Commerce

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About Course

Accounting is the foundation of commerce and business studies. This course is designed to help students develop a clear and practical understanding of accounting concepts, principles, and procedures used in real-life business situations. The course covers accounting from basic concepts to intermediate-level applications, ensuring that learners build strong fundamentals and gain confidence in preparing and analyzing financial records. Concepts are explained in a simple, step-by-step manner, making the course suitable for school students, college learners, and beginners in commerce.

Through this course, students will learn how to record transactions, prepare accounts, and understand financial statements with clarity and accuracy. Emphasis is placed on conceptual understanding, numerical practice, and exam-oriented preparation, making it ideal for CBSE and other academic boards.

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What Will You Learn?

  • This Accounting course provides a strong foundation in financial accounting for Class 11 and Class 12 students. The course explains accounting concepts in a simple, practical, and exam-oriented manner, helping learners understand how business transactions are recorded and financial statements are prepared. It is aligned with the CBSE syllabus and designed to build conceptual clarity and numerical problem-solving skills essential for commerce studies.

Course Content

Accounting Course Curriculum
Class 11 – Accounting (Foundations of Accounting) Unit 1: Introduction to Accounting Meaning and Objectives of Accounting Users of Accounting Information Accounting as a Source of Information Book-Keeping vs Accounting Basic Accounting Terms Unit 2: Theory Base of Accounting Accounting Principles Accounting Concepts Accounting Conventions Accounting Standards (Basic Introduction) Unit 3: Recording of Transactions – I Accounting Equation Rules of Debit and Credit Journal Entries Simple and Compound Journal Entries Unit 4: Recording of Transactions – II Ledger and Posting Balancing of Accounts Trial Balance Rectification of Errors Unit 5: Depreciation, Provisions & Reserves Meaning and Causes of Depreciation Methods of Depreciation Accounting Treatment of Depreciation Provisions and Reserves Unit 6: Financial Statements – I Meaning and Objectives of Financial Statements Trading Account Profit and Loss Account Unit 7: Financial Statements – II Balance Sheet Adjustment Entries Preparation of Final Accounts with Adjustments Class 12 – Accounting (Advanced & Practical Accounting) Part A: Accounting for Partnership Firms Unit 1: Accounting for Partnership Partnership Deed Profit Sharing Ratio Guarantee of Profit Unit 2: Reconstitution of Partnership Firm Admission of a Partner Retirement of a Partner Death of a Partner Unit 3: Dissolution of Partnership Firm Dissolution of Firm Realisation Account Settlement of Accounts Part B: Accounting for Companies Unit 4: Accounting for Share Capital Meaning and Types of Shares Issue of Shares Forfeiture and Re-issue of Shares Unit 5: Accounting for Debentures Meaning and Types of Debentures Issue of Debentures Redemption of Debentures Part C: Financial Statement Analysis Unit 6: Financial Statements of a Company Preparation of Financial Statements Statement of Profit and Loss Balance Sheet (as per Schedule III) Unit 7: Analysis of Financial Statements Comparative Statements Common Size Statements Ratio Analysis Cash Flow Statement

  • Introduction to Accounting