DK Goel Solutions Class 11 Accountancy provides a good command over Accountancy as all the solutions are based upon the topics you need to prepare. Kick start your preparation with the right books and score more marks.

In the Commerce stream, Accountancy is the most important Subject of Class 11. It is a scoring subject for all students and helps in stepping forward in fields like CA, CMA, and ICWA. DK Goel course books for Class 11 are the most popular in the stream for Accountancy.

Here is the Syllabus for Class 11 Accountancy based on the syllabus provided by CBSE. Class 11 Accountancy contains a total of 27 Chapter list below:

DK Goel Solutions Class 11 (Accountancy):

Chapter 1: Meaning and Objectives of Accounting

Chapter 2: Basic Accounting Terms

Chapter 3: Accounting Principles

Chapter 4: Process and Bases of Accounting

Chapter 5: Accounting Standards and International Financial Reporting Standards (IFRS)

Chapter 6: Accounting Equations

Chapter 7: Double Entry System

Chapter 8: Origin of Transactions: Source Documents of Accountancy

Chapter 9: Books of Original Entry – Journal

Chapter 10: Accounting for Goods and Service Tax (GST)

Chapter 11: Books of Original Entry – Cash Book

Chapter 12: Books of Original Entry – Special Purpose Subsidiary Books

Chapter 13: Ledger

Chapter 14: Trial Balance and Errors

Chapter 15: Bank Reconciliation Statement

Chapter 16: Depreciation

Chapter 17: Provisions and Reserves

Chapter 18: Bills of Exchange

Chapter 19: Rectification of Errors

Chapter 20: Capital and Revenue

Chapter 21: Financial Statements

Chapter 22: Financial Statements – With Adjustments

Chapter 23: Accounts from Incomplete Records

Chapter 24: Introduction to Computers

Chapter 25: Introduction to Accounting Information System

Chapter 26: Computerised Accounting System

Chapter 27: Accounting Software package: Tally

Class 11th is the first year in which Commerce students get the exposure towards accountancy. This is the year in which they learn about the basics of debits and credits in school.

The syllabus which is generally followed in India is designed by CBSE and the best book which has been suggested is the NCERT book for class 11 accountancy.

Students also prefer doing other books published by various authors and one of the best books which have been prescribed by teachers across India for Commerce students in class 11 is the DK Goel Solutions Class 11

Also Check: DK Goel Solutions for Class 12 Accountancy and DK Goel Solutions (For all links)

Students have been reading DK Goel solutions book for many years now and have been finding this very useful in getting their concept clear and also understanding the basics of accounting.

In this book they have given Various type of basic accounting topics such as meaning and objectives of accounting, basic accounting terms, commerce Accounting, Principles process and basis of accounting, Accounting equations, double-entry system, and many other chapters which are really useful in building a strong accounting foundation for Commerce students.

After each chapter there are very useful questions which have been given in each chapter in DK Goel which if practice properly can help the students to test their understanding of each concept or topic which has been given in the chapter.

The students can solve the questions and compare their answers with the solutions for DK Goel for class 11th which have been given on our website.

The solutions have been prepared by accountancy teachers of reputed schools and have been prepared to keep into consideration the requirements of children so that each and every step which is there in the solution is properly explained.

Even while reading the solutions the students should be able to understand the concepts and properly understand how the solution has been solved step by step.

The students are suggested to go through the answers which have been provided for each chapter here and practice them on a daily basis. they should try to solve the questions by themselves and then compare the answers with solutions that have been provided here.

In case the students have any questions or doubts they can send us their queries and our teachers will be more than happy to help the students in clearing their doubts and also providing any more study material that might be required.

You can also send us your queries through the contact us form and we will be more than happy to respond to your questions.

Don’t forget to also check out the answers which have been provided for class 12th DK Goel as they are also very useful for students and should be able to help you resolve your queries which you might have in class 12.

