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.

5 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 and History of Double Entry System

  • Every business transaction has TWO aspects – giving and receiving.
  • The Double Entry System records BOTH aspects of every transaction.
  • Lucas Pacioli (Venice, Italy) wrote the first book on Double Entry System in 1494.
2

Principles and Characteristics of Double Entry System

  • Core Principle: 'Every debit has a credit and every credit has a debit.'
  • PRINCIPLE 1 – Dual Aspect: Every transaction affects at least TWO accounts in opposite directions.
  • PRINCIPLE 2 – Both Personal and Impersonal Aspects are recorded: One aspect may be personal and another impersonal, or both may be the same type.
3

Classification of Accounts – The Golden Rules

  • All accounts are classified into THREE types: Personal Accounts, Real Accounts, and Nominal Accounts.
  • These three types have THREE different rules (called 'Golden Rules') for debit and credit.
  • PERSONAL ACCOUNTS → DEBIT THE RECEIVER, CREDIT THE GIVER
4

Golden Rules – Applied Examples

  • RULE 1 (Personal): Paid cash ₹50,000 to Ram → Ram A/c Dr. (receiver), Cash A/c Cr. (giver).
  • RULE 1 (Personal): Received cash ₹80,000 from Shyam → Cash A/c Dr. (receiver), Shyam A/c Cr. (giver).
  • RULE 2 (Real): Bought furniture for cash ₹9,000 → Furniture A/c Dr. (comes in), Cash A/c Cr. (goes out).

Key Concepts

The Double Entry System isThe system is built on fourPersonal Accounts are opened inReal Accounts relate to assetsNominal Accounts relate to expenses

Frequently Asked Questions

What are the important topics in Double Entry System for ICSE Class 11 Accountancy?
Double Entry System covers several key topics that are frequently asked in ICSE Class 11 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Double Entry System — ICSE Class 11 Accountancy?
Start by understanding all key concepts. Practise previous year questions from this chapter. Revise formulas and definitions regularly. Use flashcards for quick revision 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