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ISC Class 11 Commerce Syllabus: Subject Wise Syllabus details

Author : Palak Khanna

Updated On : September 15, 2023


The Indian School Certificate is the education board that conducts Primary, Secondary, and Higher Secondary Examinations across the globe. Council for the Indian School Certificate Examinations or CISCE is the body responsible for conducting both ICSE and ISC exams as well as the declaration of their results. After 10th standard, students must choose any of the streams for their further education. Commerce is one of the streams which has a lot of scopes and also very trending. So, if you are one among the commerce aspirant, then here is the detailed ISC Class 11 Commerce Syllabus explained. Go through the subject-wise important topics and enhance your preparation. 

ISC Class 11 Commerce Syllabus 2024

In the Class 11 Commerce stream, there are four mandatory subjects and three optional subjects. Hence, students must choose any one of the optional subjects and continue with their preparation. Commerce is the field of studying topics related to business, financial information/transactions, trading of economic values, merchandising, and trading. Commerce acts as trading conduct for economic agents. Here is the list of subjects included in ISC Class 11 Commerce Stream Syllabus. Solving ISC Class 11 Commerce Sample Papers will help candidates to know the difficulty level of the paper and type of questions asked in the exam.

  • Accountancy (Mandatory)
  • Economics (Mandatory)
  • Commerce (Mandatory)
  • English (Mandatory)
  • Business Studies (Mandatory)
  • Mathematics (Optional)
  • Physical Education (Optional)

Go through the important topics from Class 11 Commerce Subjects below and download the syllabus PDF in the below section. Start your preparation well in advance with the revised and reduced ISC Class 11 Commerce Syllabus for 2023-24.

ISC Class 11 Commerce Syllabus 2024 for Accountancy

The Accounts subject is divided into two parts, out of which Part 1 (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 2 (60 marks), students need to answer five questions out of eight from this section. Each question carries 12 marks. candidates are advised to solve  Class 11 Accountancy Sample Papers to increase their time-managemnet skills and problem-solving skills.

1. Basic Accounting Concepts

  • 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.

2. Journal, Ledger, and Trial Balance

  • Journal: recording of entries in a journal with narration.
  • Ledger: posting from journal to respective ledgers.
  • Sub-division of the journal - cash book [including simple cash book and double column cash book (cash and bank). Petty cash book (including simple, analytical and imprest system), sales daybook, purchases day book, sales return daybook, purchases return daybook, bills receivable book, bills payable book, and Journal proper.
  • Trial balance

3. Bank Reconciliation Statement

Bank reconciliation statement.

  • Meaning and need for bank reconciliation statement.
  • Preparation of a bank reconciliation statement from the given cash book balance or passbook balance or both.
  • Preparation of a bank reconciliation statement from the extract of the cash book as well as the passbook relating to the same month.
  • Preparation of an amended cash book and a bank reconciliation statement from the given cash book balance.
  • Preparation of an amended cash book and a bank reconciliation statement from the extract of the cash book as well as the passbook relating to the same month.

4. Depreciation, Provisions, and Reserves

  • Depreciation.
  • Methods of charging depreciation (Straight Line and Written Down Value method).
  • Problems relating to purchase and sale of assets incorporating the application of depreciation under the two stated methods.

5. Bills of Exchange

  • Introduction to Negotiable Instruments: an explanation of basic terms.
  • Practical problems on the above in the books of the drawer, drawee, endorsed, and bank.

6. Final Accounts and Concept of Trading, Profit and Loss account and Balance Sheet (with and without adjustments), Marshalling of Balance Sheet

  • Capital and revenue expenditure/income.
  • Provisions and Reserves.
  • Trading, Profit, and Loss Account and Balance Sheet of a sole trader, (Horizontal Format) without adjustments.
  • Preparation of Trading Account, Profit, and Loss Account and Balance Sheet with necessary adjustments.
  • Marshaling of a Balance Sheet: Order of permanence and order of liquidity.

7. Accounts from incomplete records

  • Single entry and difference with double entry.
  • Ascertainment of profit/loss by a statement of affairs method including application.
  • Conversion of Single entry into the double-entry.

8. Non-Trading Organisation

  • Non-trading organization: meaning, objectives, necessity, and treatment of specific items.
  • Different books maintained and differences between them.
  • Preparation of Income and Expenditure Account and Closing Balance Sheet.

