PSEB 11th Class Syllabus 2027 Accountancy

FOR PUNJAB CLASS 11 PREPARATION

PSEB 11th Class
Syllabus 2027
Accountancy
EXAM YEAR TYPE SUBJECT

Punjab Class 11 2027 Syllabus Accountancy

Notes · Sample Papers · Previous Year Papers · Mock Tests

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Session: 2026-27
ACCOUNTANCY
Time: 3 Hrs Theory: 80 Marks
Practical: 15 Marks
INA: 05 Marks
Total: 100 Marks
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Unit-1
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Introduction to Accounting
l Meaning of Accounting ag
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a  Accounting as a Source of Information
 Objectives of Accounting
 Role of Accounting
 Basic Terms in Accounting
Unit -2 Theory Base of Accounting
 Generally Accepted Accounting Principles (GAAP)
 Basic Accounting Concepts
 Systems of Accounting
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 Basis of Accounting
 Accounting Standards
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Unit -3
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Recording of Transactions – I
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 ag and Source Document
Business Transactions
Accounting Equation
 Using Debit and Credit
 Books of Original Entry
 The Ledger
 Posting from Journal
Unit -4 Recording of Transactions - II
 Cash Book
 Purchases (Journal) Book m
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
Sales (Journal) Book
Sales Return (Journal) Book s e m
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a Unit -5 Bank Reconciliation Statement
 Need for Reconciliation
 Preparation of Bank Reconciliation Statement

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Unit -6 Trial Balance and Rectification of Errors
 Meaning of Trial Balance
 Objectives of Preparing the Trial Balance
 Preparation of Trial Balance
 Significance of Agreement of Trial Balance
 Searching of Errors
 Rectification of Errors

Unit -7 Depreciation, Provisions and Reserves
 Depreciation
 Depreciation and other Similar Terms
 Causes of Depreciation
 Need for Depreciation
 Factors Affecting the Amount of Depreciation
 Methods of Calculating Depreciation Amount
 Straight Line Method and Written Down Method: A
Comparative Analysis
 Methods of Recording Depreciation
 Disposal of Asset
 Effect of any Addition or Extension to the Existing Asset
 Provisions
 Reserves
 Secret Reserve
Unit -8 Financial Statements - I
 Stakeholders and their Information Requirements
 Distinction between Capital and Revenue
 Financial Statements
 Trading and Profit and Loss Account
 Operating Profit (EBIT)
 Balance Sheet
 Opening Entry
Unit -9 Financial Statements - II
 Need for Adjustments
 Closing Stock
 Outstanding Expenses
 Prepaid Expenses
 Accrued Income
 Income Received in Advance
 Depreciation
 Bad Debts
 Provision for Bad and Doubtful Debts
 Provision for Discount on Debtors
 Manager’s Commission
 Interest on Capital
 Preparation of Trading and Profit & Loss Account and Balance Sheet of
Sole Proprietor with adjustments.
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For more Question Papers, Sample Papers, Notes & Syllabus visit Page 2 of 3

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Practical work

Time: 1 ½ Hours Max Marks: 15
1. The syllabus of practical work is same as prescribed for the theory paper.
2. Practical Note book will consist of at least one comprehensive project and
some short answer questions based on the prescribed syllabus.
3. Division of Marks:
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1 c. o Book
Project Note 3 marks
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will be set. The students are
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Viva Voce
to attempt any three
3 marks

Division of Marks for internal assessment (INA): Max Marks: 05

As per instructions issued by Punjab School Education Board.
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