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

Explain why it is necessary to protect consumer.

Discuss five objectives of pricing in detail.

Give a classification of assets and liabilities.

Write short notes on the following steps of selection.
(a) Medical/Physical examination.
(b) Group discussion.

Distinguish between Gratuity and Provident Fund.

Explain the salient features of the Consumer Protection Act.

An established company has decided to expand its production capacity. It does not have adequate reserves to finance the expansion. Suggest with reasons any two other sources of finance for the company.

Discuss six reasons for the increasing necessity of storage in business.

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.

Describe the importance of training.