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

Explain any five features of Environment Protection Act.

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.

Compare the merits and demerits of internal and external sources of recruitment.

Discuss the role and concepts of Ecoefficiency and Ecofriendly technology.

Mr. Rao runs a cotton textile mill and employs about 220 workers. He is unhappy and is thinking of closing down the mill, as in the past three years, there have been frequent strikes and even lockouts.
(a) Give five possible reasons for the above scenario.
(b) Mention five methods by which Mr. Rao could improve relations with his workers in the mill.

Mr. Shah took a Health insurance policy for 2 lakhs without disclosing proper facts. After three years he was admitted in hospital due to acute tuberculosis. During investigation it was found that he had been a chain smoker for the past five years.
1. Will he able to claim health insurance why?
2. Identify the Principle of insurance.

Explain the principle of utmost good faith in a contract of insurance.

Mention five differences between advertising and personal selling.

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.

Prepare a Trading, Profit and Loss account of Mr. ABC for the year ending on 31st March, 2023 and a Balance Sheet as on 31 March, 2023.

Particulars	Amount (Dr.) (₹)	Amount (Cr.) (₹)
Capital		80,000
Drawings	4,000
Cash at Bank	4,700
Purchase	66,000
Sales		1,15,000
Purchase Returns		3000
Sales Returns	6,000
Discount	1,200
Carriage Outwards	1,800
Salaries	18,000
Trade expenses	3,600
Opening stock	15,000
Bad debts	1,800
Rent	4,500
Machinery	1,08,000
Furniture	18,000
Debtors	12,000
Creditors		30,000
Stationery	7,500
Commission received		900
Loan		43,200
	2,72,100	2,72,100

Closing stock on 31st March, 2023 was valued at 78,000.