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CBSE Class 11 Commerce Syllabus 2023-24 (Download PDF)

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VSI provides CBSE class XIth syllabus of  Accounts, Economics, and Business Studies subjects of commerce students. The syllabus has been updated by the CBSE recently. We are providing the latest updates and reduced syllabus here for our readers. 

Generally, the first preference of class 10th students while choosing their stream is commerce mainly because many of the students feel they have an immense opportunity in this stream and wide career options after 12th. The Commerce subjects open the door for many job opportunities as a CA, CS, CFA, Marketing manager, banker, business analyst, and many others. It is the best stream to choose for building business acumen and developing decision-making power.   

If you are looking for the 2023-24 class 11th commerce subjects updated syllabus, then you have landed on the right page; here, you will get a complete list of subjects and the CBSE syllabus for class 11th commerce stream.

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Also Check: CBSE Class 11 Sample Papers 2024

Subjects of Class 11th Commerce 2023-24

Primarily there are only 3 important subjects in class 11th commerce on which you need to focus a lot.

  1. Accountancy
  2. Economics – (a) Indian Economic Development, (b) Statistics
  3. Business studies

And some common secondary subjects on which you also have to focus on include.

English/Maths/Information Practices/Physical Education etc.

Updated CBSE Syllabus for Class 11 Accounts 2023-24

Part A: Financial Accounting 1
Unit-1: Theoretical Framework
Introduction to Accounting  Accounting- concept, objectives, advantages and limitations, types of accounting information; users of accounting information, and their needs.  Qualitative Characteristics of Accounting Information. Role of Accounting in Business.  

ness Transaction, Capital, Drawings. Liabilities (Non-Current and Current). Assets (Non-Current, Current); Fixed assets (Tangible and Intangible), Expenditure (Capital and Revenue), Expense, Income, Profit, Gain, Loss, Purchase, Sales, Goods, Stock, Debtor, Creditor, Voucher, Discount (Trade discount and Cash Discount)

Theory Base of Accounting 
Fundamental accounting assumptions: GAAP: Concept 

Business Entity, Money Measurement, Going Concerned, Accounting Period, Cost Concept, Dual Aspect, Revenue Recognition, Matching, Full Disclosure, Consistency, Conservatism, Materiality and Objectivity.

System of Accounting: Basis of Accounting: cash basis and accrual basis.

Accounting Standards: Applicability in IndAS  Goods and Services Tax (GST): Characteristics and Objective.  

Unit-2: Accounting Process
Recording of Business Transactions 

Voucher and Transactions: Source documents and Vouchers, Preparation of Vouchers, Accounting Equation Approach: Meaning and Analysis, Rules of Debit, and Credit. 

 Recording of Transactions: Books of Original Books of Original Entry- Journal  

  1. Special Purpose books:  
  2. Cash Book: Simple, 
  3. cashbook with bank column and petty cash book  
  4. Purchases book  
  5. Sales book  
  6. Purchases return book 
  7. Sales return book 

Note: Including trade discount, freight, and cartage expenses for simple GST calculation.  

  • Ledger: Format, Posting from journal and subsidiary books, Balancing of accounts.

Depreciation Provisions and Reserves 

  1. Depreciation: Concept, Features, Causes, factors
  2. Other similar terms: Depletion and Amortisation
  3. Methods of Depreciation: i. Straight Line Method (SLM) ii. Written Down Value Method (WDV)ge of method 

Note: Excluding change of method 

  1. Difference between SLM and WDV; 
  2. Advantages of SLM and WDV  
  3. Accounting treatment of depreciation i. Charging to asset account ii. Creating provision for depreciation/accumulated depreciation account iii. Treatment for disposal of the asset  
  4. Provisions and Reserves: Difference  
  5. Types of Reserves: i. Revenue reserve ii. Capital reserve iii. General reserve iv. Specific reserve v. Secret Reserve 
  6.  Difference between capital and revenue reserve

 Accounting for Bills of Exchange  

Bill of exchange and Promissory Note: Definition, Specimen, Features, Parties.  

  1. Difference between Bill of Exchange and Promissory Note  
  2. Terms in Bill of Exchange: i. Term of Bill ii. Accommodation bill (concept) iii. Days of Grace iv. Date of maturity v. Discounting of bill vi. Endorsement of bill vii. Bill after due date viii. Negotiation ix. Bill sent for collection x. Dishonour of bill xi. Retirement of bill xii. Renewal of bill  Accounting Treatment 

Note: excluding accounting treatment for accommodation bill Trial balance and Rectification of Errors  

  • Trial balance: objectives and preparation 

(Scope: Trial balance with balance method only)  

