CBSE Class 11 Notes

Arinjay Academy has prepared CBSE Class 11 Notes for Commerce Students, covering the concepts covered in detailed notes, several questions along with their solutions for  Accountancy Class 11 and Economics Class 11 for the student of Class 11, who may be studying in CBSE Board. These Notes cover the syllabus applicable for Academic Year 2021-22, for Term I exams to be held in November/ December 2021, and Term II to be held in March 2022.  The content shall be updated from time to time and you can subscribe to our email list for getting regular updates..

CBSE Class 11 Notes

CBSE Class 11 Notes Accountancy

The syllabus of Accountancy Class 11 CBSE Notes comprises of the following chapters. We have prepared various notes along with detailed questions and their solution, relevant for the student of Accounts Class 11 Notes, who may be studying in CBSE Board or as per the NCERT syllabus. Each of these notes have been given under the particular chapter, which you can click and read : –

Chapter 1 – Introduction to Accounting

  1. Meaning of Accounting
  2. Accounting as a Source of Information
  3. Objectives of Accounting
  4. Basic Terms in Accounting

Chapter 2 – Theory Base of Accounting Accountancy Class 11 Notes

  1. Generally Accepted Accounting Principles (GAAP)
  2. Basic Accounting Concepts
  3. Systems of Accounting – Singe Entry System
  4. Basis of Accounting
  5. Accounting Standards

Chapter 3 – Recording of Transactions

  1. Business Transactions and Source Document
  2. Accounting Equation
  3. Using Debit and Credit  
  4. Books of Original Entry – Click for Journal in Accounts
  5. The Ledger
  6. Posting from Journal

Chapter 4 – Recording of Transactions Accountancy Class 11

  1. Cash Book
  2. Purchases (Journal) Book
  3. Purchases Return (Journal) Book
  4. Sales (Journal) Book
  5. Sales Return (Journal) Book
  6. Journal Proper
  7. Balancing the Accounts

Chapter 5 -Bank Reconciliation Statement

  1. Need for Reconciliation
  2. Preparation of Bank Reconciliation Statement
  3. Practice Questions and Solutions  Bank Reconciliation Statement

Chapter 6 -Trial Balance and Rectification of Errors

  1. Meaning of Trial Balance
  2. Objectives of Preparing the Trial Balance
  3. Preparation of Trial Balance – Trial Balance Questions 
  4. Significance of Agreement of Trial Balance
  5. Searching of Errors
  6. Rectification of Errors

Chapter 7 – Depreciation, Provisions and Reserves Accountancy Class 11 Notes

  1. Depreciation and other Similar Terms
  2. Causes of Depreciation
  3. Need for Depreciation
  4. Factors Affecting the Amount of Depreciation
  5. Methods of Calculating Depreciation Amount
  6. Comparative Analysis
  7. Methods of Recording Depreciation
  8. Disposal of Asset
  9. Effect of any Addition or Extension to the Existing Asset
  10. Provisions
  11. Reserves

Chapter 8 – Bill of Exchange 

  1. Bill of Exchange
  2. Promissory Note
  3. Advantages of Bill of Exchange
  4. Maturity of Bill – Calculating Due date of Bill of Exchange
  5. Discounting and Endorsement of Bill
  6. Accounting Treatment
  7. Dishonor of a Bill
  8. Renewal of the Bill
  9. Retiring of the Bill

Practice questions on Bills of Exchange

Financial Statements of Sole Proprietor

CBSE Class 11 Notes Economics

The syllabus of Economics Class 11 comprises of the following chapters. We have prepared CBSE Class 11 Economics Chapter wise Notes, relevant for the student of Economics Class 11, who may be studying in CBSE Board as per the NCERT syllabus. CBSE Class 11 Economics Chapter wise Notes have been given under the particular chapter, which you can click and read : –

Part A: Statistics for Economics Class 11

Part B: Introductory Microeconomics Class 11

Unit 4: Introduction

Unit 5: Consumer’s Equilibrium and Demand

Unit 6: Producer Behaviour and Supply

Unit 7: Forms of Market and Price Determination under Perfect Competition with simple applications.

If you have any suggestions on how we can improve CBSE Class 11 Notes, would like to work as a part of our team, you can please write to us at arinjayjain@arinjayacademy.com

MCQs for Class 11

CBSE Notes for Class 11

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