Kendriya Vidyalaya Sangathan, Raipur Region

Split – Up Syllabus 2023-24

Class: XI Subject: Accountancy
Uni Gist of the Unit TLO Months Periods
t
01 Introduction to Accounting: describe the meaning, significance,
Accounting-concept, meaning, as a objectives, advantages and limitations of
source of information, objectives, accounting in the modem economic 21 June
advantages and limitations, environment with varied types of business to 13
Basic Accounting Terms- Entity, and non-business economic entities. 30 June periods
Business Transaction, Capital, identify / recognise the individual(s) and
Drawings. Liabilities (Non-Current and entities that use accounting information for
Current). Assets (Non-Current, serving their needs of decision making.
Current); Expenditure (Capital and
Revenue), Expense, Revenue, Income,
Profit, Gain, Loss, Purchase.
01 Basic Accounting Terms, Sales, Explain the various terms used in
Goods, Stock, Debtor, Creditor, accounting and differentiate between
Voucher, Discount (Trade discount different related terms like current and non- 01July 18
and Cash Discount) current, capital and revenue. give examples to periods
types of accounting information; users of terms like business transaction, liabilities, 15July
of accounting information and their assets, expenditure and purchases.
needs. explain that sales/purchases include both
Qualitative Characteristics of cash and credit sales/purchases relating to
Accounting Information. Role of the accounting year. Differentiate among
Accounting in Business. income, profits and gains.
Theory Base of Accounting * state the meaning of fundamental
Fundamental accounting assumptions: accounting assumptions and their relevance
GAAP: Concept inaccounting.
Money Measurement, Going Concern, * describe the meaning of accounting
Accounting Period, Cost Concept, assumptions and the situation in which an
Dual Aspect, Revenue Recognition, assumption is applied during the accounting
Matching, Full Disclosure, process.
Consistency, Conservatism, *Explain the meaning, applicability,
Materiality and Objectivity objectives, advantages and limitations of 16July 17
System of Accounting. Basis of accounting standards. to periods
Accounting: cash basis and accrual *Appreciate that various accounting 30 July
basis standards developed nationally and globally
Accounting Standards: Applicability are in practice for bringing parity in the
in IndAS accounting treatment of different items.
Goods and Services Tax (GST): * acknowledge the fact that recording of
Characteristics and Advantages. accounting transactions follows double entry
system.
*explain the bases of recording accounting
transaction and to appreciate that accrual
basis is a better basis for depicting the
correct financial position of an enterprise.
* Explain the meaning, advantages and
Characteristic of GST.
02 RecordingofBusinessTransactions: * explain the concept of accounting equation
Voucher and Transactions: Source and appreciate that every transaction affects
documents and Vouchers, Preparation either both the sides of the equation or 01Aug
of Vouchers, Accounting Equation apositive effect on one item and a negative To 22
Approach: Meaning and Analysis, effect on another item on the same side of 15Aug periods
Rules of Debit and Credit. accounting equation.
Recording of Transactions: Books of * explain the effect of a transaction
Original Entry-Journal (increase or decrease) on the assets,
Special Purpose books: liabilities, capital,
Cash Book: Simple, cashbook with Revenue and expenses.
bank column and petty cash book * appreciate that on the basis of source
 documents, accounting vouchers are
prepared for recording transaction in the
books of accounts.
*develop the understanding of recording of
transactions in journal and the skill of
calculating GST.
* explain the purpose of maintaining a Cash
Book and develop the skill of preparing the
format of different types of cash books and
the method of recording cash transactions in
Cashbook.
Purchases book * describe the method of recording
Sales book transactions other than cash transactions as
Purchases return book per their nature in different subsidiary books 16 Aug 19
Sales return book *appreciate that for ascertaining the position To periods
Journal proper of individual accounts, transactions are 31Aug
Note: Including trade discount, posted from subsidiary books and journal
freight and cartage expenses for proper into the concerned accounts in the
simple GST calculation. ledger and develop the skill of ledger
Ledger: Format, posting from journal posting.
and subsidiary books, Balancing of
accounts
Bank Reconciliation Statement: * appreciate that at times bank balance as
Need and preparation, Bank indicated by cash book is different from the
Reconciliation Statement bank balance as shown by the pass book
Depreciation, Provisions and /bank statement and to reconcile both the 01 Sept
Reserves balances, bank reconciliation statement is to 19
Depreciation: Meaning, Features, prepared. 15Sept periods
Need, Causes, factors *develop understanding of preparing bank
Other similar terms: Depletion and reconciliation statement.
