---
type: "Book"
knowledge_type: "book"
entity_type: "book"
id: "66ae541b191fdf5766655b86"
title: "Financial Accounting - I"
description: "Financial Accounting - I is a CBSE Class 11 book for the subject Accountancy on Edzy."
board: "CBSE"
curriculum: "CBSE"
class_id: "66ab5807ffbb5019db72215c"
class: "Class 11"
class_name: "Class 11"
class_slug: "class-11"
class_canonical_url: "https://www.edzy.ai/cbse-class-11"
class_markdown_url: "https://www.edzy.ai/okf/class/cbse-class-11.md"
subject_id: "66ab5c44543b6f461d7a9d01"
subject: "Accountancy"
subject_slug: "class-11-accountancy"
subject_canonical_url: "https://www.edzy.ai/cbse-class-11-accountancy"
subject_markdown_url: "https://www.edzy.ai/okf/subject/cbse-class-11-accountancy.md"
book: "Financial Accounting - I"
book_slug: "financial-accounting-i"
canonical_url: "https://www.edzy.ai/cbse-class-11-accountancy-financial-accounting-i"
markdown_url: "https://www.edzy.ai/okf/book/cbse-class-11-accountancy-financial-accounting-i.md"
source_type: "examSubjectBook"
source_id: "66ae541b191fdf5766655b86"
source: "Edzy"
chapter_count: "7"
topic_count: "48"
version: "1"
last_updated: "2026-06-24"
svg_icon: "https://edzy-ai.s3.ap-south-1.amazonaws.com/academic/class-11/66ae541b191fdf5766655b86.svg"
book_svg_icon: "https://edzy-ai.s3.ap-south-1.amazonaws.com/academic/class-11/66ae541b191fdf5766655b86.svg"
subject_svg_icon: "https://edzy-ai.s3.ap-south-1.amazonaws.com/edzy-express-ts/0544ab6a-1803-4ad3-84de-46f580751a44.svg"
color_name: "Khaki Gold"
color_light_foreground: "#B3AA6A"
color_light_background: "#FFFBDD"
color_dark_foreground: "#ACA366"
color_dark_background: "#5D593A"

---

## Knowledge Snapshot

| Field         | Details                          |
| :------------ | :------------------------------- |
| Board         | CBSE        |
| Curriculum    | CBSE   |
| Class         | Class 11 |
| Subject       | Accountancy  |
| Book          | Financial Accounting - I     |
| Book Slug     | financial-accounting-i         |
| Chapter Count | 7 |
| Topic Count   | 48   |
| Last Updated  | 2026-06-24  |

---

## Book Overview

This book belongs to Class 11 and covers the subject Accountancy under the CBSE board and curriculum. The chapters and topics listed form the available book-level OKF inventory.

---

## OKF Hierarchy

| Level   | Title                            | Canonical URL                           | Markdown URL                            |
| :------ | :------------------------------- | :-------------------------------------- | :-------------------------------------- |
| Class   | Class 11 | https://www.edzy.ai/cbse-class-11   | https://www.edzy.ai/okf/class/cbse-class-11.md   |
| Subject | Accountancy  | https://www.edzy.ai/cbse-class-11-accountancy | https://www.edzy.ai/okf/subject/cbse-class-11-accountancy.md |
| Book    | Financial Accounting - I     | https://www.edzy.ai/cbse-class-11-accountancy-financial-accounting-i        | https://www.edzy.ai/okf/book/cbse-class-11-accountancy-financial-accounting-i.md        |

