PSEB 11th Class Syllabus 2025 Accoutancy

Punjab Board

2024-2025

CLASS-XI
Session: 2024-25
ACCOUNTANCY
Time: 3 Hrs Theory: 80 Marks
Practical: 15 Marks
INA: 05 Marks
Total: 100 Marks

Unit-1 Introduction to Accounting
 Meaning of Accounting
 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
 Basis of Accounting
 Accounting Standards
Unit -3 Recording of Transactions – I
 Business Transactions and Source Document
 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
 Purchases Return (Journal) Book
 Sales (Journal) Book
 Sales Return (Journal) Book
 Journal Proper
 Balancing the Accounts
Unit -5 Bank Reconciliation Statement
 Need for Reconciliation
 Preparation of Bank Reconciliation Statement

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.

Study Materials
Notes

Model Papers Class 6 Notes

Sample Papers Class 7 Notes
Half Yearly Sample Papers Class 8 Notes

Class 9 Notes
Important Resources
Class 10 Notes
Periodic Table
Class 11 Notes
Writing Skills / Formats

Maps of India / World Class 12 Notes

Books and Solutions

NCERT Books
NCERT Book Solutions
HC Verma Chapter Wise Solutions
RD Sharma Solutions
CGBSE Solutions