w4TARGSG

1. Holiday Homework 2023-24
XII-COMMERCE
1. ACCOUNTANCY
Complete the scanner questions (given at the back of T.S.Grewal) of Chapter 2 to 4.
Q1. Why is the General Reserve distributed among old partners before a new partner is
admitted?
Q2. Differentiate between Average profit and Super profit.
Q3. A and B share profits and losses in the ratio of 4 : 3. They admit C with 3/7th
share,
which he gets 2/7th
from A and 1/7th
from B. What is the new profit sharing ratio?
Q4. Give two circumstances under which the Fixed Capitals of partners may change.
Q5. R, S and T entered into a partnership for manufacturing and distributing educational CDs
on April 1, 2006. R looked after the business development, S content development and T
financed the project. At the end of the year, S wanted 50% share in profit for the intellectual
work he did. The other partners were not inclined to this. How would you resolve this on the
basis of the provisions of Indian Partnership Act, 1932?
Q6. The partnership deed provides that Alok, the partner, will get Rs.10,000 per month as
salary. But, the remaining partners object to it. How will this matter be resolved?
Q7. A and B are partners sharing profits in the ratio of 3:2. A surrenders 1/6th
of his share and
B surrenders 1/4th
of his share in favour of C, a new partner. What is the new ratio and the
sacrificing ratio?
Q8. A, B and C are partners sharing in the ratio of 3:2:1. They admit D for 1/6th
share. B
would retain his original share. Calculate new profit sharing ratio.
Q9. X and Y are partners in a firm sharing profits and losses in the ratio of 4:3. On April 1,
2009, they admitted Z as a new partner. Z brought in Rs.80,000 for his capital and Rs.21,000
for 1/3rd
share of goodwill premium. On Z’s admission, goodwill appeared in books at
Rs.28,000. Record necessary journal entries on Z’s admission.
Q10. A, B and C are partners in a firm. Though there is no provision in the partnership deed
for interest on capital, this has been provided in the accounts @ 10% p.a. for two years ended
on 31st
December,2009. Their Fixed capitals on which interest was calculated were throughout
– A Rs.15,000, B Rs.12,000 and C Rs.9,000. Their profit sharing ratio is 2:2:1. Pass necessary
journal entry.
Q11. Ajit and Baljit were sharing profits in the ratio of 3:2. They decided to admit Pratap into
the partnership for 1/6th
share of the future profits. Goodwill, valued at four times the super
profits of the firm, was Rs.18,000. The firm had assets worth Rs.15 Lakhs and Liabilities
Rs.12 Lakhs. The normal earning capacity of such firms is expected to be 10% p.a. Find the
average profits earned by the firm during the last four years.

