LOGISTICS AND INSURANCE — Commercial Studies STD 10 — Question

Mr. Patil, the owner of Jai Hind Engineers, submits the following trial balance to you for the year ended 31st March 2023:

	Dr. (₹)	Cr. (₹)
Purchase and Sales	16,180	75,200
Opening Stock	6,500
Drawings	4,000
Motor Cycle	12,500
Cycles and Carts Delivery	2,500
Bad Debts	200
Debtors and Creditors	4,000	2,000
Vehicle Expenses	1,100
Capital		8,600
Bills Receivable and Payable	800	1,000
Bank and Cash Balances	1,800
Petty Cash	100
Insurance Premium	500
Salaries	900
Petty Expenses	300
Wages	1,500
Rent	3,000
Godown Rent	1,800
General Expenditure	700
Bank Loan		2,000
Carriage Inwards	500
Worker's Equipment	30,000
Returns	200	280
	89,080	89,080

Prepare the final accounts for him. Closing stock is valued at ₹5,400.

Explain the nature and objectives of trade unions.

Explain five main rights of consumers as provided in the Consumer Protection Act, 1986.###Explain any five rights enjoyed by consumers as per the Consumer Protection Act, 1986 

Mr. Francis is the Human Resource Manager of a private limited company. He has observed that the employee's performance level has declined. As a result efficiency is low and has affected the organisational objectives. He is of the opinion that employees should be provided some training to enhance then performance (a) suggest on-the-job training by explaining its major techniques that could increase the level of productivity. (b) suggest any two evaluation systems that may be used to judge the performance of employers after training.

Describe the importance of training.

The following is the Trial Balance of ABC Industries as on 31st December 2015.

TRIAL BALANCE of ABC Industries as on 31.12.2015
Particulars	Amount (Dr.)	Particulars	Amount (Cr.)
Salaries	4,000.00	Sales	83,000.00
Cash Balance	2,000.00	Rent Received	2,000.00
Bank Balance	3,000.00	Purchases Returns	1,000.00
Wages	1,500.00	Creditors	7,000.00
Insurance	500.00	Capital Account	25,000.00
Trade Expenses	7,000.00
Discount Allowed	750.00
Opening Stock (1/1/2015)	5,000.00
Buildings	40,000.00
Furniture	15,000.00
Sales Returns	250.00
Drawings	1,000.00
Debtors	5,000.00
Purchases	30,000.00
Legal Charges	1,000.00
Advertisement Expenses	2,000.00
	1,18,000.00		1,18,000.00

The closing stock was valued at ₹9,000.
You are required to prepare a Trading Account and a Profit and Loss Account for the year ending 31st December 2015 and a Balance Sheet as on 31st December, 2015.

Discuss the advantages and disadvantages of e-tailing.

On 31st December, 2022 the following Trial Balance, was extracted from the books of Mohan:

	Debit (₹)	Credit(₹)
Capital		30,000
Drawings	5,000
Drs. and Crs.	20,000	10,000
Loan		9,500
Interest on Loan	300
Cash	2,000
Provision for Bad Debts 700		700
Stock (1/1/2022)	6,800
Motor Vehicles	10,000
Bank	3,500
Land and Buildings	12,000
Bad Debts	500
Purchases and Sales	66,000	1,10,000
Returns	8,000	1,500
Carriage Outward	2,500
Carriage Inward	3,000
Salaries	9,000
Rent and Insurance	3,000
Advertising	3,500
Discount		500
General Expenses	3,400
B/R and B/P	6,000	2,000
Rent Received		300
	1,64,500	1,64,500

Prepare a Trading Account and a Profit and Loss Account for the year ended 31st December, 2018 and a Balance Sheet as on that date after taking into account the following:
Stock on 31st December, 2022 was valued at ₹7,000.

Explain any two methods of off-the-job training.

From the following Trial Balance of Mr. Rajesh, prepare final accounts for the year ended 31/3/2023:

	Debit(₹)	Credit(₹)
Opening Stock	19,000
Salaries	10,500
Wages	8,000
Railway Freight - Purchases & Imports	2,500
General Office Expenses	13,000
Annual Insurance	2,000
Plant and Machinery	50,000
Purchases and Sales	1,20,000	2,53,000
Rent	7,500
Bad Debts and its Recoveries	300	1,000
Buildings and Sheds	60,000
Bills Receivable and Payable	12,200	4,000
10% Bank of Progress Loan		50,000
Travel Costs	15,000
Returns and Price Adjustments	3,000	1,500
Legal and Other Consultancy Fees	10,000
Repairs	8,600
Bank Account	10,000
Capital and Drawings	4,500	65,000
Interest	6,000
Debtors and Creditors	35,000	22,600
	3,97,100	3,97,100

Closing stock is valued at ₹45,000 (Its market price is only ₹40,000)