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(English Medium) ICSE Class 10 - CISCE Question Bank Solutions for Commercial Studies

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Commercial Studies
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The ______ function of the Central bank involves the settling claims of Commercial banks through a process of book entries.

[6] Banking
Chapter: [6] Banking
Concept: undefined >> undefined

Distinguish between Advertising and Publicity.

[2.2] Advertising and Sales Promotion
Chapter: [2.2] Advertising and Sales Promotion
Concept: undefined >> undefined

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Distinguish between the Central Bank and the Commercial Bank.

[6] Banking
Chapter: [6] Banking
Concept: undefined >> undefined

What is a Central Bank?

[6] Banking
Chapter: [6] Banking
Concept: undefined >> undefined

Explain in brief any five objectives of Marketing.

[2.1] Marketing and Sales
Chapter: [2.1] Marketing and Sales
Concept: undefined >> undefined

State any three objectives of Industrial Relations.

[4.2] Industrial Relations, Trade Unions and Social Security
Chapter: [4.2] Industrial Relations, Trade Unions and Social Security
Concept: undefined >> undefined

Given below is the Trial Balance of M/s. Krishna & Sons Pvt. Ltd. as on 31st March, 2023. Prepare a Trading and  Profit and Loss account for the year ending 31st March, 2023 and a Balance Sheet as on the same date.

Trial Balance of M/s. Krishna & Sons Pvt Ltd. as on 31st March 2023.

Particulars Dr. Cr.
Capital - 50,000
Drawings 1,000 -
Debtors and Creditors 25,000 15,000
Loan - 20,000
Discounts 4,750 300
Purchases and Sales 90,000 1,72,000
Land and Buildings 88,000 -
Salaries 33,000 -
Cash in hand 2,700 -
Stock as on 01-04-2022 28,000 -
Commission Received - 18,550
Sales Return and Purchase Return 750 550
Carriage inward 1,200 -
Bills receivable and Bills payable 7,500 5,500
Total 2,81,900 2,81,900

Closing Stock was valued at ₹ 25,000

[3.2] Final Accounts of Sole Proprietorship
Chapter: [3.2] Final Accounts of Sole Proprietorship
Concept: undefined >> undefined

Which of the following banks regulate the supply of money in the economy?

[6] Banking
Chapter: [6] Banking
Concept: undefined >> undefined

Assertion: Central banks control credit.

Reasoning: Commercial banks issue bank drafts.

[6] Banking
Chapter: [6] Banking
Concept: undefined >> undefined

Imagine you are an accountant of Shah & Company. You have to pass an entry of interest received by the company. What will be the accounting treatment?

[3.2] Final Accounts of Sole Proprietorship
Chapter: [3.2] Final Accounts of Sole Proprietorship
Concept: undefined >> undefined

Differentiate between E-Commerce and Traditional commerce. State any five points.

[2.4] E-commerce
Chapter: [2.4] E-commerce
Concept: undefined >> undefined

Which one of the following is a stakeholder often contrasted against?

[1] Stakeholders in Commercial Organisations
Chapter: [1] Stakeholders in Commercial Organisations
Concept: undefined >> undefined

In context of shareholders, which of the following statements are true?

[1] Stakeholders in Commercial Organisations
Chapter: [1] Stakeholders in Commercial Organisations
Concept: undefined >> undefined

Distinguish between 'stakeholders' and 'shareholders'.

[1] Stakeholders in Commercial Organisations
Chapter: [1] Stakeholders in Commercial Organisations
Concept: undefined >> undefined

Which of the following is the feature of the marketing?

[2.1] Marketing and Sales
Chapter: [2.1] Marketing and Sales
Concept: undefined >> undefined

The ultimate aim of the marketing is to provide ______.

[2.1] Marketing and Sales
Chapter: [2.1] Marketing and Sales
Concept: undefined >> undefined

A typical factory overhead cost is ______.

[3.3] Fundamental Concept of Cost
Chapter: [3.3] Fundamental Concept of Cost
Concept: undefined >> undefined

______ means amount spent on production or to provide services.

[3.3] Fundamental Concept of Cost
Chapter: [3.3] Fundamental Concept of Cost
Concept: undefined >> undefined

To control costs, it is essential to keep control on ______.

[3.3] Fundamental Concept of Cost
Chapter: [3.3] Fundamental Concept of Cost
Concept: undefined >> undefined

Which of the following is overhead cost?

[3.3] Fundamental Concept of Cost
Chapter: [3.3] Fundamental Concept of Cost
Concept: undefined >> undefined
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