PRAGATI PUBLIC SCHOOL

CLASS : XII

SESSION : 2019-20

Holidays are always a welcome break from the normal routine and we all look forward to them. It gives us the opportunity to pursue all those activities that we enjoy but never found enough time to indulge in. So encourage yourself to take up a hobby, a sport or learn an instrument in these vacations. Urge yourself to read as “Books are our Best Friends”. Take membership of a library so that youlearns to enjoy the company of good books.Another important aspect of a child’s overall development is directly related to the values that he/she embodies. No education can be complete without inculcating values. In today’s materialistic world value system seems to have been relegated to the background. Therefore, we would like to encourage you to spend time with your grand parents/ relatives during these holidays to bring clarity on moral and ethical valuesHoliday homework has been designed in such a way that the students will get a chance to inculcate reading habit as well as engage themselves in meaningful pursuits that will enhance their comprehension and reasoning skills along with honing their aesthetic sense.

We wish you a very happy and a fruitful family time during this vacation.

ENGLISH

Q.1 Make notes with suitable abbreviations of the Chapter, The Interview of Umberto Eco.

Q.2 Draw a flow chart of the incidents of the Chapter ‘Evans Tries o-level’ along with the characters and their characteristics.

Q3. Complete the question banks 3,4 and 5.

ACCOUNTANCY

Q- Lavanya and Priya were partners sharing profits in the ratio of 2 : 1. Pass

journal entries for the following transactions at the time of dissolution of firm :

(i) Workmen Compensation Reserve stood at ₹1,50,000 in the Balance Sheet

and there was no

liability towards Workmen Compensation.

(ii) Workmen Compensation Reserve stood at ₹1,50,000 in the Balance Sheet

and liability in respect

of it was ascertained at ₹90,000.

(iii) Workmen Compensation Reserve stood at ₹1,50,000 in the

Balance Sheet and liability in respect

of it was ascertained at ₹1,50,000.

(iv) Workmen Compensation Reserve stood at ₹1,50,000 in the Balance Sheet

and liability in respect

of it was ascertained at ₹2,00,000.

(v) There was no Workmen Compensation Reserve in the Balance Sheet and

firm had to pay

₹40,000 as compensation to the workers.

Q- Pass journal entries for the following transactions :

(i) Realisation expenses amounted to ₹5,000.

(ii) Realisation expenses amounted to ₹8,000 were paid by partner X.

(iii) Realisation expenses amounted to ₹10,000 were paid by the firm

on behalf of a partner.

(iv) Realisation expenses amounted to ₹15,000 were paid by the firm. Mr. X,

one of the partners, has

to bear these expenses.

(v) Realisation expenses amounted to ₹20,000 were paid by the firm. ₹8,000

were to be borne by the firm and the balance by Maruti, a partner.

(vi) Dissolution expenses amounted to ₹20,000. ₹8,000 were to be borne by

the firm and the balance

by Maruti, a partner. The expenses were paid by Maruti.

(vii) Sudhir, a partner, was allowed a remuneration of ₹10,000 to carry out dissolution of the firm. He

was to bear all expenses of realisation which amounted to ₹16,000 were paid by the firm.

(viii) Ravi, a partner, is allowed a remuneration of ₹15,000 for dissolution work and is to bear all

expenses of realisation which amounted to ₹5,000 were paid by the firm.

(ix) Anil, a partner, is paid remuneration of ₹20,000 for dissolution work. Realisation expenses

amounted to ₹7,500 were paid by the firm.

(x) Sunil, a partner, is paid remuneration of ₹25,000 for dissolution work. Realisation expenses

amounted to ₹9,000 were paid by him.

(xi) Vijay, a partner, paid realization expenses of ₹10,000 and these were to be

borne by him.

Q- Pass necessary journal entries on the dissolution of a partnership firm in the following cases :

(i) Dissolution expenses were ₹800.

(ii) Dissolution expenses ₹800 were paid by Prabhu, a partner.

(iii) Geeta, a partner, was appointed to look after the dissolution work,

for which she was allowed a remuneration of ₹10,000. Geeta agreed to

bear the dissolution expenses. Actual dissolution expenses ₹9,500 were

paid by Geeta.

(iv)Janki, a partner, agreed to look after the dissolution work for a

commission of ₹5,000. Janki agreed to bear the dissolution expenses.

