Accounting is a subject assigned exclusively to the students of commerce by BIE Sindh. It is considered a form of art which involves money management and accounts keeping. The first year/1st year BIE Sindh accounting consists of only 11 chapters which teach advanced methodologies to the student while also sticking close to the basic concepts. It also prepares students for XII/2nd year’s accounting which is the second half of the intercourse.

Inter Part 1, accounting paper follows the board paper pattern as it consists of only two parts objective and subjective. The former section is made up of multiple choice questions answers while the later section is further divided into two parts B) short answered questions and C) consist of detailed answered questions.

Accounting - XI First Year - Sindh Board

Subject name

Accounting

Class

XI/1st year

Board

Sindh board

Subject Affiliation

Commerce

Book Chapters Count

11

Subject Type

Elective

Paper Type

Subjective and Objective

Marks scheme

Total= 100

  • Subjective=80

  • Objective=20

Minimum Passing Marks

33/100

Subject features

Online recorded lecture, online assessments, mcqs, notes and games.

 


1.1 Accounting & Book Keeping
1.2 Purpose & Objectives accounting
1.3 Branches of accounting
1.4 The business & forms of business
1.5 Users of accounting information
1.6 Accounting concepts; Cost concept,
Accrual concept

2.1 Five pillars of accounting
2.2 Assets&types of assets
2.3 Liabilities&types of liabilities
2.4 Capital
2.5 Revenue
2.6 Expenses

3.1 Introduction to the accounting equation
3.2 Calculation & manipulations of accounting
equation
3.3 Extended accounting equation
3.4 Analysis of accounting transaction

4.1 Accounting cycle
4.2 Books of original entries
4.3 Rules of debit & credit
4.4 Recording of transactions

5.1 Accounting cycle
5.2 Format of the ledger
5.3 Ledger posting from a journal
5.4 Balancing of accounts
5.5 Balance c/d & b/d
5.6 Total debits = total credits
5.7 Preparation of trial balance

6.1 Introduction
6.2 Drawing up a triple column cashbook
6.3 Recording of transactions
6.4 Treatment of sales & purchase discount
6.5 Contra entries
6.6 Balancing of cash book

7.1 Imprest system
7.2 Format of petty cash book
7.3 General entries for cash book PCF

8.1 Introduction
8.2 Balance of cash book & bank statements
8.3 Item & their treatment, which affect reconcile of bank & cash book.
8.4 General entries

9.1 Introduction
9.2 Credit sales & credit terms
9.3 Format of sales journal
9.4 Trade discount
9.5 General ledger

10.1 Introduction
10.2 Credit purchases & credit items
10.3 Format of purchase journal
10.4 Trade discount
10.5 General ledger
10.6 Sales return & credit notes
10.7 Sales return book
10.8 Purchase return & debit note
10.9 General ledger
10.10 Schedules of A/R & A/P

11.1 Errors affecting trial balance
11.2 Errors not affecting trail balance
11.3 Errors & adjustments of errors
11.4 Incorporation of errors in accounting
statements

12.1 What to be adjusted
12.2 Why we need adjusting entries
12.3 Accrual accounting vs cash accounting
12.4 Adjusting for stocks
12.5 Prepaid expenses
12.6 Unearned revenue
12.7 Reversing entries

13.1 Opening & closing stock
13.2 Purchases, purchases discount and
purchase returns
13.3 Sales, sales discount and sales return
13.4 COGS statement , Ledger of COGS
13.5 Income statement
13.6 Calculation of net profit/net loss
13.7 Adjusting entries/adjustments &
income statement
13.8 Classified balance sheet
13.9 Assets, liabilities and capital
13.10 From unadjusted trial balance to BS
13.11 Incorporation of net profit/net loss in BS
13.12 Calculation of missing values in BS

14.1 Closing entries
14.2 Opening entries


Concepts

Interactive 3D Simulations to help you build concepts fast.

Assessments

Quizzes and assignments to prepare you for exams along the way.

Standard

Powerful teaching techniques help you digest information easily.

Innovation

Front board technique to keep you more engaged with an instructor.

Queries

Ask questions in comments when in doubt and get answers quickly.

Environment

Better learning experience than a crowded classroom in half of a fee.

Accounting - XI First Year - Sindh Board

Accounting - XI First Year - Sindh Board


Sir. Amjad Niaz

Accounting – XI First Year Sindh Board

Sir Amjad is a part of commerce teaching faculty at MyInterAcademy.com and he has proven himself to be an invaluable part of the family, sir Amjad Niaz is a Masters of Commerce from the esteemed University of Karachi, With his natural talent in handling the concepts of commerce and his charming and enthusiastic teaching style can certainly captivate students. To further impart proper knowledge to students and increase their learning experience, Sir Amjad Niaz also utilizes modern technology in form of visionary animations that are directly related to his teaching topics.

Students can easily follow Sir Amjad Niaz lectures on business maths and Principles of Accounting exclusively at MyInterAcademy.com with the help of online recorded lectures that students can access at any place at any time as long as they are connected to the internet.


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