DAV GROUP OF SCHOOLS

COURSE OF STUDY 2024-2025

ACCOUNTANCY (CODE N0. 055)
CLASS XI (24-25)

THEORY: 80 MARKS 3 HOURS

PROJECT: 20 MARKS

UNITS PERIODS MARKS

PART A : FINANCIAL ACCOUNTING - I

UNIT -1: THEORETICAL FRAMEWORK 25 12
UNIT-2: ACCOUNTING PROCESS 115 44

PART B: FINANCIAL ACCOUNTING - II

UNIT -3: FINANCIAL STATEMENTS OF SOLE PROPRIETORSHIP 60 24

PART C: PROJECT WORK 20 20

TOTAL 80
 WEEK & Proposed Activity*
MONTH TOPIC SUB TOPIC
DATES Learning Outcomes
• Introduction to Accounting (L.1) • Chart or Cards on • Describe the meaning, significance,
• Concept, meaning, as a source of Accounting objectives, advantages and
information, concepts limitations of accounting in the
• Objectives, advantages and • Quiz modem economic environment
limitations, with varied types of business and
• Types of accounting information, non-business economic entities.

PART-A • Users of accounting information and

their needs. • Identify / recognise the
Unit-1
II • Qualitative characteristics of individual(s) and entities that use
[6-8] Theoretical accounting information for serving
accounting information.
Framework. their needs of decision making.
• Role of accounting in business.
Introduction to
Accounting
Basic Accounting terms (L.2)
June • Entity, Business Transactions,
Capital-Drawings-Liabilities (non- • Explain the various terms used in
current and current)- Assets- (non- accounting and differentiate
III between different related terms like
current, current), Expenditure (Capital
Basic Accounting Terms and Revenue), Expense, Revenue, current and non-current, capital and
[10-15] revenue.
Income, Profit, Gains, Loss, Purchase,
Sales, Stock, Debtor, Creditor, Goods, • Give examples of terms like
(12 periods) business transaction, liabilities,
Voucher, Discount (Trade discount
and Cash discount). assets, expenditure and purchases.
• Explain that sales/purchases
include both cash and credit
sales/purchases relating to the
accounting year
 • Differentiate among income,
profits and gains

• Fundamental Accounting • Presentations • State the meaning of fundamental

Assumptions-GAAP: Concept on Accounting accounting assumptions and their
• Basic accounting concept: Assumptions relevance in accounting.
• Business Entity, • Slip Test • Describe the meaning of accounting
• Money measurement, assumptions and the situation in
• Going Concern, which an assumption is applied
• Accounting Period, during the accounting process.
IV • Explain the meaning, applicability,
June Theory Base of • Cost Concept,
[18-21] objectives, advantages and
Accounting • Dual Aspect,
• Revenue Recognition, limitations of accounting standards.
• Matching. Full disclosure, • Appreciate that various accounting
(7 periods)
standards developed nationally and
• Consistency, Conservatism,
globally are in practice for bringing
Materiality and Objectivity.
parity in the accounting treatment
• Accounting Standards: Applicability in
of different items.
Ind-AS
• Discussion/Debate
on GST and its • Acknowledge the fact that
• Basis of Accounting – Cash and
V impact on the recording of accounting
Theory Base of Accrual Basis
June [24-29] Industrial sector, transactions follows double entry
Accounting • Goods and Services Tax (GST):
consumer and system
Characteristics and Advantages.
(8 periods) economy • 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.

• Voucher and Transactions: Prepare and collect

• Source documents and the various source • Explain the concept of accounting
Vouchers, Preparation of documents equation and appreciate that every
Vouchers, transaction affects either both the
Unit 2
I • Accounting Equations sides of the equation or a positive
Recording of Business
[1-6] Approach: Meaning and effect on one item and a negative
July Transactions
Analysis. effect on another item on the same
Accounting Process
(8 periods) side of accounting equation.
Accounting Equation
• Explain the effect of a transaction
(increase or decrease) on the assets,
liabilities, capital, revenue and
expenses
• Rules of debit and credit. Prepare a chart on
II • Recording of Transactions: rules of debit and • Appreciate that on the basis of
[8-12] • Books of Original Entry: Format and credit source documents, accounting
III Accounting Procedures Recording Journal vouchers are prepared for recording
July [15,16,18- Origin of Transactions: • Note: Not to include GST transactions transaction in the books of
20,22-24] Journal for testing accounts.
• Develop the understanding of
(13 periods) recording of transactions in journal
and the skill of calculating GST.
 IV
July [25-26] Revision for Mid Term Examination
(8 periods)
[29-31]
July I Introduction to Accounting to Journal
MID TERM EXAMINATIONS
& [1-3]
August