Actual dissolution expenses ₹5,500 were paid by Mohan, another

partner, on behalf of Janki.

(v) A partner, Kavita, agreed to look after dissolution process for a

commission of ₹9,000. She also agreed to bear the dissolution

expenses. Kavita took over furniture of ₹9,000 for her commission.

Furniture had already been transferred to realization account.

(vi)A debtor, Ravinder, for ₹19,000 agreed to pay the dissolution

expenses which were ₹18,000 in full settlement of his debt.

Q- A and B shared profits in the ratio of 3 : 2. Their Balance Sheet as at 31 st March,

2018 was as follows :

Liabilities ₹ Assets ₹

Creditors

Capitals :

A

1,50,000

B

90,000

20,000

2,40,000

Cash at Bank

Debtors

40,000

Less : Provision for

Doubtful Debts

1,800

Stock

Machinery

Land & Buildings

7,000

38,200

54,800

40,000

1,20,000

2,60,000 2,60,000

Partners decide to dissolve the firm on the above date. Assets realized as follows :

-

Stock ₹45,000; Machinery 20% less than book value, Debtors ₹35,000. Land and

Buildings ₹30,000 more than the book value.

Creditors agreed to accept 5% less. Expenses of realization of assets amounted to

₹1,200.

Prepare Journal entries and give necessary accounts.

Q- A, B and C decided to dissolve the partnership firm. The position as at 31 st

March, 2018, the date of dissolution, was as follows :

Liabilities ₹ Assets ₹

Creditors

A’s Loan Account

Capital Accounts :

A

1,00,000

B

50,000

C

5,000

2,75,000

30,000

1,55,000

Furniture

Stock

Debtors

Bills Receivables

Cash

5,000

1,75,000

2,40,000

30,000

10,000

4,60,000 4,60,000

They share profit and losses in the ratio of A : 1/2; B : 3/10 and C : 1/5.

₹20,000 of the debtors proved Bad; the bills receivables were realised in full; the

stock realized ₹1,70,000; Furniture was taken over by B at Book value and the expenses

of Realisation amounted to ₹20,000.

Prepare necessary accounts in the books of the firm.

Q- Diya and Riya were partners sharing profits and losses equally. On 31st March,

2016, the Balance Sheet of the firm was as follows :

BALANCE SHEET as at 31st March,2016

Liabilities ₹ Assets ₹

Sundry Creditors

Riya’s Loan

General Reserve

Investment Fluctuation

Fund

Riya’s Capital

Diya’s Capital

60,000

15,000

15,000

2,000

30,000

10,000

Cash

Debtors

42,000

Less : Provision for

Doubtful Debts

6,000

Stock

Investments

Plant and Machinery

Diya’s Loan

25,000

36,000

12,000

18,000

39,000

2,000

1,32,000 1,32,000

Their firm was dissolved on above date and the assets and liabilities were settled

as follows :

(i) The creditors were paid off by giving them the plant and machinery at

a discount of 10% and the balance in cash.

(ii) Riya’s loan was paid with interest of ₹500.

(iii) Debtors realised 10% less of the amount due from them.

(iv)Stock was taken over by Riya at ₹7,000.

(v) Investments realised 80% of their book value.

(vi)Realisation expenses ₹600 were paid by Diya.

You are required to prepare :

(a) Realisation Account.

(b) Riya’s Loan Account and Diya’s Loan Account

(c) Capital Accounts, and

(d) Bank Account.

Q- X,Y and Z were partners in a firm sharing profits and losses in the ratio of 3 : 2 :

1. Following was the Balance Sheet at the date of dissolution :

Liabilities ₹ Assets ₹

Creditors

Mrs. X’s Loan

X’s Loan

Workmen Compensation

Reserve

Investment Fluctuation

Fund

Capital Accounts :

X

Y

Z

18,500

5,000

8,000

30,000

7,500

60,000

56,000

40,000

Bank balance

Debtors

15,000

Less : Provision

1,000

Stock

Investments

Plant

Goodwill

1,000

14,000

80,000

20,000

75,000

35,000

2,25,000 2,25,000

Following transactions took place :

I. X took over the investments at 25% more than the book value.

II. Y took over debtors amounting to ₹5,000 at ₹4,000. Remaining debtors

realised75% of their book value.

