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    Accountancy Project Criteria for CBSE Class 11

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    Accountancy Project Criteria for CBSE Class 11

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    8 views2 pages

    Accountancy Project Criteria for CBSE Class 11

    Uploaded by

    nofibill

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    © All Rights Reserved
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    Accountancy Project Criteria for CBSE Class 11 – Project - 20 Marks

    The CBSE Class 11 Accountancy project requires students to apply the concepts they’ve learned in a
    practical manner. Here are the key criteria and details for the project:

    1. Selection of a Topic

    Students can choose a topic that aligns with the CBSE syllabus and involves practical
    implementation of concepts such as journal entries, ledger accounts, trial balance, and financial
    statements. Some suggested topics include:

     Financial Statement Preparation of a Sole Proprietorship


     Preparation of source documents
     Preparation of Bank Reconciliation Statement

    2. Structure of the Project

    The project report should follow this structure:

     Cover Page: Title of the project, student’s name, class, roll number, and school name.
     Acknowledgment: Gratitude toward teachers, mentors, or anyone who guided the project.
     Certificate: From the teacher-in-charge, certifying the authenticity of the work.
     Index/Contents Page: List of all sections with page numbers.
     Introduction: Overview of the topic chosen and its relevance.
     Body of the Project: ( Preparation of Financial Statements)
    o Recording of transactions in proper format (journal, ledger, trial balance, etc.).
    o Analysis and interpretation of the financial data.
    o Presentation of financial statements (Profit and Loss Account and Balance Sheet).
     Conclusion: Summary of findings or results.
     Bibliography/References: Sources used for data collection.

    3. Suggested Activities: The CBSE guidelines recommend the following activities for the project:

     Recording of Transactions: Students should record 20-25 transactions and pass journal
    entries for them.
     Ledger Posting: Transfer the journal entries to ledger accounts.
     Trial Balance: Prepare a trial balance to check the accuracy of the ledger accounts.
     Final Accounts: Prepare Trading and Profit & Loss Account and a Balance Sheet.
    4. Evaluation Criteria

    The project is evaluated based on the following parameters:

    1. Relevance of the Topic: Appropriateness of the topic chosen.


    2. Understanding of Concepts: Clarity in applying accounting principles and concepts.
    3. Presentation: Neatness, organization, and proper format of the report.
    4. Accuracy: Correct recording, posting, and preparation of accounts.
    5. Viva Voce: The student’s ability to explain the project and answer questions related to it.

    5. Key CBSE Guidelines

     The project should be handwritten unless explicitly allowed otherwise.


     Realistic data should be used, or students can simulate business transactions for a hypothetical
    entity.
     The project report should not exceed 20-25 pages.
     Teachers may guide students to ensure the project adheres to CBSE guidelines.

    6. Example Format for Transactions

    Here’s a quick example of how transactions can be structured for a project:

    Example Transactions:

    1. Commenced business with cash ₹1,00,000.


    2. Purchased furniture for ₹20,000.
    3. Sold goods for ₹30,000 (cost ₹20,000).
    4. Paid rent ₹5,000.

    Steps to Implement:

     Record journal entries.


     Post transactions in respective ledger accounts.
     Prepare a trial balance.
     Draft a Trading and Profit & Loss Account and Balance Sheet.

    7. Common Errors to Avoid

     Inaccurate posting of entries in ledgers.


     Missing supporting documents or incorrect formats.
     Lack of conceptual clarity during the viva voce.

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