Class 11 Accountancy Syllabus 2025 [For AHSEC/ASSEB HS First Year]

ACCOUNTANCY REVISED SYLLABUS FOR HIGHER SECONDARY FIRST YEAR COURSE

W.E.F. SESSION: 2024-25

Theory: 80 Marks

Time: Three Hours

Project: 20 Marks

Unit-wise Distribution of Marks & Periods:

Unit	Topics	Marks	Periods
PART-A: FINANCIAL ACCOUNTING-I (60 Marks)
Unit-1	Introduction to Accounting	10	15
Unit-2	Theory Base of Accounting	10	20
Unit-3	Recording of Business Transactions	20	45
Unit-4	Trial Balance and Rectification of Errors	10	25
Unit-5	Depreciation, Provisions, and Reserves	10	25
PART-B: FINANCIAL ACCOUNTING-II (20 Marks)
Unit-6	Financial Statements	20	40
PART-C: PROJECT WORK		20	10
Total (Part A + Part B + Part C)		100	180

Unit-wise Distribution of Course Contents:

Part –A: FINANCIAL ACCOUNTING –I

Unit-1: Introduction to Accounting (Marks: 10)

• Accounting – Meaning, Objectives, Accounting as a Source of Information, Internal and External Users of Accounting Information and their needs, Role of Accounting.
• Qualitative Characteristics of Accounting Information: Reliability, Relevance, Understandability, and Comparability.
• Basic Accounting Terms: Account, Debit, Credit, Entity, Asset, Liability, Capital, Expense, Income, Expenditure, Revenue, Debtors, Creditors, Goods, Cost, Gain, Stock, Purchases, Sales, Loss, Profit, Voucher, Discount (Trade Discount and Cash Discount), Transaction, Drawings, Revenue Items, Capital Items.

Unit-2: Theory Base of Accounting (Marks: 10)

• Generally Accepted Accounting Principles (GAAP): Meaning and Nature.
• Basic Accounting Concepts: Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Dual Aspect, Revenue Recognition (Realisation), Matching, Accrual, Full Disclosure, Consistency, Conservatism, Materiality, Objectivity.
• Accounting Standards: Needs, Benefits, Limitations, Applicability. Concept of Ind.AS.
• Goods and Services Tax (GST): Meaning, Characteristics, and Advantages.
• System of Accounting: Single Entry and Double Entry.
• Bases of Accounting: Cash Basis, Accrual Basis.

Unit-3: Recording of Business Transactions (Marks: 20)

• Voucher and Transaction: Origin of Transaction, Source documents and Vouchers, Preparation of Vouchers, Rules of Debit and Credit (English and American Approach), Accounting Equation.
• Recording of Transactions: Books of Original Entry – Journal, Ledger, Posting from Journal, Balancing of Accounts.
  • Special Purpose Books:
    • (i) Cash book – Single Column, Double Column, Triple Column, and Petty Cash book
    • (ii) Purchases Book, Sales Book, Purchases Returns Book, Sales Return Book, and Journal Proper.
• Bank Reconciliation Statements: Meaning, Needs, and Preparation.

Unit-4: Trial Balance and Rectification of Errors (Marks: 10)

• Trial Balance: Meaning, Objectives, and Preparation.
• Errors: Types of Errors; Errors affecting trial balance; Errors not affecting Trial balance.
• Rectification of Errors, Suspense Account.

Unit-5: Depreciation, Provisions, and Reserves (Marks: 10)

• Depreciation: Meaning, Features, Causes, and Need for charging depreciation, Factors affecting depreciation.
• Methods of Depreciation: Straight Line Method, Written Down Value Method.
• Accounting for Depreciation: Charging to asset account, creating provision for depreciation/accumulated depreciation account, Treatment of disposal of an asset, Addition/Extension to the existing asset.
• Provisions and Reserves: Meaning, Importance, Accounting treatment for Provisions for Bad and Doubtful Debts.
• Difference between Provisions and Reserves.
• Types of Reserves: Revenue Reserve, Capital Reserve, General Reserve, Specific Reserve, and Secret Reserve.
• Difference between Revenue Reserve and Capital Reserve.

PART-B: FINANCIAL ACCOUNTING-II

Unit-6: Financial Statements (Marks: 20)

• Financial Statements: Meaning and Users.
• Capital Expenditure, Revenue Expenditure, Capital Receipts, and Revenue Receipts.
• Trading Account, Profit and Loss Account, and Balance Sheet: Needs, Marshalling of Assets and Liabilities, Horizontal and Vertical Format of Balance Sheet.
• Preparation of Trading and Profit and Loss Account and Balance Sheet of Sole Proprietorship Business.
• Adjustments in preparation of financial statements:
• Closing stock
• Outstanding expenses
• Prepaid expenses
• Accrued income
• Income received in advance
• Depreciation
• Bad debts
• Provision for doubtful debts
• Provision for discount on debtors
• Manager’s Commission
• Interest on Capital

PART-C: PROJECT WORK (Marks: 20)

• Project Preparation: 12 Marks
• Project VIVA VOCE: 8 Marks

Format for Project Work:

1. Cover Page: Title of the Project, Student Information (Name, Roll No, Registration No, Year).
2. Acknowledgement: Second Page.
3. Declaration by the Student: Third Page.
4. Certificate from Supervisor/Guide and Head of Institution: Fourth Page.
5. Contents/Index: Fifth Page (Main text, References/Bibliography).

Project Design:
Step-I: Visit any selected Trading Organization.
Step-II: Collect required accounting or financial data.
Step-III (Common for all):

• Collect source documents.
• Identify account heads & debit and credit aspects.
• Record in the journal.
• Post to ledger accounts.

Step-IV (Any one of the following):

• Prepare a Trial Balance.
• Prepare a Cash Book.
• Prepare Debit/Credit Vouchers.
• Prepare a Bank Reconciliation Statement.
• Any other suitable accounting process/practice.

Main Text of the Project:

• Chapter-I: Introduction (Objectives, Methodology, Limitations).
• Chapter-II: Profile of the Organization.
• Chapter-III: Summary of the Project Work.
• Chapter-IV: Conclusion.

This syllabus follows the revised guidelines for the academic session 2024-25