2. Q12. Prepare partners Capital Accounts for the year ended March 31, 2010:-
(i) Initial Capital introduced on 1st
April, 2008: A –Rs. 30,000; B – Rs. 15,000 and
CRs.20,000.
(ii) Total Drawings during the year: A – Rs.3,000; B – Rs.1,500; and C – Rs.2,000.
(iii) A and B claim a fixed salary of Rs.5,000 p.a. and Rs.6,000 p.a. Respectively( agreed
by all partners).
(iv) C is allowed to claim commission @ 5% on gross sales which areRs.2,20,000.
(v) Share of profit: A – Rs. 4,000; B – Rs.2,000; and C–Rs.2,000.
Q13. Hari, Ravi and Kavi were partners in a firm sharing profits in the ratio of 3:2:1. They
admitted Gargi as a new partner for 1/7th
share in the profits. The new profit sharing ratio will
be 2:2:2:1 respectively. Gargi brought Rs.3,00,000 for her capital and Rs.45,000 for her 1/7th
share of goodwill. Pass necessary journal entries in the books of the firm.
Q14. A firm earns profits of Rs.1,00,000. The Normal rate of return in a similar type of business
is 10%. The value of total assets (excluding Goodwill) and total liabilities as on the date of
valuation of goodwill are Rs.12,00,000 and Rs.3,80,000 respectively. Calculate the value of
goodwill according to capitalization of superprofitmethod.
Q15. X, Y and Z are in partnership sharing profits and losses in the ratio of 5:4:1. Two new
partners R and S join the firm. The profits are now to be shared in the ratio of 3:4:2:2:1
respectively. R is to pay Rs.30,000 for his share of goodwill and S has insufficient cash to pay
for goodwill. Both new partners introduced Rs.1,00,000 each as their capital. You are required
to pass necessary journal entries.
Q16. Ashok and Rajesh are partners sharing profits in the ratio of 7:3. Their capitals on 1st
January,2008 were Rs.80,000 and Rs.60,000 respectively. They admitted Vijay into
partnership on that date giving him a 1/5th
share in the future profits, which he acquired equally
from Ashok and Rajesh. Vijay is to bring in Rs.50,000 as his share of capital. Find new profit
sharing ratio and record necessary journal entries.
Q17. X, Y and Z are partners in a firm sharing profits and losses in the ratio of 5:3:2. Their
fixed capitals were Rs.3,00,000, Rs.2,00,000 and rs.1,00,000 respectively. For the year 2008-
09 interest on capital was credited to them @ 10% p.a. instead of 8%. Pass necessary
adjustment entry.
Q18. P,Q and R are partners in a firm. Their capital accounts stood at Rs.30,000, Rs.15,000
and Rs.15,000 respectively on 1st
January, 2009. As per the provisions of the deed:-
(i) R was to be allowed a remuneration of Rs.3,000 p.a.;
(ii) Interest @ 5 % p.a. was to be provided on capital;
(iii) Profits were to be divided in 2:2:1.
Ignoring the above terms, net profit of Rs.18,000 for the year ended December 31, 2009 was
divided among the three partners equally. Pass an adjustment entry.
Q19. X and Y started a partnership business on 1st
April, 2009. They contributed Rs.80,000
and Rs.60,000 respectively as their capitals. The terms of the partnership agreement are as
follows:
(i) 20% of profits (before any appropriations) is to be transferred to General Reserve.
(ii) Interest on capital @ 12% p.a. and interest on drawings @ 10%p.a.
(iii) X and Y to get a monthly salary of Rs.2,000 and Rs.3,000respectively.

3. (iv) X is entitled to a commission ofRs.7,000.
(v) Profits and losses are to be shared in capital ratio.
Profit for the year ended 31st
March, 2010, before making above appropriations was
Rs.1,25,375. The drawings of X and Y were Rs.40,000 and Rs.50,000respectively.Prepare
Profit and loss Appropriation A/c.
Q20. Usha and Asha are in partnership in the ratio 3 : 2. Neelam is admitted into partnership
giving her 1/5th
share in profits. Neelam is to bring in Rs.30,000 as her capital and her share
of goodwill in cash subject to the following terms:-
(i) Goodwill of the firm is valued at Rs.50,000.
(ii) Stock is to be reduced by Rs.3,000 and Provision for Bad Debts is to be reduced by
Rs.2,400.
(iii) There was a claim against the firm for damages amounting to Rs.2,000. The claim has
now been accepted.
Pass necessary journal entries.
2. BUSINESS STUDIES
Prepare project file as per CBSE guidelines:-
Topic 1: Project on elements of business environment for class 12
Students are supposed to pick in any one element of the following:
1. Changes witnessed over the last few years on mode of packaging and its economic impact
• The changes in transportation of fruits and vegetables such as cardboard crates being used
in place of wooden crates, etc. Reasons for above changes.
• Milk being supplied in glass bottles, later in plastic bags and now in tetra-pack and
through vending machines.
• Plastic furniture [doors and stools] gaining preference over wooden furniture.
• The origin of cardboard and the various stages of changes and growth.
• Brown paper bags packing to recycled paper bags to plastic bags and cloth bags.
• Re use of packaging [bottles, jars and tins] to attract customers for their products.
• The concept of pyramid packaging for milk.
• Cost being borne by the consumer/manufacturer.
• Packaging used as means of advertisements.
2.The reasons behind changes in the following:
• Coca – Cola and Fanta in the seventies to Thumbs up and Campa Cola in the eighties to
Pepsi and Coke in nineties.
o The students may be required to enquire about:
o Reasons of stopping the manufacturing of the above mentioned drinks in India THEN.
o The introduction of Thums up and Campa cola range.
o Re-entry of Coke and introduction of Pepsi in the Indian market.
o Factors responsible for the change.
o Other linkages with the above.
o Leading brands and the company having the highest market share.

