this class in created for ongoing students of CBSC/ICSC /state board class 11th students to clear the concept of accounts. It will help students to understand the basic concepts and principles of accounting and make them enable to score good marks in their examination .
This class cover 11 Accountancy syllabus, it tpically covers fundamental accounting concepts, principles, and practices, including recording business transactions, preparing financial statements, and understanding the basics of accounting theory. It is divided into modules or units, often organized around topics like introduction to accounting, recording of transactions, bank reconciliation, trial balance, and financial statements.
- Unit 1: Introduction to Accounting:
- Accounting: Meaning, objectives, scope, and limitations
- Qualitative characteristics of accounting information
- Users of accounting information and their needs
- Basic accounting terms
- Unit 2: Theory Base of Accounting:
- Accounting principles: Meaning and nature
- Accounting assumptions
- Unit 3: Recording of Transactions:
- Accounting equation
- Journal and ledger
- Subsidiary books
- Unit 4: Financial Statements:
- Meaning, objectives, and importance
- Preparation of trading and profit and loss account
- Preparation of balance sheet
- Adjustments in financial statements
- Unit 5: Goods and Services Tax (GST): Characteristics and objectives of GST Calculation of GST