Class 11 Accountancy typically covers foundational accounting concepts, including:

NCERT Class 11 Accountancy book by the official NCERT website PDF

NCERT Solutions for Class 11 Accountancy Part 1 Financial Accounting

Chapter 1 Introduction to Accounting :

  1. Meaning, objectives, and importance of accounting.
  2. Basic terms like assets, liabilities, capital, revenue, expenses, etc.
  3. Types of accounts: Personal, Real, and Nominal.


Chapter 2 Theory Base of Accounting:

  1. Accounting principles: Consistency, Conservatism, Accrual, Matching, etc.
  2. Accounting concepts: Business entity, Going concern, etc.
  3. Accounting conventions: Full disclosure, Materiality, etc.


Chapter 3 Recording of Transactions – I

  1. Journal entries.Journal: It explains the process of recording financial transactions in a journal (book of original entry). It includes:
  2. Rules for journalizing: Debit the receiver, Credit the giver, etc.
  3. Types of entries: Simple and compound journal entries.
  4. Special Journals: Purchase, sales, and cash journals.
  5. Ledger posting.Ledger: Once transactions are journalized, they are transferred to individual accounts in the ledger. The ledger helps to summarize all transactions related to a particular account


Chapter 4 Recording of Transactions – II

  1. Cash Book, Purchase and Sales Books.
  2. Special purpose books for transactions.


Chapter 5 Bank Reconciliation Statement

  1. Reasons for differences between cash book and pass book.
  2. Preparation of Bank Reconciliation Statement.


Chapter 6 Trial Balance and Rectification of Errors

  1. Preparing Trial Balance.
  2. Identifying and rectifying errors.


Chapter 7 Depreciation, Provisions and Reserves

  1. Concept and methods of depreciation.
  2. Provisions and reserves in financial accounting.


Chapter 8 Bills of Exchange

  1. Concept and types of bills.
  2. Accounting for bills of exchange


Accountancy: Financial Accounting Part 2

Financial Statements – I

  1. Trading and Profit & Loss Account.
  2. Balance Sheet.


Financial Statements -II

  1. Interpretation of financial statements using ratios.
  2. Understanding the limitations of financial statements.

Accounts from Incomplete Records

  1. Single-entry system and preparation of accounts from incomplete records.


Accounting for Not-for-Profit Organisation

  1. Accounting for clubs, societies, and other not-for-profit entities.
  2. Preparation of Receipts and Payments Account, Income and Expenditure Account, and Balance Sheet.
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