11th Class Accountancy Overview

11th Class Accountancy Overview

Have you passed out SSC with flying marks and opting for Commerce? Well, Accountancy is the most vital and key subject for any Class 11 student. The most important aspect is to understand and have clarity of Accounting basics and concepts.  It is more than just debit and credit, profit and loss. You will get to form a strong foundation of Accountancy with several chapters covering the Class 11 Accountancy syllabus.

Let Us Have An Overview Of Class 11 Accountancy Syllabus.

Accountancy can be the most simple yet the most challenging subject to understand. If the concepts aren’t clear, you would not be able to have stronghold onto it. At the same time, with practice and revision and understanding of clear concepts, students can easily learn and score well. As its practical subject, students do score 100/100 marks in it.

Chapters In Class 11 Accountancy Syllabus:

There are a total of 15 chapters in class 11 Accountancy syllabus. They are:

  • Chapter 1- Introduction to Accounting
  • Chapter 2- Theory Base of Accounting
  • Chapter 3- Recording of Transaction-1
  • Chapter 4- Recording of Transaction -2
  • Chapter 5- Bank Reconciliation statement
  • Chapter 6 -Trial Balance and Rectification of Errors
  • Chapter 7- Depreciation, Provision and Reserves
  • Chapter 8- Bill of exchange
  • Chapter 9- Financial Statements- 1
  • Chapter 10- financial Statements-2
  • Chapter 11- Accounts from Incomplete Records
  • Chapter 12- Applications of Computers in Accounting
  • Chapter 13- Computerized Accounting Systems
  • Chapter 14- Structuring Database fro Accounting
  • Chapter 15- Accounting System using Database Management System

You will get a strong base of theoretical concepts of Accounts after learning all these concepts. These are all accounting standards formed by Institute of Chartered Accountancy of India. All the Accounting Definitions, their theoretical and practical approach would be learned in this class.

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Online Study As A New Medium Of Education

The Internet has played a huge role to get whatever note students want sitting at their home. Yes, be it any chapter, book or solutions, everything is available online. This has undoubtedly made life easier as Accountancy concepts are just a click away. You can easily register and Study Online 11th Commerce subjects. Also, there are several websites and apps that provide online tutoring, as well.  Study under the guidance of subject matter experts. Self Learning is emphasized more via Online education.

Why Accountancy Is Important To Be Learned In Class 11

Accounts is part and parcel of everybody’s life. Your mother would be taking care of the home finances while the father takes care of his job finances. Students tend to budget their pocket money. So in every scenario, there is an accounting concept. Managing finances would be much easier if students are taught at the very beginning stage.

Throughout the future, Accountancy will not leave your path. The strong base of theoretical concepts would be taken care of in Class 11. Also it will help in other class 11 subjects like Finance. So, understanding the concepts thoroughly is what students must aim for.

Takeaway

All the topics stated above are well explained with examples in the books provided to the students. Apart from books, Study Online 11th Commerce with the advent of technology with just a click. Have a proper and thorough understanding of the concepts and score well! All the Best!!