  1. Errors: types-errors of omission, commission, principles, and compensating; their effect on Trial Balance. 
  2. Detection and rectification of errors; preparation of suspense account.  
Part B: Financial Accounting II
Unit 3: Financial Statements of Sole Proprietorship
  1. Financial Statements 
  2. Meaning, objectives, and importance; 
  3. Revenue and Capital Receipts; Revenue and Capital Expenditure; Deferred Revenue expenditure. 
  4. Trading and Profit and Loss Account: Gross Profit, Operating Profit, and Net profit. 
  5. Preparation. Balance Sheet: need, grouping, and marshaling of assets and liabilities. Preparation. 
  6. Adjustments in preparation of financial statements with respect to closing stock, outstanding expenses, prepaid expenses, accrued income, income received in advance, depreciation, bad debts, provision for doubtful debts, provision for discount on debtors, Abnormal loss, Goods taken for personal use/staff welfare, interest on capital and managers commission. 
  7. Preparation of Trading and Profit and Loss account and Balance Sheet of a sole proprietorship with adjustments.
Unit 4: Computers in Accounting 
  • Introduction to computer and accounting information system {AIS}: Introduction to computers (elements, capabilities, limitations of computer system) d profit (loss), assets, and liabilities are to be depicted using a pie chart/bar diagram. 

Check the RBSE Class 11 syllabus for the 2023-24 exams.

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    Important: From 2020-21 onwards, there would be only ONE project (specific) to be prepared.

    CBSE Class 11 Syllabus For Business Studies 2023-24

    Part A: Foundation of Business 
    Unit 1: Evolution and Fundamentals of Business 
    1. History of Trade and Commerce in India: Indigenous Banking System, Rise of Intermediaries, Transport, Trading Communities: Merchant Corporations, Major Trade Centres, Major Imports and Exports, Position of Indian Sub-Continent in the World Economy. 
    2. Business – meaning and characteristics 
    3. Business, profession, and employment concept
    4. Objectives of business 
    5. Classification of business activities – Industry and Commerce  
    6. Industry-types: primary, secondary, tertiary Meaning and subgroups  
    7. Commerce-trade: (types-internal, external; wholesale and retail) and auxiliaries to trade; (banking, insurance, transportation, warehousing, communication, and advertising) – meaning
    8. Business risk-Concept
    Unit 2: Forms of Business organizations
    1. Sole Proprietorship-Concept, merits, and limitations\
    2. Partnership-Concept, types, merits, and limitation of partnership, registration of a partnership firm, partnership deed. Types of partners
    3. Hindu Undivided Family Business: Concept 
    4. Cooperative Societies-Concept, merits, and limitations
    5. Company – Concept, merits, and limitations; Types: Private, Public and One Person Company – Concept 
    6. Formation of the company – stages, important documents to be used information of a company  
    Unit 3: Public, Private and Multinational Company 
    1. Public sector and private sector enterprises – Concept
    2. Forms of public sector enterprises: Departmental Undertakings, Statutory Corporations, and Government Company
    3. Multinational Company – Feature. Joint ventures, Public-private partnership – concept 
    Unit 4: Business Services
    1. Business services – meaning and types. Banking: Types of bank accounts – savings, current, recurring, fixed deposit, and multiple option deposit account  
    2. Banking services with particular reference to Bank Draft, Bank Overdraft, Cash credit. E-Banking meaning, Types of digital payment
    3. Insurance – Principles. Types – life, health, fire, and marine insurance – concept 
    Unit 5: Emerging Modes of Business 
    • E-business: concept, scope, and benefits 
    Unit 6: Social Responsibility of Business and Business Ethics
    1. Concept of social responsibility 
    2. Case of social responsibility 
    3. Responsibility towards owners, investors, consumers, employees, government, and community
    4. Role of business in environmental protection
    Part B: Finance and Trade 
    Unit 7: Sources of Business Finance
    1. Concept of business finance 
    2. Owners’ funds- equity shares, preferences share, retained earnings, Global Depository Receipt (GDR), American Depository Receipt (ADR) and International Depository Receipt (IDR) – concept 
    3. Borrowed funds: debentures and bonds, a loan from a financial institution and commercial banks, public deposits, trade credit,
    Unit 8: Small Business and Enterprises
    1. Entrepreneurship Development (ED): Concept, Characteristics, and Need. Process of Entrepreneurship Development: Start-up India Scheme, ways to fund the start-up. Intellectual Property Rights and Entrepreneurship  
    2. Small scale enterprise as defined by MSMED Act 2006 (Micro, Small and Medium Enterprise Development Act) )
    3. Role of small business in India with special reference to rural areas 
    4. Government schemes and agencies for small scale industries: National Small Industries Corporation (NSIC) and District Industrial Centre (DIC) with special reference to rural, backward areas.
    Unit 9: Internal Trade 
    1. Internal trade – meaning and types services rendered by a wholesaler and a retailer
    2. Large scale retailers-Departmental stores, chain stores – concept  
    Unit 10: International Trade 
    • International trade: concept and benefits 

    Check out the ISC class 11 syllabus for the 2023-24 session.