How to Get Good Marks in Class 11 Accountancy Paper

Accountancy is one of the challenging subjects that every commerce student comes across just after they step into Class 11. The subject, though, appears easy in the initial stages. Class 12 includes tons of concepts and theories.

Therefore, it is important to develop a base from Class 11. Accountancy is all about the practical application of learning. Therefore, a student can’t mug up the subject to pass the examination.

To score well on the boards, the students must have a firm grip on accounting concepts and logic. Therefore, to solidify its foundation, the students require a lot of practice.  

Accountancy basically refers to the practice of collecting and processing financial information of different business firms. It helps to present a financial report of the firms to help it track the financial transactions. This allows the firms to formulate better economic decisions for growth. 

The students often search for shortcuts to score well in examinations. Frankly, there are no shortcuts for academic excellence. The only game-changer for the students can be smart-work and practice.

Proper guidance from excellent study material like DK Goel Accountancy Solutions can help the students achieve the highest rank in the Class 11 examination. 

Why is it extremely crucial to prepare for Class 11 Accountancy?

One of the obvious reasons to prepare for accountancy in Class 11 is to score well in the examinations. However, on a broader picture, accountancy is important to tailor a successful career for commerce students.

To pave the way to a career in professional fields like CA, CMA, CP, and many more, the students need efficient accountancy knowledge. Here are some of the reasons why students much study the subject well –

• With proper knowledge and skills, the students can get a larger academic exposure to get admission in top-notch educational institutions. 
•  Class 11 Accountancy syllabuses are designed to develop a strong foundation of accounts, which helps the students to comprehend the advanced problems in the future. 
• Polishes the student’s skills and learnings, providing them with a golden opportunity to weave a successful career in accountancy. 
• Increases the students’ knowledge and confidence to grab jobs with lucrative salaries in top financial firms in the future. 

How to get good marks in Class 11 examination?

Accountancy includes a bunch of concepts, theories, and value-based problems. Class 11 accountancy syllabus comprises 15 chapters. To study accountancy efficiently, all the students must follow the following mantras –

Stress on theory: Every student must study the theories thoroughly before jumping into the problems. Theories guide them to efficiently solve the complexities of the subjects.

Therefore, learn all the definitions, meanings, and illustrations of every chapter with relevant examples. Building a stronghold on the theory can significantly help the students in the complex problems ahead. 

Solve tons of problems: After developing a solid foundation of knowledge for every chapter, the students can move to the problems. Start with the fundamental questions in every chapter and then gradually level up the difficulty.

Problem-solving is the key to develop an in-depth understanding of the concepts and learn their practical application. The students can refer to DK Goel Accountancy Solutions in case they get stuck while solving a problem. 

Practice the questions at the end of each chapter:  DK Goel Solutions Class 11 textbooks, one of the most recommended study materials by expert accountants. The books consist of the best questions that have the maximum probability of coming into the examination.

Therefore, every student must practice these questions. This helps the students grasp the questioning pattern and marking scheme. 

Stress on the computer-oriented chapters: The computer-based chapters are the most scoring topics in the whole accountancy syllabus. 

Therefore, to get a good score in the examination, the students must stress on these chapters. At the same time, keen knowledge of computerized accounting provides a significant boost in their career. 

Work on the previous year’s question papers: The students must practice the questions in the last 10 year’s question papers. The papers are freely available on the Internet or at the end of the DK Goel textbooks.

Analyzing these help the students understand the questioning format, marks allocation, and topics from which questions are frequently asked. 

Appear for mock tests: In this age of the Internet, tons of free and paid mock test series are available online. The mock test helps the students to revise the accountancy syllabus in a stipulated setting of real-time examinations.

This assists them in checking their preparation level and detecting their lacking areas to polish them. Attempting mock tests regularly can boost the student’s confidence and teach them to present versatile answers. 

