DK Goel Solutions Class 11 Accountancy

Chapters in DK Goel Class 11 Accountancy Solutions

Here’s a brief note on all the chapters included in the DK Goel Accountancy Solutions.

• Chapter 1: Meaning and Objectives of Accounting

Accounting is the method of collecting, reporting, interpreting, and summarising financial transactions. It reveals the economic status of a business. Accountancy is also termed as ‘financial language’ sometimes. 

In the first chapter of DK Goel Accountancy Class 11, students are briefed on:

• Debtors

• Cash Discount

• Profit

• Loss

• Financial Statement

• Balance Sheet

• Chapter 2: Basic Accounting Terms

Basic terms in accountancy include revenue, profit, fixed assets, current assets, revenue expenditure, etc.

• Chapter 3: Accounting Principles

The principles based on which the accounts of a firm are managed have been detailed in this chapter. It includes:

• Separate Legal Entity

• Basic Accounting Equation

• Characteristics of Accounting Principles

• Chapter 4: Process and Bases of Accounting

This chapter of DK Goel Solutions Class 11 includes the cash basis of accounting and accrual basis of accounting.

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

Accounting standards are the norms which dictate the drafting of a company’s financial statement. This chapter is all about accounting standards.

• Chapter 6: Accounting Equations

The basic needs of accounting equations and numerical problems are discussed in this chapter.

• Chapter 7: Double-entry System

The double-entry method of bookkeeping is the method of accounting where the effect of it will be on two accounts simultaneously.

• Chapter 8: Origin of Transactions 

Source documents are the very first recorded instrument in a transaction. These documents serve as a base for the succeeding accounting processes.

• Chapter 9: Journal

A book of original entry or a journal is where financial transactions of a firm are recorded in chronological order. This is the first document, where financial transactions are recorded. 

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

A firm has to pay GST on the supply of goods and services. It includes the erstwhile customs duty and excise duty. In this chapter of DK Goel Accountancy Class 11 Solutions, you learn how the GST accounting is done.

• Chapter 11: Cashbook

The chapter includes accurate solutions on cash book entry sums. There are 31 sums in total.

• Chapter 12: Special Purpose Subsidiary Books

This chapter contains sums on subsidiary book posting of transactions.

• Chapter 13: Ledger

This chapter has 13 numerical problems on ledger posting.

• Chapter 14: Trial Balance and Errors

Any record showing the balances (including credit and debit) of all recorded accounts is called a trial balance.

• Chapter 15: Bank Reconciliation Statement

In this chapter, the solutions will help you to understand how to make the bank reconciliation statement based on the provided data.

• Chapter 16: Depreciation

Here you will have to calculate depreciation on the basis of asset values.

• Chapter 17: Provisions and Reserves

Provision is the amount retained through depreciation, renewal, and devaluation of assets. Reserve is the amount kept aside from profit and surplus to finance future requirements.

• Chapter 18: Bills of Exchange

This chapter has sums for calculating discounting charges, interest amounts, etc. You can refer to the Solutions in case of any doubt.

• Chapter 19: Rectification of Errors

In this chapter of DK Goel Accountancy Class 11 solutions, you get accurate and error-free solutions to 39 sums.

• Chapter 20: Capital and Revenue

Capital expenditure, revenue expenditure, their differences, etc. have been detailed in this chapter.

• Chapter 21: Financial Statements

Here you will learn the method of calculating the cost of sold goods, adjusted purchases, gross profit, direct expense, net purchase, the value of sales, etc.

• Chapter 22: Financial Statements– With Adjustments

In this chapter of Class 11 Accounts DK Goel Solutions, you will learn how to find different values in a financial statement after adjusting the data.

• Chapter 23: Accounts from Incomplete Records

This chapter is again a combination of numerical problems, followed by the solutions.

• Chapter 24: Introduction to Computers

Chapter 24 will brief you on how a computer works, its components, hardware, software, etc.

• Chapter 25: Introduction to Accounting Information System

This form of accounting has been rising in popularity lately. Chapter 25 in DK Goel Accountancy Class 11 free PDF explains the various purposes of the accounting information system. 

• Chapter 26: Computerised Accounting System

This chapter explains how the computerized accounting system is different from manual accounting.

• Chapter 27: Accounting Software Package - Tally

This chapter explains the features of tally software. Students can now avail of the DK Goel Accountancy Class 11 PDF download 2024-25 option online. Get yourself a copy of the solutions now to boost your exam preparations.

Some of the Special features of DK Goel Solutions Class 11 are:

• The practical questions provided at the end of each chapter are based on the most recent CBSE questionnaires and these are illustrated. Answers and tips for answering the questions are provided at the end of all the questions. We are very confident that after taking the pictures, students can freely solve useful questions.

• A few examples are given in each chapter and these are explained in such a simple way that learners understand them clearly.

• The book covers Multiple Choices, Short answer types, Value-based answers, objective types, and practical questions at the end of each chapter so students can test their understanding of the chapter.

• The weight of each topic is given according to the marks allocated by CBSE.

• Accuracy is one of the key features of Solutions.

• Part A is divided into two volumes for the benefit of the learners.

• Volume Cover 1 Partnership Accounts while Volume 2 contains Company Accounts.

How to Prepare for Accountancy Class 11?

To prepare for Accountancy Class 11, follow these steps:

1. Understand the basics: Focus on core concepts like the Double Entry System, Trial Balance, and Financial Statements.

2. Practice regularly: Solve sums and problems daily from the DK Goel Class 11 solutions to improve accuracy and speed.

3. Refer to NCERT textbooks: Make sure to cover all topics from the CBSE syllabus.

4. Solve sample papers: Practice with sample papers and previous years' questions for better exam preparation.

5. Time management: Allocate proper time for each topic, ensuring thorough understanding and revision.

Conclusion:

Choosing Accountancy in Class 11 can be easy or challenging, depending on how well students understand the concepts. To build a strong foundation, mastering the basics through consistent practice is key. DK Goel Solutions Class 11 – A Complete Guide offers structured, step-by-step solutions to important topics like Trial Balance, Depreciation, and Bank Reconciliation Statement (BRS).

Curated by subject experts, these solutions help students with homework, clearing doubts, and exam preparation. Regularly practising with the DK Goel Accountancy Class 11 solutions improves accuracy, speed, and confidence. Students can also download chapter-wise DK Goel Solutions PDFs to practice smarter and excel in exams.