    CBSE Class 11 Syllabus For Economics

    Part A: Statistics for Economics 
    Unit 1: Introduction 
    1. What is Economics?
    2.  Meaning, scope, functions, and importance of statistics in Economics 
    Unit 2: Collection, Organisation, and Presentation of data 
    1. Collection of data – sources of data – primary and secondary; how basic data is collected with concepts of Sampling; methods of collecting data; some important sources of secondary data: Census of India and National Sample Survey Organisation. 
    2. Organization of Data: Meaning and types of variables; Frequency Distribution. 
    3. Presentation of Data: Tabular Presentation and Diagrammatic Presentation of Data: (i) Geometric forms (bar diagrams and pie diagrams), (ii) Frequency diagrams (histogram, polygon, and ogive), and (iii) Arithmetic line graphs (time series graph). 
    Unit 3: Statistical Tools and Interpretation 
    1. Measures of Central Tendency- Arithmetic mean, median and mode 
    2.  meaning and properties, scatter diagram; Measures of correlation – Karl Pearson’s method (two variables ungrouped data)
    3.  Introduction to Index Numbers – meaning, types – wholesale price index, consumer price index
    4.  uses of index numbers; Inflation and index numbers.
    Part B: Introductory Microeconomics 
    Unit 4: Introduction
    1. Meaning of microeconomics and macroeconomics; positive and normative economics What is an economy? 
    2. Central problems of an economy: what, how and for whom to produce
    3. and opportunity cost
    Unit 5: Consumer’s Equilibrium and Demand 
    1. Consumer’s equilibrium – meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer’s equilibrium using marginal utility analysis. 
    2. Indifference curve analysis of consumer’s equilibrium-the consumer’s budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer’s equilibrium. 
    3. Demand, market demand, determinants of demand, demand schedule, demand curve and its slope, movement along and shifts in the demand curve; price elasticity of demand – factors affecting price elasticity of demand; measurement of price elasticity of demand – percentage-change method.
    Unit 6: Producer Behaviour and Supply 
    1. Meaning of Production Function – Short-Run and Long-Run 
    2. Total Product, Average Product, and Marginal Product. 
    3. Returns to a Factor Cost: 
    4. Short-run costs – total cost, total fixed cost, total variable cost; Average cost;
    5. Average fixed cost, average variable cost, and marginal cost- meaning and their relationships. 
    6. Revenue – total, average and marginal revenue – meaning and their relationship.
    7. Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in the supply curve, price elasticity of supply; measurement of price elasticity of supply – percentage-change method. 
    Unit 7: Forms of Market and Price Determination under Perfect Competition with simple applications
    1. Perfect competition – Features; Determination of market equilibrium and effects of shifts in demand and supply.
    2. Simple Applications of Demand and Supply: Price ceiling, price floor. 

    Check the Class 11 Date sheet for the 2023-24 session.

    CBSE Class 11 Syllabus 2023-24- Important Details

    The 11th standard is one of the most crucial stages in any student’s life. This is the phase where students make assertive decisions to unfold their dreams and ambitions. The syllabus for 2023 provided here is updated and is aligned with the CBSE pattern. With thorough focus and regular practice, students can complete the syllabus on time. CBSE class 11th Exams are expected to start from February 2023. Till then, students should keenly go through the entire syllabus and mark the deducted chapters in their NCERT books. 

    The students can also take the help of other books for more practice on the syllabus, but we would suggest keeping NCERT books as the base is enough at this level. 

    Download the CBSE Class 11 Sample papers for the 2023-24 session.

    Students Also Asked

    Q. What are the minimum passing marks for CBSE class 11th exam?

    Ans. Students must gain at least 33% to pass in all subjects for CBSE class 11th exam 2023-24.

    Q. Does the CBSE class 11th syllabus vary state-wise?

    Ans. No, the CBSE class 11th syllabus remains the same for all states.

    Q. Are you appearing for the CBSE class 11th or 12th board exams?

    Don’t miss the Best preparation guide for the class 11th board exams. Also, you can check the CBSE class 12 exam results.

    Q. When can I join a CA course?

    Ans. CA course eligibility starts after completing class 12th exams from any stream. 

    Q. Can I Join CA  coaching when I am appearing for my 11th std Exams?

    Ans. Yes, you can join our institute for foundation coaching, even when you are preparing for the 11th Std exams. This will help you to complete your 11th std commerce syllabus and will also buy you more time to study for the toughest course in India. 

    About VSI Jaipur

    VSI Jaipur provides the best 11th and 12th commerce classes for Accounts, Maths, BST, and Economics subjects. By taking tuition from VSI, you can build solid concepts and get high grades in your 12th board exams. Further, VSI provides the best CA coaching classes in India and helped thousands of students clear CA exams on the first attempt. Our students scored the ever-highest marks in CA IPCC, Intermediate, and Final exams. Furthermore, our 7 students got AIR 1 in the last 10 years.

    So, begin your CA Journey by joining our 11th commerce classes in offline, online, or recorded modes (your choice).

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