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CBSE class 11 commerce Accountancy sample papers

CBSE class 11 commerce Accountancy sample papers:- we will provide complete details of CBSE class 11 commerce Accountancy sample papers in this article.

CBSE class 11 commerce Accountancy sample papers

CBSE is an eminent educational board and it is quite popular because of its well-evaluated syllabus and comprehensive question pattern. The board

CBSE class 11 commerce Accountancy sample papers

also analyses students’ requirements and based on that it offers holistic school education along with a robust environment, where students can freely develop physically and mentally. Moreover, the board follows CCE (Continuous and Comprehensive Evaluation) and through this system, it determines students’ learning problems and consequently, it takes required measures to improve students’ overall performances. To maintain its noble objectives, the board follows this system for the betterment of students. The board maintains equal learning process in all its affiliated schools. It imparts quality education to all students without any compromise and always keeps up a healthy learning atmosphere that enables students to perform well in exams. According to the conclusion of current research, the board prescribes its syllabus. CBSE Syllabus for Class 11 is a good learning resource through which students can get clear understanding about different topics. Additionally, the board makes all of its syllabus available online including 11 class CBSE syllabus. Required subjects and their topics are all incorporated in this syllabus in an organized manner.

CBSE class 11 commerce Accountancy sample papers

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Accounts is a demanding subject of Commerce stream. It deals with the income, expenses, assets and other relevant things. However, it is appreciated in the sectors of finance and banking. It has been observed that most students are interested to learn this subject as it provides good job opportunities. Some important areas of accounting career are budget analysis, audit, tax, management accounting, and others. With thorough knowledge in Accounts, students can apply for the jobs in the government as well as corporate sectors. Additionally, they can work independently.

CBSE class 11 commerce Accountancy sample papers

Course Structure
Unit Topic Marks
Part A Financial Accounting – I  
1. Theoretical Framework 15
2. Accounting Process 35
Part B Financial Accounting – II  
3. Financial Statements of Sole Proprietorship 15
4. Financial Statements of Non-Profits 15
5. Computers in Accounting 10
Part C Project Work 10
  Total Marks 100

Part A: Financial Accounting – I (50 Marks)

Unit 1: Theoretical Framework

Introduction to Accounting

  • Accounting: objectives, advantages and limitations, types of accounting information; users of accounting information and their needs.
  • Basic accounting terms: business transaction, account, capital, drawings, liability (Non – current and current); asset (Non – current; tangible and intangible assets and current assets), receipts (capital and revenue), expenditure (capital, revenue and deferred), expense, income, profits, gains and losses, purchases, purchases returns, sales, sales returns, stock, trade receivables (debtors and bills receivable), trade payables (creditors and bills payable), goods, cost, vouchers, discount – trade and cash.

Theory Base of Accounting

  • Fundamental accounting assumptions: going concern, consistency, and accrual.
  • Accounting principles: accounting entity, money measurement, accounting period, full disclosure, materiality, prudence, cost concept, matching concept and dual aspect.
  • Bases of accounting – cash basis and accrual basis.
  • Accounting Standards and IFRS (International Financial Reporting Standards): Concept and Objectives

Unit 2: Accounting Process

Recording of Transactions

  • Accounting equation: analysis of transactions using accounting equation.
  • Rules of debit and credit: for assets, liabilities, capital, revenue and expenses
  • Origin of transactions- source documents (invoice, cash memo, pay in slip, cheque), preparation of vouchers – cash (debit and credit) and non cash (transfer).
  • Books of original entry: format and recording – Journal.
  • Cash Book: Simple Cash Book, Cash Book with Discount Column and Cash Book with Bank and Discount Columns, Petty Cash Book.
  • Other books: purchases book, sales book, purchases returns book, sales returns book and journal proper.

Preparation of Bank Reconciliation Statement, Ledger and Trial Balance.

  • Bank reconciliation statement- calculating bank balance at accounting date: need and preparation. Corrected cash book balance.
  • Ledger – format, posting from journal, cash book and other special purpose books, balancing of accounts.
  • Trial balance: objectives and preparation

(Scope: Trial Balance with balance method only)

Depreciation, Provisions and Reserves

  • Depreciation: concept need and factors affecting depreciation; methods of computation of depreciation: straight line method, written down value method (excluding change in method)
  • Accounting treatment of depreciation: by charging to asset account, by creating provision for depreciation/ accumulated depreciation account, treatment of disposal of asset.
  • Provisions and reserves: concept, objectives and difference between provisions and reserves; types of reserves- revenue reserve, capital reserve, general reserve and specific reserves.

Accounting for Bills of Exchange

  • Bills of exchange and promissory note: definition, features, parties, specimen and distinction.
  • Important terms : term of bill, due date, days of grace, date of maturity, discounting of bill, endorsement of bill, bill sent for collection, dishonour of bill, noting of bill, retirement and renewal of a bill.
  • Accounting treatment of bill transactions.

Rectification of Errors

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

Part B: Financial Accounting – II (40 Marks)

Unit 3: Financial Statements of Sole Proprietorship

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  • Financial Statements: objective and importance.
  • Profit and loss account: gross profit, operating profit and net profit.
  • Balance Sheet: need, grouping, marshalling of assets and liabilities.
  • 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, manager’s commission, abnormal loss, goods taken for personal use and goods distributed as free samples.
  • Preparation of Trading and Profit and Loss Account and Balance Sheet of sole proprietorship.
  • Incomplete records: use and limitations. Ascertainment of profit/loss by statement of affairs method.

Unit 4: Financial Statements of Not-for-Profit Organizations

  • Not-for-profit organizations: concept.
  • Receipts and Payment account: features.
  • Income and Expenditure account: features. Preparation of Income and Expenditure account and Balance Sheet from the given Receipts and Payments account with additional information.

Scope:

  1. Adjustments in a question should not exceed 3 or 4 in number and restricted to subscriptions, consumption of consumables, and sale of assets/ old material.
  2. Entrance/ admission fees and general donations are to be treated as revenue receipts.
  3. Trading Account of incidental activities is not to be prepared

Unit 5: Computers in Accounting

  • Introduction to Computer and Accounting Information System {AIS}: Introduction to computers (Elements, Capabilities, Limitations of Computer system),
  • Introduction to operating software, utility software and application software. Introduction to Accounting Information System (AIS), as a part of MIS
  • Automation of Accounting Process. Meaning
  • 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.

Scope:

  • 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 Tally software will be given to the students for the generation of accounting software. For this, the teachers may refer Chapter 4 of Class XII NCERT textbook on Computerized Accounting System.

CBSE class 11 commerce Accountancy sample papers

The last year question Paper are available for download:

Question Paper 2016(Set 1)

Question Paper 2016(Set 2)

Question Paper 2016(Set 3)

Question Paper 2016(Set 4)

Question Paper 2016(Set 5)

Question Paper 2015

Question Paper 2014

Question Paper 2013

Question Paper 2012

Question Paper 2011

Question Paper 2010

Question Paper 2009

Question Paper 2008

Question Paper 2007

Question Paper 2006

CBSE class 11 commerce Accountancy sample papers

Important Note – Preparing for XI & XII Commerce?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  

Hope you find it useful. To get more updates and information about the concerned doubts you have please write to us. Visit our site CAKART.in for more useful and valuable articles.

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