NCERT Books Class 11 Accountancy – Accountancy Part 2

NCERT Book Class 11 Accountancy – Accountancy Part 2 

The class 11 accountancy – Accountancy Part II NCERT PDF covers all of the problems from the NCERT class 11 books as well as a wide range of concepts and an introduction to the subject.

In order to prepare for the Class 9 through 12 exams, NCERT Books are essential. It is crucial for students to use NCERT books in accordance with the CBSE recommended syllabus and paper format, whether they are taking ordinary unit tests or final board exams.

The Class 11 Accountancy – Accountancy part II NCERT Books are available for direct download below in both combined (complete book) and standalone chapter-by-chapter PDF formats. These files are completely free to download without the need for a login.

Accountancy, also known as accounting, is a system used to track trading activities, consolidate data into reports, and make the results available to decision-makers. Financial statements are the records that link these conclusions about an organisation’s success in monetary terms. Accounting is understood as a form of “business language.” 

CBSE Class 11 NCERT Books for Accountancy – Accountancy Part 2 Free Download 

For all CBSE Class 11 students, NCERT books are without a doubt the top study materials. These books have been chosen by teachers and experts in their domains who have years of experience. Students of all IQ levels can readily understand these books because they are written in a clear and simple format. They will be able to develop solid foundations and get an in-depth understanding of the subject in this way.

For students in any standard, whether primary or secondary, these textbooks serve as the foundation. These publications aid students in getting ready for a variety of competitive exams, including JEE Main, JEE Advanced, NEET, and others.

In addition to the printed version, NCERT books are also available online as free PDF downloads that anybody can use. There is nothing to worry about if you are a Class 11 student and do not have the hard copy of your Accountancy textbook with you. Online resources include a PDF download for the NCERT Accountancy – Accountancy Part II Book for Class 11. Anyone who needs the NCERT book for Accountancy Class 11 may use the softcopy on their Holiday, including teachers, parents, and students. These NCERT books were designed in line with CBSE curriculum standards. 

These were created by the top professors in the department who have years of expertise in the area. The writing in these books is very plain and simple, making it simple for students to comprehend and read. Images and diagrams added in the books create these more interesting and promising to the students.

NCERT Books for Class 11

NCERT Solutions for Class 11

  • NCERT Solutions for Class 11 Maths
  • NCERT Solutions for Class 11 Physics
  • NCERT Solutions for Class 11 Chemistry
  • NCERT Solutions for Class 11 Biology
  • NCERT Solutions for Class 11 Business Studies
  • NCERT Solutions for Class 11 Accountancy
  • NCERT Solutions for Class 11 English
  • NCERT Solutions for Class 11 English Hornbill
  • NCERT Solutions for Class 11 Hindi Antra
  • NCERT Solutions for Class 11 Hindi Antral

Importance of the NCERT Books

The students begin their final accountancy examination preparation and attempt to get in the zone, but it is a difficult assignment because they struggle so much with taking the first step. Most students were in a bind because they didn’t know how to study or, more frequently, which book to use to get the best grades. NCERT will always be the answer. These are the books that CBSE strongly recommends because they provide in-depth concepts and knowledge that completely cover the syllabus. If you want to get a 95% or above in your final exams, you should check the NCERT accountancy book for Class 11.

From elementary to senior secondary level pupils, NCERT texts are regarded as the foundation of every CBSE student. These books were created by teachers and subject matter specialists with extensive knowledge and dedication in the relevant fields. In addition to the fundamental ideas covered in each chapter of the Class 11 Accountancy- Accountancy Part 2 syllabus, the NCERT book includes questions, illustrations, and detailed explanations.

NCERT books for Class 11 Accountancy-  Accountancy Part 2 PDF are free to download from the Extramarks website and its mobile application, although every student saves a hard copy. Anytime the book is needed, students or anybody else can consult a digital form.

Introduction to Accountancy in CBSE Class 11

Accountancy as a subject deals with calculation, loans, transactions, and things related to computing and commerce. This subject needs a lot of conceptual understanding and regular practice. To make the process smoother, students are advised to download the soft copy of the chapters from the official page of NCERT. This will help them in understanding the concepts at their own pace, and they will eventually be able to muster the subject with regular practice. Students are advised to go through the chapters thoroughly to understand the basic idea of the calculation and then to apply the same while solving questions. This will help them to go about with the questions in a systematic manner and ace the examination by the end of the preparation.