4. o Different local brands venturing in the Indian market.
o The rating of the above brands in the market.
o The survival and reasons of failure in competition with the international brands.
o Other observations made by the students
3. Changing role of the women in the past 25 years relating to joint families, nuclear families,
women as a bread earner of the family, changes in the requirement trend of mixers, washing
machines, micro wave and standard of living.
4. The changes in the pattern of import and export of different products.
5. The trend in the changing interest rates and their effect on savings.
6. A study on child labour laws, its implementation and consequences.
7. The state of ‘anti plastic campaign,’ the law, its effects and implementation.
8. The laws of mining /setting up of industries, rules and regulations, licenses required for
running that business.
9. Social factors affecting acceptance and rejection of an identified product. (Dish washer, Atta
maker, etc.)
10. What has the effect of change in environment on the types of goods and services?
The students can take examples like:
• Washing machines, micro waves, mixers and grinder.
• Need for crèche, day care center for young and old.
• Ready to eat food, eating food outside, and tiffin centers.
11. Change in the man-machine ratio with technological advances resulting in change of cost
structure.
12. Effect of changes in technological environment on the behavior of employee.
Topic 2: Principles of Management Project Class 12
The students are required to visit any one of the following:
• A departmental store.
• An Industrial unit.
• A fast food outlet.
• Any other organization approved by the teacher.
They are required to observe the application of the general principles of management advocated
by Fayol. Fayol’s principles:
• Division of work.
• Unity of command.
• Unity of direction.
• Scalar chain
• Espirit de corps
• Fair remuneration to all.

5. • Order.
• Equity.
• Discipline
• Subordination of individual interest to general interest.
• Initiative.
• Centralization and decentralization.
• Stability of tenure.
OR
They may enquire into the application of scientific management techniques by F.W. Taylor in
the unit visited. Scientific techniques of management:
• Functional foremanship.
• Standardization and simplification of work.
• Method study.
• Motion Study.
• Time Study.
• Fatigue Study
• Differential piece rate plan.
Topic 3: Stock Exchange Project for Class 12 CBSE
The students are expected to:
• Develop a brief report on History of Stock Exchanges in India.
• Prepare a list of at least 25 companies listed on a Stock Exchange.
• To make an imaginary portfolio totaling a sum of INR 50,000 equally in any of the 5
companies of their choice listed above over a period of twenty working days.
The students may be required to report the prices of the stocks on daily basis and present it
diagrammatically on the graph paper. During this period of recording students are supposed to
distinctively record the daily and starting and closing prices of the week other days under the
negotiable instrument act so that they acquire knowledge about closing and opening prices.
The students may conclude by identifying the causes in the fluctuations of prices. The students
are expected to find the value of their investments and accordingly rearrange their portfolio.
The project work should cover the following aspects;
• Graphical presentation of the share prices of different companies on different dates.
• Change in market value of shares due to change of seasons, festivals, natural and human
disasters.
• Change in market value of shares due to change in political environment/ policies of
various countries/crisis in developed countries or any other reasons
• Identify the top ten companies out of the 25 selected on the basis of their market value of
shares. (It does not matter if they have made profits or losses.)
Topic 4: Marketing project topics for class 12

