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Textbook And Solution from NCERT
OFFICIAL SYLLABUS
Accountancy (Theory)
Part A: Financial Accounting - I
Unit 1: Introduction to Accounting
• Accounting- meaning, objectives, Accounting as source of information, internal and external users of Accounting information and their needs.
• Qualitative characteristics of Accounting information-reliability, relevance, understandability and comparability.
• Basic Accounting Terms - Asset, Liability, Capital, Expense, Income, Expenditure, Revenue, Debtors, Creditors, Goods, Cost, Gain, Stock, Purchase, Sales, Loss, Profit, Voucher, Discount, Transaction, Drawings.
Unit 2: Theory Base of Accounting
• Accounting Principles - meaning and nature
• Accounting Concepts: Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Dual Aspect, Revenue Recognition (Realisation), Matching, Accrual, Full Disclosure, Consistency, Conservatism, Materiality • Accounting Standards- Concept
• Process of accounting-from recording of business transactions to preparation of trial balance.
• Bases of Accounting - Cash Basis, Accrual Basis
Unit 3: Recording of Business Transactions
• Voucher and Transactions: Origin of Transactions-Source Documents and Vouchers, preparation of Accounting vouchers; Accounting Equation Approach - Meaning and Analysis of transactions using Accounting Equation: Rules of Debit and Credit.
• Recording of Transactions: Books of original entry - Journal, Special Purpose Books: i) Cash Book - Simple, Cashbook with Bank column and Petty Cashbook, ii) Purchases Book, Sales Book, Purchase Returns Book, Sales Returns Book; Ledgermeaning, utility, format; posting from Journal and Subsidiary books; Balancing of Accounts.
• Bank Reconciliation Statement: Meaning, Need and Preparation, Corrected Cash Book Balance
Unit 4: Trial Balance and Rectification of Errors
• Trial Balance: meaning, objectives and preparation.
• Errors: Types of Errors: Errors of omission, commission, principles and compensating errors affecting Trial Balance; errors not affecting Trial Balance.
• Detection and Rectificition of Errors (One Sided and Two Sided); use of Suspense Account.
Unit 5: Depreciation, Provisions and Reserves
• Depreciation: Meaning and need for charging depreciation, factors affecting depreciation, methods of depreciation-Straight Line method, Written Down Value method (excluding change in method), Method of recording depreciation-charging to asset account, creating provision for depreciation/accumulated depreciation account; Treatment of disposal of asset.
• Provisions and Reserves: meaning, importance, difference between Provisions and Reserves, types of Reserves: Revenue Reserve, Capital Reserve, General Reserve, Specific Reserve and Secret Reserves.
Unit 6: Accounting for Bills of Exchange Transactions
• Bills of exchange and Promissory Note: definition, features, parties, specimen and distinction.
• Important Terms: Term of Bill, Accommodation Bill, Days of Grace, Date of Maturity, Bill at Sight, Negotiation, Endorsement, Discounting of Bill, Dishonour, Retirement and Renewal of a Bill. •
Accounting treatment of trade bills and accomodation bills.
Part B: Financial Accounting - II
Unit 7: Financial Statements
• Financial statements: meaning and users.
• Capital Expenditure and Deferred Revenue Expenditure
• Trading and Profit and Loss Account: Gross Profit, Operating and net profit.
• Balance Sheet: need, grouping and marshalling of Assets and Liabilities. Vertical and Horizontal Presentation of Financial Statements.
• Adjustments in preparation of financial statements with respect to closing stock, outstanding expenses, prepaid expenses, accrued Income, Income received In advance, depreciation and bad debts, provision for doubtful debts, provision for discount on debtors, manager's commission.
• Preparation of Trading and Profit & Loss Account and Balance Sheet of sole proprietorship.
Unit 8: Accounts from incomplete records Incomplete records :
meaning, uses and limitations. Ascertainment of profit/loss by statement of affairs method, conversion method.
Unit 9: Computers in Accounting
• Introduction to Computer and Accounting Information System (AIS)
• Applications of computers in accounting: - Automation of accounting process, designing accounting reports, MIS reporting, data exchange with other information systems
• Comparison of accounting processes in manual and computerized accounting,highlighting advantages and limitations of automation
• Sourcing of accounting system: readymade and customized and tailor-made accounting system. Advantages and disadvantages of each option.
Unit 10: Accounting and Database System
• Accounting and Database Management System
• Concept of entity and relationship: entities and relationships in an Accounting System: designing and creating simple tables, forms, queries and reports in the context of Accounting System.
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Paper Format
Paper Type - Theory
Paper Marks - Theory (100 Marks)
Time duration - 3 hours
Unit & their Weightage
Units | Marks | |
Part A : Financial Accounting-I | ||
1. | Introduction to Accounting | 07 |
2. | Theory Base of Accounting | 07 |
3. | Recording of Business Transactions | 16 |
4. | Trial Balance and Rectification of Errors | 08 |
5. | Depreciation, Provision and Reserves | 12 |
6. | Accounting for Bills of Exchange Transactions | 10 |
Total | 60 | |
Part B: Financial Accounting-II | ||
1. | Financial statements | 25 |
2. | Accounts from incomplete records | 05 |
3. | Computers in Accounting | 06 |
4. | Accounting and Database System | 04 |
Total | 40 |
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Conditions of eligibility for admission to class XI.