III. Stock is sold for ₹59,000 and plant is sold for ₹40,000.

IV. Expenses of realisation amounted to ₹1,000.it was also found that there is

a liability for ₹8,000 for damages, which also had to be paid. Prepare

necessary accounts.

BUSINESS STUDIES

PROJECT WORK

• Students are required to select any ONE Topics for the entire year.• At the end of the stipulated term, each student will prepare and submit his/her

project report.• The projects will be returned after evaluation. The school may keep the best

projects• Following essentials are required to be fulfilled for its preparation and

submission.• The total length of the project will be of 25 to 30 pages.• The project should be handwritten.• The project should be presented in a neat folder.• The project report should be developed in the following sequence:

o Cover page o Title pageo Certificate of Authenticity o Indexo Acknowledgements o Prefaceo Introductiono Planning and activities done during the projecto Observations and findingso Conclusionso Learning from project o Appendixo Teacher‘s Observations

Final Presentation of the Project Report

1. Cover page or Title page 6. Planning and activities done during the project2. List of Contents or Index 7. Observations and findings3. Acknowledgements 8. Conclusions4. Preface 9. Appendix5. Introduction 10. Teacher‘s Observations

1.Cover page

• Design an attractive cover that should include the following information:• Title of the Project• Student Information:

i. Name:

ii. School:

iii. Year:

iv. Roll No:2. List of Contents or Index:

• Write or Print the Index in the above order

3. Acknowledgements

I, , do hereby declare that this project is my original work and

I would like to thank , my Business Studies teacher, for

her/his wholehearted support and guidance for making it possible to complete this project on time. I would also like to thank CBSE for giving us an opportunity to widen our knowledge base by introducing this topic of study and my school for giving us this subject option.

I would also like to thank my friends and family members for their kind support and guidance without which this project could not have been completed.

(Acknowledge the institutions, the places visited and the persons who have helped)

4. Preface

One page containing in a concise manner, the details about the entire project. Any person who wants to know about your project should be able to understand it on reading the Preface. You are required to give either of the following details:

• One page containing in a concise manner, the details about the entire project. Any person who wants to know about your project should be able to understand it on reading the Preface. You are required to give the following details:

• Example:

o Name of Project: Element of Marketing Mix. o Problem Statement / Objective Of Project: The objective of the project is to develop a detailed marketing plan for

introducing and covering the aspects of

Product, Price, Place and Promotion.

5.Introduction

• Give the following information:• Give in about 3 to 4 pages:• Why have you selected this project• What did you expect to find out

a. For Example,

i. Give an introduction of Marketing and

ii. Give details about the 4 P‘s of marketing Mix.

iii. Give some historical background of your product if possible.

6. Planning and Activities Done During the Project

You need to give details here about what were the activities that you undertook to do your project. Such as

• How did you start with the project?• Did you take interviews etc?• Did you carry out research?• How the analysis was done?• Give them in a sequence

7.Observations and Findings

• This is the main body of the project and CBSE has specific guidelines for all the four options.

8.Conclusions

a. Summarized suggestions or findings, future scope of study.b. Give this as a summary of your firm stating which principle or techniques

apply and which do not.c. The relevance of the topic in today’s contextd. A summary of your findings in the order in which you have presented your project

9.Photographs (if Any)

10. Appendix

• Persons/Firms Consulted• Books Referred To, Including your Text Book• Websites Referred to• Questionnaires

11. Teachers Observations:

• With Signatures of Teachers

TOPICS :

(A) STOCK EXCHANGE SIMULATION (B) PRINCIPLES OF MANAGEMENT(C) BUSINESS ENVIRONMENT(D)MARKETING

WORKSHEET 4

Identify the Type of Business Environment, which affects the decisions of Managers

S.No Changes in Business Directly/ Indirectly Component of

Environment Interactive Business

environment

affected

1. Indian Railways offering facility of booking ―meal on the go‖

2. Launch of ―JIO‖ Mobile service with free internet for a period of 3 months

3. ―Make In India‖ scheme launched by PM

4. Statutory Warning along with Pictorial to be shown on the packing of cigarettes

5. Demand of Labour Union to increase the wages

6. Increase in the Demand of healthy foods

7. Increase in the interest rates of Home Loan

8. Due to pressure of shareholders, Dividend declared for the year 2016-17

9. Release of movies showing women empowerment

10. Customers expect free demo for any electronic purchased

Q1). A recent rate cut in the interest on loans announced by the Banks encouraged Amit, a science student of Progressive School to take a loan from State Bank of India to experiment and develop cars to be powered by fuel produced from garbage. He developed such a car and exhibited it in the Science Fair organised by Directorate of Education. He was awarded first prize for his invention. Identify and explain the dimensions of business environment discussed in the above case.

