CBSE Class 11 Accountancy Syllabus for 2022-23

In this page, we have covered the detailed syllabus of CBSE Class 11 Accountancy Syllabus for Session 2022-23. Students must refer to the syllabus to start their preparation to score well by analysing the topics and chapters for this year examination.

2022-23 Reduced Syllabus

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We have also provided the syllabus for the 2021-22 session that was previously restored so that you can compare the deleted and added topics.

2021-22 Reduced Syllabus

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<red> Marked in red: <red> Topics <red> removed <red>for 2021-22

Parts Units Marks
Term I Term II
A Financial Accounting – I
Unit 1: Theoretical Framework 12 -
Unit 2: Accounting Process 28 12
B Financial Accounting – II
Unit 3: Financial Statements of Sole Proprietorship from Complete and Incomplete Records - 20
Unit 4: Computers in Accounting - 08
(Till Ledger Posting and Balancing of Accounts)
10 -
(Financial Statements and Depiction using Diagrammatic/ Graphical tools)
- 10


Part A: Financial Accounting – I

Unit 1: Theoretical Framework

1. Introduction to Accounting

  • Accounting: concept, objectives, advantages and limitations, types of accounting information; users of accounting information and their needs. Qualitative Characteristics of Accounting Information. Role of Accounting in Business.
  • Basic Accounting Terms: Business Transaction, Capital, Drawings. Liabilities (Non Current and Current). Assets (Non Current, Current); Fixed assets (Tangible and Intangible), Expenditure (Capital and Revenue), Expense, Income, Profit, Gain, Loss, Purchase, Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash Discount).

2. Theory Base of Accounting

  • Fundamental accounting assumptions: GAAP, concept
  • Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism, Materiality and Objectivity
  • System of Accounting. Basis of Accounting: cash basis and accrual basis
  • Accounting Standards: Applicability in IND AS
  • Goods and Services Tax (GST): Characteristics and Objective.

Unit 2: Accounting Process

1. Recording of Business Transactions

  • Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers, Accounting Equation Approach: Meaning and Analysis, Rules of Debit and Credit.
  • Recording of Transactions: Books of Original Entry- Journal
  • Special Purpose books:
  • Cash Book: Simple, cash book with bank column and petty cash book
  • Purchases book
  • Sales book
  • Purchases return book
  • Sales return book

NOTE: Including trade discount, freight and cartage expenses for simple GST calculation.

  • Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts

2. Bank Reconciliation Statement:

  • Need and preparation

3. Depreciation, Provisions and Reserves

  • Depreciation: Concept, Features, Causes, factors
  • Other similar terms: Depletion and Amortisation
  • Methods of Depreciation:

i. Straight Line Method (SLM)

ii. Written Down Value Method (WDV)

NOTE: Excluding change of method

  • Difference between SLM and WDV; Advantages of SLM and WDV
  • Accounting treatment of depreciation

i. Charging to asset account

ii. Creating provision for depreciation/ accumulated depreciation account

  • Provisions and Reserves: Difference
  • Types of Reserves:

i. Revenue reserve

ii. Capital reserve

iii. General reserve

iv. Specific reserve

v. Secret Reserve

  • Difference between capital and revenue reserve


Part A: Financial Accounting – I

Unit 2: Accounting Process

1. Accounting for Bills of Exchange

  • Bill of exchange and Promissory Note: Definition, Specimen, Features, Parties.
  • Difference between Bill of Exchange and Promissory Note
  • Terms in Bill of Exchange:

i. Term of Bill

ii. Accommodation bill (concept)

iii. Days of Grace

iv. Date of maturity

v. Discounting of bill

vi. Endorsement of bill

vii. Bill after due date

viii. Negotiation

ix. Bill sent for collection

x. Dishonour of bill

  • Accounting Treatment

NOTE: Excluding accounting treatment for accommodation bill

2. Trial Balance and Rectification of Errors

  • Trial balance: objectives and preparation

Scope: Trial balance with balance method only

  • Errors: types-errors of omission, commission, principles, and compensating; their effect on Trial Balance.
  • Detection and rectification of errors; preparation of suspense accounts.

Part B: Financial Accounting – II

Unit 3: Financial Statements of Sole Proprietorship

1. Financial Statements

  • Meaning, objectives and importance; Revenue and Capital Receipts; Revenue and Capital Expenditure; Deferred Revenue expenditure.
  • Trading and Profit and Loss Account: Gross Profit, Operating profit and Net profit. Preparation.
  • Balance Sheet: need, grouping and marshalling of assets and liabilities. Preparation.
  • Adjustments in preparation of financial statements with respect to closing stock, outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, Abnormal loss, goods taken for personal use/ staff welfare, interest on capital and managers commission.
  • Preparation of Trading and Profit and Loss account and Balance Sheet of a sole proprietorship with adjustments.

2. Incomplete Records

  • Features, reasons and limitations.
  • Ascertainment of Profit/ Loss by Statement of Affairs method.
  • <red> Difference between accounts from incomplete records and Statement of Affairs. Preparation of Trading, Profit and Loss account and Balance Sheet. <red>

Unit 4: Computers in Accounting

  • Introduction to computer and accounting information system {AIS}: Introduction to computers (elements, capabilities, limitations of computer system)
  • <red> Introduction to operating software, utility software and application software. <red>
  • <red> Introduction to accounting information system (AIS) as a part of Management Information System. <red>
  • <red> Automation of accounting process: meaning <red>
  • <red> Stages in automation: (a) Accounting process in a computerised environment; comparison between manual accounting process and computerised accounting process, (b) Sourcing of accounting software; kinds of software: readymade software; customised software and tailor-made software; generic considerations before sourcing accounting software (c) creation of account groups and hierarchy (d) generation of reports - trial balance, profit and loss account and balance sheet <red>


  • The scope of the unit is to understand accounting as an information system for the generation of accounting information and preparation of accounting reports.
  • It is presumed that the working knowledge of any appropriate accounting software will be given to the students to help them learn basic accounting operations on computers.

Part C: Project Work (Any One)

The project work would be divided into two parts i.e. Term I (10 marks) and Term II (10 marks) for the purpose of assessment and will be covered as detailed below.

<red> 1. Collection of source documents, preparation of vouchers, recording of transactions with the help of vouchers. <red>

2. Comprehensive project of any sole proprietorship business. This may state with journal entries and their ledgering, preparation of Trial balance. Trading and Profit and Loss Account and Balance Sheet. Expenses, incomes and profit (loss), assets and liabilities are to be depicted using pie chart/ bar diagram.

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