---

## Chapter Index

| No. | Chapter                          | Pages       | Page Count     | Topics  | Canonical URL | Markdown URL |
| :-- | :------------------------------- | :---------- | :------------- | :------- | :------------ | :----------- |
| 1   | Introduction to Accounting       | 1-24       | 24             | 7       | https://www.edzy.ai/cbse-class-11-accountancy-financial-accounting-i-introduction-to-accounting | https://www.edzy.ai/okf/chapter/cbse-class-11-accountancy-financial-accounting-i-introduction-to-accounting.md |
| 2   | Theory Base of Accounting        | 25-45      | 21             | 5       | https://www.edzy.ai/cbse-class-11-accountancy-financial-accounting-i-theory-base-of-accounting | https://www.edzy.ai/okf/chapter/cbse-class-11-accountancy-financial-accounting-i-theory-base-of-accounting.md |
| 3   | Recording of Transactions - I    | 46-98      | 53             | 6       | https://www.edzy.ai/cbse-class-11-accountancy-financial-accounting-i-recording-of-transactions-i | https://www.edzy.ai/okf/chapter/cbse-class-11-accountancy-financial-accounting-i-recording-of-transactions-i.md |
| 4   | Recording of Transactions - II   | 99-159     | 61             | 7       | https://www.edzy.ai/cbse-class-11-accountancy-financial-accounting-i-recording-of-transactions-ii | https://www.edzy.ai/okf/chapter/cbse-class-11-accountancy-financial-accounting-i-recording-of-transactions-ii.md |
| 5   | Bank Reconciliation Statement     | 160-179    | 20             | 5       | https://www.edzy.ai/cbse-class-11-accountancy-financial-accounting-i-bank-reconciliation-statement | https://www.edzy.ai/okf/chapter/cbse-class-11-accountancy-financial-accounting-i-bank-reconciliation-statement.md |
| 6   | Trial Balance and Rectification of Errors | 180-225 | 46            | 6       | https://www.edzy.ai/cbse-class-11-accountancy-financial-accounting-i-trial-balance-and-rectification-of-errors | https://www.edzy.ai/okf/chapter/cbse-class-11-accountancy-financial-accounting-i-trial-balance-and-rectification-of-errors.md |
| 7   | Depreciation, Provisions and Reserves | 226-270 | 45            | 11      | https://www.edzy.ai/cbse-class-11-accountancy-financial-accounting-i-depreciation-provisions-and-reserves | https://www.edzy.ai/okf/chapter/cbse-class-11-accountancy-financial-accounting-i-depreciation-provisions-and-reserves.md |

---

## Topic Inventory

| No. | Topic ID               | Topic                            |
| :-- | :--------------------- | :------------------------------- |
| 1   | 69abcb46a243cecf9684daf9 | Meaning of Accounting |
| 2   | 69abcb46a243cecf9684dafb | Economic Events |
| 3   | 69abcb46a243cecf9684dafd | Identification, Measurement, Recording and Communication |
| 4   | 69abcb46a243cecf9684daff | Users of Accounting Information |
| 5   | 69abcb46a243cecf9684db01 | Accounting as a Source of Information |
| 6   | 69abcb46a243cecf9684db03 | Objectives of Accounting |
| 7   | 69abcb46a243cecf9684db05 | Role of Accounting |
| 8   | 69abcb8aa243cecf9684ec84 | Generally Accepted Accounting Principles |
| 9   | 69abcb8aa243cecf9684ec86 | Basic Accounting Concepts |
| 10  | 69abcb8aa243cecf9684ec88 | Systems of Accounting |
| 11  | 69abcb8aa243cecf9684ec8a | Basis of Accounting |
| 12  | 69abcb8aa243cecf9684ec8c | Accounting Standards |
| 13  | 69abcbb9a243cecf9684f6c1 | Business Transactions and Source Document |
| 14  | 69abcbb9a243cecf9684f6c3 | Accounting Equation |
| 15  | 69abcbbaa243cecf9684f6c5 | Using Debit and Credit |
| 16  | 69abcbbaa243cecf9684f6c7 | Books of Original Entry |
| 17  | 69abcbbaa243cecf9684f6c9 | The Ledger |
| 18  | 69abcbbaa243cecf9684f6cc | Posting from Journal |
| 19  | 69abcbfba243cecf968505a7 | Cash Book |
| 20  | 69abcbfba243cecf968505a9 | Purchases (Journal) Book |
| 21  | 69abcbfba243cecf968505ab | Purchases Return (Journal) Book |
| 22  | 69abcbfba243cecf968505ad | Sales (Journal) Book |
| 23  | 69abcbfba243cecf968505af | Sales Return (Journal) Book |
| 24  | 69abcbfba243cecf968505b1 | Journal Proper |
| 25  | 69abcbfba243cecf968505b3 | Balancing the Accounts |
| 26  | 69b94da0d33a4bf90acc18bb | Need for Reconciliation |
| 27  | 69b94da0d33a4bf90acc18bf | Meaning of Bank Reconciliation Statement |
| 28  | 69b94da0d33a4bf90acc18c3 | Causes of Difference Between Cash Book and Passbook Balance |
| 29  | 69b94da0d33a4bf90acc18cf | Preparation of Bank Reconciliation Statement |
| 30  | 69b94da0d33a4bf90acc18d4 | Adjusted Cash Book |
| 31  | 69abcc35a243cecf96851554 | Meaning of Trial Balance |
| 32  | 69abcc35a243cecf96851556 | Objectives of Preparing the Trial Balance |
| 33  | 69abcc35a243cecf96851558 | Preparation of Trial Balance |
| 34  | 69abcc35a243cecf9685155a | Significance of Agreement of Trial Balance |
| 35  | 69abcc35a243cecf9685155c | Searching of Errors |
| 36  | 69abcc35a243cecf9685155e | Rectification of Errors |
| 37  | 69abcc19a243cecf96850e1a | Depreciation |
| 38  | 69abcc19a243cecf96850e2c | Effect of any Addition or Extension to the Existing Asset |
| 39  | 69abcc19a243cecf96850e2e | Provisions |
| 40  | 69abcc19a243cecf96850e30 | Reserves |
| 41  | 69abcc19a243cecf96850e1c | Depreciation and other Similar Terms |
| 42  | 69abcc19a243cecf96850e1e | Causes of Depreciation |
| 43  | 69abcc19a243cecf96850e20 | Need for Depreciation |
| 44  | 69abcc19a243cecf96850e22 | Factors Affecting the Amount of Depreciation |
| 45  | 69abcc19a243cecf96850e24 | Methods of Calculating Depreciation Amount |
| 46  | 69abcc19a243cecf96850e26 | Straight Line Method and Written Down Method: A Comparative Analysis |
| 47  | 69abcc19a243cecf96850e28 | Methods of Recording Depreciation |
| 48  | 69abcc19a243cecf96850e2a | Disposal of Asset |