Q2). With change in the consumption habits of people, Neelesh, who was running a sweet shop shifted to chocolate business. On the eve of Diwali he offered chocolates in attractive packages at reasonable prices. He anticipated huge demand and created a website chocolove.com for taking orders online. He got lot of orders online and earned huge profit by selling chocolates. Identify and explain the dimensions of business environment discussed in the above case.

Q3). Understanding of environment by business managers enables them not only to identify and evaluate, but also to react to the forces external to their firms.’ In light of the statement, explain any four points of importance of business environment.

Q4). Accent Electronics Ltd.' was operating its business in Malaysia. The company started exporting its products to India when the Prime Minister announced relaxation in import duties on electronic items. The company appointed retailers in India who had direct online links with the suppliers to replenish stocks when needed.Identify and explain the dimensions of business environment discussed in the above case

Q5). The court passed an order that all schools must have water purifier for the school children as:

(i) Society in general is more concerned about quality of life;

(ii) Innovative techniques are being developed to manufacture water purifier at competitive rates;

(iii) Incomes are rising and children at home are also drinking purified water. The Government is

also showing positive attitude towards the water purifier business .Identify the different dimensions of business environment by quoting from the above details.

Q6). The court passed an order to ban polythene bags as

(i) These bags are creating many environmental problems, which affect the life of people in

general.

(ii) Society, in general, is more concerned about the quality of life. The government decided to

give subsidy to jute industry to promote this business. Innovative techniques are being

developed to manufacture jute bags at low rates. Incomes are rising and people can afford to

buy these bags.

Identify the different dimensions of business environment by quoting the lines from the above particulars.

Q7). A leading FMCG company manufacturing potato chips as its premium snack feels the need to steer ahead of its competitors. It asks for suggestions from its employess. The employees feel that the market for potato chips as a segment has become commoditised. They suggest that innovation in finger snacks was much more & it would also help the firm overcome the volatility & severe shortage of chips- grade potatoes in India. Besides change in prices of potato often lead to change in profit margins of the firm. Keeping in mind the fact that consumers are health conscious the

company executes the suggestions of its employees by introducing variant of finger snacks including multi grain, pulses & regional flavours under its ‘Kingo’ brand.

(i) Which environment awareness is being identified by the company?

(ii) Identify the dimension of business environment by quoting from above lines.

(iii) Define the dimension so identified above.

(iv) List any two values shown by the company.

Q8). Tara, after completing her MBA, decided to go for a startup. After surveying the market & studying the Needs of well informed customers, she decided to start an on- line apparel store rather than going in for brick and mortar clothing store. With Jabong, Myntra and many other fashion on line stores as competitors in the market, she creates a niche market for her firm by providing differentiated services by providing nip & tuck services to its prospective buyers making it a compelling proposition for even those who kept away for fear of having to visit corner alteration shops for a better fit. For this she carried out a survey of what women look for and studied the Indian body types to design the sizes accordingly. The new market conditions required her to hire trained personnel with higher competence & greater commitment so as to wean away customers visiting brick & mortar shops for their made to order & customization services. Quoting the lines from above, identify the impact of government policy change on Tara’s firm.

Q9). Naman and Govind after finishing their graduation under vocational stream decided to start their own travel agency which will book Rail Tickets and Air Tickets on commission basis.They also thought of providing tickets within ten minutes through the use of internet. They discussed the idea with their Professor Mr. Mehta who liked the idea and suggested them to first analyse the business environment which consists of investors, competitors and other forces like social, political etc.that may affect their business directly or indirectly. He further told them about the technological improvements and shifts in consumer preferences that were taking place and hence theyshould be aware of the environmental trends and changes which may hinder their business performance. He emphasised on making plans keeping in mind the threat posed by the competitors, so that they can deal with the situation effectively. This alignment of business operations with the business environment will result in better performance.

