NCERT Books Class 11 Accountancy Financial Accounting Part 1

NCERT Book Class 11 Accountancy Financial Accountancy Part 1 

The class 11 accountancy 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. 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 Financial Accounting part I 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 Financial Accountancy Part 1  – Free Download

There is nothing to worry about if you are a Class 11 student and do not have a hard copy of your Accountancy textbook with you. Online resources include a PDF download for the NCERT Accountancy Financial Accountancy Part 1 Book for Class 11. Anyone who needs the NCERT book for Accountancy Class 11 may use the soft copy just by downloading the PDF. 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 kids to comprehend and read.  Images and diagrams added to the books make them more interesting and promising to the students.

NCERT Books for CBSE Class 11 Accountancy Financial Accountancy Part 1 Free Download

If Class 11 students have any doubts about Accountancy, they could study the NCERT Books for Class 11 Accountancy. These books are recommended by the NCERT, which uses the CBSE curriculum and helps students understand concepts effectively. Since the final exam question paper will be prepared using the textbook, NCERT Books for Class 11 Accountancy is a key study resource for students. There are various reasons why studying accounting is a wonderful choice. You can use the skills and competencies you acquire from accounting in a variety of industries. 

Students who are not able to purchase the textbook in hard copy can obtain the soft copies from the Extramarks website and the official NCERT website. Students should go to this website, which allows them to easily choose the topic of their interest and download the pdf by using the drop-down menu that is provided. This is made easier by Accountancy PDF, which can be downloaded from extra marks.

Below is the link to download NCERT Class 11 Accountancy Books, both Part I and Pert II in PDF Form: 

NCERT Book for Class 11 Accountancy – I (English)
NCERT Book for Class 11 Accountancy – II (English)

They will benefit from having the complete book close at hand, which they can access both offline and online. From elementary to senior secondary level students, NCERT textbooks are thought to be the foundation of every CBSE student. These books were developed 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 Financial Accountancy Part 1 syllabus, the NCERT book also includes problems, illustrations, and detailed explanations.

Students should study from the NCERT Books for Class 11 Accountancy in order to qualify for their accountancy test with decent marks. These books are very helpful while preparing for other competitive-level exams because they clearly explain every concept. Students are expected to complete the exercises that are listed at the end of each chapter.

The CBSE board designs the curriculum with the candidates’ abilities in mind. The syllabus put together will be particularly helpful for those who want to prepare for CA after finishing their plus-II levels. The following lists a few of the chapters from the class 11 accountancy textbook that are discussed.

Chapter-wise NCERT Accountancy Book part 1 for Class 11 in English

NCERT Books for Class 11 Accountancy Part 1
Chapter 1: Introduction to Accounting

Meaning of Accounting, Accounting as a Source of Information, Objectives of Accounting, Role of Accounting, Basic Terms in Accounting

Chapter 2: Theory Base of Accounting

Generally Accepted Accounting Principles, Basic Accounting Concepts, Systems of Accounting, Basis of Accounting, Accounting Standards

Chapter 3: Recording of Transactions – I 

Business Transactions and Source Document, Accounting Equation, Using Debit and Credit, Books of Original Entry, The Ledger, Posting from Journal

Chapter 4: Recording of Transactions – II

Cash Book, Purchases (Journal) Book, Purchases Return (Journal) Book, Sales (Journal) Book, Sales Return (Journal) Book ,Journal Proper, Balancing the Accounts

Chapter 5: Bank Reconciliation Statement

Need for Reconciliation, Preparation of Bank Reconciliation Statement

Chapter 6: Trial Balance and Rectification of Errors

Meaning of Trial Balance, Objectives of Preparing the Trial Balance, Preparation of Trial Balance, Significance of Agreement of Trial Balance, Searching of Errors, Rectification of Errors

Chapter 7: Depreciation, Provisions and Reserves 

Depreciation, Depreciation and other Similar Terms, Causes of Depreciation,Need for Depreciation, Factors Affecting the Amount of Depreciation, Methods of Calculating Depreciation Amount, Straight Line Method and Written Down Method: A Comparative Analysis, Methods of Recording Depreciation, Disposal of Asset, Effect of any Addition or Extension to the Existing Asset, Provisions, Reserves, Secret Reserve

Chapter 8: Bill of Exchange

Meaning of Bill of Exchange, Promissory Note, Advantages of Bill of Exchange, Maturity of Bill, Discounting of Bill, Endorsement of Bill, Accounting Treatment,

Dishonour of a Bill, Renewal of the Bill, Retiring of the Bill

Extramarks – Your Go-to Study Companion!

The textbook for Class 11 provides a detailed analysis of both fundamental and sophisticated accounting ideas. All of the data necessary for the curriculum is compiled by Extramarks in a way that is simple to grasp. Our NCERT class 11 accountancy book is available online for free download in PDF format, and students can access it. In addition to covering the important topics, this study guide provides references from additional pertinent sources, which strengthens the notes and aids students in performing better on tests. These study materials are the best in the market because they were all developed by subject-matter specialists.

FAQs (Frequently Asked Questions)

1. What are the Advantages of NCERT Books?

CBSE recommends consulting NCERT books because they cover every subject thoroughly while adhering to the syllabus.

2. How do I understand accounting concepts?

Class 11 students who are completely unfamiliar with the subject’s material are advised to purchase the NCERT book and use it as their reference before studying the syllabus. They will gain a lot of ideas on how to solve equations as well as a solid understanding of the fundamentals by working through the examples given at the end of each chapter. A student’s understanding power will also increase by solving some of the sample papers on Extramark.

3. Where can I obtain samples of papers?

Students can easily get free sample papers for Class 11 Accountancy at the Extramark website, which they can save as a pdf for later use. By completing these papers, they will gain a comprehensive understanding of the subject’s topics. Students will always benefit from relying on the solutions because they have been created by knowledgeable researchers. The themes that must be important while preparing for any other competitive exams will also be generated as a result of this.

4. How do I take part in practice exams?

Exam preparation has become much simpler, more accessible, and more entertaining thanks to Extramarks. One doesn’t need to enrol in any institution to support them in learning the subjects. They can sign up for the weekly mock exams that are offered on this platform. They can use this to assess their preparation and themselves. It makes sense that a student who had virtually no experience in the trade would quickly become a true expert.

5. Is the stream of commerce good?

After their boards, students who do not have a strong interest in science or the arts should enrol in the commerce stream. Their understanding of concepts like bank loans, transactions, and accounting will improve as a result. It can be a lot of fun to solve these exercises. Once the students develop an interest in the subject, they can get prepare for one of the world’s most prestigious exams, Chartered Accountancy. Every stream provides a benefit, and students should select the one they find most appealing.

6. Is the PDF version of the NCERT Books for Class 11 Accountancy completely free?

The NCERT Books for Class 11 Accountancy PDF are, in fact, totally free. Students can download the solutions PDF from Extramark, if they have questions about the concepts. To assist students in performing well on their yearly exams, the solutions are created in a simple and precise manner. The answers to the NCERT textbook’s questions are interactive and follow the CBSE board’s syllabus and mark distribution guidelines. The students can take the solutions in PDF format without any time restrictions by downloading them from the URLs provided at Extramarks.