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All Subjects - Commerce
CBSE/Class 11-
2Chapters
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222Content
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4Mock Test
Key Highlights
- Video Lectures
- PDF Notes
- Practice Questions
Overview
- Class-XI (2021-22)
- The course in accountancy is introduced at plus two-stage of the senior second of school education, as the formal commerce education is provided after ten years of schooling. With the fast-changing economic scenario, accounting as a source of financial information has carved out a place for itself at the senior secondary stage. Its syllabus content provide students a firm foundation in basic accounting concepts and methodology and also acquaint them with the changes taking place in the preparation and presentation of financial statements in accordance to the applicable accounting standards and the Companies Act 2013.
Part A: Financial Accounting - I (50 Marks)
Chapter 1 Introduction to Accounting
1.1 Meaning of Accounting
1.2 Accounting as a Source of Information
1.3 Objectives of Accounting
1.4 Role of Accounting
1.5 Basic Terms in Accounting
Chapter 2 Theory Base of Accounting
2.1 Generally Accepted Accounting Principles (GAAP)
2.2 Basic Accounting Concepts
2.3 Systems of Accounting
2.4 Basis of Accounting
2.5 Accounting Standards
Chapter 3 Recording of Transactions - I
3.1 Business Transactions and Source Document
3.2 Accounting Equation
3.3 Using Debit and Credit
3.4 Books of Original Entry
3.5 The Ledger
3.6 Posting from Journal
Chapter 4 Recording of Transactions - II
4.1 Cash Book
4.2 Purchases (Journal) Book
4.3 Purchases Return (Journal) Book
4.4 Sales (Journal) Book
4.5 Sales Return (Journal) Book
4.6 Journal Proper
4.7 Balancing the Accounts
Chapter 5 Bank Reconciliation Statement
5.1 Need for Reconciliation
5.2 Preparation of Bank Reconciliation Statement
Chapter 6 Trial Balance and Rectification of Errors
6.1 Meaning of Trial Balance
6.2 Objectives of Preparing the Trial Balance
6.3 Preparation of Trial Balance
6.4 Significance of Agreement of Trial Balance
6.5 Searching of Errors
6.6 Rectification of Errors
Chapter 7 Depreciation, Provisions and Reserves
7.1 Depreciation
7.2 Depreciation and other Similar Terms
7.3 Causes of Depreciation
7.4 Need for Depreciation
7.5 Factors Affecting the Amount of Depreciation
7.6 Methods of Calculating Depreciation Amount
7.7 Straight Line Method and Written Down Method: A Comparative Analysis
7.8 Methods of Recording Depreciation
7.9 Disposal of Asset
7.10 Effect of any Addition or Extension to the Existing Asset
7.11 Provisions
7.12 Reserves
7.13 Secret Reserve
Chapter 8 Bill of Exchange
8.1 Meaning of Bill of Exchange
8.2 Promissory Note
8.3 Advantages of Bill of Exchange
8.4 Maturity of Bill
8.5 Discounting of Bill
8.6 Endorsement of Bill
8.7 Accounting Treatment
8.8 Dishonour of a Bill
8.9 Renewal of the Bill
8.10 Retiring of the Bill
Accountancy Part II
Chapter 9 Financial Statements - I
9.1 Stakeholders and their Information Requirements
9.2 Distinction between Capital and Revenue
9.3 Financial Statements
9.4 Trading and Profit and Loss Account
9.5 Operating Profit (EBIT)
9.6 Balance Sheet
9.7 Opening Entry
Chapter 10 Financial Statements - II
10.1 Need for Adjustments
10.2 Closing Stock
10.3 Outstanding Expenses
10.4 Prepaid Expenses
10.5 Accrued Income
10.6 Income Received in Advance
10.7 Depreciation
10.8 Bad Debts
10.9 Provision for Bad and Doubtful Debts
10.10 Provision for Discount on Debtors
10.11 Manager’s Commission
10.12 Interest on Capital
Chapter 11 Accounts from Incomplete Records
11.1 Meaning of Incomplete Records
11.2 Reasons of Incompleteness and Its Limitations
11.3 Ascertainment of Profit or Loss
11.4 Preparing Trading and Profit and Loss Account and the Balance Sheet
Chapter 12 Applications of Computers in Accounting
12.1 Meaning and Elements of Computer System
12.2 Capabilities of Computer System
12.3 Limitations of a Computer System
12.4 Components of Computer
12.5 Evolution of Computerised Accounting
12.6 Features of Computerised Accounting System
12.7 Management Information System and Accounting Information System
Chapter 13 Computerised Accounting System
13.1 Concept of Computerised Accounting System
13.2 Comparison between Manual and Computerised
Accounting 13.3 Advantages of Computerised Accounting System
13.4 Limitations of Computerised Accounting System
13.5 Sourcing of Accounting Software 486
13.6 Generic Considerations before Sourcing an
Accounting Software
Automation of Accounting Process. Meaning
Stages in automation
(a) Accounting process in a computerised environment; comparison between manual accounting process and Computerised accounting process.
