TS Inter 2nd Year Commerce Question Paper May 2022 with Solutions

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TS Inter 2nd Year Commerce Question Paper May 2022 with Solutions

Time: 3 Hours
Max. Marks: 100

Part – I (50 Marks)
Section – A
(2 × 10 = 20)

  • Answer any TWO of the following questions in not exceeding 40 lines.
  • Each question carries 10 marks.

Question 1.
What are the differences between the Money Market and the Capital Market?

Question 2.
What is a Stock Exchange? Explain its functions.

Question 3.
Discuss the Secondary functions of Banks.

TS Inter 2nd Year Commerce Question Paper May 2022 with Solutions

Question 4.
Define entrepreneur and explain the characteristics.

Question 5.
What are the Principles of Management?

Section – B
(4 × 5 = 20)

  • Answer any FOUR of the following questions in not exceeding 20 lines.
  • Each question carries 5 marks.

Question 6.
What are the differences between the Primary Market and the Secondary Market?

Question 7.
What are the various types of Retail Loans? Explain.

Question 8.
Explain the powers and functions of IRDA.

Question 9.
What are the special provisions enacted by the Telangana state for the MSMEs?

Question 10.
Discuss the benefits of International Trade.

Question 11.
Define Trade. Explain its features.

Question 12.
Explain any five characteristics of Management.

TS Inter 2nd Year Commerce Question Paper May 2022 with Solutions

Question 13.
Explain different types of life policies.

Question 14.
Write about POSDCORB.

Section – C
(5 × 2 = 10)

  • Answer any FIVE of the following questions in not exceeding 5 lines.
  • Each question carries 2 marks.

Question 15.
What is a Capital Market?

Question 16.
What is a Mutual Fund?

Question 17.
What do you mean by bull speculator?

Question 18.
What is Savings Deposits Account?

Question 19.
Write about the Endowment Policy.

Question 20.
What is Time Policy?

Question 21.
What do you mean by Innovation?

Question 22.
Write about Drone Entrepreneurs.

Question 23.
What do you mean by Multiple Shops?

TS Inter 2nd Year Commerce Question Paper May 2022 with Solutions

Question 24.
Write any two differences between Internal Trade and International Trade.

Question 25.
What is Planning?

Part – II (50 Marks)
Section – D
(1 × 20 = 20)

Answer the following question.

Question 26.
Ravi and Kiran are partners sharing profits and losses in the ratio of 3 : 2 respectively. Their Balance Sheet as of 31st March, 2020 was as follows:
TS Inter 2nd Year Commerce Question Paper May 2022 with Solutions Q26
On 1st April 2020, they decided to admit Mr. Bharath for a 1/5th share in profits. The terms of admission are:
(a) He has to bring ₹ 20,000 towards capital and ₹ 10,000 towards goodwill in cash.
(b) Furniture is to be depreciated by ₹ 1,000.
(c) Create a provision of ₹ 1,500 for Bad debts and debtors.
(d) Appreciate the value of Buildings by ₹ 5,000.
Prepare necessary ledger accounts and open the Balance Sheet of the new firm.

Section – E
(1 × 10 = 10)

Answer any ONE of the following questions.

Question 27.
Arjun of Kamareddy and Vittal of Karimnagar are in the consignment business. Vittal sent goods to Arjun ₹ 20,000. Vittal paid freight ₹ 800 and insurance ₹ 700. Arjun met sales expenses ₹ 750. Arjun sold the entire stock for ₹ 30,000 and he is entitled to a commission of 5% on sales. Prepare necessary ledger accounts in the books of Vittal.

Question 28.
Distinguish between consignment and sale.

Question 29.
From the following Receipts and payments account of ‘Sri Kala Nilayam’ for the year ended 31-03-2019, prepare the Income and Expenditure account.
TS Inter 2nd Year Commerce Question Paper May 2022 with Solutions Q29
Additional Information:
(a) Outstanding salaries ₹ 500
(b) Subscriptions outstanding for 2018-19 ₹ 1,000
(c) Depreciate furniture by 10%.

Section – F
(2 × 5 = 10)

Answer any TWO of the following questions.

Question 30.
Raghu & Co. purchased furniture on 1st April 2016 for ₹ 40,000. Depreciation is provided at the rate of 10% under the straight-line method. On 31st March 2020, the scrap of the furniture was sold for ₹ 18,000. Prepare Furniture A/c.

Question 31.
Explain the causes of depreciation.

TS Inter 2nd Year Commerce Question Paper May 2022 with Solutions

Question 32.
From the following details, prepare the Receipts and Payments account:
Opening Balance of cash – ₹ 1,500
Opening Bank Balance – ₹ 4,500
Subscriptions collected – ₹ 8,000
Entertainment show receipts – ₹ 4,000
Entrance fees received – ₹ 2,000
Computer purchased – ₹ 3,000
Tournament expenses – ₹ 3,000
Entertainment show expenses – ₹ 1,800
Paid for Periodicals – ₹ 1,200
Salaries Paid – ₹ 1,200
Rent Paid – ₹ 4,000
Cash in hand at close – ₹ 1,800

Question 33.
Write the differences between the Receipts and Payments account and the Income and Expenditure account.

Question 34.
Explain the features of Computerised Accounting.

Question 35.
Explain the differences between Manual and Computerised Accounting.

Section – G
(5 × 2 = 10)

Answer any FIVE of the following questions.

Question 36.
Define the term Depreciation.

Question 37.
What is the Straight Line Method?

Question 38.
What is Account Sales?

Question 39.
What is the Del Credre Commission?

Question 40.
What is Deferred Revenue Expenditure?

Question 41.
Explain the term Donation.

Question 42.
What do you mean by Entrance fees?

TS Inter 2nd Year Commerce Question Paper May 2022 with Solutions

Question 43.
What is Goodwill?

Question 44.
Radha and Rani shared profits and losses in the ratio of 4 : 3. Manjatha admitted into business for 1/8th share in the future profits. Calculate the new profit-sharing ratio.

Question 45.
What is the Ratio of Gaining?

Question 46.
What is Computerized Accounting?

Question 47.
Write any two Advantages of Computerized Accounting.

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