Class 11 Accountancy Chapter 9 Financial Statements II is a high-frequency chapter in the CBSE Class 11 Accountancy exam. These class 11 accountancy handwritten notes chapter 9 Financial Statements II follow the 2026-27 NCERT and cover need for adjustments and the accrual basis, outstanding and prepaid expenses, accrued income and income received in advance. This page hosts the.
- CBSE Class 11 Weightage: a scoring chapter in the Accountancy paper, asked in short and long answers.
- What the notes cover: need for adjustments and the accrual basis, outstanding and prepaid expenses, accrued income and income received in advance, depreciation on fixed assets.
- Best for: quick revision before Class 11 exams and a base for CUET later.
You can read the complete class 11 accountancy handwritten notes for Financial Statements II, with key terms, boxed definitions, and quick revision points, in the PDF below.
These handwritten notes are written by subject teachers, mapped to the 2026-27 NCERT, and checked against the last five years of CBSE Class 11 Accountancy papers.
What the Financial Statements II Handwritten Notes Cover
Simple final accounts assume no loose ends, but real business always has some. This chapter handles adjustments like outstanding, prepaid, depreciation and provisions. Each one is shown at two places so the final accounts stay true.
- Need for adjustments and the accrual basis
- Outstanding and prepaid expenses
- Accrued income and income received in advance
- Depreciation on fixed assets
- Bad debts and further bad debts
- Provision for doubtful debts and discount on debtors
- Manager's commission, interest on capital and drawings
Financial Statements II Self-Assessment Quiz
Try these quick questions after you read the notes. Tap each question to check your answer. They cover the points CBSE asks most often.
Where is closing stock shown when given as a note?
(a) Only in trading account (b) Only in balance sheet (c) Trading credit and asset side (d) Only as expense
Answer: (c) Trading credit and asset side - it is posted at two places to complete double entry.
Outstanding wages appear in the balance sheet as a
(a) Current asset (b) Current liability (c) Fixed asset (d) Deduction from capital
Answer: (b) Current liability - the wages are due but still unpaid.
Provision for doubtful debts is calculated on
(a) Total debtors (b) Debtors after further bad debts (c) Creditors (d) Sales
Answer: (b) Debtors after further bad debts - the base is good debtors after write-off.
Prepaid salary affects net profit by
(a) Reducing it (b) Increasing it (c) No effect (d) Doubling it
Answer: (b) Increasing it - the prepaid part is deducted from the salary expense.
Interest on capital is treated as
(a) Income of the firm (b) Expense debited to P&L and added to capital (c) Asset (d) Liability only
Answer: (b) Expense debited to P&L and added to capital - profit falls but capital rises.
Financial Statements II Topic-wise Weightage for CBSE Class 11 Accountancy
Some parts of this chapter are asked more often than others. The table below shows which sub-topics to revise first, based on recent CBSE Class 11 question trends.
| Sub-topic | Weightage | CBSE Frequency |
|---|---|---|
| Provision for doubtful debts | High | asked almost every year |
| Outstanding and prepaid expenses | High | very frequent |
| Depreciation | Medium | frequent |
| Manager's commission | Medium | common short question |
| Interest on capital and drawings | Low | occasional |
Key Terms and Ideas in Financial Statements II
These are the terms and ideas the exam asks about most. Learn each one so you can define it and use it in your answers.
| Term / Idea | What it means |
|---|---|
| Adjustment | an item posted at two places before final accounts |
| Outstanding expense | expense due but unpaid at year end |
| Prepaid expense | expense paid now, benefit falls next year |
| Accrued income | income earned but not yet received |
| Income in advance | income received now but earned next year |
| Provision for doubtful debts | estimated loss set aside on debtors |
| Depreciation | fall in a fixed asset's value from use and time |
| Interest on capital | return allowed to the owner on capital |
How Collegedunia's Handwritten Notes Help You Revise Financial Statements II
These notes are made for the night before the exam. They keep the facts short and easy to scan. Collegedunia maps every point to the 2026-27 NCERT.
- Clear handwriting: each topic is written in neat, easy-to-read handwriting.
- Boxed key terms: the main terms and definitions are boxed by hand for fast recall.
- Diagrams and tables: simple hand-drawn tables and charts make ideas clear.
- Colour-coded headings: new sub-topics stand out, so you find any section in seconds.
How to Use These Handwritten Notes for Class 11 Accountancy Revision
Use these class 11 accountancy handwritten notes in two passes. Read them slowly once for the full chapter. Then, near the exam, read only the boxes and key terms for a fast recall.
- Read the notes once with the NCERT chapter open beside you.
- Say each key term and idea in your own words.
- Practise one long-answer question from a past paper.
- On the last day, revise only the key terms and the boxes.
Class 11 Accountancy Handwritten Notes for All Chapters
The table below links the class 11 accountancy handwritten notes for every chapter. Use it to jump to any other chapter's notes.
| Chapter | Resource |
|---|---|
| Chapter 1 | Introduction to Accounting Handwritten Notes |
| Chapter 2 | Theory Base of Accounting Handwritten Notes |
| Chapter 3 | Recording of Transactions I Handwritten Notes |
| Chapter 4 | Recording of Transactions II Handwritten Notes |
| Chapter 5 | Bank Reconciliation Statement Handwritten Notes |
| Chapter 6 | Trial Balance and Rectification of Errors Handwritten Notes |
| Chapter 7 | Depreciation, Provisions and Reserves Handwritten Notes |
| Chapter 8 | Financial Statements I Handwritten Notes |
| Chapter 9 | Financial Statements II Handwritten Notes |
Financial Statements II Class 11 Accountancy Handwritten Notes FAQs
Ques. Where can I download Financial Statements II Class 11 Accountancy Handwritten Notes PDF?
Ans. You can download the Financial Statements II Class 11 Accountancy Handwritten Notes PDF directly from this page. Both the Normal and HD versions are free.
Ques. Are these handwritten notes aligned with the 2026-27 NCERT?
Ans. Yes. These notes follow the current 2026-27 syllabus for Class 11 Accountancy. How do students know which side of the balance sheet an adjustment goes to?
Ques. How many pages is the Class 11 Accountancy Financial Statements II Handwritten Notes PDF?
Ans. The notes run about 20 pages. They cover the full chapter with key terms, hand-drawn boxes, and a short self-assessment quiz.
Ques. What is the main idea of the 11th standard Accountancy chapter Financial Statements II?
Ans. Link each item to its nature before you place it. Prepaid expense, accrued income and closing stock are assets, while outstanding expense and income received in advance are liabilities.
Ques. Are these Financial Statements II notes enough for the CBSE Class 11 exam?
Ans. Yes, for revision. The Collegedunia handwritten notes cover every key point and exam term. Read them with the NCERT chapter and practise past questions.
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