NCERT Class 11 Financial Accounting Part - 1 & 2 (Accountancy) Book 2025-26

NCERT Class 11 Financial Accounting Part - 1 (Accountancy) Book

The NCERT Class 11 Financial Accounting Part – 1 (Accountancy) book is a foundational textbook for students beginning their journey in the field of commerce. Prescribed by CBSE and followed by many state boards, this book introduces learners to the basic principles, concepts, and processes of accounting. It plays a crucial role in building analytical thinking, numerical accuracy, and financial understanding, which are essential skills for higher studies in commerce, management, and professional courses like CA, CS, CMA, and MBA.

Chapter No.	Download Chwapterwise Financial Accounting Part - 1 PDF
Chapter 1	Introduction to Accounting
Chapter 2	Theory Base of Accounting
Chapter 3	Recording of Transactions - I
Chapter 4	Recording of Transactions - II
Chapter 5	Bank Reconciliation Statement
Chapter 6	Trial Balance and Rectification of Errors
Chapter 7	Depreciation, Provisions and Reserves

NCERT Class 11 Financial Accounting Part - 2 (Accountancy) Book

The NCERT Class 11 Financial Accounting Part – 2 (Accountancy) book is an essential textbook for students studying commerce under the CBSE curriculum. It focuses on the practical and conceptual aspects of accounting and helps students understand how financial records are prepared, classified, and presented. This book builds a strong foundation for Class 12 Accountancy, Chartered Accountancy (CA), Company Secretary (CS), Cost and Management Accounting (CMA), and other commerce-related professional courses.

Chapter No.	Download Chwapterwise Financial Accounting Part - 2 PDF
Chapter 8	Financial Statements - I
Chapter 9	Financial Statements - II

Introduction to Financial Accounting

Financial Accounting is the branch of accounting that deals with recording, classifying, summarizing, and interpreting financial transactions of a business. The NCERT Class 11 Financial Accounting Part – 1 & 2 book explains these concepts in a simple and systematic manner, making it ideal for beginners with no prior background in accounting.

The book focuses on the theoretical foundation and practical application of accounting rules, helping students understand how financial records are prepared and maintained in real business situations.

Objectives of NCERT Class 11 Financial Accounting Part – 1 & 2

The key objectives of this book are:

• To introduce students to the basic concepts and principles of accounting
• To explain the process of recording business transactions
• To develop accuracy and logical thinking through numerical problems
• To build a strong base for advanced accounting in Class 12
• To prepare students for competitive and professional examinations

Key Features of the Book

• Simple and student-friendly language
• Step-by-step explanation of accounting procedures
• Real-life business examples
• Ample numerical problems for practice
• Strict alignment with CBSE syllabus

Importance for Class 11 & Competitive Exams

The NCERT Class 11 Financial Accounting Part – 1 & 2 book is extremely important for:

• Class 11 annual examinations
• Class 12 Accountancy preparation
• Professional courses like CA Foundation
• Competitive exams related to commerce and business studies

Many questions in higher-level exams are directly or indirectly based on concepts taught in this book.

How to Study Financial Accounting Effectively

• Understand concepts before solving numerical problems
• Practice journal entries daily
• Revise rules of debit and credit regularly
• Solve NCERT in-text and exercise questions thoroughly
• Maintain neat working notes for clarity

Benefits of Studying This Book

• Builds a strong foundation in accounting
• Enhances problem-solving and logical reasoning skills
• Develops financial literacy and business awareness
• Prepares students for professional careers in commerce