Topics Covered in the Class 11th Accounts Course
|Accounting – concept, objectives, advantages and limitations, types of accounting information; users of accounting information and their needs.
Qualitative Characteristics of Accounting Information.
Basic Accounting Terms – Business Transaction, Capital, Drawings. Liabilities (Non Current and Current). Assets (Non Current, Current); Fixed assets (Tangible and Intangible), Expenditure (Capital and Revenue), Expense, Income, Profit, Gain, Loss, Purchase, Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade Discount and Cash Discount)
|Theory Base of
|Fundamental accounting assumptions/concepts – Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism, Materiality and Objectivity
Basis of Accounting – cash basis and accrual basis
Accounting Standards – Applicability in Ind AS
Goods and Services Tax (GST – Characteristics and Objective
|Recording of Business Transactions||Voucher and Transactions – Source documents and Vouchers, Preparation of Vouchers,
Accounting Equation Approach – Meaning and Analysis, Rules of Debit and Credit.
Recording of Transactions – Books of Original Entry: Journal
Special Purpose books or Subsidiary books – Cash Book: Simple, cash book with bank column and petty cashbook; Purchases book; Sales book; Purchases return book; Sales return book;
Ledger – Format, Posting from journal and subsidiary books, Balancing of accounts
|Need and preparation of BRS|
|Depreciation – Concept, Features, Causes, Factors, Methods of Depreciation: i. Straight Line Method (SLM) ii. Written Down Value Method (WDV), Difference between SLM and WDV; Accounting treatment of depreciation:
i. Charging to asset account ii. Creating provision for depreciation/accumulated depreciation account
Provisions and Reserves – Difference, Types of Reserves, Difference between capital and revenue reserve
|Accounting for Bills of
|Bill of exchange and Promissory Note – Definition, Features, Parties, Difference between Bill of Exchange and Promissory Note, Terms in Bill of Exchange, Accounting Treatment|
|Trial balance and
Rectification of Errors
|Trial balance – objectives and preparation
Errors – types-errors of omission, commission, principles, and compensating; their effect on Trial Balance, Detection and rectification of errors; preparation of suspense account
|Financial Statements of Sole Proprietorship||Meaning, objectives and importance; Revenue and Capital Receipts; Revenue and Capital Expenditure; Deferred Revenue expenditure.
Trading and Profit and Loss Account: Gross Profit, Operating Profit and Net profit; Preparation
Balance Sheet: need, grouping and marshalling of assets and liabilities; Preparation
Adjustments in preparation of financial statements for: closing stock, outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, Abnormal loss, Goods taken for personal use/staff welfare, interest on capital and managers commission.
Preparation of Trading and Profit and Loss account and
Balance Sheet of a sole proprietorship with adjustments
‘Things to Know’ before placing a Purchase Order:-
|Package Contents||Downloadable Links (for Lectures) + 2 Printed Books
– The fees paid for the Course is Non-Refundable and Non-Transferable.
– Course once subscribed cannot be cancelled.
– Internet Connection will be needed to download the Lecture files from Google Drive
|Total Lecture Duration||140 Hours (for full course coverage)
Each Lecture will roughly have a duration of 75 Minutes
|Validity Period||Till 31 st March of Relevant Session
Extension of the Validity – can be done for 3 months by paying extra charges ₹ 1500.
|Total Viewable Time||2 Full Views per Lecture (Pause, Forward and Rewind features are available)
Note: Students will be given ‘Double Time’ for each lecture. No limit of views for any lecture (subject to availability of time). For Example – A lecture of 1 Hour can be viewed any number of times till the expiry of total limit of 2 Hours i.e. Double Time
|Lectures will Play On||– Windows Desktop, Windows Laptop, Android Phone
Note: Software for Playing Lectures can be activated on Any One Device of your Choice. (Apple Devices are not Supported) Desktop, Projector, TV or any External Display or Mirroring or Screen Cast is Not Allowed. Maximum allowed Screen Size of the Monitor is 24 inches.
Device Change Request will be charged at ₹ 500 Extra
– Software will be provided FREE of Cost to Play the Lectures
Note: Students ID Proof i.e., Aadhar card or Passport or Latest School ID Card will be required for Course Activation on Software. First Time Activation will be FREE.
Software ‘ID Re-Activation’ Request will be charged at ₹ 500 Extra.
|Tech Requirement||(For PC or Laptop)
Processor – Core 2 Duo (2 GHz) Processor or Above
RAM – 2GB or Above
Operating System – Windows 7 (Ultimate, Home Premium, Professional, and Enterprise), 8, 8.1 and 10.
(Not Supported Versions : Windows XP, Windows Vista, Windows 7 Starter, Windows 7 Home Basic, Windows 7 N Edition, Windows 7 KN Edition, Apple IOS)(For Phone)
Only Android Version 9 or Above with at least 2 GB RAM.
– Internet Connection will be required for ‘Installing and Updating the Software’ provided to play the Lectures.
– Please be informed that, you shall not update the Laptop/PC/Mobile OS Version after installing the Software as this will make the Software and Lectures Unplayable.
Software ‘ID Re-Activation’ Request will be charged at ₹ 500 Extra
|Dispatch Time||Within 72 Hours of Placing the Order|
|Delivery Time||5-7 Working Days from date of Placing the Order
(Package will be delivered through SPEED POST or
DELHIVERY as per availability at the given PIN CODE)
|Extra Classes||Extra Classes will be shared on YouTube if any changes are made in the NCERT Syllabus in-between the Session|
|Doubts Solution||“CA Niraj Jain” Sir’s WhatsApp Number will be given to the Student for only Subject related Doubts Solution.
Doubts Solution over Voice or Video Call will be at the discretion of CA Niraj Jain Sir only.
|Software Problem or Problem in Playing Classes||A dedicated Tech-Support Team’s Contact Number will be given to the Student which will be functional from Monday to Saturday (11 AM to 5 PM) except on Public Holidays or Festivals.|
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