CBSE Class 10 Elements of Book keeping and Accounting Syllabus 2023-24 (PDF Download)

CBSE Class 10 Elements of Book keeping and Accounting Syllabus 2023-24

ELEMENTS OF BOOK-KEEPING AND ACCOUNTANCY (CODE NO. 254)

CLASS-X (2023-24)

Objective: The main objective of this paper is to enable the students to understand the fundamental principles and develop skills of preparing and maintaining simple books of accounts from given details.

One Paper: 3 Hours ; 70 Marks ; 210 Periods.

Unit

Contents

Marks

Periods

1

Capital and Revenue

8

25

2

Depreciation

12

35

3

Bank Reconciliation Statement

14

45

4

Bills of Exchange

10

25

5

Final Accounts

14

45

6

Accounting from Incomplete Records

12

35

 

Total

70

210

 

 

 

 

 

Project

30

30

Unit 1: Capital and Revenue

25 Periods 

08 Marks

Content

Learning Outcomes

Capital and revenue : Capital and revenue receipts, capital and revenue expenditure and deferred revenue expenditure

The learners would be able to :

  • Recapitulate the meaning of the terms ‘Capital’ and ‘Revenue’
  • Appreciate the difference between capital and revenue receipts and capital and revenue expenditure
  • Acquire the knowledge about deferred revenue Expenditure

Unit 2: Depreciation

35 Periods 

12 Marks

Content

Learning Outcomes

Depreciation : Need and methods of charging depreciation-straight line and Diminishing balance method (no change in the method)

The learners would be able to :

  • Explain the necessity of providing depreciation on fixed assets
  • Develop the skill of using the different methods i.e. straight line and diminishing balance for computing depreciation
  • Prepare fixed assets accounting using straight line and diminishing balance method of charging depreciation

Unit 3: Bank Reconciliation Statement

45 Periods 

14 Marks

Content

Learning Outcomes

Bank Reconciliation Statement : Meaning Preparation of BRS with the given cash book / pass book balance

The learners would be able to :

  • Understand the concept of bank reconciliation statement
  • Appreciate the need of preparing bank reconciliation statement
  • Develop understanding of preparing bank reconciliation Statement

Unit 4: Bills of Exchange

25 Periods

10 Marks

Content

Learning Outcomes

Bill of Exchange : Nature and use of Bills of Exchange, Terms used in Bills of Exchange. Simple transactions related to bills of exchange (No dishonour, retiring & renewal of the bill)

The learners would be able to :

  • Acquire the knowledge of using bills of exchange for financing business transactions
  • Understand the need of Bills of exchange in business
  • State the meaning of different terms used in bills of exchange and their implication in accounting
  • Develop in the skill of journalising simple bill transactions in the book of creditor and debtor

Unit 5: Final Accounts

45 Periods 

14 Marks

Content

Learning Outcomes

Final Accounts : Preparation of Trading and Profit & loss Account and Balance Sheet of Sole trader.

Adjustment for closing stock only. [amount of closing stock to be given]

The learners would be able to :

  • State the meaning of financial statements & the purpose they serve for a sole proprietor.
  • Develop the skill of preparing Trading Account and calculating gross profit.
  • Develop the skill of preparing Profit & Loss Account and calculating the net profit
  • Explain the need for preparing ‘Balance Sheet’.
  • Understand the techniques of preparing the ‘Balance Sheet’.
  • Develop the understanding to the simple adjustment for closing stock

Unit 6: Accounting from Incomplete Records

35 Periods 

12 Marks

Content

Learning Outcomes

Accounting from Incomplete Records : Meaning; preparation of statement of Profit, statement of affairs. [statement of affairs method only]

The learners would be able to :

  • State the meaning of incomplete records
  • Understand the uses and limitations of incomplete records
  • Develop the skill of computation of profit / loss by preparing Statement of Profit
  • Develop the skill of preparing ‘Statement of Affairs’ and ascertain the position of the business on a particular date.

Project Work

Project  I : 15 Periods ; 15 Marks

Identify 20 items and classify them as capital and revenue receipts, capital and revenue expenditure and deferred revenue expenditure (OR any other topic related to the course content)

Project –II : 15 Periods ; 15 Marks

Make a statement of affairs for incomplete records of a small shop. (OR any other topic related to the course content)

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