The CBSE board designs the curriculum with the candidates’ abilities in mind. Accountancy  Class 11 has two parts, and students can download both parts absolutely free of cost and access them at their convenience. Some of the important chapters contained in Part 2 of the subject are discussed below.

  1. Financial Statement- I
  • Stakeholders and Their Information Requirements
  • Distinction between Capital and Revenue
  • Financial Statements
  • Trading and Profit and Loss Account
  • Operating Profit (EBIT)
  • Balance Sheet
  • Opening Entry
  1. Financial Statement-II
  • Need for Adjustments 
  • Closing Stock 
  • Outstanding Expenses 
  • Prepaid Expenses 
  • Accrued Income 
  • Income Received in Advance 
  • Depreciation 
  • Bad Debts 
  • Provision for Bad and Doubtful Debts 
  • Provision for Discount on Debtors 
  • Manager’s Commission 
  • Interest on Capital
  1. Accounts from Incomplete Records
  • Meaning of Incomplete Records
  • Reasons of Incompleteness and its Limitations
  • Ascertainment of Profit and Loss
  • Preparing Trading and Profit and Loss Account and the Balance Sheet
  1. Applications of Computers in Accounting
  • Meaning and Elements of Computer System
  • Capabilities of Computer System
  • Limitations of a Computer System
  • Components of Computer
  • Evolution of Computerised Accounting
  • Features of Computerised Accounting System
  • Management Information System and Accounting Information System
  1. Computerised Accounting System
  • Concept of Computerised Accounting System
  • Comparison between Manual and Computerised Accounting
  • Advantages of Computerised Accounting System
  • Limitations of Computerised Accounting System
  • Sourcing of Accounting Software
  • Generic Considerations before Sourcing an Accounting Software

Once the students have NCERT books in their possession, these chapters are simple for them to comprehend. A solid understanding of these chapters will help students ace the test early on and expand their knowledge after they are promoted to class 12.

FAQs (Frequently Asked Questions)

1. How can I grasp accounting well?

If they develop a routine and follow it regularly, students can gain a solid understanding of the subject. Students are strongly encouraged to review the questions at the end of each chapter after finishing it in order to fully comprehend the material. To evaluate one’s own development, one should also download and attempt to solve the sample papers that are available online. This is made simpler with the use of the Extramarks website or app, an online platform that aids in fostering students all-around competency.

2. Why should we solve the Extramarks sample papers?

It is essential that students complete the sample papers provided by Extramarks on their website and mobile application in order to completely comprehend the format of the questions and how they are weighted. This will provide them a full understanding of how to respond to a certain inquiry or which subjects require additional attention. Once finished, they can practise different sources of information and try structuring the responses on their own. As a result, they will be more assured and effective at addressing problems and will have a better understanding of the numerous methods that can be used to do so.

3. How to prepare themselves for Class 12 examination?

Students who are preparing to advance to Class 12 should familiarise themselves with every aspect of the exam. One can easily finish the entire syllabus in no time if they can finish the grade 11 curriculum and get started on the plus II curriculum early. They will have plenty of time for revision as a result. As a crucial component of their preparation, students should obtain the questions from the previous year and continue answering them once each chapter is finished. They will learn more about the subject and have a deeper understanding of it as a result of this.

4. What is the scope of the stream of commerce?

Class 11 students have the option of choosing their own stream. Since the Commerce Stream provides a wide range of opportunities once a student has passed their plus II level, many students who are aware of it choose to pursue it. Students can prepare for a variety of competitive exams, including the highly regarded Chartered Accountant exam, as well as for numerous financial and governmental careers. If students choose to conduct studies on a specific topic within the Commerce stream, they can also enrol in a PhD programme. The choice of a stream is a crucial decision that should be made after consulting with experts.

5. What merits do the NCERT books give?

Candidates who want to learn more can get a lot of assistance from the NCERT, which is a book the CBSE recommends. With a thorough approach and understandable language, they make it simple for pupils to understand the various aspects of the subject and adequately prepare for the test. Additionally, they offer several questions for students to answer at the conclusion of each chapter and a wealth of examples of problems that have already been solved to help students comprehend how to solve a given equation.  If they can solve these, they will undoubtedly pass the test.