LOGISTICS AND INSURANCE — Commercial Studies STD 10 — Question

Prepare a Trading, Profit and Loss Account of XYZ, for the year ending on 31st March, 2022 and a Balance Sheet as on 31 March, 2022.

Particulars	Amount (Dr.) (₹)	Amount (Cr.) (₹)
Capital		1,00,000
Furniture	20,000
Purchase	1,50,000
Debtors	2,00,000
Interest Received		4,000
Salaries	30,000
Sales		3,21,000
Purchase Returns		5,000
Wages	20,000
Rent	15,000
Sales Return	10,000
Carriage outwards	7,000
Creditors		1,26,000
Printing and Stationery	8,000
Insurance	12,000
Opening Stock	50,000
Office Expenses	12,000
Bank Overdraft		2,000
Drawing	24,000
Total	5,58,000	5,58,000

Closing stock was valued at ₹60,000 on 31 March, 2022.

Give five differences between Training and Education.

The following is the trial balance of Mr. R.P. Sharma for the year ended 31st December, 2022. Compile the final accounts for him, after attending to the adjustments and thereafter also submit the required information, listed by him.

	Debit (₹)	Credit (₹)
Land	1,00,000
Freehold Premises	60,000
Bills Receivable and Payable	20,000	24,000
Wages	15,000
Rejection of Goods Including Price Adjustments	2,500	3,500
Personal Accounts Resulting from Credit Sales and Purchases	31,000	15,000
Purchase and Sales Including Cash Transactions	40,500	96,000
Salaries	7,000
Insurance and Municipal Taxes	1,500
Rentals	2,000	4,500
Bad Debts	600
Carriage	3,000
Opening Stock	5,000
Commission Accounts	500	600
Vehicles	62,000
Machinery	85,000
Drawings and Capital Accounts	8,000	1,75,000
Loan from the S.F.C.		1,25,000
	4,43,600	4,43,600

Closing stock value is ₹7,500.

Explain the concept and importance of life insurance.

From the following Trail Balance of A.B. Chandra as on 31st December, 2019.

TRIAL BALANCE of A.B. Chandra As on 31.12.2019
Particulars	Amount (Dr.)	Particulars	Amount (Cr.)
Cash in Hand	2,000	Discount Received	750
Drawings	2,800	Capital	40,000
Opening Stock (01/01/2018)	4,000	Purchases Returns	1,250
Wages	2,000	Sales	83,000
Cash at Bank	3,500	Creditors	15,000
Insurance	700	Bank Loan	10,000
Trade Expenses	1,200
Furniture	20,000
Buildings	61,000
Salaries	5,000
Discount Allowed	750
Sales Returns	3,000
Purchases	31,250
Debtors	10,000
Telephone Charges	1,000
Bills Receivable	1,800
	1,50,000		1,50,000

The closing stock was valued at 12,000.
You are required to prepare a Trading Account and a Profit and Loss Account for the year ending 31st December 2019 and a Balance Sheet as on 31st December, 2019.

What is meant by debentures? Describe various types of debentures.

Distinguish clearly between marketing and sales.

List any four features of NEFT

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

Mr. Lewis is the Marketing Manager of a leading fast-moving consumer goods company. He observes that a particular brand of shampoo manufactured by the company is not preferred in the market. As a result, the sale has declined over a period of time. It is found that dealers are unwilling to stock the shampoo.
(a) Suggest five techniques of sales promotion to induce dealers to stock the shampoo.
(b) How would you recruit and select new sales representative to persuade the dealers.