Online Tuitions For CBSE Class 11 Commerce : Economics, Accounts, Business Studies In Hyderabad
Class 11 Commerce Syllabus for 2020-21
Commerce Syllabus For Class 11
Students can now get the class 11 commerce syllabus for the academic year 2020-2021 enhanced by following the gCBSE Class 11 Accountancy Syllabus 2020-21
CBSE Class 11 Accountancy Syllabus furnishes a broad degree of concepts and introduction to the subject. Students can find the latest CBSE Syllabus for Class 11 Accountancy in pdf format below.
CBSE Class 11 Accountancy Syllabus 2020-21: Download PDF
Have a look at the marks weightage of the CBSE Class 11 Accountancy subject.
Marks Weightage of CBSE Class 11 Accountancy Syllabus
Units Periods Marks
Part A: Financial Accounting-1
Unit-1: Theoretical Framework 25 12
Unit-2: Accounting Process 105 40
Part B: Financial Accounting-II
Unit-3: Financial Statements of Sole Proprietorship from Complete and Incomplete Records 55 20
Unit-4: Computers in Accounting 15 08
Part C: Project Work 20 20
CBSE Syllabus for Class 11 Accountancy
Part A: Financial Accounting – I
Unit-1: Theoretical Frame Work
Introduction to Accounting
Accounting- concept, objectives, advantages and limitations, types of accounting information; users of accounting information and their needs. Qualitative Characteristics of Accounting Information. Role of Accounting in Business.
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 Accounting
Fundamental accounting assumptions: GAAP: Concept
Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism, Materiality and Objectivity
System of Accounting. Basis of Accounting: cash basis and accrual basis
Accounting Standards: Applicability in IndAS
Goods and Services Tax (GST): Characteristics and Objective.
Unit-2: Accounting Process
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:
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
Bank Reconciliation Statement:
Need and preparation, Bank Reconciliation Statement with Adjusted Cash Book
Depreciation, Provisions and Reserves
Depreciation: Concept, Features, Causes, factors
Other similar terms: Depletion and Amortisation
Methods of Depreciation:
i. Straight Line Method (SLM)
ii. Written Down Value Method (WDV)
Difference between SLM and WDV; Advantages of SLM and WDV
Accounting treatment of depreciation
i. Charging to asset account
ii. Creating provision for depreciation/accumulated depreciation account
iii. Treatment for disposal of asset
Provisions and Reserves: Difference
Types of Reserves:
i. Revenue reserve
ii. Capital reserve
iii. General reserve
iv. Specific reserve
v. Secret Reserve
Difference between capital and revenue reserve
Accounting for Bills of Exchange
Bill of exchange and Promissory, Note: Definition, Specimen, Features, Parties.
Difference between Bill of Exchange and Promissory Note
Terms in Bill of Exchange:
i. Term of Bill
ii. Accommodation bill (concept)
iii. Days of Grace
iv. Date of maturity
v. Discounting of bill
vi. Endorsement of bill
vii. Bill after due date
viii. Negotiation
ix. Bill sent for collection
x. Dishonour of bill
xi. Retirement of bill
xii. Renewal of bill
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.
Part B: Financial Accounting – II
Unit 3: Financial Statements of Sole Proprietorship
Financial Statements
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 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, 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.
Incomplete Records
Features, reasons and limitations. Ascertainment of Profit/Loss by Statement of Affairs method. Difference between accounts from incomplete records and Statement of Affairs. Preparation of Trading , Profit and Loss account and Balance Sheet.
Unit 4: Computers in Accounting
Introduction to computer and accounting information system {AIS}: Introduction to computers (elements, capabilities, limitations of computer system)
Introduction to operating software, utility software and application software.
Introduction to accounting information system (AIS) as a part of Management Information System.
Automation of accounting process: meaning
Stages in automation: (a) Accounting process in a computerised environment; comparison between manual accounting process and computerised accounting process, (b) Sourcing of accounting software; kinds of software: readymade software; customised software and tailor-made software; generic considerations before sourcing accounting software (c) creation of account groups and hierarchy (d) generation of reports – trial balance, profit and loss account and balance sheet.
Accountancy is a systematic procedure of recognizing, documenting, calculating, categorising, substantiating, summarizing, elucidating and liaising financial data. It divulges profit or loss for a given period of time and nature and value of a firm’s assets, liabilities and owner’s’ equity.
Accountancy or Accounting is a structure that is meant for measuring trade pursuits, actioning of data into reports and making the findings obtainable to the decision-makers. The documents, which collaborate these findings of the procurement of an establishment in monetary terms, are called financial statements. Accounting is elucidated as a ‘Business Language’.
Accounting assists the establishment to be able to fix the financial position of the business. With all accounting pursuits, the ultimate report furnished assists the management to be aware of the business position so they can be able to know which direction they are heading towards. Accountancy helps in taking significant economic decisions by scrutinizing the past performance. A certificate or diploma in accounting and finance helps the students learn such skills that are helpful in different industries.
To know more, stay tuned to BYJU’S for more information on CBSE class 11 syllabus, previous years question papers, important questions, exam pattern, sample papers and more.
