CBSE Class 11 Accountancy Syllabus 2023-24

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Accountancy(Code No. 055) is a mandatory subject of class 11th Commerce. It is one of the most important subjects and CBSE has released the Revised Syllabus of Class 11 Accountancy 2022-23 and deleted topics. They made some major changes in the syllabus, so students should prepare for exams accordingly. You can find the revised syllabus and deleted topics below.

CBSE schools allow students to choose the subjects according to their interests. Further, 21st-century learning focuses on developing the evaluation, analytical and comprehension skills of students. They all do accordingly to the CBSE curriculum for commerce. The students of the commerce stream have to choose 1 language subject from Hindi and English. In addition Accounts, Economics, and Business studies are 3 compulsory subjects for commerce students. Whereas, Maths, entrepreneurship, and information practices are optional subjects.

In general, Accounts, economics, maths, and business studies papers are for 80 marks for written exams. And 20 marks for internal assessment as class 11th practical work. Entrepreneurship paper can help to score 70 marks instead. Moreover, Students need to provide projects and seminars to score marks in internal assessments. Students can also go through the class 11 Accountancy sample papers for better preparation.

Download PDF of CBSE Class 1 Accountancy Syllabus

CBSE Class 11 Accountancy Syllabus-

Accountancy as a mandatory subject of class 11th Commerce is one of the most important subjects and CBSE has released the Revised Syllabus of Class 11 Accountancy 2022-23 and deleted topics. Accountancy marks are mainly distributed between theory exams of 80 marks and practical exams of 20 marks.

PART A: FINANCIAL ACCOUNTING – I

Unit-1: Theoretical Frame Work
  • Introduction to Accounting
    • Accounting- concept, meaning, as a source of information, objectives, advantages and limitations, types of accounting information; users of accounting information and their needs. Qualitative Characteristics of Accounting Information. Role of Accounting in Business.
    •  Basic Accounting Terms- Entity, Business Transaction, Capital, Drawings. Liabilities (Non Current and Current). Assets (Non Current, current); Expenditure (Capital and Revenue), Expense, Revenue, Income, Profit, Gain, Loss, Purchase, Sales, Goods, Stock, Debtor, Creditor, voucher, Discount(Trade discount and Cash Discount)
  • Theory Base of Accounting
    • Fundamental accounting assumptions: GAAP: Concept
    • Basic accounting concept : Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Dual Aspect, Revenue Rcognition, Matching, Ful Disclosure, Consistency, Conservatism, Materiality and Objectivity
    • System of Accounting. Basis of Accounting: cash basis and accrual basis
    • Accounting Standards: Applicability in IndAS
    • Goods and Services Tax (GST): Characteristics and Advantages.
  • Unit-2: Accounting Process
    • Recording of Business Transactions
      • Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers, Accounting Equation Approach: Meaning and Analysis, Rules of Debit and Credit.
      • Recording of Transactions: Books of Original Entry- Journal
      • Special Purpose books:
      • Cash Book: Simple, cash book with bank column and petty cashbook
      • Purchases book
      • Sales book
      • Purchases return book
      • Sales return book
      • Journal proper
      • (Note: Including trade discount, freight and cartage expenses for simple GST calculation.)
      • Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts
    • Bank Reconciliation Statement:
      • Need and preparation, Bank Reconciliation Statement
    • Depreciation, Provisions and Reserves
      • Depreciation: Meaning, Features, Need, Causes, factors
      • Other similar terms: Depletion and Amortisation
      • Methods of depreciation:
        • Straight Line Method (SLM)
        • Written Down Value Method (WDV)
        (Note: Excluding change of method)
      • Difference between SLM and WDV; Advantages of SLM and WDV
      • Method of recoding depreciation
        • Charging to asset account
        • Creating provision for depreciation/accumulated depreciation account
      • Treatment of disposal of asset
      • Provisions, Reserves, Difference Between Provisions and Reserves.
      • Types of Reserves:
        • Revenue reserve
        • Capital reserve
        • General reserve
        • Specific reserve
        • Secret Reserve
      • Difference between capital and revenue reserve
    • Trial balance and Rectification of Errors
      • Trial balance: objectives, meaning and preparation(Scope: Trial balance with balance method only)
      • Errors: classification-errors of omission, commission, principles, and compensating; their effect on Trial Balance.
      • Detection and rectification of errors;
        • Errors which do not affect trial balance
        • Errors which affect trial balance
      • preparation of suspense account.

Part B: Financial Accounting – II

Unit 3: Financial Statements of Sole Proprietorship
  • Financial Statements
    • Meaning, objectives and importance; Revenue and Capital Receipts; Revenue and Capital Expenditure; Deferred Revenue expenditure. Opening journal entry. 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.

