In the commerce stream of class 11th and 12th, accountancy is one of the most crucial subjects which one must prepare well in order to score better. Accountancy is one of the major subjects of the Commerce stream which is one of the most scoring subjects compared to others in that respective stream. Therefore, a commerce student must have proper knowledge of the subject so that he/she can go parallel with the ever-changing economic scenario, the business environment and also the senior secondary stage.
Hence, accountancy is one of the major subjects for commerce students during their 11h and 12th, so it is necessary to build a proper foundation of the subject at the earliest level so that one can move progressively towards succeeding chapters and concepts.
In the 11th standard, accountancy is primarily based on developing the foundation of the concepts in a clear manner. The syllabus is designed in such a manner that it provides the concepts of the basics and fundamentals in a lucid manner. Thus, the subject of accountancy is of very much importance in the boards’ curriculum.
The syllabus for accountancy is intended to provide an insight to the students, regarding the standards of accounting which are established in accordance with the Institute of Chartered Accountants of India. This makes the concepts provided in 11th and 12th effective enough as it has equal importance and also, deliver a clear knowledge about the basics of the subject.
The textbooks which are developed by NCERT are often the most efficient study materials while building clear foundations of the concepts as well as to perform better in the examinations. The NCERT Books for Class 11 Accountancy is necessary to help the student prepare better for the final examinations. Moreover, the NCERT textbooks are developed under the guidance of professional academic instructors who strictly adhere to the CBSE guidelines.
Also, the NCERT textbook for accountancy effectively covers all the chapters in a crystal clear explanation, right from the very first chapter. Thus, advised the students of class 11th and 12th, to study and prepare each and every chapter of the textbooks properly.
There are some key benefits of referring to the NCERT textbook for class 11 accountancy, because for the following reasons:
- Most preferred textbook for the commerce stream, as it provides the concepts in a lucid manner of explanation.
- Developed by expert CBSE academic professionals; who guide to ensure proper explanations as well as build a firm foundation of the concepts.
- Enhances the process of revision, as it explains the concepts in a lucid manner as well as provide example questions that are helpful from an examination perspective.
Thus, for effective preparations and scoring much better; it is crucial to have a thorough understanding of the texts in each chapter, upon which the concepts can be easily learnt. Therefore, it must be ensured that students focus on building strong foundations of the concepts, which can be enhanced with the help of the following strategies:
1. Focus on analyzing the facts:
It is advised to the students that, whenever they study it is better to try grasping the concepts while going through the texts.
Thus, this helps a student to have a clear idea regarding the definitions, terms and examples of the accountancy concepts.
2. Practice regularly:
Often it is said that “Practice makes a man perfect”. Hence, it is necessary to follow a strict practice regime which not only helps to make the concepts crystal-clear but it also enhances the time-management ability of the student. Both of which are crucial during the examinations.
Therefore, it is advised to the students that they try to solve the example question provided at the end of each chapter, as well as practice sample questions.
3. Solve question papers:
It is advised to solve the previous years as well as the sample question papers, as often it has been seen that questions tend to be repeated. A habit of solving questions and practising more often must be inculcated, as it is helpful to the student to have an idea regarding the type of question as well as the pattern, which could be possibly expected in the current examination. Moreover, solving these question papers helps a student to analyze their level of understanding of the concept.
4. Revise is the key to success:
As being said, “Revision is the key to success”; it is necessary to do regular revision in order to refresh the concepts and the understanding of it. This helps in the clear grasping of the concepts, as well as clears many minor doubts.
5. Solve more questions:
Whether it is sample question papers or the question papers from previous years, it is necessary that a student put effort into solving these in order to have a better understanding of the concepts. Also, there are questions provided as exercises at the end of each chapter. The students must try to solve them as well. Thus, solving questions will enhance their thinking ability as well as improve their writing speed. Also, it is helpful in time management.
Therefore, it is the smartest decision to refer to NCERT textbooks in order to prepare well for class 11 accountancy. Moreover, one must have a clear understanding of the basic fundamentals, which can be achieved by referring to the NCERT textbooks. The NCERT textbooks are according to the latest CBSE guidelines, because of which they are found to be of immense help. Thus, the students can learn easily, prepare better and score excellent. Also, it is very necessary to have knowledge regarding the major concepts in Accountancy such as the balance sheets, and their data as they are more important in the respective subject.