COMPLETE COURSE OF CBSE CLASS 11TH ACCOUNTS

WHAT DO YOU UNDERSTAND BY BANK RECONCILIATION STATEMENT?

• Bank reconciliation statement − 
• Calculating bank balance at accounting date 
• Need and preparation 
• Corrected cash book balance

  WHAT DO YOU UNDERSTAND BY JOURNAL?

   
• Meaning of Journal 
• Format of Journal 
• Simple and Compound Journal entries 
• Recording in Journal  

  WHAT DO YOU UNDERSTAND BY DEPRECTION?

    
• Depreciation − §  concept 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 §  Treatment of disposal of asset  

  WHAT DO YOU UNDERSTAND BY INTRODUCTION TO ACCOUNTS?

   
• Accounting §  Objectives §  Advantages and limitations §  Types of accounting information §  Users of accounting information and their needs 
• Basic accounting terms §  Business transaction §  Account §  Capital §  Drawings §  Liability (Non - current and current) §  Asset (Non - current; tangible and intangible assets and current assets) §  Receipts (capital and revenue) §  Expenditure (capital, revenue and deferred) §  Expense §  Income §  Profits §  Gains and Losses §  Purchases §  Purchases Returns §  Sales §  Sales Returns §  Stock §  Trade Receivables (debtors and bills receivable) §  Trade payables (creditors and bills payable) §  Goods §  Cost §  Vouchers §  Discount - trade and cash    

  WHAT DO YOU UNDERSTAND BY BILLS OF EXCHANGE?

   
• Bills of exchange and promissory note − o   Definition o   Features o   Parties o   Specimen o   Distinction 
• Important terms − o   Term of bill o   Due date o   Days of grace o   Date of maturity o   Discounting of bill o   Endorsement of bill o   Bill sent for collection o   Dishonour of bill o   Noting of bill o   Retirement and renewal of a bill 
• Accounting treatment of bill transactions  

  WHAT DO YOU UNDERSTAND BY RECTIFICATION OF ERRORS?

   
• Errors − o   Types-errors of omission o   Commission o   Principles o   Compensating; their effect on Trial Balance 
• Detection and rectification of errors − o   Preparation of suspense account          

  WHAT DO YOU UNDERSTAND BY NON-PROFIT ORGANISATION?

    
• Not-for-profit organizations: concept 
• Receipts and Payment account: features 
• Income and Expenditure account §  Features §  Preparation of Income and Expenditure account and Balance Sheet from the given Receipts and Payments account with additional information  

  WHAT DO YOU UNDERSTAND BY BASIS OF ACCOUNTING?

    
• Fundamental accounting assumptions − §  Going concern §  Consistency §  Accrual 
• Accounting principles − §  Accounting entity §  Money measurement §  Accounting period §  Full disclosure §  Materiality §  Prudence §  Cost concept §  Matching concept §  Dual aspect ·         Bases of accounting − §  Cash basis §  Accrual basis 
• Accounting Standards and IFRS (International Financial Reporting Standards) − §  Concept §  Objectives  

  WHAT DO YOU UNDERSTAND BY CASH BOOK?

   
• Cash Book − 
• Simple Cash Book 
• Cash Book with Discount Column 
• Cash Book with Bank and Discount Columns 
• Petty Cash Book  

  WHAT DO YOU UNDERSTAND BY LEDGER ACCOUNTS?

   
• Ledger − 
• Format 
• Posting from journal 
• Cash book and other special purpose books 
• Balancing of accounts  

  WHAT DO YOU UNDERSTAND BY ADJUSTMENTS IN FINAL ACCOUNTS?

    
• 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 samples    

  HOW WE HELP THE STUDENTS???

    These video lectures will make the subject easy for students. The free lecture is available as a demo. We provide mock exams after completion of the full course. These lectures are recording of the live session taken. It will include question and answers of the students undertaken during the class. CBSE Class 11th previous question papers and sample papers are also given to the students for practice. Video Lectures classes are taken by Study Khazana’s best faculties. Video lectures contain examples and formulas related to different topics. We have doubt sessions on YouTube related to students queries asked on WhatsApp. These classes are based on NCERT Syllabus. We offer pen drives and online-offline study mode to the students. We also have Android and IOS Study Khazana mobile app for helping students to study anywhere at any time.