HOLIDAY HOME WORK

Commerce
Class –XI (2024-25)
General Instructions:

1. Read and follow the given instructions carefully in each worksheet.

2. Complete the worksheets on the loose Sheets

3. Decorate the cover page .
4. The worksheets which are given in the homework will be done by the child in her/his
own handwriting. Parents can guide and support their ward in searching the required
information and faciltating the craftwork.

5. Paste coloured pictures wherever required.

6. Take the printout of the given worksheet pages only.

7. The submission of Holiday Homework will be on July 8, 2024.

8. Do revise all the syllabus done till date.

English

Holiday H.W.
1. Make a list of nautical terms used in the Chapter “ We are not afraid to die..if we can all be
together”.
2. Make a PowerPoint presentation on pyramids of Egypt / Egyptian pharaohs.
3. Create your own handmade and decorated diary in which you will write daily about any one
positive change which you will bring in yourself like being organized or being punctual etc.
4. Attempt a self-composed poem on childhood/growing up/separation from your near dear ones.
5. Make a list of poetic devices used in the poem ‘A PHOTOGRAPH’ and. ' THE
LABURNUM TOP' and explain them briefly with more examples.
6. Collect pictures and information about other tribes of India and a short survey of the tribal
languages existing in India .

SUBJECT : ACCOUNTANCY
1.Book keeping is a wider concept than accounting.
(A) False (B) True (C) Partially true (D) Partially false
2. Accounting Starts:
(A) Where book-keeping begins
(B) Where book-keeping ends
(C) Where books are not maintained at all
(D) After preparing final accounts
3. In accounts recording is made of :
(A) Only Financial Transactions (B) Only Non-financial transactions (C) Financial and non-financial
transactions
(D) Personal transactions of the Proprietor
4. The characteristics of Accounting are :
(A) Recording (B) Classifying (C) Summarising (D) All of the above
5. Which of the following is not a business transaction?

(A) Withdrew ₹10,000 from business for personal use by the proprietor

(B) Proprietor Withdrew ₹20,000 from the Bank Account of the firm to pay the school fees of his son.

(C) Proprietor withdrew ₹12,000 from his personal account to pay the school fees of his son.

(D) Goods taken worth ₹3,000 for personal use.

6. Ghanshyam is a furniture dealer Which one of the following will not be. recorded in his books?

(A) Purchase of Timber for ₹50,000

(B) Sofa set worth ₹40.000 taken to his home

(C) Sale of household furniture for ₹5,000

(D) Dining table of ₹30,000 given to his friend as gift

7. The functions of Accounting are :
(A) To ascertain Profit or Loss
(B) To ascertain the financial position of the Business
(C) To provide information to various parties
(d) All of the above
8. The function of Accounting is not to :
(A) Record the transactions of business
(B) Record the personal transactions of the Proprietor
(C) Ascertain the Profit or Loss of business
(D) Ascertain the Financial Position of the business
9. Which of the following is not a sub-field of accounting?
(A) Financial accounting
(B) Book Keeping
(C) Management accounting
( D) Cost Accounting
10 . Which of the following is the most relevant accounting information for taxation authorities?
(A) Cash Balance of the firm
(B) Book Value of the Fixed Assets
(C) Credit Sales of the year
(D) Profit generated during the year
11. Which of the following limitations of accounting states that accounts may be manipulated to conceal
vital facts :
(A) Accounting is not fully exact
(B) Accounting may lead to window dressing
(C) Accounting ignores price level changes
(D) Accounting ignores qualitative elements
12. Current Liabilities do not include
(a) bills payable
(b) Creditors
(c) Outstanding expenses
(d) Debentures
13. The term sales is used only for the sales of………… and is never used for the sales
(a) Assets, Investments
(B) Assets, Goods
(c) Intangible Assets, Goods
(d) Goods, Assets
14.Out of the following assets which one is NOT an intangible asset?
(A) Patents 20 (B) Investments (C) Goodwill (D) Trademark

