Skip to main content
Super TutorResources
Chapter 4 of 28
QuestionsNotesFlashcardsSummaryFormulasQuizConceptsSyllabusPlan
Syllabus

Double Entry System

ICSE · Class 11 · Accountancy

Complete topic list for Double Entry System in ICSE Class 11 Accountancy. Key concepts, sub-topics, and what to focus on for board exams.

106 questions42 flashcards5 concepts

Interactive on Super Tutor

Studying Double Entry System? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for syllabus and more.

Try Super Tutor — Free

1,000+ Class 11 students started this chapter today

4 Topics · ICSE Class 11 Accountancy

Topics in Double Entry System

1

Meaning, Origin, and Main Principle

  • A book on double entry system was first written in 1494 by Lucas Pacioli, a resident of Venice, Italy.
  • The book was translated into English by Huge Old Castle in 1544.
  • Edward Jones wrote English System of Books-Keeping in 1785 and first discussed purchase book, sales book, and trial balance.
2

Definitions Given by Accountants

  • Spicer and Peglat defined double entry as recording every transaction in money or money's worth in its double aspect.
  • Their definition highlights receipt of benefit by one account and surrender of like benefit by another account.
  • J.R. Batliboi defined double entry as recording the two fold effect of every business transaction.
3

Chief Principles of Double Entry System

  • Every business transaction affects two accounts.
  • Both personal and impersonal aspects of transactions are recorded.
  • Accounts are debited and credited according to specified rules.
4

Classification of Accounts

  • Accounts are classified into Personal Accounts, Real Accounts, and Nominal Accounts.
  • Personal accounts are further classified into Natural, Artificial, and Representative Personal Accounts.
  • Real accounts are classified into Tangible and Intangible Real Accounts.

Key Concepts

Central concept: 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 systemHistorical developmentDefinitionsPrinciples and characteristicsClassification of accountsPersonal accountsReal accountsNominal accounts

Frequently Asked Questions

What are the important topics in Double Entry System for ICSE Class 11 Accountancy?
Key topics in Double Entry System include Double Entry System – Complete Chapter Overview, Complete Overview 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.. These are the concepts ICSE Class 11 examiners draw on most — study them first, then practise related questions.
How to score full marks in Double Entry System — ICSE Class 11 Accountancy?
Understand the core concepts first, then work through the 106 practice questions available for this chapter. Revise formulas and 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 28 chapters — ICSE Class 11 Accountancy Syllabus

For serious students

Get the full Double Entry System chapter — for free.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for ICSE Class 11 Accountancy.

Try Super Tutor Free
Try the full chapter — Free