Accountancy Syllabus for Class 11 CBSE Term 2

The item below contains the CBSE Term 2 Syllabus for Class 11 Accountancy, which can be seen and downloaded in PDF format. The syllabus is appropriate for students preparing for the CBSE Academic Session 2021-2022. The syllabus for students who have selected Accountancy as their topic may be downloaded here.

CBSE Term 2  2022: Class 11 Accountancy Marking Scheme 

Source: Safalta

Term-2
Theory - 40 Marks	Marks
	Part A	12
Unit 2
Accounting Process:
1	Accounting For Bills Of Exchange
2	Trial Balance And Rectification Of Errors
	Part B: Financial Accounting-II
	Unit 3	20
	Financial Statements Of Sole Proprietorship From Complete And Incomplete Records
	Unit 4	8
	Computers In Accounting
	Total	40
	Project (Part – 2): 10 Marks

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Accountancy Syllabus for CBSE Term 2 Class 11

Part One

Bills of Exchange Accounting

• Definition, Specimen, Features, and Parties of a Bill of Exchange and a Promissory Note
• The following are the differences between a Bill of Exchange and a Promissory Note:

1. Term of Bill 
2. Accommodation bill (concept) 
3. Days of Grace 
4. Date of maturity 
5. Discounting of bill 
6. Endorsement of bill 
7. Bill after the due date 
8. Negotiation 
9. Bill sent for collection 
10. Dishonour of bill 

Treatment in Accounting
Note that the accounting treatment for the accommodation bill is not included.

Rectification of Errors and Trial Balance
Objectives and preparation are in balance during the trial. (Scope: Trial balance using only the balancing method)
Mistakes: kinds of omission, commission, principles, and compensating errors, as well as their impact on Trial Balance.
Error detection and correction; suspense account preparation.

Financial Accounting - II (Part B)

Unit 3: Sole Proprietorship Financial Statements

Statements of Financial Position

• Meaning, goals, and significance; revenue and profitability
• Revenue and Capital Expenditure; Capital Receipts;
• Revenue spending that has been postponed.
• Gross Profit, Operating Profit, and Net Profit are the three components of the trading and profit and loss account. Preparation.
• Assets and liabilities must be grouped and marshaled on a balance sheet. Preparation.

Adjustments to closing stock, outstanding costs, prepaid expenses, accumulated income, income received in advance, depreciation, bad debts, provision for dubious debts, provision for discount on debtors, and depreciation in the production of financial statements Unusual loss, products are taken for personal use/staff welfare, interest on capital, and manager's commission are all examples of unusual losses.

Preparation of a sole proprietorship's trading and profit and loss account, as well as its balance sheet, with revisions.

Records that aren't complete

Characteristics, causes, and restrictions

Profit/Loss Calculation Using the Statement of Affairs Method

Computers in Accounting, Unit 4:

AIS: Introduction to Computers and Accounting Information System (AIS): Introduction to Computers and Accounting Information System (AIS): Introduction to Computers and Accounting Information System (AIS (elements, capabilities, limitations of computer system)

Scope:

(i)The unit's goal is to help students comprehend accounting as an information system for generating accounting data and producing accounting reports.

(ii) It is assumed that students will be provided a working grasp of any acceptable accounting software to assist them in learning fundamental accounting procedures on computers.
 

Project Work (Part C)

For the purposes of assessment, the project work will be divided into two sections, Term I (10 marks) and Term II (10 marks), and will be covered as specified below.

Any sole proprietorship business's comprehensive project. This might include journal entries and corresponding ledger postings, as well as trial balance preparation. Trading, as well as a profit and loss account and a balance sheet, are all important. A pie chart/bar diagram should be used to show expenses, incomes, profit (loss), assets, and liabilities.

CBSE TERM 2 11TH SYLLABUS ACCOUNTANCY

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