Prepare the format of

Ledger and Trial • Appreciate that for ascertaining the
• Ledger format
Ledger Balance. position of individual accounts,
II o Posting from journal
transactions are posted from
[5-9] o Balancing of accounts
subsidiary books and journal
III
August proper into the concerned accounts
[12-14,] • Trial Balance
in the ledger and develop the skill
(12 periods) o Objectives, meaning and
Trial Balance of ledger posting.
preparation
State the need and objectives of
(TB- Balance method only)
preparing trial balance and develop
the skill of preparing trial balance
• Cash Book-Simple-
III • Cash Book with Bank Column • Explain the purpose of
(16,17) maintaining a Cash Book and
• Petty Cash Books Special purpose
IV Special Purpose Books I develop the skill of preparing the
books
August [20-24] - Cash Book format of different types of cash
• Purchases book,
V Special Purpose Books II books and the method of recording
– Other Books • Sales book, cash transactions in Cash book.
[27-31]
(14 periods) • Purchases Return book, •
• Sales Return book • Describe the method of recording
 • Journal Proper transactions other than cash
[including trade discount, freight, cartage transactions as per their nature in
expenses for simple GST calculations] different subsidiary books.
Note: not to include GST calculations for • Apply and prepare special purpose
testing) books
• Record in Journal Proper the items
that does not come under special
purpose books
Bank Reconciliation • Bank reconciliation statements • Reconcile an
I Statement • Meaning – utility – need imaginary cash • Understand that at times bank
[2-6] • Reasons for difference book and pass book balance as indicated by cash book is
between cash book and pass with 10-15 different from the bank balance as
II book transactions. shown by the pass book / bank
September [9-14] • Preparation of Bank statement and to reconcile both the
Reconciliation Statement balances, bank reconciliation
(12 statement is prepared.
periods) • Develop understanding of preparing
bank reconciliation statement.
REVISION FOR .
III QUARTERLY
September
[17-21] EXAMINATIONS

IV Written Exam: Introduction to Accounting to Bank

QUARTERLY EXAMINATIONS Reconciliation Statement
September [23-28 &30]
Written Exam: 80 marks Project: Evaluation based on
& I
Project: 20 marks Source Documents/Preparation of vouchers (10 marks)
October 1,3
& written test on BRS/Subsidiary Books(10 marks)
 II
October [4-13] NAVARATHRI/POOJA
HOLIDAYS BEGINS
• Rectification of Errors Doing a Case
• Types of errors-omission- Study regarding • Appreciate that errors may be
commission-principles- the possible committed during the process of
III compensating errors errors in accounting.
[14-19] • Effect of Errors on Trial balance accounting and its • Understand and state the meaning of
Rectification of
October IV
Errors • Detection and rectification of rectification. different types of errors and their
[21-26] Errors effect on trial balance.
(16 periods) • Errors affecting and not • Develop the skill of identification
affecting Trial Balance and location of errors and their
Preparation of Suspense account rectification and preparation of
suspense account.
• Presentation of
o Depreciation Depreciation • Explain the necessity of
• Meaning, features, causes- methods providing depreciation and
factors affecting develop the skill of using
• Other similar terms: Depletion, different methods for computing
V
amortization depreciation
October [28-30]
o Methods- Straight Line Method • Understand the accounting
& II
Depreciation (SLM) treatment of providing
November [4-9]
o Written Down Value Method depreciation directly to the
(12 periods)
(WDV)– Difference, advantages concerned asset account or by
o Method of recording depreciation:- creating provision for
• Charging to asset account, depreciation account.
• Creating provision for • Apply the method of asset
depreciation/Accumulated disposal through the concerned
 depreciation account asset account or by preparing
• Treatment of disposal of asset asset disposal account.

