NIOS Class 11Subject library

NIOS Class 11 Accountancy

Chapter-wise notes, previous year papers, sample papers and Q&A for NIOS Class 11 accountancy — free, syllabus-aligned, exam-ready.

7 chapters~196 min read totalFree · printable

Chapters

7 chapters — sequenced for revision and exam prep.

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Introduction to Accounting

The opening chapter of Class 11 Accountancy — what accounting is and why every business needs it. Meaning and objectives, the accounting process, bookkeeping vs accounting vs accountancy, users of accounting information, branches of accounting, qualitative characteristics, and key terms (assets, liabilities, capital, revenue, expenses) — with board-pattern questions and model answers.

CBSE⏱ 26 minRead chapter

Theory Base of Accounting

Class 11 Accountancy — the rules that make accounts reliable and comparable. GAAP and the fundamental accounting concepts (business entity, money measurement, going concern, accounting period, cost, dual aspect, revenue recognition, matching, prudence, materiality, consistency, full disclosure), the bases of accounting (cash vs accrual), accounting standards, IFRS and GST — with board-pattern questions and model answers.

CBSE⏱ 26 minRead chapter

Recording of Transactions – I

Class 11 Accountancy — the first step of the accounting cycle. The accounting equation, the rules of debit and credit (for assets, liabilities, capital, revenue, expenses), source documents and vouchers, and how to record transactions in the Journal with journal entries — with fully solved board-pattern problems.

CBSE⏱ 30 minRead chapter

Recording of Transactions – II

Class 11 Accountancy — from journal to ledger and special books. Posting to the Ledger and balancing accounts, the Cash Book (simple, two-column, three-column) and Petty Cash Book (imprest system), and the special-purpose subsidiary books (purchases, sales, returns, bills books) — with fully solved board-pattern problems.

CBSE⏱ 30 minRead chapter

Bank Reconciliation Statement

Class 11 Accountancy — why the cash book bank balance and the passbook balance differ, and how to reconcile them. Reasons for disagreement (timing differences, charges, direct entries, errors), and preparing a Bank Reconciliation Statement (BRS) starting from either balance — with fully solved board-pattern problems.

CBSE⏱ 26 minRead chapter

Trial Balance and Rectification of Errors

Class 11 Accountancy — checking the books with a Trial Balance and fixing mistakes. Meaning and objectives of the trial balance, methods of preparation, types of errors (errors of omission, commission, principle, compensating), errors that do and don't affect the trial balance, the Suspense Account, and rectification of errors — with fully solved board-pattern problems.

CBSE⏱ 28 minRead chapter

Depreciation, Provisions and Reserves

Class 11 Accountancy — accounting for the fall in value of assets and for future needs. Meaning and causes of depreciation, the straight-line and written-down-value methods, methods of recording depreciation, and the meaning and distinction of provisions and reserves (including secret and general reserves) — with fully solved board-pattern problems.

CBSE⏱ 30 minRead chapter