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Grade 11 Principles of Accounting

The NEB Grade 11 Principles of Accounting curriculum encompasses the exploration of four primary units which include bookkeeping and accounting, concept of miscellaneous accounting, financial statements and government accounting. The “Bookkeeping and Accounting” unit delves into the comprehension of how financial records are upheld within businesses. The focus lies on documentation of diverse financial transactions transpiring within a company. 

Within the “Concept of Miscellaneous Accounting” segment, the modern facilities of the modern banking system are introduced. This section also involves the process of reconciling a company’s records with bank statements, managing the records of fixed assets, devising specialized financial records, and allocating resources for specific objectives. 

The “Financial Statements” unit spotlights the creation of pivotal financial documents that illuminate a company’s financial well-being. Proficiency in preparing these statements for distinct business structures, encompassing sole proprietorships, partnerships, and non-profit organizations, is emphasized. 

The “Government Accounting” unit sheds light on the management of financial transactions within government offices in Nepal. It introduces the intricacies of overseeing governmental financial activities and crafting necessary financial statements. Engagement with these topics fosters the acquisition of skills indispensable for adeptly navigating financial landscapes across diverse contexts, spanning corporate enterprises and governmental arenas.

Chapters in Principles of Accounting

  • Chapter 1 – Accounting and Bookkeeping
  • Chapter 2 – Generally Accepted Accounting Principles (GAAP)
  • Chapter 3 – Double Entry Bookkeeping System
  • Chapter 4 – Accounting Equation
  • Chapter 5 – Journal Entry
  • Chapter 6 – Ledger
  • Chapter 7 – Subsidiary Books
  • Chapter 8 – Cash Book
  • Chapter 9 – Trial Balance
  • Chapter 10 – Modern Banking System
  • Chapter 11 – Bank Reconciliation System
  • Chapter 12 – Journal Proper
  • Chapter 13 – Accounting Errors
  • Chapter 14 – Accounting for Fixed Assets
  • Chapter 15 – Reserve and Provision
  • Chapter 16 – Capital and Revenue Concept
  • Chapter 17 – Preparation of Financial Statement
  • Chapter 18 – Non – Profit Organisation
  • Chapter 19 – Single Entry System
  • Chapter 20 – Government Accounting
  • Chapter 21 – New Accounting System
  • Chapter 22 – Treasury Single Account
  • Chapter 23 – Ledger Account
  • Chapter 24 – Bank Cash Book
  • Chapter 25 – Ledger Accoun
  • Chapter 26 – Expenditure Report

Important topics in NEB Class 11 Principles of Accounting

  • Preparation of journal entries, necessary ledgers and trial balance from the transactions relating to Journal Entries Relating to Capital, Drawing, Purchase, Sales, Expenses, and Incomes
  • Preparation of double and triple column cash book
  • Preparation of adjusted trial balance
  • Preparation of bank reconciliation statement
  • Preparation of fixed assets and depreciation account under straight line and diminishing balance methods
  • Preparation of trading, profit and loss account and balance sheet; preparation of income statement and balance sheet as per NFRS
  • Preparation of Receipt and payment account, Income and expenditure account and balance sheet of non-profit organizations.
  • Meaning, features and forms used in new government accounting system
  • Preparation of journal vouchers.
  • Preparation of Bank cash book, budget sheet and expenditure report

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