• Concept • PPT
• Objectives and differences between • Word search • Appreciate the need for creating
provisions and reserves; reserves and also making
III Provisions and
• Types of reserves – revenue reserve, provisions for events which may
November [11-13] Reserves
capital reserve, general reserve, belong to the current year but may
(4 periods)
specific reserve and secret reserve; happen in next year.
• Difference between capital and • Explain the difference between
revenue reserve reserve and reserve fund.
• Financial statements ▪ PPT on opening • State the meaning of financial
o Objectives importance- entries and transfer statements
o Revenue and capital receipts; entries • Explain the purpose of preparing
III
revenue and capital expenditure, financial statements.
[14-16]
PART-B deferred revenue expenditure, • State the meaning of gross profit,
o Opening journal entry operating profit and net profit and
IV
Unit-3 o Trading and Profit and Loss develop the skill of preparing
November [18-22]
Financial statements of account -Gross profit, Operating trading and profit and loss account.
V
Sole Proprietorship profit and Net profit • Explain the need for preparing
o Balance sheet balance sheet.
[25-30]
▪ Need, Grouping & • Understand the technique of
(20 periods)
Marshaling of assets and grouping and marshalling of assets
liabilities and liabilities.
▪ Preparation
I PRACTICAL/PROJECT Project: Written test on Depreciation and Rectification of
December
[2-7 ] REVISION FOR HALF YEARLY Errors& Provisions and Reserves – MCQ (20 marks)
 II EXAM
[9-11]
Portion: Introduction to Accounting & Financial statements of
III & IV
HALF YEARLY EXAMINATION Sole Proprietorship. (80 marks)
December [12–24 &
Written Exam: 80 marks
16-21] Project: 20 marks
V
December WINTER VACATION
[23-31]
• Adjustments- Closing stock, • List of the various • Appreciate that there may be
outstanding expenses, prepaid adjustments certain items other than those
expenses, accrued income, advance • MCQ shown in trial balance which may
income, depreciation, bad debts, need adjustments while preparing
I
provision for doubtful debts, provision financial statements.
[2-4]
* Adjustments in for discount on debtors, manager’s • Develop the understanding and
II
preparation of commission, abnormal loss, goods apply skill to do adjustments for
January [6-11]
Financial taken for personal use/staff welfare, items and their presentation in
III
Statements interest on capital financial statements like
[13,17,18]
• Preparation of Trading and Profit and depreciation, closing stock,
(18 periods)
Loss Account and Balance Sheet of a provisions, abnormal loss etc.
sole proprietorship with Adjustments. • Practice the skill of preparation of
trading and profit and loss account
and balance sheet.
IV Analyze the
January
[20-24] • Features, reasons and limitations organisations that • State the meaning of incomplete
V Accounting for • Ascertainment of Profit/Loss by follow incomplete records and their uses and
&
[27-31] Incomplete Records Statement of Affairs Method records and justify its limitations.
I (excluding conversion method) application. • Develop the understanding and
February
[1] apply the skill of computation of
 (14 periods) profit / loss using the statement of
affairs method.
II Part-C Comprehensive Project
February Project
[3-7] Project work (Refer Note-Project)
II & III Project File: 20 marks
PRACTICALS
[10-15 (Comprehensive project)
February
&
REVISION FOR ANNUAL EXAM
17-21]
IV Full Portions
February Max Marks : 80 marks
[24 -28]
& ANNUAL EXAMINATIONS
I & II
March
[1, 3-8]

Project: Any one of the following:

1. Collection of source documents, preparation of vouchers

2. Preparation of Bank reconciliation statements with cash and passbook (20 to 25 transactions)
3. Comprehensive project: Journal entries, ledgers, trail balance, trading and profit and loss account, expenses, income, profit or loss to be
depicted using pie chart or bar diagram

Note:
1. PROPOSED ACTIVITIES:
The proposed activity can be an individual activity or a group activity and
can be at the discretion w.r.t the class and the Teacher considering the topics connected to the activity.
2. Question paper design will be as per CBSE Class XII pattern.
3.
 Suggested Question Paper Design Accountancy (Code No. 055) Class XI (2024-25)
Marks:80 Duration: 3hrs.

S. No Typology of Questions Marks Percentage

1 Remembering and Understanding:
Exhibit memory of previously learned material by recalling facts, terms, basic concepts,
and answers.
Demonstrate understanding of facts and ideas by organizing, comparing, translating, 44 55%
interpreting, giving descriptions, and stating main ideas
2 Applying: Solve problems to new situations by applying acquired knowledge, facts,
techniques, and rules in a different way 19 23.75%
Analysing, Evaluating and Creating:
3 Examine and break information into parts by identifying motives or causes. Make
inferences and find evidence to support generalizations.
Present and defend opinions by making judgments about information, validity of ideas, or
quality of work based on a set of criteria. 17 21.25%
Compile information together in a different way by combining elements in a new pattern or
proposing alternative solutions.
Total 80 100%