---

## Chapter-Wise Topic Map

### Introduction to Accounting

| No. | Topic ID               | Topic                            |
| :-- | :--------------------- | :------------------------------- |
| 1   | 69abcb46a243cecf9684daf9 | Meaning of Accounting |
| 2   | 69abcb46a243cecf9684dafb | Economic Events |
| 3   | 69abcb46a243cecf9684dafd | Identification, Measurement, Recording and Communication |
| 4   | 69abcb46a243cecf9684daff | Users of Accounting Information |
| 5   | 69abcb46a243cecf9684db01 | Accounting as a Source of Information |
| 6   | 69abcb46a243cecf9684db03 | Objectives of Accounting |
| 7   | 69abcb46a243cecf9684db05 | Role of Accounting |

### Theory Base of Accounting

| No. | Topic ID               | Topic                            |
| :-- | :--------------------- | :------------------------------- |
| 1   | 69abcb8aa243cecf9684ec84 | Generally Accepted Accounting Principles |
| 2   | 69abcb8aa243cecf9684ec86 | Basic Accounting Concepts |
| 3   | 69abcb8aa243cecf9684ec88 | Systems of Accounting |
| 4   | 69abcb8aa243cecf9684ec8a | Basis of Accounting |
| 5   | 69abcb8aa243cecf9684ec8c | Accounting Standards |

### Recording of Transactions - I

| No. | Topic ID               | Topic                            |
| :-- | :--------------------- | :------------------------------- |
| 1   | 69abcbb9a243cecf9684f6c1 | Business Transactions and Source Document |
| 2   | 69abcbb9a243cecf9684f6c3 | Accounting Equation |
| 3   | 69abcbbaa243cecf9684f6c5 | Using Debit and Credit |
| 4   | 69abcbbaa243cecf9684f6c7 | Books of Original Entry |
| 5   | 69abcbbaa243cecf9684f6c9 | The Ledger |
| 6   | 69abcbbaa243cecf9684f6cc | Posting from Journal |

### Recording of Transactions - II

| No. | Topic ID               | Topic                            |
| :-- | :--------------------- | :------------------------------- |
| 1   | 69abcbfba243cecf968505a7 | Cash Book |
| 2   | 69abcbfba243cecf968505a9 | Purchases (Journal) Book |
| 3   | 69abcbfba243cecf968505ab | Purchases Return (Journal) Book |
| 4   | 69abcbfba243cecf968505ad | Sales (Journal) Book |
| 5   | 69abcbfba243cecf968505af | Sales Return (Journal) Book |
| 6   | 69abcbfba243cecf968505b1 | Journal Proper |
| 7   | 69abcbfba243cecf968505b3 | Balancing the Accounts |

### Bank Reconciliation Statement

| No. | Topic ID               | Topic                            |
| :-- | :--------------------- | :------------------------------- |
| 1   | 69b94da0d33a4bf90acc18bb | Need for Reconciliation |
| 2   | 69b94da0d33a4bf90acc18bf | Meaning of Bank Reconciliation Statement |
| 3   | 69b94da0d33a4bf90acc18c3 | Causes of Difference Between Cash Book and Passbook Balance |
| 4   | 69b94da0d33a4bf90acc18cf | Preparation of Bank Reconciliation Statement |
| 5   | 69b94da0d33a4bf90acc18d4 | Adjusted Cash Book |

