Class 11 Accountancy: The Ultimate Syllabus Guide

Subject Area: Concept and Recording of Accounting

• 1.1 Theoretical Concept of Book-keeping and Accounting
  • 1.1.1 Book-keeping and Accounting: Meaning, objectives, advantages, evolution, scope, functions, limitations, accounting process, branches, and ethical considerations.
  • 1.1.2 Generally Accepted Accounting Principles (GAAP): Meaning, Accounting Concepts (Money Measurement, Business Entity, etc.), Accounting Conventions (Materiality, Consistency, etc.), Nepal Accounting Standards (NAS), and Nepal Financial Reporting Standards (NFRS).
  • 1.1.3 Basic Accounting Terminologies: Capital, Drawings, Liabilities, Assets, Receipts, Expenses, Income, Profit, Loss, Purchase, Sales, Stock, Debtors, Creditors, etc.
  • 1.1.4 Double Entry System: Meaning, characteristics, advantages, and Bases of Accounting (Cash and Accrual).
  • 1.1.5 Accounting Equation: Meaning and analysis of transactions.
• 1.2 Recording of Transactions
  • 1.2.1 Rules of Debit and Credit: On the basis of Accounts and Accounting Equation.
  • 1.2.2 Primary Records through Journal: Objectives, format, source documents, and recording transactions including Bills of Exchange.
  • 1.2.3 Subsidiary Books: Purchase Book, Sales Book, Purchase Return Book, Sales Return Book, Bills Receivable Book, Bills Payable Book.
  • 1.2.4 Ledger Account and Trial Balance: Objectives and specimen of Ledger.
  • 1.2.5 Cash Book: Single, Double, and Triple Column Cash Book; Petty Cash Book.
  • 1.2.6 Trial Balance: Meaning, objectives, specimen, and methods of preparation.

• 2.1 Modern Banking System and Bank Reconciliation Statement
  • 2.1.1 Modern Banking System: Cheques, Bank Statement, modern vouchers (ABBS, Card services, e-banking).
  • 2.1.2 Bank Reconciliation Statement: Meaning, importance, reasons for differences, and preparation.
• 2.2 Journal Proper and Adjusted Trial Balance
  • 2.2.1 Journal Proper: Meaning, importance, and various vouchers.
  • 2.2.2 Accounting Errors: Meaning, types, and rectification.
  • 2.2.3 Adjusted Trial Balance: Meaning, objectives, and preparation.
• 2.3 Accounting for Fixed Assets
  • 2.3.1 Fixed Assets: Introduction and types.
  • 2.3.2 Depreciation: Definition, causes, advantages, factors, methods (Straight Line, Diminishing Balance), and accounting treatment.
• 2.4 Accounting for Reserves and Provisions
  • 2.4.1 Reserve: Meaning, characteristics, objectives, and types.
  • 2.4.2 Provision: Meaning, objectives, importance, and accounting for provisions like bad debts and tax.

• 3.1 Preparation of Financial Statements of Sole Trading and Partnership Firms
  • 3.1.1 Capital and Revenue Concept: Meaning, types, and differences.
  • 3.1.2 Preparation of Financial Statements: Preparation of Trading Account, Profit and Loss Account, Balance Sheet (traditional basis) and Income Statement, Balance Sheet (modern basis under NAS/NFRS) with adjustments.
• 3.2 Accounting for Non-Profit Organizations
  • 3.2.1 Non-Profit Organizations: Meaning and terminologies.
  • Preparation of Receipts and Payments Account, Income and Expenditure Account, and Balance Sheet with adjustments.
• 3.3 Single and Double Entry System
  • 3.3.1 Single Entry System: Meaning, features, advantages, and disadvantages.
  • Preparation of Statement of Affairs and Statement of Profit or Loss with adjustments.

• 4.1 Government Accounting in Nepal
  • 4.1.1 Government Accounting: Introduction, features, objectives, and comparison with commercial accounting.
  • 4.1.2 New Accounting System of Government of Nepal: Evolution, features, objectives, forms used, classification of expenditure heads.
  • 4.1.3 Treasury Single Account (TSA) System: Features and objectives.
  • 4.1.4 Goswara Voucher: Meaning, rules, and types.
  • 4.1.5 Bank Cash Book: Meaning and preparation.
  • 4.1.6 Preparation of Accounts: Monthly Advance Statement, Budget Sheet, Program-wise Account.
  • 4.1.7 Statement of Expenditure: Meaning, objectives, and preparation.