(b) Sourcing of accounting Software; kinds of software: readymade software; customised software and tailor-made software; Generic Considerations before sourcing accounting software
(c) Creation of Account groups and hierarchy
(d) Generation of reports -Trial balance, Profit and Loss account and Balance Sheet.
TERM – 1 (MCQ BASED QUESTION PAPER) of 40 marks of 90 minutes duration
Part A: FINANCIAL ACCOUNTING-
UNIT 1 THEORETICAL FRAMEWORK:
1 INTRODUCTION TO ACCOUNTING
2 THEORY BASE OF ACCOUNTING
UNIT 2 ACCOUNTING PROCESS:
RECORDING OF BUSINESS TRANSACTIONS,
BANK RECONCILIATION STATEMENT,
DEPRECIATION, PROVISIONS AND RESERVES
Project Work (Part -1): 10 Marks
TERM II Subjective based Question Paper of 40 marks of 2 hrs
Part A
UNIT 2 ACCOUNTING PROCESS:
1 ACCOUNTING FOR BILLS OF EXCHANGE
2 TRIAL BALANCE AND RECTIFICATION OF ERRORS
Part B:
FINANCIAL ACCOUNTING-II
UNIT 3 FINANCIAL STATEMENTS OF SOLE PROPRIETORSHIP FROM COMPLETE AND INCOMPLETE RECORDS
UNIT 4 COMPUTERS IN ACCOUNTING
Project Work (Part -2): 10 Marks
The scope of the unit is to understand accounting as an information system for the generation of accounting information and preparation of accounting reports.
It is presumed that the working knowledge of any appropriate accounting software will be given to the students to help them learn basic accounting operations on computers
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 starting with journal entries regarding any sole proprietorship business, posting them to the ledger and preparation of Trial balance.The students will then prepare Trading and Profit and Loss Account on the basis of the prepared trial balance. Expenses, incomes and profit (loss) are to be depicted using pie chart / bar diagram.
Free Courses
Business Studies
Classification of business activities: Industry and Commerce. Industry - types: primary, secondary, tertiary - Meaning and sub types. Commerce - trade: types (internal, external, wholesale and retail; and auxiliaries to trade: banking, insurance, transportation, warehousing, communication, and advertising. Syllabus for business studies is given below:
Part A: Foundations of Business
Unit 1 - Evolution and Fundamentals of Business
Unit 2 - Forms of Business Organisations
Unit 3 - Public, Private and Global Business
Unit 4 - Business Services
Unit 5 - Emerging Modes of Business
Unit 6 - Social Responsibility of Business and Business ethics
Part B: Finance and Trade
Unit 7 - Sources of Business Finance
Unit 8 - Small Business
Unit 9 - Internal Trade
Unit 10 - International Business
Term I- MCQ based Question Paper of 40 marks, duration 90 minutes
Term II- Subjective Question Paper of 40 marks, duration 2 hrs.
The syllabus of Business Studies Class 11 is divided into theory and project work. The theory is for 80 marks and the rest 20 marks are for the project work students have to submit. The syllabus is fundamental to students with an interest in the field of business. Students wishing to pursue the same in their higher studies should focus on obtaining an in-depth understanding of the topics and concepts.
