Arts (English Medium) Class 12 - CBSE Question Bank Solutions

From the following information, calculate Change in Inventory of Stock-in-Trade: Opening and Closing Stock-in-Trade ₹5,00,000 and ₹4,00,000 respectively.

From the following information of Hospitality Ltd. for the year ended 31st March, 2018, calculate amount that will be shown in the Note to Accounts on Changes in inventiories of Finished Goods, WIP  and stock-in-Trade:

From the following information compute the amount to be shown in Note to Accounts on Employees Benefit Expenses: Wages ₹ 5,40,000; Salaries ₹ 7,20,000; bonus ₹ 1,05,000; Staff Welfare Expenses ₹ 60,000 and Business Promotion Expenses ₹ 50,000.

Out of the Following, identify the items that are shown in the Note to Accounts on Finance Costs:
(i) Interest paid on Borrowing from prince Finance Ltd.;
(ii) Interest paid on Term Loan to Bank;
(iii) Interest paid on Public Deposits;
(iv) Loss on Issue of Debentures Written off; and
(v) Bank Charges.

Under which line item (major head) of the Statement of Profit and Loss of non-financial company will the following be shown:
(i) Sale of Goods;

(ii) Revenue from Services Rendered;

(iii) Interest Earned;

(iv) Gain (Profit) on Sale of Assets;

(v) Purchases of Stock-in-Trade;

(vi) Salaries and Wages;

(vii) Interest paid to Bank;

(viii) Carriage Outward?

Under which line item (major head) of the Statement of Profit and Loss of a financial company will the following be shown:
(i) Interest on Loans Given:

(ii) Gain (Profit) on Sale of Securities;

(iii) Loss on Sale of Fixed Assets;

(iv) Interest paid on Deposits;

(v) Depreciation on Computers;

(vi) Goodwill Written off;

(vii) Commission paid for Deposit Mobilisation; and

(viii) Repairs Expenses?

Differentiate between formal and informal organisations on the basis of

1. origin,
2. authority, and
3. flow of communication.

Select the correct option and rewrite the sentence.
Literacy level is an aspect of __________ environment.

Explain significance of principles of management.

Which is not an organisational/economic objective of management out of the following?

The following is not an objective of management.

The principles of management are significant because of ______.

Planning leads to rigidity is a:

Which of the following is a limitation of planning?

Which of the following statements is not true with reference to planning?

Planning cannot foresee everything, and thus, there may be obstacles to effective planning. Identify the related limitation of planning.

It is not always true that just because a plan has worked before it will work again. Identify the related limitation of planning.

Which of the following best indicates the importance of business environment?

Which organisation structure is consciously or deliberately established?

Which organisation structure is based on rules and procedures?