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Concept Maps

Double Entry System — Concept Maps

ICSE · Class 11 · Accountancy

4 concept maps of Double Entry System for ICSE Class 11 Accountancy, each also written out as a text outline. Maps: Double Entry System – Complete Chapter.

106 questions42 flashcards4 formulas & key relations5 concepts

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4 Concept Maps

Double Entry System – Complete Chapter Overview

Double Entry System – Complete Chapter Overview

The map in words

  • Double Entry System
    • History
      • Lucas Pacioli 1494 Venice
      • Huge Old Castle 1544 English
      • Edward Jones 1785 Trial Balance
    • Core Principle
      • Every Debit has a Credit
      • Two Aspects of Every Transaction
      • Total Debits Equal Total Credits
    • Classification of Accounts
      • Personal Accounts
        • Natural Personal
        • Artificial Personal
        • Representative Personal
      • Real Accounts
        • Tangible Real
        • Intangible Real
      • Nominal Accounts
        • Expenses and Losses
        • Incomes and Gains
    • Golden Rules
      • Personal Rule
        • Debit the Receiver
        • Credit the Giver
      • Real Rule
        • Debit What Comes In
        • Credit What Goes Out
      • Nominal Rule
        • Debit Expenses and Losses
        • Credit Incomes and Gains
    • Advantages
      • Complete Record
      • Trial Balance
      • Scientific System
      • Legal Approval
      • Fraud Detection
    • Disadvantages
      • Expensive
      • Needs Special Knowledge
      • Errors Undetected
    • Accounting Cycle
      • Source Documents
      • Journal Recording
      • Ledger Posting
      • Trial Balance
      • Financial Statements

Complete Overview of Double Entry System

Complete Overview of Double Entry System

The map in words

  • Double Entry System
    • History
      • Lucas Pacioli 1494
      • Venice Italy
      • English Translation 1544
      • Edward Jones 1785
    • Core Principle
      • Every Debit has a Credit
      • Two Accounts Affected
      • Equal Amounts
    • Classification of Accounts
      • Personal Accounts
        • Natural Personal
        • Artificial Personal
        • Representative Personal
      • Real Accounts
        • Tangible Real
        • Intangible Real
      • Nominal Accounts
        • Expenses and Losses
        • Incomes and Gains
    • Golden Rules
      • Personal Rule
        • Debit the Receiver
        • Credit the Giver
      • Real Rule
        • Debit what Comes In
        • Credit what Goes Out
      • Nominal Rule
        • Debit Expenses Losses
        • Credit Incomes Gains
    • Advantages
      • Complete Records
      • Trial Balance
      • Scientific System
      • Legal Approval
      • Fraud Prevention
    • Disadvantages
      • Expensive
      • Special Knowledge Needed
      • Errors Undetected
    • Accounting Cycle
      • Identification
      • Journal Recording
      • Ledger Posting
      • Trial Balance
      • Financial Statements

This flowchart illustrates how every transaction is split into two equal aspects - debit and credit - maintaining the fundamental principle of Double Entry System.

This flowchart illustrates how every transaction is split into two equal aspects - debit and credit - maintaining the fundamental principle of Double Entry System.

The map in words

  • Business Transaction
    • Two Aspects
      • Debit Side: Account Receiving Benefit
        • Amount Debited
          • Debit = Credit
            • Yes: Transaction Recorded
            • No: Error in Recording
      • Credit Side: Account Giving Benefit
        • Amount Credited

Double entry system as the basis of modern accounting, where every transaction affects at least two accounts and every debit has a corresponding credit

Double entry system as the basis of modern accounting, where every transaction affects at least two accounts and every debit has a corresponding credit

The map in words

  • Double entry system as the basis of modern accounting, where every transaction affects at least two accounts and every debit has a corresponding credit
    • Meaning of double entry system
    • Historical development
    • Definitions
    • Principles and characteristics
    • Classification of accounts
    • Personal accounts
    • Real accounts
    • Nominal accounts

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Frequently Asked Questions

What are the important topics in Double Entry System for ICSE Class 11 Accountancy?
Key topics in Double Entry System include Meaning, Origin, and Main Principle, Definitions Given by Accountants, Chief Principles of Double Entry System, Classification of Accounts. Study these first, then practise questions on each for Class 11 exams.
What do the concept maps for Double Entry System show?
The 4 maps show how the ideas in Double Entry System connect: Double Entry System – Complete Chapter Overview; Complete Overview of Double Entry System. Each map is also written out as an outline on this page.
How should I revise Double Entry System for Class 11 exams?
Learn the core ideas first, then work through the 106 practice questions on Double Entry System. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Double Entry System

All ICSE Class 11 Accountancy Concept Maps

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