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GOWTHAMI JUNIOR COLLEGE, Shamshabad, COMMERCE - 1, , THEORY, Important Questions, , 10 Marks, , 1. Define sole proprietorship? explain its advantages and limitations., Define partnership? explain its advantages limitations., Define joint stock company? Explain its features., Define joint stock company? Explain its advantages and disadvantages., What is business finance? explain its need and significance., Explain factors determine selection of sources of finance., What is cooperative society? explain its advantages and limitations., Write the difference between private company and public company., Explain the various types of partners?, , 10. Define sole proprietorship and state its features., 5 Marks, , 1. Define business explain its characteristic features, Define trade? explain various types of aids to trade, Explain types of trade, What is JHF? explain its advantages and limitations., Define partnership? Explain its features., What is LLP? Explain its features., Wright the difference between am MOA and AOA., What are the differences between share and debentures?, Write the difference between equity shares and preference shares?, , 10. Define MSMEs explain the significance in Indian economy?, , 11. Explain scope of E-business?, 2marks, , 1. Business, 2. Profession, 3. Employment, 4. Commerce, 5. Trade, 6. Karta, 7., 8., 9,, , PENanawn, , PEnaawn, , Small company, Holding company, . Dormant company, , 10. Government company, , 11. One person company, , 12. Minimum subscription, , 13. Retained earnings, , 14. Debentures, , 15. Deferred shares, , 16. Bank credit, , 17. Cash credit, , 18. E Banking, , 19. MSMEs, , 20. E business, , ACCOUNTANCY, , 5 Marks, 1. Explain classification of Accounts along with Debit and Credit rules?, 2. Explain types of subsidiary Books?, 3. Explain types of Errors?, 4. Explain Accounting Concepts?, 5. Explain reasons for Dis agree of cash book and pass book balances?, 2 Marks, 1. Capital, 2. Drawings, 3. Ledger, 4. Bank overdraft, 5. Bad debts, 6. Accounting, 7. Debit note, 8. Credit note, 9. Imprest system, 10. Contra entry, 11. Cash Discount, 12. Trade Discount, 13. Depreciation, 14, Journal, 15. Debtor