Commerce (English Medium) कक्षा १२ - CBSE Important Questions

Calculate Revenue from operations of BN Ltd. From the following information:

Goods were sold at a profit of 25% on cost.

State the steps to construct Bank-Reconciliation statement using Tally.

______ means any offer of securities to a select group of persons by a company other than by way of the public offer.

No debenture redemption reserve is required for debentures issued by ______.

State the objectives of 'Analysis of Financial Statements'.

Financial Statements are prepared following the constituent accounting concepts principles procedures and also the legal environment in which the business organisation operate. These statements are the source of information on the basis of which conclusions are drawn about the profitability and financial position of a company so that their users can easily understand and use them in their economic decisions in a meaningful way.

From the above statements identify any two values that a company should observe while preparing its financial statements. Also, State under which major headings and sub-headings the following items will be presented in the Balance Sheet of a company as per Schedule III of the Companies Act 2013

(1) Capital Reserve
(2) Calls-in-Advance
(3) Loose Tools
(4) Bank overdraft

Calculate Revenue from operations of BN Ltd. From the following information:

Goods were sold at a profit of 25% on cost.

Explain the meaning of the term 'Normalisation'.

Explain the meaning of the term 'Query' as a tool of SQL.

Explain any four points that highlight the importance of principles of management

Explain any three features Business Environment

Explain the following limitations of planning:

1. Planning reduces creativity.
2. Planning involves huge costs.

Explain the following as limitations of planning:

1. Planning leads to rigidity.
2. Planning may not work in a dynamic environment.

Give the meaning of 'accountability' as an element of delegation

Give the meaning of 'Responsibility' as an element of delegation

Answer the following question:
Aradhana and Gandharv are heads of two different departments in 'Yumco Ltd.' 'They are efficient managers and are able to motivate the employee of their respective departments to improve performance. However, their drive to excel in their own sphere of activity instead of giving emphasis on objectives of the enterprise has hindered the interaction between the departments that Aradhana and Gandharv are heading. Often there are inter-departmental conflicts and they have become incompatible. This has proved to be harmful in the fulfillment of the organisational objectives. The situation has deteriorated to such an extent that the CEO of 'Yumco Ltd.' has hired a consultant, Rashmi, to resolve the problem. After studying the situation closely, Rashmi found that the problem has arisen due to inflexibility and a narrow perspective on the part of both Aradhana and Gandharv. She is of the view that this situation is a result of the type of organisational structure 'Yumco Ltd.’ has adopted.
From the above information, identify the organisational structure adopted by ‘Yumco Ltd.’ and state any three advantages of the structure so identified.

What is meant by 'functional structure' of an organisation?

State any four points which highlight the importance of delegation in an organisation.

Answer the following question.
With the help of any four points, explain the importance of 'Decentralisation' in an organisation.