DK Goel Class 11 Accountancy Solutions 2023 | Download Chapter-wise Solutions PDF

Class 11th students need to clear their concepts, for now as well as for Board Exams. For this, they need a book to clear all the doubts, right from the beginning.

To help the students with a conceptual or numerical query, You can find class 11 Accountancy Journal Entries Questions With Solutions (DK Goel) here. You can learn all the chapter-wise concepts and solved questions here. 

Dk Goel Class 11 Accountancy Solutions PDF 

Subject matter experts have outlined Dk Goel Class 11 Accountancy Solutions. It has all the step-by-step solutions for the questions, to help the students with exams, homework, and board exam preparation. 

Chapter-wise Dk Goel Class 11 Accountancy Solutions

Chapter 1	Meaning and Objectives of Accounting
Chapter 2	Basic Accounting Terms
Chapter 3	Accounting Principles
Chapter 4	Process and Basis of Accounting
Chapter 5	Accounting Standards and International Financial Reporting Standards (IFRS)
Chapter 6	Accounting Equations
Chapter 7	Double Entry Systems
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 – Cashbook
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	Computerized Accounting System
Chapter 27	Accounting Software Package: tally

Why should students opt for DK Goel Class 11 Accountancy Solutions?

Students can download the DK Goel Class 11 Accountancy Solutions PDF online. But if you think about why, then there are not just one or two, but many reasons. These reasons are mentioned below:

• You can avail of these books without paying anything.
• Every question is answered completely.
• Chapter-wise solutions are available.
• All the concepts are explained in a way that makes them easy to learn.
• All topics are covered entirely.
• The necessary information for exams is highlighted.
• It is as per the advanced CBSE Syllabus.
• Subject matter experts have outlined the book.

Detailed Chapters-wise Explanation for DK Goel Class 11 Accountancy Solutions

Here is a list of all the chapters you can find in DK Goel Class 11 Accountancy Solutions, mentioned below:

Chapter 1: Meaning and Objectives of Accounting

DK Goel Class 11 Accountancy Solutions begin Chapter 1 by explaining Accounting. It is the method of collecting, reporting, interpreting as well as summarizing financial transactions. Also, it reveals the status of a business. You can download the DK Goel class 11 chapter 1 PDF for free.

Sometimes, Accountancy is also termed as ‘financial language’. The students are briefed on the following topics:

• Profit
• Loss
• Balance sheet
• Cash Discount
• Debtors

Chapter 2: Basic Accounting Terms

DK Goel Class 11 Accountancy Solutions begin Chapter 2, which explains all the basic accountancy terms like:

• Revenue
• Fixed assets
• Profit
• Current assets
• Revenue expenditure, etc.

Chapter 3: Accounting Principles

Chapter 3 talks about the Principles based on which accounts of a firm are managed. It includes details on the following aspects:

• Basic Accounting Equation
• Separate legal entity
• Characteristics of Accounting Principles

Chapter 4: Process and Basis of Accounting

Chapter 4, in the DK Goel Class 11 Accountancy Solutions, explains to the students about the cash basis and accrual basis of accounting.

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

Chapter 5, in the DK Goel Class 11 Accountancy Solutions, teaches mainly about accounting standards. They are the rules which dictate the drafting of the financial statements of a company.

Chapter 6: Accounting Equations

DKgoel Class 11 chapter 6 solutions, mainly discuss the basic needs of accounting. Apart from this, numerical problems are also discussed in this chapter. 

Chapter 7: Double Entry Systems

In accounting, there is a method of bookkeeping known as Double Entry, in which its effect will be on two different accounts simultaneously.

Chapter 8: Origin of Transactions: Source Documents of Accountancy

Chapter 8 mainly talks about the Source Documents which is the very first recorded instrument in a transaction. These documents as a base will result in a successful accounting process.

Chapter 9: Books of Original Entry – Journal

DK Goel Accountancy Class 11 Solutions Chapter 9, Journal, talks about journals, which is the first document where financial transactions are recorded. Here, the financial transactions of a firm are recorded in chronological order.  

Chapter 10: Accounting For Goods and Service Tax (GST)

Chapter 10, in the DK Goel Class 11 Accountancy Solutions will teach the students about how GST Accounting is done. GST is paid by the firm for its supply of goods and services. Customs duty and excise duty are also included in the GST. 

Chapter 11: Books of Original Entry – Cashbook

DK Goel Class 11 Accountancy Solutions provides solved solutions for this chapter. It has around 31 numerical problems. 

Chapter 12: Books of Original Entry – Special Purpose Subsidiary Books

DK Goel Class 11 Accountancy Solutions provides solved solutions for this chapter on the topic, of subsidiary book posting of transactions.

Chapter 13: Ledger 

DK Goel Class 11 Accountancy Solutions provides solved solutions for this chapter on the topic, of ledger posting.

Chapter 14: Trial Balance and Errors

DK Goel Class 11 Accountancy Solutions in Chapter 14 is explaining Trial Balance as any record showing the balances, including credit and debit, of all recorded accounts. 

Chapter 15: Bank Reconciliation Statement

The Accountancy Solutions of DK Goel Class 11 are explaining the method of making a Bank Reconciliation statement, based on the information provided to us.

Chapter 16: Depreciation 

In this chapter, we are taught how to calculate depreciation based on asset values.

Chapter 17: Provisions and Reserves

The Accountancy Solutions of DK Goel Class 11 are explaining the meaning of Provisions and Reserves in Chapter 17. The amount retained through the depreciation, renewal, and devaluation of assets is called Provisions. While Reserves are the amount that is kept aside from surplus and profits for financing future requirements. 

Chapter 18: Bills of Exchange

Chapter 18, in the DK Goel Class 11 Accountancy Solutions, has step-by-step solved numericals for calculating interest amounts, discount charges, etc.

Chapter 19: Rectification of Errors

Chapter 19, in the DK Goel Class 11 Accountancy Solutions, has step-by-step solved numerical. 

Chapter 20: Capital and Revenue

In this chapter, a detailed explanation has been given on the topics like capital expenditure, revenue expenditure, their differences, etc.

Chapter 21: Financial Statements

In DK Goel Class 11 Accountancy Solutions, the method of calculating costs of sold goods, gross profit, direct expenditure, the value of sales, adjusted purchase, net purchase, etc. is explained.

Chapter 22: Financial Statements – With adjustments        

Chapter 22 in DK Goel Class 11 Accountancy Solutions, teaches the students about the different values in a financial statement after adjusting the data. 

Chapter 23: Accounts from Incomplete Records

Chapter 23 in DK Goel Class 11 Accountancy Solutions shows numerical problems solved in a step-by-step method.

Chapter 24: Introduction to Computers

This chapter briefs you on the working of a computer, its components, software, hardware, etc.

Chapter 25: Introduction to Accounting Information System

Chapter 25 in DK Goel Class 11 Accountancy Solutions has explained the various purposes of the Accounting Information System.

Chapter 26: Computerized Accounting https://www.cbse.gov.in/System

Chapter 26 in DK Goel Class 11 Accountancy Solutions distinguishes between manual and computerized accounting systems. 

Chapter 27: Accounting Software Package: tally

Chapter 27 in DK Goel Class 11 Accountancy Solutions describes the features of tally software. 

If you have any queries regarding the CBSE Class 11th Accountancy Exam, you can ask them in the comments. 

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