CBSE Class 11 Accountancy Syllabus 2022-23

CBSE Class 11 Accountancy Syllabus 2022-23 includes Theoretical Framework, Accounting Process, Financial Statements of Sole Proprietorship etc for the session 2022 – 2023. Here is the detailed syllabus. To download class 11 Accountancy CBSE latest sample question papers for the 2023 exams, please install the myCBSEguide App which is the best mobile app for CBSE students. The myCBSEguide app not only provides you the CBSE class 11 Accountancy model question papers but it also provides class 11 Accountancy chapter-wise test papers, class 11 Accountancy best revision notes and other study material for class 11 Accountancy students.

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CBSE Class – 11
Accountancy (Code No. 055)
Syllabus (2022-23)

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Theory: 80 Marks
Project: 20 Marks
Time: 3 Hours

Units		Periods	Marks
Part A: Financial Accounting-1
	Unit-1: Theoretical Framework	25	12
	Unit-2: Accounting Process	115	44
Part B: Financial Accounting-II
	Unit-3: Financial Statements of Sole Proprietorship	60	24
Part C: Project Work		20	20

PART A: FINANCIAL ACCOUNTING – I
Unit-1: Theoretical Frame Work (Units/Topics)

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 Recognition, Matching, Full 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:
  1. Straight Line Method (SLM)
  2. Written Down Value Method (WDV)

Note: Excluding change of method

• Difference between SLM and WDV; Advantages of SLM and WDV
• Method of recoding depreciation
  1. Charging to asset account
  2. Creating provision for depreciation/accumulated depreciation account
• Treatment of disposal of asset
• Provisions, Reserves, Difference Between Provisions and Reserves.
• Types of Reserves:
  1. Revenue reserve
  2. Capital reserve
  3. General reserve
  4. Specific reserve
  5. 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;
  1. Errors which do not affect trial balance
  2. 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)

1. Collection of source documents, preparation of vouchers, recording of transactions with the help of vouchers.
2. Preparation of Bank Reconciliation Statement with the given cash book and the pass book with twenty to twenty-five transactions.
3. 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.

CBSE Class – 11
Accountancy (Code No. 055)
Syllabus (2022-23)

Theory: 80 Marks
Project: 20 Marks
Time: 3 Hours

S.No.	Typology of Questions	Marks	Percentage
1	Remembering 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	44	55%
2	Applying: Solve problems to new situations by applying acquired knowledge, facts, techniques and rules in a different way.	19	23.75%
3	Analysing, 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.	17	21.25%
	Total	80	100%