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DK Goel Solutions Class 11
Accountancy
Commerce
DK Goel Solutions Class 11 Accountancy
Last updated date: 06th Sep 2024 • Total views: 486k • Views
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Class 11 DK Goel Solutions Accountancy
The Class 11 accountancy syllabus is quite
comprehensive and concept-rich, making
it a subject where students can score well
with regular practice. To excel, students
should regularly solve exercise questions
using dependable solutions, which will
improve their accuracy and e!ciency.
The DK Goel Accountancy Class 11 PDF
presents problems and solutions in an
organized manner, ensuring that students
don't get confused while working through
the sums.
These solutions are a valuable resource
for Class 11 students to learn e"ective
problem-solving techniques and enhance
their time-management skills. By
practicing these questions and aiming to
solve them within a set time, students can
increase their problem-solving speed.
Commerce students can easily download
the DK Goel Accountancy Class 11
solutions PDF. Having this study material
in digital format makes it more
convenient to refer to and use.
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
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Accountancy DK Goel SolutionsFor
Class 11
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
$nancial transactions. It reveals the
economic status of a business.
Accountancy is also termed as ‘$nancial
language’ sometimes.
In the $rst chapter of DK Goel
Accountancy Class 11, students are
briefed on:
Debtors
Cash Discount
Pro$t
Loss
Financial Statement
Balance Sheet
Chapter 2: Basic Accounting Terms
Basic terms in accountancy include
revenue, pro$t, $xed assets, current
assets, revenue expenditure, etc.
Chapter 3: Accounting Principles
The principles based on which the
accounts of a $rm 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
$nancial 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
e"ect of it will be on two accounts
simultaneously.
Chapter 8: Origin of Transactions
Source documents are the very $rst
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 $nancial transactions of a $rm are
recorded in chronological order. This is
the $rst document, where $nancial
transactions are recorded.
Chapter 10: Accounting for Goods
and Service Tax (GST)
A $rm has to pay GST on the supply of
goods and services. It includes the
erstwhile customs duty and excise duty.
In this chapter of DK Goel Accountancy
Class 11 Solutions, you learn how the GST
accounting is done.
Chapter 11: Cashbook
The chapter includes accurate solutions
on cash book entry sums. There are 31
sums in total.
Chapter 12: Special Purpose
Subsidiary Books
This chapter contains sums on subsidiary
book posting of transactions.
Chapter 13: Ledger
This chapter has 13 numerical problems
on ledger posting.
Chapter 14: Trial Balance and Errors
Any record showing the balances
(including credit and debit) of all recorded
accounts is called a trial balance.
Chapter 15: Bank Reconciliation
Statement
In this chapter, the solutions will help you
to understand how to make the bank
reconciliation statement based on the
provided data.
Chapter 16: Depreciation
Here you will have to calculate
depreciation on the basis of asset values.
Chapter 17: Provisions and Reserves
Provision is the amount retained through
depreciation, renewal, and devaluation of
assets. Reserve is the amount kept aside
from pro$t and surplus to $nance future
requirements.
Chapter 18: Bills of Exchange
This chapter has sums for calculating
discounting charges, interest amounts,
etc. You can refer to the Solutions in case
of any doubt.
Chapter 19: Recti$cation 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 di"erences, 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 pro$t, 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 $nd
di"erent values in a $nancial 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
di"erent 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.
Introduction – DK Goel Solutions Class
11 Accountancy
When the students $rst choose
Accountancy in Class 11, they may $nd it
easier or more complex which depends
on how well they understand the
concepts. The student of class 11 needs
to learn all the basics very well and it's
necessary to learn the best way
intelligently which is through practicing
DK Goel book solutions, which are
explained and resolved according to the
chapter. We, at Vedantu, provide DK Goel
solutions for CBSE Class 11 Accountancy
to assist students in understanding all
ideas. There are many concepts in
Accounting, but the concept of Trial
Balance, Depreciation, and Bank
Reconciliation Statement (BRS) is
considered the most important.
DK Goel Textbook Solutions is described
by topic experts. These model solutions
include comprehensive, step-by-step
solutions to all questions found in DK
Goel's Accountancy book. They can be
very helpful to students when they $nish
their homework or while studying for
their exams.
Some of the special features of DK
Goel Solutions Class 11 are:
The practical questions provided at
the end of each chapter are based
on the most recent CBSE
questionnaires and these are
illustrated. Answers and tips for
answering the questions are
provided at the end of all the
questions. We are very con$dent
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 bene$t of the learners.
Volume Cover 1 Partnership
Accounts while Volume 2 contains
Company Accounts.
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FAQs on DK Goel Solutions Class 11
Accountancy
1. How many chapters are there in DK
Goel Accountancy Class 11 Solutions?
There are 27 chapters in the DK Goel
Accountancy Solutions for Class 11
students. These chapters are based on
commerce and accounting in business.
In DK Goel Accountancy Class 11
Solutions book the experts have
presented various types of accounting
topics such as de$nition and accounting
objectives, accounting principles,
Commerce Accounting, accounting
system and accounting principles,
Accounting equations, double-entry
system, and many other very useful
chapters. The experts are trying to build
a strong arithmetic foundation and
concept for Commerce students.
2. How many sums are there in the
$nancial statement chapter of DK
Goel Solutions?
3. How many chapters on DK Goel
Accountancy Solutions are based on
Computers?
4. What are the reasons a student
should study DK Goel Solutions Class
11 Accountancy well?
5. What are some tips for the
preparation of DK Goel Solutions
Class 11 Accountancy?
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