BUSINESS STUDIES

DATE OF SUBMISSION: 15-12-2017

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DATE OF SUBMISSION: 08-12-2017

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DATE OF SUBMISSION: 08-11-2017

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                      HOME WORK FOR CLASS 11     –  BUSINESS STUDIES    (6-1-2017)

Q1. Define international Business.

Q2. Explain the problems involved in international business.

Q3. Explain the benefits of international business to : (a) Nation   (b) business houses

Q4. Explain the reasons for international business.

Q5. Differentiate between  international  business and domestic business.

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Q1	What are not  for profit organizations? How are they different from profit seeking organizations?
Q2	What is a Receipt and Payment A/c? Enumerate its features.
Q3	Why is Income and Expenditure A/c prepared? State its features.
Q4	Define and explain the accounting treatment of the following terms: a) Subscriptions b) Life membership subscription c) Entrance fees d) Legacy
Q5	Distinguish between(3 points each)  a) Receipts and Payments A/c and Income and Expenditure A/c  b) Income and Expenditure A/c and Profit and Loss A/c.  c) Receipts and Payments A/c and Cash book.
Q6	How will you deal with the given information while preparing the final accounts for the year 2016: Subscription received during 2016: for 2015- Rs. 5,000;  Subscription received for 2016- Rs. 30,000; for 2017- Rs. 6,000  Subscription received in advance as at 31.12.2016- Rs. 6,000 Subscription outstanding as at 31.12.2015- Rs. 6,000 Subscription outstanding for the year 2016- Rs. 4,000
Q7	Calculate the amount of subscriptions to be credited to the Income and Expenditure A/c for the year ending 31 st March,2013: Subscription in arrears on 31.3.2012- Rs. 500  Subscription received in advance on 31.3.2012- Rs.1,100  Total subscription received during 2012-13 (including Rs. 400 for 2011-12, Rs. 900 for 2013-14 and Rs. 300 For 2014-15)- Rs. 35,400  Subscription outstanding for 2012-13- Rs. 400
Q8	From the following extracts of the Receipts and Payments A/c and the additional information, you are required to compute the income from subscription for the year ending on 31st December, 2012 and show Income & Expenditure A/c and the Balance Sheet as on 31.12.2012. An extract of Receipts and Payments A/c for the year ending On 31st December, 2012  Receipts Rs.  To subscriptions: 2011, 2012, 2013 : 9,000  ; 1,34,400 ; 5,200 Additional  Information: Subscription outstanding as on 31.12.2011- Rs. 9,200; subscription received in advance as on 31.12.2011- Rs. 2,800 ( including Rs. 800 for 2012) . There are 1,440 members each paying an annual subscription of Rs. 100