Class 11th Accountancy
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📙CHAPTER-12
Books of original entry - Special purpose subsidiary books
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NOTES - Click here
📚 Class 11 Accountancy Chapter-wise Summary (Easy Language)
📘 Chapter 1: Introduction to Accounting
Accounting is like the language of business. In this chapter, you’ll understand what accounting really means, why it is important, and how it helps people like business owners, investors, and even the government take smart decisions. You’ll also learn the difference between accounting and bookkeeping, and why keeping records is more than just “writing things down.”
📘 Chapter 2: Theory Base of Accounting
This chapter sets the ground rules for accounting. You’ll learn about important concepts like "going concern" (business won’t shut down suddenly) and "matching" (expenses match income). It also talks about accounting principles and how they bring discipline and consistency to financial records.
📘 Chapter 3: Recording of Transactions – I
Here, the fun begins. You’ll get to know how business transactions are actually recorded. This chapter teaches you what journals are, how to make entries using debit and credit, and why documents like bills and receipts are important before recording anything.
📘 Chapter 4: Recording of Transactions – II
Now that you know the basics, it’s time to learn different books used in accounting like the cash book, purchase book, and sales book. These help businesses keep track of everyday transactions easily. You’ll also learn to record more advanced entries like discounts, returns, and more.
📘 Chapter 5: Bank Reconciliation Statement (BRS)
Ever got confused between your online bank balance and what you thought you had? That’s what this chapter covers. It helps you understand why your cash book and bank passbook might not match and how to prepare a BRS to fix those differences.
📘 Chapter 6: Trial Balance and Rectification of Errors
Imagine you finished recording everything, but something still feels off — maybe you made a mistake. This chapter teaches you how to prepare a trial balance to check the accuracy of your accounts and how to find and fix common accounting errors.
📘 Chapter 7: Depreciation, Provisions and Reserves
Things lose value over time — like your phone or laptop. This chapter explains depreciation and why it’s important to show it in accounts. You’ll also learn what provisions and reserves are, and how businesses prepare for future losses or expenses.
📘 Chapter 8: Financial Statements – I
Here you start learning how to summarise the entire year’s business activities. This chapter teaches you to prepare the Trading Account and Profit & Loss Account — which show how much money a business earned or lost.
📘 Chapter 9: Financial Statements – II
This is about preparing the Balance Sheet, which shows the financial position of a business on a particular date. You’ll learn how to group assets and liabilities and how to handle things like outstanding expenses or prepaid rent.
📘 Chapter 10: Accounts from Incomplete Records (Optional)
What if someone doesn't maintain proper books? This chapter shows you how to still prepare accounts using available data. It’s like solving a mystery — putting together whatever clues you have to find out the financial position of a business.
🌟 Why These Notes Matter
These summaries are not just for reading — they’re designed to help you revise faster, score higher, and understand better. Whether you're preparing for your final exams or just want clarity in class, this page is your go-to guide.