11th Class Syllabus for Accountancy in MP Board

Introduction to MP Board Class 11 Accountancy Syllabus

• Introduction to the significance of Accountancy in Class 11 for understanding financial transactions, record-keeping, and financial reporting. The recommended textbook for MP Board Class 11 is NCERT Textbooks do check out NCERT Solutions for Class 11 Accountancy prepared by the HT team. 
• Emphasize how a clear understanding of the syllabus aids in better exam preparation and foundational knowledge for future studies in commerce.

Section 1: Overview of the MP Board Class 11 Accountancy Syllabus 2025-2026

• General introduction to the MP Board and its academic structure.
• Overview of the Accountancy syllabus, including key topics and objectives.

Section 2: Detailed Breakdown of the Accountancy Syllabus

1. Introduction to Accounting

• Chapter 1: Accounting as a Language of Business

  • Nature and Scope:
    • Definition and importance of accounting.
    • Basic accounting concepts and principles.
  • Accounting Process:
    • Overview of the accounting cycle from recording to reporting.

• Chapter 2: Basic Accounting Terms

  • Terminology:
    • Key terms such as assets, liabilities, equity, revenue, and expenses.
  • Financial Statements:
    • Introduction to balance sheets, income statements, and cash flow statements.

2. Theory Base of Accounting

• Chapter 3: Accounting Principles

  • Principles and Concepts:
    • Fundamental accounting principles (e.g., accrual, consistency, going concern).
  • Accounting Standards:
    • Introduction to Indian accounting standards and their importance.

• Chapter 4: Accounting Systems

  • Double Entry System:
    • Explanation of the double-entry bookkeeping system.
  • Books of Accounts:
    • Types of books (journal, ledger) and their functions.

3. Recording of Transactions

• Chapter 5: Journal Entries

  • Recording Transactions:
    • How to record financial transactions in the journal.
  • Types of Entries:
    • Simple and compound journal entries.

• Chapter 6: Ledger Posting

  • Posting Transactions:
    • Transferring entries from the journal to the ledger.
  • Balancing the Ledger:
    • Calculation of balances and preparation of trial balances.

• Chapter 7: Cash Book

  • Types of Cash Books:
    • Simple, double column, and triple column cash books.
  • Recording Cash Transactions:
    • How to record receipts and payments.

4. Financial Statements

• Chapter 8: Preparation of Financial Statements

  • Trading and Profit & Loss Account:
    • Preparation and format of trading and profit & loss accounts.
  • Balance Sheet:
    • Format and preparation of the balance sheet.

• Chapter 9: Adjustment Entries

  • Types of Adjustments:
    • Prepaid expenses, outstanding expenses, accrued income, and depreciation.
  • Effect on Financial Statements:
    • How adjustments impact financial statements.

5. Accounting for Partnership Firms

• Chapter 10: Partnership Accounts

  • Types of Partnerships:
    • Characteristics and types (general, limited).
  • Profit Sharing Ratio:
    • Calculation and distribution of profits and losses.
  • Revaluation of Assets:
    • Procedures for asset revaluation and its impact on partnership accounts.

• Chapter 11: Admission, Retirement, and Death of a Partner

  • Changes in Partnership:
    • Accounting treatment for admission, retirement, and death of partners.
  • Adjustment of Capital:
    • Methods for adjusting partners' capital accounts.

6. Accounting for Companies

• Chapter 12: Company Accounts
  • Share Capital:
    • Types of share capital and its accounting.
  • Issue of Shares:
    • Procedures and accounting treatment of share issuance.
  • Debentures:
    • Types and accounting for debentures.

Section 3: Key Updates in the 2025-2026 Syllabus

• Highlight any updates or changes in the syllabus for the academic year.
• Discuss the implications of these changes on study methods and exam preparation.