Important Topics in Accountancy:
What is a Balance Sheet?
Partnership Deed
What is Goodwill?
Treatment of Goodwill
What Is Partnership
COMMERCE Related Links
Income Method Sole Proprietorship Characteristics
Cash Book Class 11 Tools of Analysis of Financial Statements
What is Export Trade Average Product and Marginal Product
Accountancy Abbreviationuidelines laid down by the examination board. The syllabus helps the students comprehend the course intentions and assist ineffectual learning and better examination preparation. In the syllabus, chapters and concepts are provided. This furnishes the students a fair idea of the question paper pattern, by providing you with the merit to accurately plan your study time table. Planning for assignments for the academic year is simplified with the syllabus.
Business Studies Class 11 Syllabus 2020-2021
CBSE Class 11 Business Studies Syllabus is available here to help students with their exam preparation. They can download the latest syllabus pdf for 2020-21 academic session from the link below.
CBSE Class 11 Business Studies Syllabus 2020-21: Download PDF
Before going through the CBSE Syllabus of CBSE Class 11 Business Studies, Students must have a look at the marks weightage of the topics included in the syllabus.
Units Periods Marks
Part A Foundations of Business
1 Nature and Purpose of Business 18 16
2 Forms of Business Organisations 24
3 Public, Private and Global Enterprises 18 14
4 Business Services 18
5 Emerging Modes of Business 10 10
6 Social Responsibility of Business and Business Ethics 12
Total 100 40
Part B Finance and Trade
7 Sources of Business Finance 30 20
8 Small Business 16
9 Internal Trade 30 20
10 International Business 14
Total 90 40
Project Work 30 20
CBSE Syllabus for Class 11 Business Studies
Part A: Foundation of Business
Unit 1: Evolution and Fundamentals of Business
1) History of Trade and Commerce in India: Indigenous Banking System, Rise of Intermediaries, Transport, Trading Communities: Merchant Corporations, Major Trade Centres, Major Imports and Exports, Position of Indian Sub-Continent in the World Economy.
2) Business – meaning and characteristics
3) Business, profession and employment Concept
4) Objectives of business
5) Classification of business activities – Industry and Commerce
6) Industry-types: primary, secondary, tertiary Meaning and subgroups
7) Commerce-trade: (types-internal, external; wholesale and retail) and auxiliaries to trade; (banking, insurance, transportation, warehousing, communication, and advertising) – meaning
8) Business risk-Concept
Unit 2: Forms of Business organizations
1) Sole Proprietorship-Concept, merits and limitations.
2) Partnership-Concept, types, merits and limitation of partnership, registration of a partnership firm, partnership deed. Types of partners
3) Hindu Undivided Family Business: Concept
4) Cooperative Societies-Concept, merits, and limitations.
5) Company – Concept, merits and limitations; Types: Private, Public and One Person Company – Concept
6) Formation of company – stages, important documents to be used in formation of a company
7) Choice of form of business organization
Unit 3: Public, Private and Multinational Company
1) Public sector and private sector enterprises – Concept
2) Forms of public sector enterprises: Departmental Undertakings, Statutory Corporations and Government Company.
3) Multinational Company – Feature. Joint ventures, Public private partnership – concept
Unit 4: Business Services
1) Business services – meaning and types. Banking: Types of bank accounts – savings, current, recurring, fixed deposit and multiple option deposit account
2) Banking services with particular reference to Bank Draft, Bank Overdraft, Cash credit. E-Banking meaning, Types of digital payments
3) Insurance – Principles. Types – life, health, fire and marine insurance – concept
4) Postal Service – Mail, Registered Post, Parcel, Speed Post, Courier – meaning
Unit 5: Emerging Modes of Business
1) E – business: concept, scope and benefits
2) Business Process Outsourcing (BPO): Concept, need and scope
Unit 6: Social Responsibility of Business and Business Ethics
1) Concept of social responsibility
2) Case of social responsibility
3) Responsibility towards owners, investors, consumers, employees, government and community.
4) Role of business in environment protection
5) Business Ethics – Concept and Elements
Part B: Finance and Trade
Unit 7: Sources of Business Finance
1) Concept of business finance
2) Owners’ funds- equity shares, preferences share, retained earnings, Global Depository receipt (GDR), American Depository Receipt (ADR) and International Depository Receipt (IDR) – concept
3) Borrowed funds: debentures and bonds, loan from financial institution and commercial banks, public deposits, trade credit, Inter Corporate Deposits (ICD).