1. Candidates who have been studying in a School recognised by or affiliated to this Board or any other recognised Board of Secondary Education in India.
2. Candidates can not take admission directly in class XI.
3. Candidates had completed a regular course of study for class X and passed class X examination from a school affilicated to this Board.
4. The candidates percentage for attendance should be 75% so that the Board to make him/her eligible for the Examinations.
5. Candidate can be admitted to a school only on the transfer of the parents(s) or shifting of their families from one place to another, after procuring from the student the marksheet and the Transfer Certificate duly countersigned by the Educational Authorities of the Board concerned.
6. There is no age limit for candidates taking the Examination
7. Candidate should have doucments in support of his having passed the qualifying or equivalent qualifying examination.
TIME TABLE 2023
Date & Day | Subject | Time Duration |
Monday 20 March 2023 | Accountancy | 10:00 AM to 01:00 PM (3 Hrs.) |
Date & Day | Subject | Time Duration |
Thursday 16 March 2023 | Hindi, Agriculture Hindi (Only for Agriculture Part II) | 10:00 AM to 01:00 PM (3 Hrs.) |
Saturday 18 March 2023 | Geography, Geology | 10:00 AM to 01:00 PM (3 Hrs.) |
Monday 20 March 2023 | Urdu, Punjabi, Physics, Accountancy Agronomy Paper I (Only for Agriculture Part I) agronomy Paper VI (Only for Agriculture Part II) | 10:00 AM to 01:00 PM (3 Hrs.) |
Tuesday 21 March 2023 | Sociology | 10:00 AM to 01:00 PM (3 Hrs.) |
Thursday 23 March 2023 | Political Science Agricultural Botony Paper II (Only for Agriculture Part I) Agricultural Economics Paper VII (Only for Agriculture Part II) | 10:00 AM to 01:00 PM (3 Hrs.) |
Friday 24 March 2023 | Drawing & Painting | 10:00 AM to 01:00 PM (3 Hrs.) |
Saturday 25 March 2023 | Mathematics | 10:00 AM to 01:00 PM (3 Hrs.) |
Monday 27 March 2023 | Sanskrit, Agricultural Physics and Climatology Paper III (Only for Agricultural Part I) Agricultural Zoology Paper VIII (Only for Agriculture Part II) | 10:00 AM to 01:00 PM (3 Hrs.) |
Tuesday 28 March 2023 | Psychology, Education, Chemistry | 10:00 AM to 01:00 PM (3 Hrs.) |
Wednesday 29 March 2023 | Military Science, Computer Science | 10:00 AM to 01:00 PM (3 Hrs.) |
Friday 31 March 2023 | Economics | 10:00 AM to 01:00 PM (3 Hrs.) |
Saturday 01 April 2023 | Biology, Indian Music (Vocal), Indian Music (Mailodic Instrument), Indian Music (Purssion Instrument), Agricultural Engineering Paper IV (Only for Agriculture Part I) Agricultural Animal Husbandry and Veterinary Science Paper IX (Only for Agriculture Part II) | 10:00 AM to 01:00 PM (3 Hrs.) |
Monday 03 April 2023 | English | 10:00 AM to 01:00 PM (3 Hrs.) |
Wednesday 05 April 2023 | History Agricultural Mathematics and Preliminary Statistics Paper V (Only for Agriculture Part I) Agricultural Chemistry Paper X (Only for Agricultural Part II) | 10:00 AM to 01:00 PM (3 Hrs.) |
Thursday 06 April 2023 | Home Science, Business Study | 10:00 AM to 01:00 PM (3 Hrs.) |
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Paper Analysis
1. This question paper contains Three parts. A, B & C.
2. Part A is compulsory for all candidates.
3. There will be choice on Part B & Part C.
4. All parts of question should be attempted together.
5. In this Part - A 15 questions of 60 marks.
6. In this Part - B & C 6 questions of 40 marks.
And
There was no overall choice. However, an internal choice was given in two questions of 6 mark each, one questions of 8 marks each, two questions of 4 marks each, and two questions of 6 marks each. Students needed to attempt only one of the alternatives in all such questions.
Comment
1. The Difficulty level of the Accountancy paper 2020: Easy to moderate
2. 1 mark question was tricky
3. Paper was too lenghty
4. The pattern of the Accountancy paper was similar to the latest Accountancy Sample Paper 2020
5. All the questions in the paper were asked from the latest syllabus and based on NCERT textbooks.
6. The average range of expected marks was 60+ (out of 80)
1. There are three parts in this question paper. A, B and C.
2. Part A is compulsory for all the candidates.
3. There will be selection in Part B and Part C.
4. All the parts of the question should be attempted together.
5. Part A consists of 15 questions carrying 60 marks.
6. Question numbers 1 to 4 carry 2 marks, question numbers 5 and 6 carry 3 marks, question numbers 7 to 11 carry 4 marks , 6 marks 12 to 14 and 8 marks 15 for question nos . Is.
7 . Part B and C consists of 6 questions carrying 40 marks.
7. There was no overall option. However, an internal choice was given in two questions of 6 marks each, one question of 8 marks each, two questions of 4 marks each and two questions of 6 marks each.
8. The students were required to attempt only one option out of all such questions.
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