CBSE Class 10 Elements of Book Keeping _ Accountancy Syllabus 2020-21

ELEMENTS OF BOOK-KEEPING AND ACCOUNTANCY (CODE NO. 254) CLASS-X (2020-21) Objective: The main objective of this paper is to enable the students to understand the fundamental principles and develop skills of preparing and maintaining simple books of accounts from given details. One Paper 3 Hours 70 Marks 210 Periods Unit Contents Marks Periods 1 Capital and Revenue 8 25 2 Depreciation 12 35 3 Bank Reconciliation Statement 14 45 4 Bills of Exchange 10 25 5 Final Accounts 14 45 6 Accounting from Incomplete Records 12 35 Total 70 210 Project 30 30 Unit 1: Capital and Revenue 25 Periods 08 Marks Content Learning Outcomes Capital and revenue : Capital and revenue receipts, The learners would be able to : capital and revenue expenditure and deferred ● Recapitulate the meaning of the terms ‘Capital’ revenue expenditure and ‘Revenue’ ● Appreciate the difference between capital and revenue receipts and capital and revenue expenditure ● Acquire the knowledge about deferred revenue Expenditure Unit 2: Depreciation 35 Periods 12 Marks Content Learning Outcomes Depreciation : Need and methods of charging The learners would be able to : depreciation-straight line and Diminishing balance ● Explain the necessity of providing depreciation on method (no change in the method) fixed assets ● Develop the skill of using the different methods i.e. straight line and diminishing balance for computing depreciation ● Prepare fixed assets accounting using straight line and diminishing balance method of charging depreciation Unit 3: Bank Reconciliation Statement 45 Periods 14 Marks Content Learning Outcomes Bank Reconciliation Statement : Meaning The learners would be able to : Preparation of BRS with the given cash book / pass ● Understand the concept of bank reconciliation book balance statement ● Appreciate the need of preparing bank reconciliation statement ● Develop understanding of preparing bank reconciliation Statement

Unit 4: Bills of Exchange 25 Periods 10 Marks Content Learning Outcomes Bill of Exchange : Nature and use of Bills of The learners would be able to : Exchange, Terms used in Bills of Exchange. ● Acquire the knowledge of using bills of exchange Simple transactions related to bills of exchange (No for financing business transactions dishonour, retiring & renewal of the bill) ● Understand the need of Bills of exchange in business ● State the meaning of different terms used in bills of exchange and their implication in accounting ● Develop in the skill of journalising simple bill transactions in the book of creditor and debtor Unit 5: Final Accounts 45 Periods 14 Marks Content Learning Outcomes Final Accounts : Preparation of Trading and Profit & The learners would be able to : loss Account and Balance Sheet of Sole trader. ● State the meaning of financial statements & the Adjustment for closing stock only. [amount of purpose they serve for a sole proprietor. closing stock to be given] ● Develop the skill of preparing Trading Account and calculating gross profit. ● Develop the skill of preparing Profit & Loss Account and calculating the net profit ● Explain the need for preparing ‘Balance Sheet’. ● Understand the techniques of preparing the ‘Balance Sheet’. ● Develop the understanding to the simple adjustment for closing stock Unit 6: Accounting from Incomplete Records 35 Periods 12 Marks Content Learning Outcomes Accounting from Incomplete Records : Meaning; The learners would be able to : preparation of statement of Profit, statement of ● State the meaning of incomplete records affairs. [statement of affairs method only] ● Understand the uses and limitations of incomplete records ● Develop the skill of computation of profit / loss by preparing Statement of Profit ● Develop the skill of preparing ‘Statement of Affairs’ and ascertain the position of the business on a particular date. Project Work Project – I 15 Periods 15 Marks Identify 20 items and classify them as capital and revenue receipts, capital and revenue expenditure and deferred revenue expenditure (OR any other topic related to the course content) Project –II 15 Periods 15 Marks Make a statement of affairs for incomplete records of a small shop. (OR any other topic related to the course content)