Unit 8: Small Business and Enterprises
1) Entrepreneurship Development (ED): Concept, Characteristics and Need. Process of Entrepreneurship Development: Start-up India Scheme, ways to fund start-up. Intellectual Property Rights and Entrepreneurship
2) Small scale enterprise as defined by MSMED Act 2006 (Micro, Small and Medium Enterprise Development Act)
3) Role of small business in India with special reference to rural areas
4) Government schemes and agencies for small scale industries: National Small Industries Corporation (NSIC) and District Industrial Centre (DIC) with special reference to rural, backward areas
Unit 9: Internal Trade
1) Internal trade – meaning and types services rendered by a wholesaler and a retailer
2) Types of retail-trade-Itinerant and small scale fixed shops retailers
3) Large scale retailers-Departmental stores, chain stores – concept
4) GST (Goods and Services Tax): Concept and key-features
Unit 10: International Trade
1) International trade: concept and benefits
2) Export trade – Meaning and procedure
3) Import Trade – Meaning and procedure
4) Documents involved in International Trade; indent, letter of credit, shipping order, shipping bills, mate’s receipt (DA/DP)
5) World Trade Organization (WTO) meaning and objectives
For more solutions and study materials class 11 Business Studies visit BYJU’S or download the app for more information and the best learning experience.
Important Topics in Business Studies:
Types of Entrepreneurship
What is Marketing Mix
Marketing vs Branding
Importance of Consumer Protection
What is Stock Exchange?CBSE Class 11 Economics Syllabus 2020-21
Economics provides an extensive range of concepts and introduction to the subject. Here we have provided the detailed CBSE Class 11 Economics Syllabus for the academic year 2020-21. Students must go through it before planning their studies. They can also download the CBSE Syllabus for Class 11 Economics PDF from the link below.
Download CBSE Class 11 Economics Syllabus 2020-21 PDF
Before going in depth into the syllabus, students must have a look at the CBSE Class 11 Economics Marks distribution.
Marks Distribution of the CBSE Class 11 Economics Syllabus
Units
Marks
Periods
Part A
Statistics for Economics
Introduction
13
07
Collection, Organisation and Presentation of Data
27
Statistical Tools and Interpretation
27
66
40
100
Part B
Introductory Microeconomics
Introduction
4
8
Consumer’s Equilibrium and Demand
13
32
Producer Behaviour and Supply
13
32
Forms of Market and Price Determination under perfect competition with simple applications
10
28
40
100
Part C
Project Work
20
20
CBSE Syllabus for Class 11 Economics
Part A: Statistics for Economics
In this course, the learners are expected to acquire skills in collection, organisation and presentation of quantitative and qualitative information pertaining to various simple economic aspects systematically. It also intends to provide some basic statistical tools to analyse, and interpret any economic information and draw appropriate inferences. In this process, the learners are also expected to understand the behaviour of various economic data.
Unit 1: Introduction
What is Economics?
Meaning, scope, functions and importance of statistics in Economics
Unit 2: Collection, Organisation and Presentation of data
Collection of data – sources of data – primary and secondary; how basic data is collected with concepts of Sampling; methods of collecting data; some important sources of secondary data: Census of India and National Sample Survey Organisation.
Organisation of Data: Meaning and types of variables; Frequency Distribution.
Presentation of Data: Tabular Presentation and Diagrammatic Presentation of Data: (i) Geometric forms (bar diagrams and pie diagrams), (ii) Frequency diagrams (histogram, polygon and Ogive) and (iii) Arithmetic line graphs (time series graph).
Unit 3: Statistical Tools and Interpretation
For all the numerical problems and solutions, the appropriate economic interpretation may be attempted. This means, the students need to solve the problems and provide interpretation for the results derived.
Measures of Central Tendency – Arithmetic mean, median and mode.
Measures of Dispersion – absolute dispersion (range, quartile deviation, mean deviation and standard deviation); relative dispersion (co-efficient of range, co-efficient of quartile-deviation, co-efficient of mean deviation, co-efficient of variation).
Correlation – meaning and properties, scatter diagram; Measures of correlation – Karl Pearson’s method (two variables ungrouped data) Spearman’s rank correlation.
Introduction to Index Numbers – meaning, types – wholesale price index, consumer price index and index of industrial production, uses of index numbers; Inflation and index numbers.
Part B: Introductory Microeconomics
Unit 4: Introduction
Meaning of microeconomics and macroeconomics; positive and normative economics.
What is an economy? Central problems of an economy: what, how and for whom to produce; concepts of production possibility frontier and opportunity cost.
Unit 5: Consumer’s Equilibrium and Demand
Consumer’s equilibrium – meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer’s equilibrium using marginal utility analysis.
Indifference curve analysis of consumer’s equilibrium-the consumer’s budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer’s equilibrium.
Demand, market demand, determinants of demand, demand schedule, demand curve and its slope, movement along and shifts in the demand curve; price elasticity of demand – factors affecting price elasticity of demand; measurement of price elasticity of demand – percentage-change method.
Unit 6: Producer Behaviour and Supply
Meaning of Production Function – Short-Run and Long-Run
Total Product, Average Product and Marginal Product.
Returns to a Factor
Cost: Short run costs – total cost, total fixed cost, total variable cost; Average cost; Average fixed cost, average variable cost and marginal cost-meaning and their relationships.
Revenue – total, average and marginal revenue – meaning and their relationship. Producer’s equilibrium-meaning and its conditions in terms of marginal revenue- marginal cost. Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in supply curve, price elasticity of supply; measurement of price elasticity of supply – percentage-change method.
Unit 7: Forms of Market and Price Determination under Perfect Competition with simple applications.
Perfect competition – Features; Determination of market equilibrium and effects of shifts in demand and supply.
