit and Loss account and Balance Sheet of a sole proprietorship with adjustments.
Incomplete Records
Unit 4: Computers in Accounting
The accountancy section is divided into three parts wherein: Part A is for 40 Marks, Part B is for 40 Marks, and Part C is the Project for 20 marks.
Units | Topics | Marks |
Part A: Financial Accounting-1 | - | |
Unit-1 | Theoretical Framework | 12 |
Unit-2 | Accounting Process | 40 |
Part B: Financial Accounting-II | - | |
Unit-3 | Financial Statements of Sole Proprietorship from Complete and Incomplete Records | 20 |
Unit-4 | Computers in Accounting | 08 |
Part C: Project Work | 20 | |
Total | 100 |
The following topics are deleted from Class 11 Accountancy syllabus of Part A and part B.
Deleted CBSE Class 11 Accountancy Syllabus PDF
Class 11 Accounts Syllabus for ICSE board is divided into 2 parts i.e., Part I (20 marks) is compulsory and consists of short answer questions, testing knowledge, application, and skills relating to elementary/ fundamental aspects of the entire syllabus.
In Part II (60 marks), you are required to answer five questions out of eight questions.
Background of accounting and accountancy: knowledge and understanding of IFRS (International Financial Reporting Standards); GAAP (Generally Accepted Accounting Principles), types of accounts; basic terms used in accounting, Accounting Standards, and Accounting Equation.
Revised ICSE Class 11 Accountancy Syllabus PDF
In the ICSE board, the theory paper of the accountancy holds 80 marks and the project work holds 20 marks. Check out the table below to know the marking scheme of accountancy.
Paper | Marks |
Paper 1 | |
Part 1 | 20 |
Part 2 | 60 |
Paper 2 (Project Work) | 20 |
Total | 100 |
As we all know, the CBSE and ICSE boards have reduced 30% of the syllabus for the academic year 2021. For next year, the exam conducting body may replace the old syllabus or may keep the existing one.
You can download the old syllabus of class 11 accountancy by clicking on the links provided in the table below.
Board | Syllabus PDF |
CBSE | Click here |
ICSE | Click here |
Frequently Asked Questions
Which are the best books to study for Class 11 accountancy?
How to utilize Accountancy Class 11 sample papers?
How many chapters are there in Class 11 Accountancy subject?
Which is the best book for studying Class 11 Accountancy Syllabus?
How many units are there in Class 11 Accountancy Syllabus?