Telangana State Board of Intermediate Education, Hyderabad

MODEL QUESTION PAPER

(w.e.f. 2019-20)
COMMERCE - First Year

Time : 3 hrs Max Marks : 100

PART - I (50 Marks)

Section A
Answer any TWO of the following questions in not exceeding 40 lines each. 2x10 = 20
1. Define a partnership firm and explain the features of it..
2. Explain about memorandum of Association and the clauses of it.
3. Define ‘Debenture’ and write about various types of debentures.

Section B
Answer any FOUR of the following questions in not exceeding 20 lines each. 4x5 = 20
4. Discuss about various types of Industries.
5. Explain any five principles of a cooperative society.
6. Draw any five differences between a Public Company and a Private Limited Company.
7. Define Business finance and explain the significance of it.
8. Write a brief note on multinational corporations.
9. Define e-business and explain its scope.

Section C
Answer any FIVE of the following questions in not exceeding 5 lines each. 15x2 = 30
10. Business
11. Insurance
12. ‘Day at hyga Principle’
13. Minor partner
14. What is a Government Company?
15. Prospectus
16. Explain retained earnings
17. Medium enterprise.
 PART - II (50 Marks)

Section D
Answer the following question in not exceeding 40 lines each. 1x20 = 20
18 From the following Trail Balance of Maanas Prepare trading & Profit and loss a/c for the
year ended 31st December 2012 and Blanace sheet as on that date.
Trial Balanace as on 31-12-2012
Debit Balances Rs. Credit Balances Rs.
Purchases 90,000 Sales 1,45,000
Returns 2,000 Returns 2,000
Cash in Hand 5,000 Commission 3,000
Cash at Bank 8,000 Capital 56,000
Debtors 20,500 Creditors 40,000
Furniture 13,000
Machinery 25,000
Opening stock 15,000
Rent 4,500
Wages 11,000
Insurance 1,000
Carriage outwards 2,000
Travelling expenses 1,000
Bills receivable 34,000
Salaries 8,000
Drawings 6,000
---------- ----------
2,46,000 2,46,000
======= =======

Adjustments: 1. Closing stock stock Rs.32,000

2. Write off Bad debts Rs.500
3. Provide 5/- provision for Doubtful debts
4. Outstanding wages Rs.1,000
5. Provide Depreciation on furniture 10% and on Machinery 10%
 Section E
Answer any ONE of the following questions 1 x 10 = 10
19. Prepare three column cash book of Renish from the following particulars.

2012 March
1 th Cash in Hand Rs.25000
Cash at Bank Rs.10000
3rd Purchases Rs.1000
5 th Sold goods for cash Rs10000
6 th Paid cash to Sailu Rs.675
and discount received Rs.25
10th Deposited cash in to Bank Rs.2000
14th Received cash from Suchi Rs.850
and discount allowed Rs.150
18th Received cheque from Kiran Rs.1500
and deposited the cheque in the Bank on the same day
26th Paid rent by cheque Rs.1000
31st Received Commission Rs.500

20. On 31-12-2012 Mr. Sarath Kumar’s bank balance as per pass book Rs.6000. There is dis
agreement between cash book and pass book balance. Prepare Bank reconciliation statement
by considering following transactions:
a) Cheque deposited for collection, but not yet realised Rs.1200
b) Cheque issued but not yet presented for Payment Rs.2000
c) Bank charges debited in pass book only Rs.90
d) Bank paid insurance as per standing orders Rs.400
e) Directly deposited by a customer in to bank Rs.3000
f) Interest credited in pass book only Rs.120
 Section F
Answer any TWO of the following questions 2 x 5 = 10
21. Explin any five advantages of Book keeping
22. Prepare X & Co., from the following transactions
2012 June
1st Amount due to X & Co Rs.4000
rd
2 Goods purchased from X & Co Rs.10000
5th Cash paid to X & Co. Rs.4,000
9th Goods returned to X & co. Rs.500
14th Paid to X & Co. by cheque Rs.5000
21st Cash purchases from X & co Rs.2000

