Class 11 Accountancy Notes

Chapters in Class 11 Accountancy — 7 chapters.

These notes are free to read without an account. Work through them in order, or use the chapter list to revise selectively before a test.

Chapters in Class 11 Accountancy

  1. Chapter 1: Introduction to Accounting

    7 topics

    • Introduction of Accounting
    • Meaning of Accounting
    • Accounting as a Source of Information
    • Qualitative Characteristics of Accounting Information
    • The key objectives of accounting
    • Basic Terms in Accounting
    • Important Topics

  2. Chapter 2: Theory Base of Accounting

    7 topics

    • Introduction of Theory Base of Accounting
    • Generally Accepted Accounting Principles & Basic Accounting Concepts
    • Systems of Accounting
    • Basis of Accounting
    • Accounting Standards
    • Goods and Services Tax (GST)
    • Important Topics

  3. Chapter 3: Recording of Transactions-I

    8 topics

    • Introduction of Recording of Transactions-I
    • Accounting Equation
    • Using Debit and Credit
    • Rules of debit and credit
    • Books of Original Entry
    • Journal
    • Ledger
    • Important Topics

  4. Chapter 4: Recording of Transactions-II

    8 topics

    • Introduction of Recording of Transactions-II
    • Cash Book
    • Purchases Book
    • Purchases Return (Journal) Book
    • Sales Return (Journal) Book
    • Journal Proper
    • Balancing the Accounts
    • Important Topics

  5. Chapter 5: Bank Reconciliation Statement

    6 topics

    • Introduction of Bank Reconciliation Statement
    • Need for Reconciliation
    • Timing Differences
    • Differences Caused by Errors
    • Preparation of Bank Reconciliation Statement
    • Important Questions

  6. Chapter 6: Trial Balance and Rectification of Errors

    11 topics

    • Introduction of Trial Balance and Rectification of Errors
    • Objectives of Preparing the Trial Balance
    • Preparation of Trial Balance
    • Significance of Agreement of Trial Balance
    • Errors in accounting
    • Searching of Errors
    • Rectification of Errors
    • Rectification of Errors which do not Affect the Trial Balance

  7. Chapter 7: Depreciation, Provisions and Reserves

    10 topics

    • Introduction of Depreciation, Provisions and Reserves
    • Meaning and Features of Depreciation
    • Depreciation and Other Similar Terms: Depletion and Amortisation
    • Causes of Depreciation
    • Need for Depreciation
    • Methods of Calculating Depreciation Amount
    • Advantages & Limitations of Straight Line Method
    • Straight Line Method vs. Written Down Value Method: A Detailed Comparative Analysis