9. Rectification of Errors

  • Errors and types of errors
  • errors of omission
  • errors of commission
  • errors of principle
  • compensating errors.

10. Introduction to the Use of Computers in Accounting

  • Introduction to Computerised Accounting System: Components of CAS, Features, Grouping of Accounts. Advantages and Limitations of CAS, Accounting Information System.
  • Application of computers in Accounting (Only theory) - Automation of accounting process, designing accounting reports (MIS reports) - Chart of accounts - Assets/ liabilities/ income/ expenses/ capital, customer and supplier masters, type of transaction: cash, bank, sale, purchase, journal vouchers; general ledger/trial balance, balance sheet, profit and loss, data exchange with other information systems.

ISC Class 11 Commerce Syllabus 2024 for Economics

The Economics subject in Class 11 Commerce is divided into two papers: Part 1 (20 marks) consists of compulsory short answer questions testing knowledge, application, and skills relating to elementary/fundamental aspects of the entire syllabus. Part 2 (60 marks) consists of eight questions out of which you are required to answer five questions, each carrying 12 marks. Let us have a look at the detailed Class 11 Economic Syllabus provided below and plan your preparation accordingly.

1. Understanding Economics

  • Definition of Economics: Adam Smith, Alfred Marshall, Lionel Robbins, Samuelson.
  • Micro and Macro Economics - Meaning and Difference. Basic concepts: utility, price, value, wealth, welfare, money, market, capital, investment, income, production, consumption, saving, Business cycle, Aggregate Demand, and Aggregate supply.
  • Basic problems of an economy: what to produce; how to produce; for whom to produce; efficient use of resources.
  • Types of economies: developed and developing; Economic systems: capitalism, socialism, and mixed economy; the mechanism used to solve the basic problems faced by each economy.

2. Indian Economic Development

  • Introduction.
  • Parameters of Development.
  • Planning and economic development in India.
  • Structural Changes in the Indian Economy after liberalization.
  • Current challenges facing the Indian Economy.
  • Economic growth and development.
  • Sustainable Development.

3. Statistics

  • Statistics: definition, scope, and limitations of statistics.
  • Collection, organization, and presentation of data.
  • Measures of Central Value: average defined; type of averages: arithmetic mean; simple and weighted; median and mode; ungrouped and grouped data; numerical, the relationship between mean, median, and mode.
  • Measures of dispersion: definition, methods of studying variation - range; standard deviation; quartile deviation; the mean or average deviation; coefficient of variation.
  • Correlation: introduction, scatter diagram; Karl Pearson’s coefficient of correlation; Spearman’s coefficient of correlation.
  • Index numbers: simple and weighted - meaning, types, and purpose. Problems involved in constructing a Price Index Number.
  • Some Mathematical Tools used in Economics

ISC Commerce Class 11 Syllabus for Commerce

The Commerce subject consists of two parts i.e., Part 1 (20 marks) includes short answer questions testing knowledge, application, and skills relating to elementary/ fundamental aspects of the entire syllabus. Part II (60 marks) consists of eight questions out of which you are required to answer five questions, each carrying 12 marks. As per the experts, referring to Class 11 Commerce Books will help candidates to enhance their preparation for the exam.

1. Nature and Purpose of Business

  • Classification of human activities - economic and non-economic.
  • Definition and concept of business; classification of business activities.
  • Business objectives

2. Forms of Business Organisations

  • Introduction to business organizations.
  • Sole trader - objectives; formation; merits and demerits.
  • Partnership - (a) Meaning, features; types of partners and partnership firms; (b) Registration of Partnership firms; (c) Evaluation of partnership; merits and demerits; (d) Comparison of sole proprietorship and partnership
  • Corporate Organisations.
  • Public Sector Undertakings - Meaning; characteristics, objectives, role, and forms of Public Sector Undertakings (Departmental Undertakings, Public Corporations and Government Companies); (b) Public-Private Partnerships.
  • Co-operative organizations - meaning; characteristics and types.

3. Social Responsibility of Business and Business Ethics

  • Concept and the need for social responsibility.

4. Emerging Modes of Business

  • E-business.
  • Outsourcing.
  • Smart Cards.