15. At the end of financial year, during which sale of goods was worth ₹5,00,000, the closing stock iS
valued at ₹40,000. This is ... (A) An event
(B) A transaction
(C) Both an event as well as transaction
(d) none of these
16. According to Convention of Conservatism
(A) Provision is made for bad and doubtful debts
(B) Depreciation is charged on assets
(C) Recording is made of outstanding expenses
(D) All of the above
17. The concept that a business enterprise will not be sold or liquidated in the near future is known as :
(A) Business Entity Concept
(B) Money Measurement Concept
(C) Matching Concept
(D) Going Concern Conceptj
18. According to which Concept even the proprietor of the business is treated as a creditor of the business
(A) Going concern Concept
(B) Cost Concept
(C) Business Entity Concept
(D) Accounting Period Period Concept
19. Due to which concept qualitative transactions are not recorded in the books:
(A) Business Entity Concept
(B) Money Measurement Concept
(C) Historical cost concept
(D) Dual Aspect Concept
20. Accrual concept is based on:
(A) Matching Concept (B) Dual Aspect concept (C) Cost concept (D) Going concern concept
21. Cost price or realisable value, whichever is less, is used for the valuation of :
(A) Current Assets (B) Closing stock (C) Fixed Assets (D) All Assets
22. According to which of the following, a business is considered to run for indefinite period
(A) Business Entity Concept (B) Money Measurement Concept
(C) Historical cost concept (D) Going concern concept
23 Due to which of the following window dressing is prohibited
(A) Convention of Consistency (B) Accounting Period Concept
(C) Convention of full Disclosure (D) Money Measurement Concept
24. According to which concept the same accounting methods should be used each year
(A) Prudence (B) Full Disclosure (C) Materiality (D) Consistency
25. Everything a firm owns, it also owes out to somebody This is explained by which concept
(A) Dual Aspect (B) Going Concern (C) Money Measurement (D) Accounting Period
27. Main elements of accounting equation are :
(A) Capital, Creditors and Bills Payable
(B) Assets, Liabilities and Capital
(C) Cash, Stock and Debtors
(D) Bank balance, Investments and Bills Receivable
28. As a result of the following transactions, he total of accounting equation will be

(i) Started business with cash ₹2,00,000

(ii) Purchased furniture ₹25,000

(iii) Purchased goods on credit ₹60,000.

(A) ₹2,85,000

(B) ₹2,25,000

(C) ₹2,35,000

(D) ₹2,60,000
29. As a result of the following transactions, the total of accounting equation will be

(i) Started business with Cash ₹5,00,000

(ii) Goods purchased for cash ₹2,00,000

(iii) Goods costing ₹1,50,000 sold for ₹1,60,000 on credit

(A) ₹4,60,000

(B) ₹7,10,000

(C) ₹5,10,000

(D) ₹6,60,000 A
30. Due to the following transactions, the total of accounting equation will be Commenced business with
cash ₹4,00,000

(i) Purchased goods on credit ₹75,000

(ii) Goods costing ₹1,00,000 sold at a profit of 20% for cash

(iii) Rent paid ₹5,000

(A) ₹4,90,000

(B) ₹5,90,000

(C) ₹4,40,000
(D) ₹3,40,000
3 marks

1.Godrej Ltd. imported from Germany one machinery for sale in India and another machinery for
production purpose. Will you treat them goods or fixed assets?

2. Mr. Jaspal Singh dealing in electronic goods sold 20 TV sets costing ₹30.000 each at ₹40.000 each. Out
of this ₹5.00, 000 were received in cash and the balance ST not yet received, State amount of revenue

3.Mr. Dinanath who owed us ₹50000 became insolvent and paid only 40% of STU amount. What is term
used for the amount not received?
4. Gurman gives following information about his income and expenses for the year ended 31st March, 2023:
Expenses paid 160000
Expenses paid in advance (included 1,60,000) 40,000
Expenses not yet paid 20,000
Income received 240000
Income received in advance (included in 2,40,000) 30,000
Income not yet received 24,000

5. During the financial year 2022- -23, Mohan had cash sales of₹ 90,000 and credit sales of 2 60,000. His
expenses for the year were ₹ 70,000 out of which ₹ 30,000 is still to be paid. [Ans.: F 50,000.] Find out
Mohan's income for 2022 23 following the Cash Basis of Accounting.
6. Vijay a consultant, during the financial year 2022- 23 earned 4,00,000. Out of which he received
3,50,000. He incurred an expense of 170000, out of which 40,000 are outstanding. He also received
consultancy fee relating to previous year 45,000 and also paid 20,000 expenses of last year.
You are required to determine his income for the year if
(i) he follows Cash Basis of. Accounting, and
(ii) he follows Accrual Basis of Accounting.

