Accountancy Class 11 DK Goel PDF 12: The Best Book for Commerce Students
Accountancy Class 11 DK Goel PDF 12: A Comprehensive Guide for Commerce Students
Accountancy is one of the most important subjects for commerce students in class 11. It helps them to understand the basics of financial transactions, recording, reporting, and analysis. Accountancy also prepares them for professional courses like CA, CMA, and ICWA in the future.
Accountancy Class 11 Dk Goel Pdf 12
But accountancy is not an easy subject to master. It requires a lot of practice, revision, and conceptual clarity. That's why you need a good book that can guide you through the syllabus and help you score well in your exams.
One such book is DK Goel Solutions Class 11 Accountancy. This book is designed as per the latest CBSE syllabus and covers all the topics that you need to learn in class 11. It also provides detailed and step-by-step solutions to all the questions given in the textbook.
In this article, we will give you an overview of DK Goel Solutions Class 11 Accountancy, a chapter-wise summary of its contents, a guide on how to download it for free, and some tips and tricks to ace your accountancy exams with this book. So, let's get started!
Chapter-wise Summary of DK Goel Solutions Class 11 Accountancy
DK Goel Solutions Class 11 Accountancy consists of 27 chapters that cover all the aspects of accountancy that you need to know in class 11. Here is a brief summary of each chapter:
Chapter 1: Meaning and Objectives of Accounting
This chapter introduces you to the concept and definition of accounting, its objectives, functions, advantages, limitations, and users. It also explains the difference between bookkeeping, accounting, and accountancy.
Chapter 2: Basic Accounting Terms
This chapter familiarizes you with the basic accounting terms that are used throughout the book. These include business transaction, capital, liability, asset, revenue, expense, profit, loss, voucher, ledger, journal, etc.
Chapter 3: Accounting Principles
This chapter discusses the accounting principles that are followed by accountants to ensure consistency, reliability, and comparability of financial statements. These include accounting concepts, conventions, and standards.
Chapter 4: Process and Bases of Accounting
This chapter explains the process and bases of accounting that are used to record and classify financial transactions. These include cash basis, accrual basis, single entry system, and double entry system.
Chapter 5: Accounting Standards and International Financial Reporting Standards (IFRS)
This chapter introduces you to the accounting standards and international financial reporting standards that are issued by various authorities to regulate and harmonize the accounting practices across the world. It also gives you an overview of the Indian Accounting Standards (Ind AS) and their convergence with IFRS.
Chapter 6: Accounting Equations
This chapter teaches you how to apply the accounting equation to represent the relationship between assets, liabilities, and capital of a business entity. It also shows you how to prepare a balance sheet using the accounting equation.
Chapter 7: Double Entry System
This chapter elaborates on the double entry system of accounting, which is based on the principle that every transaction has two effects: debit and credit. It also explains the rules of debit and credit for different types of accounts.
Chapter 8: Origin of Transactions: Source Documents of Accountancy
This chapter describes the origin of transactions and the source documents that provide evidence and information about them. These include cash memo, invoice, receipt, debit note, credit note, etc.
Chapter 9: Books of Original Entry Journal
This chapter explains how to record transactions in the books of original entry, which are the first books where transactions are entered chronologically. The main book of original entry is the journal, which is divided into various types such as general journal, purchase journal, sales journal, etc.
Chapter 10: Accounting for Goods and Service Tax (GST)
This chapter introduces you to the concept and features of goods and service tax (GST), which is a comprehensive indirect tax levied on the supply of goods and services in India. It also explains how to account for GST in different situations such as intra-state supply, inter-state supply, input tax credit, etc.
Chapter 11: Books of Original Entry Cash Book
This chapter discusses how to maintain a cash book, which is a special type of journal that records all cash receipts and payments. It also explains the different types of cash books such as single column cash book, double column cash book, triple column cash book, petty cash book, etc.
Chapter 12: Books of Original Entry Special Purpose Subsidiary Books
This chapter describes how to prepare special purpose subsidiary books, which are used to record specific types of transactions separately from the general journal. These include purchase book, sales book, purchase returns book, sales returns book, bills receivable book, bills payable book, etc.
Chapter 13: Ledger
This chapter explains how to post entries from the books of original entry to the ledger, which is a book that contains all the accounts of a business entity. It also shows you how to prepare a ledger account using the format and rules of posting.
Chapter 14: Trial Balance and Errors
This chapter teaches you how to prepare a trial balance, which is a statement that shows the balances of all ledger accounts at a given date. It also helps you to identify and rectify errors in accounting records using various methods such as suspense account, correction entries, etc.
Chapter 15: Bank Reconciliation Statement
This chapter illustrates how to prepare a bank reconciliation statement, which is a statement that reconciles the difference between the cash book balance and the bank statement balance. It also explains the reasons for such difference and how to adjust them.
Chapter 16: Depreciation
This chapter introduces you to the concept and causes of depreciation, which is a decrease in the value of fixed assets due to wear and tear, obsolescence, etc. It also discusses various methods of calculating depreciation such as straight line method, diminishing balance method, annuity method, etc.
Chapter 17: Provisions and Reserves
and previous year papers given on the website of DK Goel Solutions to get an idea of the exam pattern and difficulty level.
Manage your time well and avoid stress.
Q5: What are some other books that I can refer to for accountancy class 11?
A5: Some other books that you can refer to for accountancy class 11 are:
NCERT Book for Class 11 Accountancy
TS Grewal Solutions Class 11 Accountancy
Double Entry Book Keeping by T.S. Grewal
Accountancy by D.K. Goel and Rajesh Goel
Principles and Practice of Accounting by R.K. Sharma and Shashi K. Gupta
Conclusion
Accountancy Class 11 DK Goel PDF 12 is a comprehensive guide for commerce students who want to learn and excel in accountancy. It covers all the topics and concepts that are required for the CBSE syllabus and provides detailed and accurate solutions to all the questions given in the textbook. It also helps students to prepare for their exams by providing sample papers and previous year papers on its website.
If you want to download DK Goel Solutions Class 11 Accountancy PDF 12 for free, you can visit the official website of DK Goel Solutions: https://dkgoelsolutions.com/class-11/. You can also access other resources such as NCERT solutions, sample papers, previous year papers, etc. from there.
We hope this article has helped you to understand the features and benefits of DK Goel Solutions Class 11 Accountancy PDF 12 and how to use it effectively for your accountancy studies. If you have any queries or feedback, please feel free to comment below. We would love to hear from you!
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