Amortization * explain the necessity of providing
depreciation and develop the skill of using
different methods for computing
depreciation
Methods of Depreciation: * understand the accounting treatment of
Straight Line Method (SLM) providing depreciation directly to the
Written Down Value Method (WDV) concerned asset account or by creating
Note: Excluding change of method provision for depreciation account. 16 Sept
Difference between SLM and WDV; * appreciate the method of asset disposal To 22
Advantages of SLM and WDV through the concerned asset account or by 30Sept periods
Method of recoding depreciation preparing asset disposal account.
Charging to asset account
Creating provision for
depreciation/accumulated depreciation
account
Treatment of disposal of asset
Provisions, Reserves, Difference
Between Provisions and Reserves.
Types of Reserves: * appreciate the need for creating reserves
Revenue reserve and also making provisions for events which
Capital reserve may belong to the current year but may
General reserve happen in next year. 01 Oct 18
Specific reserve *appreciate the difference between reserve To periods
Secret Reserve and reserve fund. 15Oct
Difference between capital and * state the need and objectives of preparing
revenue reserve trial balance and develop the skill of
Trial balance and Rectification of preparing trial balance.
Errors
Trial balance: objectives, meaning &
preparation
 (Scope – trial balance with balance
method only)
Errors: classification-errors of * appreciate that errors may be committed
omission, commission, principles, and during the process of accounting.
compensating; their effect on Trial * understand the meaning of different types 16Oct
Balance. of errors and their effect on trial balance. To 19
Detection and rectification of errors; * develop the skill of identification and 31 Oct periods
Errors which do not affect trial location of errors and their rectification and
balance Preparation of suspense account.
Errors which affect trial balance
Preparation of suspense account.
03 Financial Statements * state the meaning of financial statements
Meaning, objectives and importance; the
Revenue and Capital Receipts; * purpose of preparing financial statements. 01Nov 18
Revenue and Capital Expenditure; state the meaning of gross profit, operating To periods
Deferred Revenue expenditure. profit and net profit and develop the skill of 15Nov
Opening journal entry. Trading and preparing trading and profit and loss account
Profit and Loss Account: GrossProfit,
Operating profit and Net profit.
FinancialStatements * explain the need for preparing balance
Preparation. Balance Sheet: need, sheet.
grouping and marshalling of assets * understand the technique of grouping and
and liabilities. Preparation. marshalling of assets and liabilities.
Adjustments in preparation of * appreciate that there may be certain items 16 Nov 11
financial statements with respect to – other than those shown in trial balance to periods
closing stock, outstanding expenses, which may need adjustments while 30 Nov
prepaid expenses, accrued income, preparing financial statements.
income received in advance, * develop the understanding and skill to do
depreciation, bad debts, provision for adjustments for items and their presentation
doubtful debts, provision for discount in financial statements like depreciation,
on debtors, Abnormal loss, closing stock, provisions, abnormal loss etc.
FinancialStatements * develop the understanding and skill to do
Preparation. Adjustments in adjustments for items and their presentation
preparation of financial statements in financial statements like depreciation, 18
with respect to – Goods taken for closing stock, provisions, abnormal loss etc. 01 Dec to periods
personal use/staff welfare, interest on * develop the skill of preparation of trading 15 Dec
capital and managers commission. and profit and loss account and balance
Preparation of Trading and Profit and sheet.
Loss account and Balance Sheet of a
sole proprietorship with adjustments.
FinancialStatements * develop the skill for the preparation of 16 Dec to
Preparation of Trading and Profit trading and profit and loss account and 31 Dec 09
andLoss account and Balance Sheet of balance sheet. periods
a soleproprietorshipwithadjustments.
Incomplete Records: Features, * Develop understanding the concept of 01 Jan to 09
reasons and limitations. Incomplete Records, reasons and its 15 Jan periods
Ascertainment of Profit/loss by limitations.
Statement of Affairs method. * Develop skills to ascertain the profit/loss
(excluding conversion method) from incomplete records by Statement of
Affairs method.
Project Work and File Submission 16 Jan to 31 Jan
Revision of Syllabus

Revision of Syllabus & Internal Feb 2024

Assessment
Session Ending Exam 2024 March 2024
 Schedule of exam for assessment in class XI as under (session 2023-24)

Exam Tentative Period Coverage of Syllabus Remark

Periodic Test - 1 3 – 4th week of July
rd
Up to 15th July 2023
Cumulative Test 1st – 2nd week of November Up to October 2023
Periodic Test - 2 3rd – 4th week of January 2024 Nov & Dec 2023
Session Ending Exam 2024 March 2024 100 % Syllabus