7. 'A` commenced his cloth 8.29 business on 1st April, 2019 with a capital of ₹3,00,000. On 31st March,
2020 his assets were worth ₹5,00,000 and liabilities ₹1,00,000.
Find out his closing capital and profits earned during the year,

8. (a) Yogesh commenced business on lst April, 2017 with a Capital of ₹5,00,000 and a loan of ₹ 100000
borrowed from Citi Bank. On 31st March, 2018, his assets were ₹8,00,000. Calculate his closing capital and
profits earned during the year

(b) If in the above case, the proprietor had introduced fresh capital of ₹40,000 and had withdrawn ₹10,000
for personal purposes, calculate his profits
Q. 9. Give one example of each of the following transactions
(i) Increase in an asset and a liability_
(ii) Decrease in an asset and a liability
(iii) Increase in assets and capital.
(iv) Decrease in assets and capital.

6 marks

1.Show the accounting equation on the basis of the following transactions and also show the Balance Sheet :

Started business with Cash ₹60,000 and Goods ₹30,000

(i) Purchased goods for Cash ₹40,000 and on Credit ₹25,000.

(i) Goods costing ₹48,000 sold at a profit 0f 33 1/3%. . Three-fourth payment received in Cash

(iv) Goods costing ₹20,000 sold at a loss of 5%, out of which ₹12,000 received in Cash.

(v) Paid Rent ₹4,000 and Salary ₹6,000 000.

(vi) Received Cash from Debtors ₹15,000.

(vii) Paid telephone bill amounting to ₹800

Q. 2. Show the accounting equation on the basis of following transactions :

(i) Commenced business with Cash ₹20,000; Goods ₹50,000 and Furniture ₹30,000

(ii) Purchased goods from Gopal on Credit ₹40,000

(iii) Sold goods for Cash ₹40,000 (Costing ₹30,000).

(iv) Sold goods to Ram on Credit ₹65,000 (Costing ₹50,000)

(v) Withdrew for personal use goods costing ₹5,000

(vi) Purchased typewriter for personal use of the proprietor ₹20,000.

(vii) Purchased chairs for office use for Cash ₹10.000.

(viii) Paid for printing ₹500 and received Commission ₹1,200

(ix) Introduced fresh Capital ₹40,000.

(x) Paid to Gopal ₹30,000

(3). Prepare Accounting Equation from the following

a. Started business with cash ₹75. 000 and goods ₹25. 000

b. Paid for Rent ₹2.000.

c. Bought goods for cash ₹30000 and on credit for ₹44000.

d. Goods costing ₹50. 000 sold ata profit of 25%, out of which ₹27.500 received in Cash.

e. Purchased a Motor-cycle for personal use ₹20. 000

BUSINESS STUDIES
CHAPTER 1: FUNDAMENTALS OF BUSINESS
1. Which of the following industries covers cosmetics?
(a)Analytical Industry (b) Synthetic Industry
© processing Industry (d) Assembling Industry
2. Petrol refining is part of which industry?
(a)Analytical Industry (b) Synthetic Industry
© processing Industry (d) Assembling Industry
3. Warehousing comes under which industry?
(a) Primary Industry (b) Secondary Industry
© Territory Industry (d) Manufacturing Industry
4.Which is not included in ‘Auxiliary to trade’?
(a) Animal husbandry (b) Insurance
© Transport (d) Warehousing
5.-------includes activities which involve breeding of plants and animals for their use in further reproduction.
(a)Extractive Industry (b) Genetic Industry
(c) Processing Industry (d) Manufacturing Industry
6. Earning profit is the basic motive of
(a) Business. (b) Employment.
(c)Contractual assignment (d) Profession.
7. Which of the following is a non-economic activity?
(a) Teaching in school (c) Educating poor children in NGO
(b) Treatment of patient by a Doctor (d) Workers working in factory

