Tripura Board Class 11 Syllabus for Accountancy

Tripura Board of Higher Secondary Education Class XI Syllabus for Accountancy with course structure are given below.

Unit I : Introduction to Accounting (Period – 7)

  • Accounting – Meaning, objectives, Types of accounting information, advantages and limitations. Users of Accounting information and their needs. Double Entry system. Basis of accounting – Cash basis, accrual basis and hybrid basis.
  • Basic Accounting Terms : Business transaction, Event, Account, Capital, Drawings, Liability Internal & External, Long term & Short term), Asset (Intangible & Tangible, Fixed Current, Liquid, Fictitious) Receipts (Capital & Revenue), Expenditure (Capital, Revenue & Deferred Revenue), Expense, Income, Profits, Losses, Purchases, Sales, Stock, Debtors, Bills Receivables, Creditors, Bills Payables, Goods, Cost, Vouchers, Discount (Trade, Cash, Received & Allowed).

Unit II : Theory Base of Accounting (Period – 7)

  • Fundamental Accounting Assumptions: Going concern, consistency, Accrual.
  • Accounting Principles : Accounting Entity, Money Measurement, Accounting Period, Full Disclosure, Materiality, Prudence, Cost Concept, and Dual Aspect.
  • Accounting Standards : Concept & objective

Unit III : Recording of Transactions & Preparation of trial Balance (Period – 20)

  • Accounting Equation : Meaning, Analysis of transactions using Accounting Equation.
  • Rules of Debit and Credit : For Assets, Liabilities, Capital Revenue and Expenses.
  • Origin of transactions- Source Documents (Invoice, Cash memo, Pay in slip, Cheque), Preparation of Vouchers – Cash (Debit & Credit), Non Cash (Transfer).
  • Books of Original Entry : Meaning, format and Recording there in
  • Cash Book : Simple, Cash book with Bank Column, Petty Cash Book,
  • Other Books : Purchases Book, Sales Book, Purchases Returns Book, Sales Returns Book, Bills Receivable Book, Bills Payable Book and Journal Proper.
  • Ledger – Meaning, Utility, Format, Posting from Journal, Cash Book and other Special Purpose Books, Balancing of Accounts.
  • Trial balance : Meaning, Objectives and Preparation
  • Bank Reconciliation Statement : Meaning, Need and Preparation.

Unit IV: Depreciation, Provisions and Reserves (Period – 10)

  • Depreciation : Meaning, Need and Factors affecting depreciation.
  • Methods of computation of Depreciation : Straight Line Method, Written Down Value Method (Excluding Change in method)
  • Accounting Treatment of Depreciation : By charging to asset account, by creating Provision for depreciation/accumulated depreciation account, Preparation of Asset Disposal Account.
  • Provisions and Reserves : Meaning, Objective and Difference between Provisions and Reserves.
  • Types of Reserves : Revenue Reserve, Capital Reserve, General Reserve, Specific reserves, Secret reserves.

Unit V : Accounting for Bills of Exchange (Period – 10)

  • Bills of Exchange and Promissory Note : Definition, Features, Parties, Specimen and Distinction.
  • Important Terms : Term of Bill, Due date, Days of Grace, Date of Maturity, Bill at Sight, Bill after Date, Discounting of Bill, Endorsement of Bill, Bill Sent For Collection, Dishonour of Bill, Noting of Bill, Insolvency of Acceptor, Retirement and Renewal of a bill.
  • Accounting Treatment of bill transactions.

Unit VI : Rectification of Errors (Period – 7)

  • Errors and their types : Errors not affecting trial balance and Errors affecting trial balance. Rectification of errors before and after the preparation of financial statements.
  • Suspense account : Meaning, preparation and treatment of suspense account balance in final statements.

Unit VII : Financial Statements of Business Organizations (Period – 14)

  • Financial Statements : Meaning, Objective and Importance.
  • Trading and profit and loss account : Gross profit, Operating Profit and Net Profit.
  • Balance Sheet : Need, Grouping, Marshalling of Assets and Liabilities.
  • Adjustments in Preparation of Financial Statements : With respect to closing stock, outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, Bad debts, provision for doubtful debts, provision for discount on debtors, manager’s commission, abnormal loss, goods taken for personal use, goods distributed as free Sample.
  • Preparation of Trading and Profit and Loss Account and Balance Sheet of Sole Proprietorship Concerns.

Unit VIII : Financial Statements of Not for Profit Organisations (Period – 10)

  • Not For Profit Organisations : Concept.
  • Receipts and Payment Account : Meaning and Features.
  • Income and Expenditure Account : Meaning and Features. Preparation of Income and Expenditure Account and Balance Sheet from the given Receipt and payment Account with additional information.
  • Balance Sheet : Meaning and Features
  • Preparation of Income and Expenditure Account and Balance Sheet from the given Receipt and payment Account with additional information.

Unit IX : Accounts from Incomplete Records (Period – 10)

  • Incomplete Records : Meaning, Uses and Limitations.
  • Ascertainment of Profit/Loss by Statement of Affairs Method.
  • Preparation of Trading and Profit and Loss Account and Balance Sheet (with reference to missing figures in total debtors account, total creditors account, Bills Receivable A/C, Bills Payable A/C, Cash Book and Opening Statement of Affairs).

Unit X : Computers in Accounting (Period – 8)

  • Introduction to Computer Accounting System : Components of CAS, Features, Grouping of Accounts, Using Software of CAS, Advantages & Limitations CAS, Accounting Information System.
  • Application of computers in Accounting : Automation of accounting process, designing accounting reports, data exchange with other information systems.
  • Comparison of accounting processes in manual and computerized accounting highlighting advantages and limitations of automation.
  • Sourcing of accounting system : Readymade, customized, tailor-made accounting system. Advantages and Disadvantages of each option.

Unit XI : Project Work ( Any one) (Period – 15)

1. Collection of Source Documents, Preparation of Vouchers, Recording of Transactions with help of vouchers.
2. Preparation of Bank Reconciliation Statement with the help of given Cash book and Pass book.
3. Preparation of financial statement of NGOs.
4. Visit to five different small business establishment and comment on their accounting system.
5. Visit to Panchayat offices and observe their accounting system.

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