Preparation Tips for Class 11 Accountancy

Here are some of the preparation tips that can help the students elevate their academic marks – 

• Smart work is the key to achieve excellence. Therefore, the students must act smartly and pick up the essential topics to devote maximum time to them as the most challenging topics require a lot of practice. 
• Start within the theory part of the chapters and then dive into the value-based problems to sharpen the understanding. 
• Follow an efficient and premium study material that covers all the topics in a simple format. 
• Practice all types of questions. Stress on the problems that appeared maximum times in the previous examination. 
• Prepare a practical timetable to ensure the proper utilization of time. 
• Understand the concepts of accountancy. Learn about the formats of Balance sheets, Journals, Ledger, and other crucial topics. 

Best Books to Prepare Well for Accountancy Examination 

Here are some of the top-rated books for Accountancy in Class 11 – 

• APC Accountancy Class XI by DK Goel, Shelly Goel, Rajesh Goel.
• APC New ISC Accountancy Class XI by DK Goel, Rajesh Goel, Shelly Goel.
• MCQs in Accountancy Class XI by DK Goel.

Conclusion 

Accountancy is one of the main subjects in the commerce curriculum. Therefore, the students must develop a keen knowledge about the subject. Every accountant needs the right blend of skills and knowledge to yield incredible results. The students must stress self-study to get good results and tailor a fruitful future. 

Frequently Asked Questions

How many chapters are added to the Class 11 Accountancy syllabus?

It includes a total of 27 chapters in the class 11 accountancy syllabus. Class 11 Accountancy syllabus is efficiently designed by CBSE to present in-depth detail about the various aspects of the subject.

What are the tips for learning Class 11 Accountancy quickly?

Ans – Specific set of steps that have helped the students for years to develop a fair idea of accountancy and score well in the examination. Some of the tips are as follows – 

• Thoroughly understand every minute-to-minute concept and ideologies of the subject.
• Refer to one of the best study materials, such as DK Goel Solutions, if stuck on any concept or theory.
• Be careful about time management. Monitor how much time you devote to a specific topic.
• Frame notes of each topic for future reference.
• Solve previous five to ten year’s questions.

How many chapters do DK Goel Solutions for Class 11 feature?

DK Goel Solutions brings the students a complete 27 Accountancy chapter’s solutions presenting tons of explanations coupled with real-life examples to make the topics easier to learn. All these chapters come in the most well-structured manner and give the students a brief about commerce. By practicing the questions supplied by the solutions, the students can strengthen their grip in Accountancy.

Why should the students have their hands on DK Goel Solutions for Accountancy in Class 11?

DK Goel Solutions for Class 11 comes with tons of academic perks for the students. They are the most valuable study resources for Class 11 Accountancy exams. With precisely elaborated answers covering all the important topics, the solutions guide the students to achieve academic excellence. It portrays the solutions to the problems in the most efficient manner to allow the students to grasp the concepts and theories quickly.

How many sums do the financial statement chapter of Accountancy Class 11 feature?

The DK Goel Solutions Class 11 present 18 important sums from the financial statement chapter that gives the students an insight of various aspects of the subject. The solutions help the students easily understand the numerical and develop a good grip on the formulas of Accountancy.

How many computer-based chapters are there in the DK Goel Solutions Class 11?

DK Goel Solutions comes with four chapters that centralize brief learning about computers, software, and the world of computerized accounting. The computer-based chapters included in the solutions are – Introduction to Computers, Introduction to Accounting Information System, Computerized Accounting System, and Tally.

Which are the most important chapters in Class 11 Accountancy?

According to the mark distribution, some of the crucial chapters of Accountancy Class 11 are – Depreciation, Journal Entry, Accounting for bill of exchange, and Financial Statement of sole proprietorship.

What are the tips for scoring well in the Class 11 Accountancy exam?

Here are some of the effective tips to achieve high marks in exams –
● Follow DK Goel Solutions to learn the essential chapters.
● Prepare an effective study schedule and stress on the lacking areas.
● Practice thoroughly and appear for mock tests regularly.