8.------is a firm or person who acts as a link between parties while carrying out a business transaction
(a) Merchant Banker
(b) Indigenous Banker
(c) Shroff
(d) Intermediary
9.------arise due to change in market conditions.
(a) Speculative risk
(b) Pure risk
(c) Uncertainty
(d) Profit
10.Give an example where an activity is economic integration one situation and non economic in another
situation
the following statements and choose the correct alternative.

Assertion reason based questions

11. Assertion (A): Human beings keep themselves occupied in some activities to satisfy human wants; such
activities are known as human activities. Some of these activities are related to earning money while others
are not
Reason (R): Economic activity refers to a human activity related to production and consumption of goods
and services for economic gain.
(a) Both (A) and (R) are correct and (R) is the correct explanation of (A).
(b) Both (A) and (R) are correct but (R) is not the correct explanation of (A).
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct.
12.Assertion:(A): Speculative risks arise due to changes in market conditions.
Reason (R): Business risk is the possibility that a company will have lower than anticipated profits or
experience a loss rather than making a profit.
(a) Both (A) and (R) are correct and (R) is the correct explanation of (A).
(b) Both (A) and (R) are correct but (R) is not the correct explanation of (A).
(c) (A) is correct but (R) is incorrect.
(d) (A) is incorrect but (R) is correct.

3 marks questions
1.)Rajni, a housewife exchanges utensils for old clothes on a regular basis. Is it a business and why?
2. Ramesh sells winter wear in the month of December, January and February but he is not able to sell
complete stock.
(i) Identify the hindrance.
(ii) How can he resolve this hindrance?
(iii) Will this hindrance always occur? Why
3.Only sale or exchange of goods/services for profit of business? Do you agree with this statement ? Give
reason in support of your answer .
4. Categories the following into business profession employment
I) A farmer
II) An advocate
III) A clerk
IV) A hawker selling toys for children
V) A person repairing scooter on roadside
VI) A doctor

6 marks questions
1.Commerce is considered as a backbone of industry and other business activities. Discuss the various
functions performed by business ?
2. Miss Sapna is the owner of a bakery and chocolate shop. On her cousin's birthday, she supplied cake and
chocolates for 20 guests invited to the birthday party. The cost of the items supplied came to 5,000.
However, Miss Sapna refused to take money from her cousin. Her cousin tried to convince her to accept the
money as it will not be profitable for her business. But Miss Sapna refused the money and told her cousin
that profit is not the purpose of business.
(i) Will the supply of items from the bakery be classified as a business activity?
(ii) Is Miss Sapna justified in saying that profit has no role in this business?
(iii) What is the role of profit in business?

3.Manjeet Pvt. Ltd. is a reputed company manufac-turing computers. The company is earning a considerable
profit. Both the proprietors and the employees are putting their best efforts to make good quality products
available to the customers at a low price, paying its shareholders a good amount of dividends and the
employees a reasonable remuneration. This contributes to the successful operations of the business. With
increased profits over time, the company's foundation becomes strong, and it earns a good reputation in the
society. It utilises its profits to finance its growth and expansion requirements.