Economics
CBSE Syllabus for Class 11 Economics
Part A: Statistics for Economics
In this course, learners are expected to acquire skills in the collection, organization, and presentation of quantitative and qualitative information pertaining to various simple economic aspects systematically. It also intends to provide some basic statistical tools to analyze and interpret any economic information and draw appropriate inferences. In this process, the learners are also expected to understand the behavior of various economic data.
Unit 1: Introduction
What is Economics?
Meaning, scope, functions, and importance of statistics in Economics
Unit 2: Collection, Organisation, and Presentation of data
Collection of data – sources of data – primary and secondary; how basic data is collected with concepts of Sampling; methods of collecting data; some important sources of secondary data: Census of India and National Sample Survey Organisation.
Organization of Data: Meaning and types of variables; Frequency Distribution.
Presentation of Data: Tabular Presentation and Diagrammatic Presentation of Data: (i) Geometric forms (bar diagrams and pie diagrams), (ii) Frequency diagrams (histogram, polygon, and Ogive), and (iii) Arithmetic line graphs (time series graph).
Unit 3: Statistical Tools and Interpretation
For all the numerical problems and solutions, the appropriate economic interpretation may be attempted. This means, the students need to solve the problems and provide interpretation for the results derived.
Measures of Central Tendency – Arithmetic mean, median and mode.
Measures of Dispersion – absolute dispersion standard deviation); relative dispersion co-efficient of variation)
Correlation – Meaning and properties, scatter diagram; Measures of correlation – Karl Pearson’s method (two variables ungrouped data)
Introduction to Index Numbers – Meaning, types – wholesale price index, consumer price index, uses of index numbers; Inflation and index numbers.
Part B: Introductory Microeconomics
Unit 4: Introduction
Meaning of microeconomics and macroeconomics; positive and normative economics.
What is an economy? Central problems of an economy: what, how, and for whom to produce; concepts of production possibility frontier and opportunity cost.
Unit 5: Consumer’s Equilibrium and Demand
Consumer’s equilibrium – meaning of utility, marginal utility, the law of diminishing marginal utility, conditions of consumer’s equilibrium using marginal utility analysis.
Indifference curve analysis of consumer’s equilibrium-the consumer’s budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map), and conditions of consumer’s equilibrium.
Demand, market demand, determinants of demand, demand schedule, demand curve and its slope, movement along and shifts in the demand curve; price elasticity of demand – factors affecting price elasticity of demand; measurement of price elasticity of demand – percentage-change method.
Unit 6: Producer Behaviour and Supply
Meaning of Production Function – Short-Run and Long-Run
Total Product, Average Product, and Marginal Product.
Returns to a Factor
Cost: Short run costs – total cost, total fixed cost, total variable cost; Average cost; Average fixed cost, average variable cost, and marginal cost-meaning and their relationships.
Revenue – total, average and marginal revenue – meaning and their relationship. Producer’s equilibrium-meaning and its conditions in terms of marginal revenue- marginal cost. Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in the supply curve, price elasticity of supply; measurement of price elasticity of supply – percentage-change method.
Unit 7: Forms of Market and Price Determination under Perfect Competition with simple applications.
Perfect competition – Features; Determination of market equilibrium and effects of shifts in demand and supply.
Simple Applications of Demand and Supply: Price ceiling, price floor.
TERM 1 - MCQ BASED QUESTION PAPER of 40 marks of 90 minutes
Part A Statistics for Economics
Introduction
Collection, Organisation and Presentation of Data
Statistical Tools and Interpretation – Arithmetic Mean, Median and Mode
Part B Introductory Microeconomics
Introduction
Consumer's Equilibrium and Demand
Part C Project Work (Part 1): 10 Marks
TERM 2 - SUBJECTIVE QUESTION PAPER of 40 marks of duration 2 hrs.
Part A Statistics for Economics
Statistical Tools and Interpretation – Measures of Dispersion, Correlation, Index Number
Part B Introductory Microeconomics
Producer Behaviour and Supply
Forms of Market and Price Determination under perfect competition with simple applications
Part C Project Work (Part 2): 10 Marks
Course content
Accountancy Premium
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2Chapters
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201Videos
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21Pdfs
Free Course
Business Studies
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11Chapters
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0Lectures
Economics
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2Chapters
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0Lectures
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