### Trial Balance and Rectification of Errors

| No. | Topic ID               | Topic                            |
| :-- | :--------------------- | :------------------------------- |
| 1   | 69abcc35a243cecf96851554 | Meaning of Trial Balance |
| 2   | 69abcc35a243cecf96851556 | Objectives of Preparing the Trial Balance |
| 3   | 69abcc35a243cecf96851558 | Preparation of Trial Balance |
| 4   | 69abcc35a243cecf9685155a | Significance of Agreement of Trial Balance |
| 5   | 69abcc35a243cecf9685155c | Searching of Errors |
| 6   | 69abcc35a243cecf9685155e | Rectification of Errors |

### Depreciation, Provisions and Reserves

| No. | Topic ID               | Topic                            |
| :-- | :--------------------- | :------------------------------- |
| 1   | 69abcc19a243cecf96850e1a | Depreciation |
| 2   | 69abcc19a243cecf96850e2c | Effect of any Addition or Extension to the Existing Asset |
| 3   | 69abcc19a243cecf96850e2e | Provisions |
| 4   | 69abcc19a243cecf96850e30 | Reserves |
| 5   | 69abcc19a243cecf96850e1c | Depreciation and other Similar Terms |
| 6   | 69abcc19a243cecf96850e1e | Causes of Depreciation |
| 7   | 69abcc19a243cecf96850e20 | Need for Depreciation |
| 8   | 69abcc19a243cecf96850e22 | Factors Affecting the Amount of Depreciation |
| 9   | 69abcc19a243cecf96850e24 | Methods of Calculating Depreciation Amount |
| 10  | 69abcc19a243cecf96850e26 | Straight Line Method and Written Down Method: A Comparative Analysis |
| 11  | 69abcc19a243cecf96850e28 | Methods of Recording Depreciation |
| 12  | 69abcc19a243cecf96850e2a | Disposal of Asset |

---

## Important Book Facts

* The book belongs to Class 11.
* The subject is Accountancy.
* The board is CBSE.
* The curriculum is CBSE.
* The book contains 7 supplied chapters.
* The metadata contains 48 supplied topics.

---

## Related OKF Entities

| Entity Type | Title                            | Markdown URL                            |
| :---------- | :------------------------------- | :-------------------------------------- |
| Class       | Class 11 | https://www.edzy.ai/okf/class/cbse-class-11.md   |
| Subject     | Accountancy  | https://www.edzy.ai/okf/subject/cbse-class-11-accountancy.md |
| Chapter     | Introduction to Accounting      | https://www.edzy.ai/okf/chapter/cbse-class-11-accountancy-financial-accounting-i-introduction-to-accounting.md |
| Chapter     | Theory Base of Accounting       | https://www.edzy.ai/okf/chapter/cbse-class-11-accountancy-financial-accounting-i-theory-base-of-accounting.md |
| Chapter     | Recording of Transactions - I   | https://www.edzy.ai/okf/chapter/cbse-class-11-accountancy-financial-accounting-i-recording-of-transactions-i.md |
| Chapter     | Recording of Transactions - II  | https://www.edzy.ai/okf/chapter/cbse-class-11-accountancy-financial-accounting-i-recording-of-transactions-ii.md |
| Chapter     | Bank Reconciliation Statement    | https://www.edzy.ai/okf/chapter/cbse-class-11-accountancy-financial-accounting-i-bank-reconciliation-statement.md |
| Chapter     | Trial Balance and Rectification of Errors | https://www.edzy.ai/okf/chapter/cbse-class-11-accountancy-financial-accounting-i-trial-balance-and-rectification-of-errors.md |
| Chapter     | Depreciation, Provisions and Reserves | https://www.edzy.ai/okf/chapter/cbse-class-11-accountancy-financial-accounting-i-depreciation-provisions-and-reserves.md |

---

## Source Attribution

| Field          | Value                            |
| :------------- | :------------------------------- |
| Source         | Edzy                             |
| Reference Type | examSubjectBook                |
| Reference ID   | 66ae541b191fdf5766655b86       |
| Book ID        | 66ae541b191fdf5766655b86       |
| Canonical URL  | https://www.edzy.ai/cbse-class-11-accountancy-financial-accounting-i |
| Markdown URL   | https://www.edzy.ai/okf/book/cbse-class-11-accountancy-financial-accounting-i.md |
| Last Updated   | 2026-06-24  |