Explain the role of profit in the business of Manjeet Pvt. Ltd. by quoting the lines from the above para
CHAPTER 2: FORMS OF BUSINESS ORGANISATION
1.Minimum number of members to form a private company is
(a) 2
(b) 5
(C) 3
(d) 7
2.The structure in which there is separation of ownership and management is called
(a) Sole proprietorship.
(b ) Company.
© Partnership
(d) All business organisations
3. Karta in joint hindu family has
(a) limited liability
(B) Unlimited liabilty.
(c) no liability for debts.
(d)Joint liability
4. In a cooperative society, the principle followed is
(a) one share one vote.
(c) no vote.
(b)One man one vote
(d) Multiple vote

5) The board of directors of a joint stock company is elected by

(a) general public.
(b) shareholders.
(c) government bodies.
(d) employees
5. Profits do not have to be shared. This statement refers to

(a) Partnership.
(b) Joint hindu family
(c) Sole Proprietorship.
(d) Company
7. The Head of the joint Hindu family business is called
(a) Karta
b) Proprietor
(C) Share.
(D) Manager
8. It is necessary to get every company incorporated whether private or public ( true/false
9.”Arora brothers is a firm for construction of shopping mall “identify the partnership
10.Name the form of business organisation in which minor is full fledged member.
 3 marks each
1 karta is most active member of Joint “ Hindu Family business.He is too powerful to ruin the business
“comment

2.You are a business consultant. Mr. Madanpal has recently retired from government service. He is 60 years
old and he wants to set up a factory to manufacture plastic goods. He has come to consult you so that you may
suggest to him the most suitable form of business organisation. The following are his main
expectations from the business organisations
(i) Ease in formation,
(ii) Flexibility in operations,
(iii) Sharing of profits with limited persons, and
(iv ) Sufficient persons to look after various business activities.
Which form of business organisation will you suggest to Mr. Madanpal? Give reasons in support of your
answer.

3.Dhruv, Sarthak and Dheeraj are three partners in a firm. The name of the firm is 'Friends Pustak Bhandar'.
The latest books of almost all subjects remain available at the Pustak Bhandar. All the three partners decided
that 10% of the total profit of the firm would be distributed among the poor children every year. This has a
very positive effect on the goodwill of the firm. Dheeraj is a renowned businessman who allowed the use of
his name by the firm but does not contribute capital. Sarthak had contributed capital to the firm but does not
participate in the management of the firm. Dhruv actively participates in the management and does business
on behalf of other partners.
Explain what types of partners Dhruv, Sarthak and Dheeraj are in 'Friends Pustak Bhandar'.
6 MARKS EACH
1.Shikha is a sole proprietor. Over the past decade, her business has grown from operating a neighborhood
corner shop selling accessories such as artificial jewellery, bags, hair clips and nail polish to a retail chain
with three branches in the city. Although she looks after the varied functions in all the branches, she is
wondering whether she should form a company to better manage the business. She also has plans to open
branches countrywide.

(a) Explain two benefits of remaining a sole proprietor.

(b) Explain two benefits of converting to a joint stock company.
(c) What role will her decision to go nationwide play in her choice of form of the organisation?

2.Miss A is sole proprietor dealing in handmade chocolates and cookies.over the last five years, her business
has grown from operating a neighborhood shop to a retail chain with four branches in the city. Currently, the
is supervising all the branches in the city. But as the business is growing, she is wondering how to manage the
business she decided to talk to a financial consultant. She arranged a meeting with a financial consultant who
advised her that since her business is growing and she is interested in opening branches PAN India, she should
form a company. The financial consultant also explained her benefits of opening a company. He also told her
that his consultancy firm can assist her in the procedure of forming a company.

(I) Explain any three merits of staying as a sole proprietor

(II) Explain the merits of conversion to a Joint Stock Company.
(iii) Miss A is unaware of the concept of One Person Company. Explain the concept of OPC to Miss A.
3.” One man control is best in the world if that one man is big enough to manage everything “ explain the
statement

 Economics
Ques1.
Multiple choice questions:-
(i) Mode is found graphically by:
a. Ogive c. Frequency Polygon
b. Histogram d. Bar diagram
(ii)The sum of square of the deviations about mean is
a. minimum c. zero
b. maximum d. none of the above
(iii) What does it mean when the central tendency is stated as a mean of samples?

a. It means that the sample size is n, and the sample mean represents a set of data points taken
from this sample with replacement.

b. It means that the sample size is n, and the sample mean represents a set of data points
taken from this sample with replacement.

c. It means that the sample size is n, averaged to determine central tendency.

d. None of the above

(iv) Which of the is not the characteristic of mean?

a. It minimizes the sum of squared deviations.

b. It is affected by extreme scores.

c. It is best used with ordinal data.

d. The sum of deviations about mean is 0.

