RECRUITMENT, SELECTION AND TRAINING — Commercial Studies STD 10 — Question

The following balances were extracted from the books of Sri S. Kumar on 31st December 2022:

	Debit (₹)	Credit(₹)
Capital		24,500
Drawings	2,000
General Expenses	2,500
Building	11,000
Machinery	9,340
Opening Stock	16,200
Power	2,240
Taxes & Insurance	1,315
Wages	7,200
Sundry Debtors	6,280
Sundry Creditors		2,500
Charity	105
Bad Debts	550
Bank Overdraft		11,180
Sales		65,360
Purchases	47,000
Scooter	2,000
Bad Debt Provision		900
Commission		1,320
Trade Expenses	1,780
Bills Payable		3,850
Cash	100
	1,09,610	1,09,610

Stock on 31st December 2022 was valued at ₹23,500.
Prepare Final Accounts for the year ended 31st December 2022.

Describe the need of transportation.

What is recruitment of staff? Explain the external sources of recruitment.

Explain any five types of budgets.###Explain the utility of budgets.

Distinguish between a Balance Sheet and a Trial Balance.

Explain the main methods of performance appraisal.

What is a warehouse? Describe the cause of growing necessity for warehousing in business.

Mr. P.H. Mehta is in business. The following balances were extracted from the books as on 31.12.2022. You are required to prepare the Trading Account and the Profit and Loss Account for the year ended 31.12.2018 and the Balance Sheet as on that date.

	Debit (₹)	Credit (₹)
Capital		1,98,000
Drawings	10,000
Purchases and Returns Outward	1,18,800	500
Salaries	21,650
Rate and Taxes	950
Office Lighting and Cooling	2,700
Import Duty	2,200
Insurance	250
Agency Commission	900
Advertising	5,000
Returns Inward and Sales		3,48,500
Bad Debts	800
Postage and Telegrams	800
Discount Received		150
Carriage for Door Delivery to Customers	1,400
Opening Stock	6,200
Wages	27,700
Plant and Machinery	2,05,000
Land and Buildings	1,10,000
Furniture and Fittings	3,000
Sundry Debtors and Creditors	39,600	20,000
Cash at Bank	10,000
Petty Cash Balance	200
	5,67,150	5,67,150

Closing stock on 31.12.2022 was ₹48,700.

The following is the trial balance of Mr. A. Chatterjee for the year ended 31st December, 2022. Compile the final accounts for him, after incorporating the adjustments and thereafter supply him with the required information, listed by him.

	Debit (₹)	Credit (₹)
Opening Stock	5,000
Capital		30,000
Drawings	2,000
Loan from Mr. Patel		8,000
Purchases and Sales	13,000	50,000
Rejections Returned	2,000	500
Wages	5,000
Salaries	8,000
Carriage Outward	2,000
Rent and Rates	3,000
Telephone and Trunk Calls	800
Petty Expenses	400
Plant and Machinery	35,000
Office Fixtures and Equipment	10,000
Cash in Hand	2,000
Bank Overdraft		1,000
Customers and Suppliers	8,000	6,700
	96,200	96,200

Closing stock value is ₹15,000.

What is meant by insurance? Explain the fundamental principles of insurance.