5. Stock Exchange

  • Meaning and importance.
  • Functions and services.
  • Major Stock Exchanges in India (BSE, NSE, DSE, ASE) - types and locations.
  • Types of operators – Brokers, Jobbers, Bulls, and Bears.
  • Terms used in Stock Exchange - ex-dividend, cum dividend, spot delivery, forward delivery.
  • SEBI - functions, and objectives.

6. Trade

  • Wholesalers.
  • Retail trade - (a) Meaning and characteristics; (b) Types of retail trade - Itinerant and small scale fixed shops: departmental store, chain store, mail-order houses, teleshopping, franchise, consumer cooperative stores, hypermarkets and automatic vending machines; (c) Documents used in the home trade.
  • Role of Chambers of Commerce and Industry and Trade Associations.

7. Foreign Trade

  • Meaning, the difference between internal trade and external trade.
  • Export trade - Meaning, objectives, and procedure of export trade.
  • Import trade - Meaning objectives purpose and procedure.
  • Documents involved in international trade.
  • World Trade Organisation.

8. Insurance

  • Insurance - Meaning, objectives, and purpose.
  • Risks in business - insurable and non-insurable.
  • Principles of insurance.
  • Types of insurance: life and non-life.

ISC Class 11 Commerce Syllabus 2024 for English

In the English Language, there are two papers: Paper 1: English Language (3 hours) for 100 marks and Paper 2 is Literature in English (3 hours) for 100 marks.

Paper 1: English Language

Question One:

  • A composition on one of a number of subjects. (30 Marks)
  • You are required to select one composition topic from a choice of six. The choice will normally include narrative, descriptive, reflective, argumentative, discussion topics, and a short story. The required length of the composition is 450 - 500 words.

Question Two:

  • Directed writing (article writing, book review, film review, review of theatre/ concert / cultural program/ television show, speech writing, report writing, personal profile, statement of purpose, and testimonial) based on suggested points. (20 Marks)
  • The piece of directed writing will be based on the information and ideas provided. The required length will be about 300 words. The range of subjects may include article writing, book review, film review, review of theatre/ concert / cultural program/ television show, speech writing, report writing, personal profile, statement of purpose, and testimonial.
  • Skills such as selecting, amplifying, describing, presenting reasoned arguments, re-arranging, and re-stating may be involved. The candidates’ ability in the above skills, including format will be taken into account as well as their ability to handle language appropriately in the context of the given situation.
  • It is emphasized that only one question will be set in the examination paper and that this will be compulsory.

Question Three:

  • Short-answer questions to test grammar, structure, and usage. (20 Marks)
  • All the items in this question are compulsory, and their number and type/pattern may vary from year to year. They will consist of short-answer, open completion items, or any other type, which will test the candidates’ knowledge of the essentials of functional English grammar and structure. Only two or three types will be included in any one examination.

Question Four:

  • Comprehension. (30 Marks)
  • A passage of about 500 words will be provided.
  • It is recommended that in Paper 1 about 50 minutes should be spent on Question one, 40 minutes on Question two, 30 minutes on Question three, and one hour on Question four.

Paper 2: Literature in English

  • You are required to answer five questions as follows:
  • One textual question (compulsory) on the Shakespeare play/ alternative prescribed play together with four other questions on at least three texts, which may include the Shakespeare play/ alternative play.
  • Question 1 is compulsory (20 Marks), four other questions, each carrying 20 Marks.
  • The textual question, which will be set on the Shakespeare play/alternative play, will contain three short passages and candidates will be required to answer questions set on two of the passages. These Questions may require candidates to explain words and phrases, to rewrite passages in modern English, or to relate an extract to the work as a whole.
  • The rest of the questions on the Shakespeare play/alternative play and on the other prescribed texts will require essay-type answers and will be set on the episodes, the plot or plots, themes or ideas, characters, relationship, and other prominent literary qualities of the texts prescribed.

ISC Class 11 Commerce Syllabus 2024 for Business Studies

In Business Studies, there are two papers: paper 1 is a theory for 80 marks while paper 2 is project work for 20 marks. Paper 1 consists of two parts i.e., Part 1 (20 marks) includes compulsory short answer questions testing knowledge, application, and skills relating to elementary/ fundamental aspects of the entire syllabus. Part II (60 marks) consists of eight questions, out of which you are required to answer any five questions, each carrying 12 marks.

