Jharkhand Board Sample Paper
Subject - Commerce
Class X

General Instruction:

Candidates are required to give their answers in their own words as far as practicable.

Answer all the questions of any one Group either from Group-A or from Group-B.

Marks are shown in the margin against each question.

Answers of the questions must be in the context of the instructions given therein.

Do all rough work only on the last page of the Question-cum-Answer Booklet and nowhere else.

GROUP – A                  ( Elements of Business )

1. Fill in the blank :                  2 x 6 = 12

     (a) The office is the ……………… of the body of the business enterprise.    ( brain, blood )

     (b) The main quality of a good business letter is ……………………… .             ( courtesy, discourtesy )

     (c) Post Office Savings Bank is also found in the ……………… of the village.  ( Post Office, Bank )

     (d) Letter of credit is mostly written by the …………………… .                       ( Bank, Customer )

     (f) A Bill of Exchange has …………………… parties.                                         ( three, four )

     (g) A Bill of Exchange is written by ………………… .                                       ( Debtor, Creditor )

2. How is a record of incoming letters kept ? ( Answer in 100 words )4

3. Describe any three advantages of Bill of Exchange. ( Answer in 100 words ) 4

4. What is filing ? Why is it necessary ? ( Answer in 150 words ) 6

5. “Commercial correspondence is the oxygen of business.” Explain. ( Answer in 150 words ) 6

6. Define bank and discuss its advantages. ( Answer in 150 words ) 6

7. What are the points which a bank must keep in mind while making payment of cheque ? ( Answer in 150 words ) 6

8. What is a business office ? What are its main functions ? ( Answer in 175 words ) 8

9. Discuss the advantages of bank. ( Answer in 200 words ) 12

10. Write short notes on : Traveller’s cheque and Treasury Bill. ( Answer in 200 words ) 12

11. Explain the advantages of Bill of Exchange. ( Answer in 200 words ) 12

12. Draw an imaginary business letter showing all its essential parts. ( Answer in 200 words ) 12

GROUP – B         ( Elements of Book-keeping and Accountancy )

13. Fill in the blank :
     (a) Goodwill is ………………… . ( an asset, a liability )

     (b) The copy of the account as maintained by the bank and given to customer is called …………………… . ( Pass Book, Cheque Book )

     (c) A Bill of Exchange is a ………………… instrument. ( negotiable, non-negotiable )

     (d) Undercasting of Sales Book is corrected by ………………… . ( debiting Sales Book, crediting Sales Book )

     (e) ………………… is gradual deterioration in the value of asset due to use. ( Depreciation, Reserve )

14. Explain Days of grace. ( Answer in 50 words )                                                   2

15. What is a Promissory Note ? ( Answer in 50 words )                                                2

16. What is a Bank Reconciliation Statement ? ( Answer in 50 words)                             2

17. Is it necessary for every business to maintain provision for depreciation ? ( Answer in 50 words )                             2

18. What are the characteristics of a Bill of Exchange ? ( Answer in 100 words )              4

19. What are the different causes of depreciation ? ( Answer in 100 words )               4

20. Mention the names of three factors affecting the amount of depreciation. ( Answer in 150 words )                       6

21. Explain the meaning of depreciation. ( Answer in 150 words )                          6

22. What is Bank Reconciliation Statement ? ( Answer in 150 words )                    6

23. What do you mean by errors ? ( Answer in 175 words )                                    8

24. What do you mean by the plus balance and minus balance ? ( Answer in 200 words )                                         10

25. Explain five errors regarding withdrawal by the proprietor of the business. ( Answer in 200 words )               10

26. On 1st January, 2006, Anurag drew a bill of Rs. 4,000 on Harshit for 2 months. Harshit accepted the same and gave to Anurag. On the due date the bill was paid. Pass Journal entries in the books of Anurag and Harshit.                       10

27. From the following balances, prepare final accounts of M/s Mangal & Sons for the year ending 31st March, 2006 :                   18

        Particulars Balances                                 Rs.
        Opening Stock                                        12,500
        Bills Receivable                                         2,000
        Sales                                                        70,000
        Purchases                                                37,500
        Creditors                                                  20,000
        Salaries                                                      3,850
        Insurance                                                      200
        Debtors                                                    32,500
        Carriage                                                      1,450
        Commission Dr.                                              750
        Interest Dr.                                                   900
        Printing                                                         250
        Bills Payable                                               3,150
        Returns Inward                                          1,300
        Returns Outward                                           500
        Bank                                                           5,250
        Rent and Taxes                                          1,300
        Furniture                                                   1,000
        Capital                                                       7,100
        Closing Stock                                            15,000

source:jac.nic.in