6. To begin with, the students must choose a product/service. The chosen product/service should
not be one whose consumption/use is discouraged by the society and government.
Now the students are required to make a project on the identified product/service keeping in
mind the following:
• Why have they selected this product/service?
• Find out ‘5’ competitive brands that exist in the market.
• What permission and licenses would be required to make the product?
• What are your competitors Unique Selling Proposition? [U.S.P.]
• Does your product have any range give details?
• What is the name of your product?
• Enlist its features.
• Draw the ‘Label’ of your product.
• Draw a logo for your product.
• Draft a tag line.
• What is the selling price of your competitor’s product?
o Selling price to consumer
o Selling price to retailer
o Selling price to wholesaler
o What is the profit margin in percentage to the Manufacturer, Wholesaler, and Retailer?
o How will your product be packaged?
o Which channel of distribution are you going to use? Give reasons for selection?
o Decisions related to warehousing, state reasons.
o What is going to be your selling price?
▪ To consumer
▪ To retailer
▪ To wholesaler
▪ List 5 ways of promoting your product.
▪ Any schemes for
▪ The wholesaler
▪ The retailer
▪ The consumer
▪ What is going to be your ‘U.S.P?
▪ What means of transport you will use and why?
▪ Draft a social message for your label.
▪ What cost effective techniques will you follow for your product.
▪ What cost effective techniques will you follow for your promotion plan.
Presentation Tips for Business studies project for class 12 CBSE
At the end of the stipulated term, each student will prepare and submit his/her project report.
Following essentials are required to be fulfilled for its preparation and submission.
1. The total length of the project will be of 25 to 30 pages.
2. The project should be handwritten.

7. 3. The project should be presented in a neat folder.
3. ECONOMICS
The topics for the Project are:-
1 . Roll no. 1 to 5 : National income of India
2 . Roll no. 6 to 10 : Make in India
3 . Roll no. 11 to 15 : Demonetisation
4 . Roll no. 16 to 20 : Digital movement in India
5 . Roll no. 21 to 23 : COVID 19 and it's impact on Indian economy
Guidelines for the Project :
1. Introduction of the Topic
2. Details of the Topic
3. Pros and Cons of the related Topic
4. Effect, relation or criticism of the topics
5. Conclusion
6. Bibliography
Note:
a. Pages should be within 35 to 40
b. Diagrams and Pictures on the left side of the page ( ie PLAIN SIDE )
c. Material should be handwritten and on the right side of the Page ( ie LINED SIDE )
d. Headings can be written by using any other coloured pen except Red pen
e. Starting pages and Index will be shared in class group.
f. Material should be written by using blue pen only.
g. Do the numbering on all pages with pencil and bring it in a folder for checking after vacation.
h. Complete the project in these vacations only so that your 20 marks will be covered.
4. English

8. Make a beautiful project based on any of the poem prose of your text books (Vistas and
Flamingo).
Art Integration Project
Make a beautiful and informative project based on any of the poem or prose of your text books
( Vistas and Flamingo)
Instructions
Pick up any chapter and collect information about its characters, plot, theme .setting and the
author or the poet.
It Should be kept in a beautiful abd creative folder based on the chapter.
It should have
First page as Title Page
Second page as Index
Third page as acknowledgement
Rest chapter based information
It should have impressive creative expression
The children have to use pictures and can draw pictures to make it more colorful and
presentable!!!!
5. PHYSICAL EDUCATION
Complete practical files.
Complete practical file.
Practical 1- Labelled diagram of 400 m athletic track, Introduction, history, start finish, any
one throw, any one jump, with all the stick diagrams.
Practical 2 -Fitness test administration SAI khelo India, junior and senior fitness test with all
the diagrams made by hands only.
Practical 3- Labelled diagram & explain of any one game of your choice out of the cricket,
volleyball and football, with all the ground dimensions.
Practical 4 -Yoga Asana three each for lifestyle diseases, back pain, hypertension, diabetes,
asthma,obesity pictorial presentation with stick diagrams ,meaning procedure benefits and
contradictions.