(v) Which of the following statement regarding mode is false?

a. It can be easily identified through inspection.

b. It doesn’t possess the desired algebraic property of the mean that allows further
manipulations.

c. Like the median, observations from different data sets have to be merged to obtain a new
mode, whether group or ungrouped data are involved.

d. It is affected by extreme values.

Assertion Reasoning questions

A - Both A and R are true and R is the correct explanation of A.

B - Both A and R are true but R is NOT the correct explanation of A.
C - A is true but R is false.
D - A is false but R is true.

(vi) Assertion- Median is the positional average.

Reason- Median is that value in the series in which half of the values are below and
half of the values are above it.
(vii) Assertion- Mode is the best representative value of all items of the series.

Reason- Modal value is that value which occurs most frequently in the series.

Case based questions

Measures of central tendency or averages are used to summarise the data. It specifies a single

most representative value to describe the data set. Arithmetic mean is the most commonly used

average. It is simple to calculate and is based on all the observations. But it is unduly affected by

the presence of extreme items. Median is a better summary for such data. Mode is generally used

to describe the qualitative data. Median and mode can be easily computed graphically. In case of

open-ended distribution, they can also be easily computed. Thus, it is important to select an
appropriate average depending upon the purpose of analysis and the nature of the distribution.

(viii) Which of the following is qualitative data where Median and mode can be best

calculated?

(a) Gender (b) Population

(c) age (d) income

(ix) Which of the following is TRUE in case of open- ended distribution?

(a) The upper and lower limit of the classes are same.

(b) The upper and lower limit of the classes are not equal.

(c) The lower and upper limit of the classes are not found.

(d) The lower limit of the class is found and upper limit of the class is not found

(x) Mode can be shown with the help of Multiple bar diagram.

(a) True

(b) False

Ques2. Determine the median graphically:

Class 20-25 25-30 30-35 35-40 40-45 45-50 50-55 55-60

Frequency 6 9 13 23 19 15 9 6
Ques3. Determine mode graphically:

Weekly 10-15 15-20 20-25 25-30 30-35 35-40 40-45

wages
No. of 7 19 27 15 12 12 8
workers

Ques4. Calculate Q1 and Q3.

Marks 5-15 15-25 25-35 35-45 45-55

No. of 8 12 15 9 6
students

Ques5. Calculate missing values.

a. When mean is 30

Marks 5 15 25 35 45 55
No. of 5 7 12 ? 5 3
Students

b. When median is 50 and no. of families is 100

Expenditure 0-20 20-40 40-60 60-80 80-100

No. of 14 ? 27 ? 15
families

Ques6: The following series relates to the daily income of workers employed in the firm.
Compute

a. Highest income of lowest 50% workers

b. minimum income earned by top 25% workers and

 c. maximum income earned by lowest 25% workers

Daily 10-14 15-19 20-24 25-29 30-34 35-39

income
No. of 5 10 15 20 10 5
workers

Ques7. Calculate mean

Values 60 62 64 67 70 73 77 81 85 89
Frequency 54 82 103 176 212 180 115 78 50 21

Ques8. Calculate mode with the help of grouping method.

Size 2 3 4 5 6 7 8 9 10 11 12 13
frequency 3 8 10 12 16 14 10 8 17 5 4 1

 Maths Core
Complete the exercises related to topics discussed in class

 Maths Applied
Complete the exercises related to topics discussed in class

 Painting
Complete 5 half sheets (still life/Composition)

 DANCE

File work XI
Vandna, history of Kathak dance, history of Indian dance,tandav,lasya, definations ,
1Notation work with definitions,a). teen taal,b). tihaayi ,c). thaat,d). aamad,e) paran f) jhaptaal

 Physical Education
1. Please revise the units - 1, 2 & 3 (from the book)
2. Complete the File (Lab Manual )[Topic (Games) -] BADMINTON / YOGA (Any five
asana)