Subject Pattern : CBSE Class XI Accountancy Paper Pattern And Information
For Exam Preparation
Unit 1: Introduction to Accounting
- Accounting- meaning, objectives, Accounting as source of information,
external users of Accounting information and their needs.
- Qualitative characteristics of Accounting information-reliability,
understandability and comparability.
- Basic Accounting Terms - Asset, Liability, Capital, Expense, Income,
Expenditure, Revenue, Debtors, Creditors, Goods, Cost, Gain, Stock,
Purchase, Sales, Loss, Profit, Voucher, Discount, Transaction, Drawings.
Unit 2: Theory Base of Accounting
- Accounting Principles - meaning and nature
- Accounting Concepts: Entity, Money Measurement, Going Concern, Accounting
Period, Cost Concept, Dual Aspect, Revenue Recognition (Realisation),
Matching, Accrual, Full Disclosure, Consistency, Conservatism, Materiality
- Accounting Standards- Concept
- Process of accounting-from recording of business transactions to
preparation of trial balance.
- Bases of Accounting - Cash Basis, Accrual Basis
Unit 3: Recording of Business Transactions
- Voucher and Transactions: Origin of Transactions-Source Documents and
Vouchers, preparation of Accounting vouchers; Accounting Equation Approach -
Meaning and Analysis of transactions using Accounting Equation: Rules of
Debit and Credit.
- Recording of Transactions: Books of original entry - Journal, Special
Purpose Books: i) Cash Book - Simple, Cashbook with Bank column and Petty
Cashbook, ii) Purchases Book, Sales Book, Purchase Returns Book, Sales
Returns Book; Ledger-meaning, utility, format; posting from Journal and
Subsidiary books; Balancing of Accounts.
- Bank Reconciliation Statement: Meaning, Need and Preparation, Corrected
Cash Book Balance
Unit 4: Trial Balance and Rectification of Errors
- Trial Balance: meaning, objectives and preparation.
- Errors: Types of Errors: Errors of omission, commission, principles and
compensating errors affecting Trial Balance; errors not affecting Trial
- Detection and Rectificition of Errors (One Sided and Two Sided); use of
Unit 5: Depreciation, Provisions and Reserves
- Depreciation: Meaning and need for charging depreciation, factors
affecting depreciation,methods of depreciation-Straight Line method, Written
Down Value method (excludingchange in method), Method of recording
depreciation-charging to asset account, creatingprovision for
depreciation/accumulated depreciation account; Treatment of disposal of
- Provisions and Reserves: meaning, importance, difference between
Provisions andReserves, types of Reserves: Revenue Reserve, Capital Reserve,
General Reserve, Specific Reserve and Secret Reserves
Unit 6: Accounting for Bills of Exchange Transactions
- Bills of exchange and Promissory Note: definition, features, parties,
specimen and distinction.
- Important Terms: Term of Bill, Accommodation Bill, Days of Grace, Date of
Maturity, Billat Sight, Negotiation, Endorsement, Discounting of Bill,
Dishonour, Retirement and Renewal of a Bill.
- Accounting treatment of trade bills and accomodation bills.
Part B: Financial Accounting - II
Unit 7: Financial Statements
- Financial statements: meaning and users.
- Capital Expenditure and Deferred Revenue Expenditure
- Trading and Profit and Loss Account: Gross Profit, Operating and net
- Balance Sheet: need, grouping and marshalling of Assets and Liabilities.
Vertical and Horizontal Presentation of Financial Statements.
- Adjustments in preparation of financial statements with respect to closing
stock, expenses, prepaid expenses, accrued Income, Income received In
advance, depreciationand bad debts, provision for doubtful debts, provision
for discount on debtors, manager's commission.
- Preparation of Trading and Profit & Loss Account and Balance Sheet of
Unit 8: Accounts from incomplete records
Incomplete records : meaning, uses and limitations. Ascertainment of
profit/loss by statementof affairs method, conversion method.
Unit 9: Computers in Accounting
- Introduction to Computer and Accounting Information System (AIS)
- Applications of computers in accounting:
- Automation of accounting process, designing accounting reports,
MISreporting, data exchange with other information systems
- Comparison of accounting processes in manual and computerized
accounting,highlighting advantages and limitations of automation
- Sourcing of accounting system: readymade and customized and tailor-madeaccounting
system. Advantages and disadvantages of each option.
Unit 10: Accounting and Database System
- Accounting and Database Management System
- Concept of entity and relationship: entities and relationships in an
Accounting System:designing and creating simple tables, forms, queries and
reports in the context of Accounting System.
Recommended text books
1. Accountancy Part - I, Published by NCERT
2. Accountancy Part - II – do –