23. Enter the following transactions in the proper Subsidiary Books

2012 Nov
1st Purchases from Sarasu Rs.3000
2nd Purchased goods from Kittu Rs.4000
3rd Sold goods to Pavani Rs.5000
4th Sold goods to Ramanji Rs.1500
5th Purchased from Srinivas Rs.2000
6th Sold goods for cash to Rohithia Rs.1500

24. Explain about various types of Errors

Section G
Answer any FIVE of the following questions 5 x 2 = 10
25. Debtors
26. Suspense a/c
27. Outstanding expenses
28. Mension the rule of Debit and Credit of Real a/c
29. Contra entry
30. Journalise the following transactions
Nov
1 st Started business with Cash Rs.1000
4 th Paid wages Rs.10000
6 th Goods purchased from sushmitha Rs.3000
8 th Sold goods for cash Rs.3000
31. Write opening entries from the following
Cash in hand Rs.1000
Cash at Bank Rs.3000
Debtors Rs.10000
Creditors Rs.5000
Buildings Rs.20000
Bills payable Rs.5000
Furniture Rs.6000
32. Prepare Trial Balance from the following particulars as on 31-12-2012
Rs.
Bills Payable 3000
Purchases 5000
Sales 10000
Sales returns 2000
Purchase returns 1000
Furniture 15000
Bills receivable 4000
Capital 12000
 Telangana State Board of Intermediate Education, Hyderabad
SYLLABUS
(w.e.f. 2019-20)
COMMERCE - I
UNIT – I: EVOLUTION AND FUNDAMENTALS OF BUSINESS
Introduction to Business : History of commerce in India – Classification of human
activities; economic and non-economic – Types of economic activities; Business –
Profession & employment – Concept – meaning – features – objectives; corporate
social responsibility of business
Business Activities : Concept of Industry and Commerce – Hindrances involved in
Commerce - Branches of Commerce – interrelationship between industry, trade and
commerce – distinction between industry, trade and commerce
UNIT – II: FORMS OF BUSINESS ORGANIZATIONS
Concept and Meaning of business organization – forms of business organization.
Sole Proprietorship: Meaning and definitions – features – advantages and
disadvantages of Sole proprietorship.
Joint Hindu Family Business and Co-operative Societies : Meaning – features –
advantages and disadvantages of Joint Hindu Family Business; Co-operative societies
– Meaning – definition - feature and types – advantages and disadvantages of co-
operative societies.
Partnership Firm : Meaning and definition – features of Partnership firm – Types of
partners – advantages and disadvantages of partnership firm – Limited liability
partnership firm – Registration of partnership firm – partnership deed – Rights and
duties of partners – dissolution of partnership firm.
Joint Stock Company : Meaning and Definition of a Company as per companies Act –
2013 – features and classification of joint stock companies – Differences between
private company and public company – Advantages and disadvantages of joint stock
companies.
UNIT – III: FORMATION OF COMPANY AS PER COMPANIES ACT-2013
Formation of Company : Formation of a Company - Steps in formation of a company
– promotion – functions of promoters – types of promoters – incorporation or
registration of a company – Capital subscription - commencement of business –
memorandum of association – articles of association – prospectus – minimum
subscription and certificate of commencement of business.
UNIT – IV: SOURCES OF BUSINESS FINANCE
Meaning of Business Finance – Nature and need – significance of Business Finance
Classification of Sources of funds – Factors determining the choice of source of finance.
Non- Institutional Sources of finance – Institutional Sources of Finance and
International sources of fiancé.
UNIT – V: MSME’S and MNCs
MSME’s: Meaning and definition of enterprise and MSMEs – Registration requirements
under MSMED Act, 2006 – significance of MSMEs – Privileges offered to MSMEs –
other promotional measures for MSMEs.
MNCs : Meaning and definition – necessity of globalization – MNCs – Features –
Advantages and Disadvantages of MNCs.
Emerging Trends in Business : Meaning and Definition of E – business – Scope of
E-business – Benefits of E-business – Opportunities and challenges of business in21st
century.

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