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

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)

(a) What is the significance of staff training?
(b) Examine the different types of training towards development of human resources in an office.

Identify and explain the measures which can be adopted to strengthen the trade unions in India.

"Principle of contribution is a corollary to the principle of indemnity." Comment.

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.

"Insurance is a method of spreading risks." In the light of this statement, explain how does insurance help in minimising business risks.

What do you understand by 'Group Insurance? State any three features of Group Insurance?

What are the advantages and disadvantages of the borrowings from commercial banks?

Give five differences between Training and Education.

From the following trial balance of Mr. A prepare a Trading Account and a Profit and Loss A/c for the year ending 31st Dec., 2022 and a Balance Sheet as on that date:

TRIAL BALANCE
Debit Balance	(₹)	Credit Balance	(₹)
Cash	10,000	Sales	1,80,500
Stock	40,800	Returns	195
Wages	22,525	Loan	20,000
Purchases	1,30,295	Creditors	30,305
Returns inward	2,400	Discount	530
Repairs	1,675	Capital	37,500
Bad Debts	2,310
Interest on Loan	600
Salaries	8,000
Sales Tax	800
Octroi	500
Insurance	1,000
Charity	125
Rent	2,000
Machinery	16,000
Debtors	30,000
	2,69,030		2,69,030

Stock on 31st Dec., 2022 was ₹40,925.