1. Business Environment

  • Introduction to the concept of a business environment - Meaning and definition of the business environment.
  • Features and importance of the business environment. Features: dynamic, relative, interrelated, complex, uncertain, the totality of internal and external forces, general and specific forces, universality, various stakeholders; Need to understand business environment: first-mover advantage, early warning signals, business strategies, competitive advantage, customer confidence, and public image, coping with change, customer needs, keeping pace with consumerism.
  • SWOT Analysis- Meaning and importance of SWOT analysis. Components of SWOT.

Check Out - Class 11 Business Studies Syllabus

2. Entrepreneurship

  • Introduction to Entrepreneur - Meaning and definition of the entrepreneur; types of entrepreneurs as given by Clarence Danhof: Innovative, Imitating, Fabian, and Drone.
  • Introduction to Entrepreneurship - Meaning, definition, and characteristics of entrepreneurship.
  • Intrapreneurship - Meaning, definition, and characteristics of intrapreneurship; differences between entrepreneurship and entrepreneurship
  • Enterprise - Meaning, and definition; steps in setting up an enterprise: selecting the line of business, choosing the form of ownership, locating the appropriate site to set up the business, financing the proposition (identifying capital requirements and its sources), setting up the physical layout and the facilities, acquiring the required human resource. Compliance with statutory requirements, launching the business)
  • Startup business - meaning only.
  • Business risks and causes of failure - Meaning of business risks. Types of business risks: strategic risks, financial risks, operational risks, compliance risks, competition and market risks, environmental risks: a brief explanation of each.
  • Causes of business failure: internal and external.

3. Managers and Managerial Roles

  • Introduction - Meaning and definition of a Manager.
  • Managerial roles - Managerial roles as given by Mintzberg: informational (monitor, disseminator, spokesperson), interpersonal (figurehead, leader, and liaison), and decisional (entrepreneur, disturbance handler, resource allocator, negotiator): a brief explanation of these roles.
  • Authority, responsibility, and accountability - Meaning and definition of authority, responsibility, and accountability; their interrelationship; sources of authority: formal, acceptance, competence; delegation of authority; principles of delegation of authority; centralization and decentralization of authority; the distinction between delegation and decentralization of authority.
  • Change management - Meaning and definition of change management; the need for change; resistance to change; overcoming resistance to change; a brief explanation of unfreezing change - refreeze model of change management.

Check Out - Class 11 Business Studies Sample Papers

4. Automation at Workplaces

  • Introduction - Meaning and definition of mechanization and automation; the distinction between the two; evolution from mechanization to automation; merits and demerits of automation.
  • Productivity enhancement tools and facilities at different workplaces.
  • Banks: ATM, passbook printing kiosk, cheque/ cash depositing machine, SMS alerts
  • Retail Industry: barcode scanner and POS machine (Point of Sale), card swipe machine
  • Corporate Office: Biometric system, photocopy machine, LED Projector, scanners, laptops, smartphones. Video conferencing, intercom, internet and wi-fi, VoIP (voice-over-internet protocol).

ISC Class 11 Commerce Syllabus 2024 for Mathematics

The Mathematics subject in ISC Class 11 Commerce is divided into three sections A, B, and C. Section A consists of 9 questions for 80 marks. Out of these 9 questions, 1 question is compulsory and any five out of rest eight questions can be answered. In Section B / C (20 marks), students must answer two questions out of three from either Section B or Section C.


1. Mathematical Reasoning

  • Mathematically acceptable statements. Connecting words/phrases – consolidating the understanding of “if and only if (necessary and sufficient) condition”, “implies”, “and/or”, “implied by”, “and”, “our”, “there exists” and their use through a variety of examples related to real life and Mathematics.
  • Validating the statements involving the connecting words, differences between contradiction, converse, and contrapositive.

2. Algebra

  • Complex Numbers
  • Quadratic Equations
  • Finite and Infinite Sequences - Arithmetic Progression (A.P.), Geometric Progression (G.P.), Harmonic Progression, Arithmetic Geometric Series, Special sums
  • Permutations Combinations
  • Mathematical induction - Using induction to prove various summations and divisibility.
  • Binomial Theorem - Significance of Pascal’s triangle, Binomial theorem (proof using induction) for positive integral powers, Binomial theorem for negative or fractional indices.
  • Properties of Binomial Coefficients.

