Approach a nearby bank and collect information about various services offered by them and also collect leaflets about salient features of different schemes. Compile and suggest what extra services you may like to propose.
Que. Which type of enterprise is being discussed here?
suspense account. Later on he detects the following errors. Rectify these and prepare the
Suspense Account:
1. Goods purchased from Ram 700 was passed through sales book.
2. Returned goods to Shyam 1,500 was passed through returns inward book.
3. An Item of 450 relating to prepaid rent account was omitted to be brought forward.
4. An Item of 120 in respect of purchase returns, instead of being recorded in Returns outward
book has been wrongly entered in the purchase book and posted there from to the debit of
Personal A/c.
5. Amount payable to Subhash for repairs done to radio 180 and a new radio supplied for 1,920,
n2
n 28
were entered in the Purchase book as 2,000
Give full narrations for rectifying journal entries. Which of the above errors affected the agreement
of Trial Balance?
expectations the people, in general, had from them. To know this, they made a survey. In the
survey about 150 such people were included who could be their possible customers. From the
survey they came to know that mainly people wanted that, they should control the
fluctuations in the market and they should simplify the availability of goods.
What sort of business in your view is being done by Bindu and Rekha-Wholesale trade or
retail trade? Also, explain how from your answer the expectations of the people will be
fulfiled.
Approach a nearby bank and collect information about various services offered by them and also collect leaflets about salient features of different schemes. Compile and suggest what extra services you may like to propose.
relate. For example, Apples from Himachal Pradesh, Kashmir.• Oranges from Nagpur,•
Mangoes from Maharashtra/U.P./Bihar/Andhra Pradesh etc.• Strawberries from
Panchgani,• Aloe vera from Rajasthan,• Walnuts/almonds from Kashmir,• Jackfruit
from South,• Guavas from Allahabad,• Pineapples from North East India,• Tea from
Assam,• Orchids from Sikkim and Meghalaya,• Pottery of Manipur,• Fishes from
coastal areas.
Students may develop a Case Study on the following lines:
(i) Research for change in price of the product. For example, apples in Himachal
Pradesh during plucking and non plucking season.
(ii) Effect on prices in the absence of effective transport system.
(iii) Effect on prices in the absence of suitable warehouse facilities.
(iv) Duties performed by the warehouses.
(v) Demand and supply situation of the product during harvesting season, prices near
the place of origin and away.
Students are motivated to find out the importance of producing and selling these
products and their processed items along with the roles of Transport,
Warehousing, Advertising, Banking, Insurance, Packaging, Wholesale selling,
Retailing, Co-operative farming, Co-operative marketing etc.
Q.15. Categories the following into business, profession and employment
(i) A farmer
(ii) An advocate
(iii) A clerk
(iv) A hawker selling toys for children
(v) A doctor
(vi) A person repairing scooter on roadside
put the difference in a suspense account. Subsequently, he located the following errors in his books of
account:
(1) The total of the returns outwards book, 21,500 has not been posted
(ii) A sale of 4,300 to Ramesh has been credited to him as 3,400.
(iii) A sale of 2,960 to Shyam has been recorded in sales book as 2,690.
(iv) Old furniture sold for cash worth 5,400 has been entered in sales account as 4,500. There was no
profit or loss on sale.
(v) Goods taken by proprietor worth 1,000 have not been recorded in the books of account at all.
Pass journal entries of rectify the above mentioned errors and prepare suspense account assuming no
error has remained undetected.
reputed business school at Mumbai, were discussing about the type of
organisation they would like to join. Rajat was very clear that he would like to
take up a government job as it gives stability about the future income and work
which will help him to work with greater zeal. It will also provide him pension
when he will retire from his service. Raman wanted to work in a company, which
has appropriate skill development plans for its employees and helps the
employees to grow to higher levels in the organisation. In addition to this, the
company should also provide facilities like housing, medical aid, etc. Ansh said
that he would prefer to work in an organisation, which has the culture of
individual autonomy, is considerate to employees and provides the employees
with opportunity for personal growth and a meaningful work experience.
(a) Identify the various financial and non-financial incentives discussed by the
three friends in the above conversation.
(b) Explain three other non-financial incentives which were not discussed by any
one of them .