Junior Inter Commerce Important Questions for IPE Exams of AP and Telangana

Following are some important questions for Junior Intermediate Commerce students of Andhra Pradesh and Telangana states for IPE Examinations of respective Inter Boards. The questions are as per the new syllabus and question paper pattern. See the questions below:

1. Define Joint Stock Company? Explain features.

2. What do you mean by Prospectus? State the contents of the Prospectus.

3. Explain various kinds of Preference Shares.

4. Define Business. What are its characteristics?

5. Contents of partnership deed.

6. Write different types of Business Finance.

7. What is Equity Shares? Explain features of Equity Shares.

8. Explain the scope of E - Business.

9. Define M.N.C. and explain its characteristics.

10. Profession 

11. Genetic industries

12. Dayabaga Law 

13. Registered Companies

14. Promotion 

15. Name Clause

16. Retained earnings

17. Medium enterprise

18. What is Book Keeping?

19. Business Entity concept.

20. Explain two advantages of Double entry system.

21. Journalise the following transaction in the books of Ganesh.

2011 Rs.

Feb 1st Sales 8,000

Feb 2nd Sold Machinery 5,000

Feb 5th Sold goods for cash 2,500

Feb 10th Goods taken for private use 6,000

22. Suspense Account.

23. Single entry system.

24. Write the opening Journal entry from the following particulars.

Cash Rs.10,000

Debtors Rs.12,000

Machinery Rs.26,000

Bills payable Rs.5,000

Bills Receivable Rs.6,000

Buildings Rs.24,000

Creditors Rs.4,000

25. Prepare Trial Balance from the following particulars.

Bills Receivable Rs.3,000

Sales Rs.2,400

Returns Outwards Rs.600

Bills Payable Rs.1,600

Purchases Rs.6,000

Capital Rs.4,800

Returns Inward Rs.400

26. What is Double Entry System? Explain its advantages.

27. Prepare Sarada account from the following.

2010 Rs.

June 1st Due to Sarada 2,500

June 10th Goods purchased from Sarada 18,000

June 16th Goods returned by Sarada 3,000

June 18th Cash paid to Sarada 5,000

June 20th Goods purchased from Sarada 10,000

June 25th Sarada account settled by cheque at 5% discount.

28. From the following transactions, prepare Sales book and Sales - returns book.

2013 Rs.

March 1st Sales to Rakesh Traders 20,000

March 4th Sales to Ramesh (Trade Discount 5%) 5,000

March 12th Sales to Rama rao 12,000

March 15th Returns from Rakesh Traders 600

March 21st Returns from Rama rao 800

March 25th Sold goods to Vikas for cash 2,500

IISER Tirupati BS-MS Dual Degree Admissions 2015-16

Indian Institute of Science Education and Resarch (IISER) at Tipupati, Chittoor District, Andhra Pradesh has issued admission notification for BS - MS Dual Degree Program for the academic year 2015. The IISER Tirupati is going to launch the program from August 2015.

Eligibility: Candidates with the following qualifications are eligible for BS - MS Dual Degree at ISER Tirupati.
1) KVPY - Kishore Vaigyanik Protsahan Yojana Basic Science Stream
2) Candidates with IIT JEE Advanced 2015 score and 60 percent marks in XII.

3) State and Central Boards students who have passed Class XII in 2014 and candidates those appearing for final year exams in 2015 with Science stream are also eligible.
4) Candidates those eligible for INSPIRE Scholarship also will be considered.

All the admitted students will get Rs. 5000 per month as scholarship under INSPIRe or KVPY scholarship. Interested candidates can submit applications online only through www.iiseradmissions.in .

Application fee is Rs. 1500. Application portal opens from 1 June 2015. Last date for KVPY and JEE candidates is 27 June and for State and Central Board candidates, 4 July 2015. There will be separate admission process based on the eligibility.

TSICET 2015 Notification for MBA and MCA Admissions in Telangana

Kakatiya University at Warangal (KU), Telangana State has issued TSICET 2015 notification for admission into MBA and MCA courses in Telangana state for the academic year 2015-16. The entrance test will be conducted by Kakatiya University on behalf of TSCHE (Telangana State Council of Higher Education), Hyderabad.

Candidates should have graduation in any discipline. Eligible candidates may apply for TSICET 2015 online mode only through www.tsicet.org from 5 March 2015. Closing date for online applications is 9 April 2015 with out late fee.

The TSICET 2015 entrance test will be conducted on 22 May 2015 across the state of Telangana from 10 AM to 12-30 PM. Registration fee is Rs. 250. The fee can be paid through AP online / TS online / Mee Seva / e -Seva centers in AP and Telangana states.

The details of eligibility, model paper, syllabus and related instructions can be obtained from the website www.tsicet.org . The AP students have to appear for this test to join in MBA and MCA colleges located in and around Hyderabad.