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NCERT

Accountancy XI Part-I

NCERT via Swayam

Overview

An important part of any business organisation is the money that comes in and the money that goes out. Every bit of monetary inflow and outflow needs to be tracked and accounted for.This course is intended to develop understanding:Systematically recording the accounting transactions, accountants determine the profitability of a business, perform financial forecasts and assess the overall performance of a business enterprise.How can the credibility and usefulness of accounting and financial information be ensured? Or Why accounting and finance are the key elements for a business entity?To understand how accounting operates through Generally Accepted Accounting Principles, accounting standards and structured rules and procedures,This course will help the aspiring accountants, like you, to strengthen the conceptual base in accounting through variety of e-resources like video lectures, enrichment materials for supplementing textbooks, self assessment inventory and checklist, external weblinks and many more activities for smooth progression and joyful learning.

Syllabus

Chapter No.

Module No.

Module Name

Chapter 1

Module 1

Introduction to Accounting

Module 2

Qualitative characteristics of accounting information

Module 3

Process of accounting

Module 4

Debtors, Creditors, Goods, Cost, Gain, Stock

Assignment 1

Chapter 2

Module 5

Theory Base of Accounting

Module 6

System of Accounting

Assignment 2

Chapter 3

Module 7

Accounting Vouchers

Module 8

Accounting Equation

Module 9

Rules of Debit and Credit

Module 10

Books of Original Entry: Journal

Module 11

Special Purpose Books: Cash Book

Module 12

Special Purpose Books: Purchases book, Sales book, Purchases Return book, Sales Return book, Journal Proper

Module 13

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

Module 14

Bank Reconciliation Statement: Concept Preparation, Ascertaining the correct cash balance

Assignment 3

Chapter 4

Module 15

Trial Balance and Rectification of Errors

Module 16

Rectification of Errors (continued)

Assignment 4

Chapter 5

Module 17

Depreciation, Provisions & Reserves

Module 18

Provisions and Reserve

Assignment 5

Chapter 6

Module 19

Bills of Exchange – I

Module 20

Bills of Exchange – II

Assignment 6

Final Assessment

Taught by

Prof. Shipra Vaidya

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