(i) Identify and state the component of business environment highlighted in the above Para.

(ii) State any two features of business environment as discussed by Professor Mehta with Naman and Govind.

(iii) Also state two points of importance of business environment as stated by Professor Mehta in the above situation.

Q10). Cab service company, Uber had announced that it will now allow private car owners in Delhi to offer rides to passengers. It introduced the new feature from December 16 after Delhi government announced its odd even formula to be

implemented from January 1. Fares for shared riders will be 10-30% cheaper, the company had said. It was followed by Ola, that announced that they too would offer ride sharing to passengers in Delhi-NCR. Ola will offer a 50% discount on Ola Share fares over the coming month. Meru cab has also launched its ride sharing features. It additionally gives customers who opt for the ride-share feature, a fixed 30% discount on the estimated trip fare.

In the above case,

(a) Identify points of importance of business environment highlighted.

(b) State two impacts of change of government policy on business and industry and what actions have been taken by companies in the above case to cope up with these changes?

Q11). Sunanda Papers decided to set up its industrial unit in backward village of Madhya Pradesh, due to its strategic location i.e. easy availability of wood to make paper. Moreover, due to unemployment, cheap labour is available in abundance. The village has no electricity so it decided to tap renewable solar energy in place of using diesel generators to meet its power requirements. The government offered industrial land at cheaper rate for the development of backward area and also provided subsidy for installing solar panels.

a) Identify the dimension business environment discussed in above case by quoting the line .

b) Also identify and explain from the given case the two benefits reaped by Sunanda papers by understanding the business environment.

ECONOMICS

Q1. Define deposit multiplier. (1)

Q2. When the primary deficit is 20cr. And interest payment is 4cr. Find out fiscal deficit. (1)

Q3. When the value of deposit multiplier is 10 and CRR is 0.04. Find out value of SLR (1)

Q4. Write one significance of zero primary deficit. (1)

Q5. Write two components of narrow money. (1)

Q6. Define revenue deficit and what are its three significance. (3)

Q7. Define fiscal deficit and write its three significance. (3)

Q8. Explain briefly the primary function of money. (3)

Q9. A bank has initial deposit of 1000cr. And LRR is 0.1. Explain the process of credit creation of a bank with schedule. (3)

Q10. What is money supply and how is it measured? (3)

Q11. Classify the following into revenue receipt , capital receipt , revenue expenditure and capital expenditure: (4)

a) Debt paymentb) Interest paymentc) Recovery of loand) Collection of GST

Q12. Explain the function of central bank as a lender of last resort. (4)

Q13. A country is already facing the situation of inflation due to excess supply of money. What steps will be taken by central bank to control this inflation. Explain briefly. (6)

Q14. What are the three objectives of budget. Explain. (6)

Q15. Explain the following function of central bank (RBI): (6)

a) Issue of currencyb) Banker agent and advisor of the government

Q16. Ten numericals of Income and Expenditure method from your prescribed book sandeep garg.

Q1. Define deposit multiplier. (1)

Q2. When the primary deficit is 20cr. And interest payment is 4cr. Find out fiscal deficit. (1)

Q3. When the value of deposit multiplier is 10 and CRR is 0.04. Find out value of SLR (1)

Q4. Write one significance of zero primary deficit. (1)

Q5. Write two components of narrow money. (1)

Q6. Define revenue deficit and what are its three significance. (3)

Q7. Define fiscal deficit and write its three significance. (3)

Q8. Explain briefly the primary function of money. (3)

Q9. A bank has initial deposit of 1000cr. And LRR is 0.1. Explain the process of credit creation of a bank with schedule. (3)

Q10. What is money supply and how is it measured? (3)

Q11. Classify the following into revenue receipt , capital receipt , revenue expenditure and capital expenditure: (4)

e) Debt paymentf) Interest paymentg) Recovery of loanh) Collection of GST

Q12. Explain the function of central bank as a lender of last resort. (4)

Q13. A country is already facing the situation of inflation due to excess supply of money. What steps will be taken by central bank to control this inflation. Explain briefly. (6)

Q14. What are the three objectives of budget. Explain. (6)

Q15. Explain the following function of central bank (RBI): (6)

c) Issue of currencyd) Banker agent and advisor of the government

Q16. Ten numericals of Income and Expenditure method from your prescribed book sandeep garg.