Class XI

This chapter covers the objectives, advantages, limitations and the types of accounting information. The students are also introduced to the uses of accounting information and their needs. Some of the basic accounting terms introduced in this chapter include business transaction, account, capital, liability, asset, expenditure, expense, income, profits, gains and losses, purchases sales, sales returns, stock, trade receivable, goods, cost, vouchers, discount - trade, and cash.

Accounts from Incomplete Record

1501501901Bank-Reconciliation-Statement.png

This chapter introduces the students to the definition, features, parties, specimen, and distinction of Bills of exchange and promissory note with introduction to the terms such as term of bill, due date, days of grace, date of maturity, endorsement of bill, discounting of bill, bill sent for collection noting of bill, retirement, , dishonor of bill, and renewal of a bill.

This chapter covers the concept, need, and factors affecting depreciation, the different methods used for computation of depreciation, the accounting treatment of depreciation, concept, objectives, and difference between provisions and reserves and the different types of reserves.

Financial Statements

Introduction to Accounting

This chapter covers the analysis of transactions u...

This chapter introduces the students to the books of original entry their format and recording in a journal. The other topics covered in this chapter includes Simple Cash Book, Cash Book with Discount Column, Cash Book with Bank and Discount Columns, Petty Cash Book, purchases book, sales book, purchases returns the book, sales returns book and journal proper.

Theory Base of Accounting

This chapter covers the concept of trial balance and its objective. The students are further introduced to different types of errors of omission, commission, principles, and compensating and the effect they have on trial balance. This chapter also covers the concept of preparation of a suspense account.