Part C: Project Work (Any One)

  • Collection of source documents, preparation of vouchers, recording of transactions with the help of vouchers.
  • Preparation of Bank Reconciliation Statement with the given cash book and the pass book with twenty to twenty-five transactions.
  • Comprehensive project of any sole proprietorship business. This may state with journal entries and their ledgering, preparation of Trial balance. Trading and Profit and Loss Account and Balance Sheet. Expenses, incomes and profit (loss), assets and liabilities are to be depicted using pie chart / bar diagram.

Suggested Question Paper Design

SNTypology of QuestionsMarksPercentage
1Remembering and Understanding:
Exhibit memory of previously learned material by recalling facts, terms, basic concepts, and answers.
Demonstrate understanding of facts and ideas by organizing, comparing, translating, interpreting, giving descriptions, and stating main ideas
4455%
2Applying: Solve problems to new situations by applying acquired knowledge, facts, techniques and rules in a different way.1923.75%
3Analysing, Evaluating and Creating:
Examine and break information into parts by identifying motives or causes. Make inferences and find evidence to support generalizations.
Present and defend opinions by making judgments about information, validity of ideas, or quality of work based on a set of criteria.
Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions.
1721.25%
Total80100%

Detailed Marking Scheme for CBSE syllabus class 11th accountancy 2022-23

For, student to score more marking weightage also plays an important role. The detailed marking scheme of the Account subject is also provided here. The CBSE however, keeps updating the syllabus frequently. Students should instantly avoid those deleted topics and primarily focus on high weightage chapters.

UnitsChapters WiseMarks
Unit-1: Theoretical FrameworkChapter 1-211
Unit-2: Accounting ProcessChapter 3-740
Unit-3: Financial Statements of Sole Proprietorship from Complete and Incomplete RecordsChapter 9-1120
Unit-4: Computers in AccountingChapter 11-1508
Project workFor all chapter20
Total marks 100

CBSE Class 11 Accountancy Project 2022

The Accountancy project is certainly very important for the practical examinations. Further, students should refer only to CBSE Class 11 Accountancy Project Ratio Analysis to prepare a project. The dilemma frequently affected them to accomplish the project work, which causes an issue of copy-paste from peers. Therefore, students take project work as a burden and ignore the proper planning of preparing the Accountancy project. If you are also facing a similar issue and obstacle of beginning assigned project work. Then, better find the sample project work.

Class 11 Accountancy Project Guidelines

Students must consider a few important things while attempting the project of accountancy:-

  1. In the first place, study the topic nicely and in-depth.
  2. Try to opt for an interesting topic and later review it. Don’t keep it much longer.
  3. Moreover, the information mentioned in the project must relate well to the topic. One should also try to make it more precise and crisp.
  4. At the same time, the project’s special attributes must be focused on deeply.
  5. Guidelines should be cross-checked with the professor formerly.

Preparation Tips for the Class 11 Accountancy Exam 2022-23?

Obviously, only after knowing the complete Class 11 Accountancy Syllabus 2022-23 changes you can find restart your exam preparation. As CBSE has reduced some of the major topics that take a long time in preparation, you can divide your time better and focus on learning the core topics without delay.

Specifically, Students take online classes for all topics from expert teachers. and In the same light, you can also check the online classes for Accountancy.

Even though CBSE has reduced the Class 11 Accountancy Syllabus 2022-23, students who really like this subject can study the complete course. It will help you in further studies and exams like CA, CS, etc.

Conclusion

Quantity-wise not many changes have been made in the Class 11 Accountancy Syllabus 2022-23, but CBSE has removed a major portion of topics that troubled students in the exams. Not to mention, the small notes and instructions that CBSE has added to the syllabus will make things a lot easier for students. Students can also see the complete syllabus changes here. VidyaSetu classes especially help students prepare according to the new syllabus.

Frequently Asked Questions

Q1. What are the changes in the Class 11 Accountancy Syllabus 2022-23?

Ans. During pandemic, CBSE has reduced 30% of the syllabus. For that you can see the Accounts Reduced Syllabus of Class 11 above.

Q2. What is the change in the Accountancy Project syllabus?

Ans. As a result of pandemic, instead of 2-3 projects, this year students have to do only a single project. Your school teachers will primarily give the project topic when due.

Q3. In What Ways Can One Prepare For The Accountancy Subject? Study Tips.

Ans. One can always follow the following study tips to prepare for the Accountancy exam:-

  • Most important, one should strictly adhere to the NCERT books which are prescribed by the CBSE.
  • Up to the present time, board exams mostly have questions from the NCERT books of CBSE.
  • In addition, fFor extra practice one may take the help of reference books.

Q4. Are The Accounts Difficult In Class 11th?

Ans. Few students always face trouble in solving their paper of Accountancy for Class 11th. While for some others say that the paper is a bit lengthy. But if practiced and studied with complete concentration, it can be the most scoring subject in Commerce.

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