GOVERNMENT INITIATIVES IN ENVIRONMENT PROTECTION — Commercial Studies STD 10 — Question

Explain any two types of employment tests which are conducted to select employees for an enterprise.

Describe any two sources of Internal Recruitment

Explain any two social security measures adopted in India.

Discuss the importance of equity shares and preference shares as sources of long-term finance.

Discuss the essential features of an ideal warehouse.

Discuss the advantages and disadvantages of e-marketing.

"The interpretation of cost varies based on its context." Discuss this notion in relation to significant cost related concepts.

Differentiate between shareholders and creditors as stakeholders of a commercial organisation.

Explain the benefits of taking an insurance policy.

Abraham is in business. The following balances were extracted from the books as on 31.12.2022. You are required to prepare a trading account and a profit and loss account for the year ended 31.12.2022 and a balance sheet as on that date.

	Debit (₹)	Credit (₹)
Capital		32,000
Drawings	4,240
Purchases less Returns	15,610
Rates and Taxes	388
Salaries	1,612
Lighting and Heating	164
Electric Power	384
Del credere Commission	414
Insurance	206
Advertising	214
Sales less Returns		34,176
Bad Debts Written off	62
Postage, Telegrams, etc.	826
Carriage	754
Opening Stock	6,160
Wages	7,962
Land and Building	15,840
Plant and Machinery	4,034
Furniture and Fittings	378
Sundry Debtors	6,082
Sundry Creditors		4,422
Cash at Bank	5,268
	70,598	70,598

When preparing the accounts it is necessary to take the following matters into consideration : Closing stock on 31.12.2022 was ₹8,760.