Check Out - ISC Class 11 Maths Sample Papers

3. Trigonometry

  • Angles and Arc lengths
  • Trigonometric Functions
  • Compound and multiple angles
  • Trigonometric Equations

4. Calculus

  • Basic Concepts of Relations and Functions - (a) Ordered pairs, sets of ordered pairs, (b) Cartesian Product (Cross) of two sets, cardinal number of a cross product, (c) Types of Relations: reflexive, symmetric, transitive and equivalence relation, (d) Binary Operation, (e) Domain, Range and Co-domain of a Relation, (f) Functions
  • Differential calculus - (a) Limits, (b) Continuity, (c) Differentiation, (d) Application of derivatives
  • Integral Calculus

5. Coordinate Geometry

  • Basic concepts of Points and their coordinates.
  • The straight line
  • Circles

Check Out - CBSE Class 11 Mathematics Syllabus

6. Statistics

  • Measures of central tendency.
  • Standard deviation - by the direct method, short cut method, and step deviation method.
  • Combined mean and standard deviation.


7. Vectors

8. Coordinate Geometry in 3-Dimensions


9. Statistics

  • Median - direct and by using the formula.
  • Quartiles - direct and by using the formula.
  • Deciles - direct and by using the formula.
  • Percentiles - direct and by using the formula.
  • Mode - graphically, direct method, and by using the formula.
  • Estimation of median/quartiles from Ogives.
  • The Median, Quartiles, Deciles, and Percentiles of grouped and ungrouped data;
  • Mode - grouped and ungrouped data; estimation of the model by using the graphical method. (Bimodal data not included).

10. Average Due Date

  • Zero dates.
  • Equated periods.

ISC Commerce Class 11 Syllabus for Physical Education

The theory paper will be divided into two sections A and B. Candidates will be required to answer five questions out of seven from Section A, each carrying 8 marks. Section B will be based on questions on major games in the syllabus. Candidates will be required to select two games from this section and answer any three of the five subparts (a), (b), (c), (d), and (e) from each of the two selected games of their choice. Each question shall carry 15 marks.


1. Concept of Physical Education

  • Meaning of Physical Education, its aim and objectives. 
  • Misconceptions about Physical Education and the relevance of Physical Education in the inter-disciplinary context (sports medicine, sports engineering, sports psychology, sports journalism, sports physiotherapy, sports nutritionist, sports fashion designing).
  • Meaning and concept of ‘Games and Sports’

2.  Individual Aspects and Group Dynamics

  • Interest and attitude
  • Motivation

3. Effects of Physical Exercise on Human Body Systems

  • Various systems and the effects of exercise and training on the following: skeletal system, muscular system, respiratory system and circulatory system

4. Nutrition, Weight Control & Exercise

  • Nutrition Basics – Dietary Goals and basics of a Nutritious Diet.
  • Balanced Diet and role of balanced diet in performance.
  • Obesity and weight control

5. Physical Fitness & Wellness 

  • Physique, Physical Fitness and Wellness.
  • Components of physical fitness and wellness.
  • Factors affecting physical fitness and wellness.
  • Tests and Measurements in Sports.

6. Games and Sports – a global perspective

  • History of Modern Olympics
  • Asian Games.


Any two of the following games are to be studied:

  • Cricket,
  • Football,
  • Hockey,
  • Basketball,
  • Volleyball,
  • Badminton,
  • Tennis,
  • Swimming,
  • Athletics.

ISC Class 11 Commerce 2024 Syllabus PDF 

Here is the subject-wise ISC Class 11 Commerce Syllabus PDF 2024. Students can download the syllabus PDF for ISC Class 11 Commerce stream and start their preparation. This is the revised syllabus as per the ISC board.

Subjects ISC Class 11 Commerce Syllabus PDF
Accounts Download PDF
Economics Download PDF
Commerce Download PDF
English Download PDF
Business Studies Download PDF
Maths Download PDF
Physical Education Download PDF

Frequently Asked Questions

How many subjects are there in ISC Class 11 Commerce Syllabus?

Which are the mandatory ISC Class 11 Commerce subjects?

How many optional subjects can be chosen in ISC Class 11 Commerce stream?

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Is the ISC Class 11 Commerce 2020 Syllabus revised?


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