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Syllabus

Double Entry System — Syllabus

ICSE · Class 11 · Accountancy

What Double Entry System covers in ICSE Class 11 Accountancy: 4 topics, for the 2026-27 session. Part of the ICSE Class 11 Accountancy syllabus.

106 questions42 flashcards4 formulas & key relations5 concepts

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4 Topics · ICSE Class 11 Accountancy · 2026-27

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

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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.
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.

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All ICSE Class 11 Accountancy Syllabus

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