ICSE Class 10 Syllabus 2024 Commercial Studies

ICSE
Syllabus

2024

Latest!

Syllabus

COMMERCIAL STUDIES (63)
Candidates offering Commercial Applications (Group III) are not eligible to offer
Commercial Studies (Group II).
Aims:
1. To enable students to develop a perceptive, 4. To help develop a co-operative attitude through
sensitive and critical response to the role of study of the organisation and participation
business in a global, national and local context. associated with commerce and industry.
2. To allow students to balance the demands of 5. To provide an appropriate body of knowledge and
social parameters with individual aspirations. understanding, and to develop appropriate skills as
3. To develop in students an appreciation for the a basis for further study or work or both.
roles of the entrepreneur and the professional
manager.

CLASS IX
There will be one written paper of two hours (d) Non-profit Organisations
duration carrying 80 marks and Internal Meaning and types (Society, trust, and non-
Assessment of 20 marks. profit companies - Meaning and Examples
only).
The paper will be divided into two sections A and
B. (e) Commerce
Meaning of Commerce and its
Section A (Compulsory) will consist of questions classification:
requiring short answers and will cover the entire
(i) Trade (types of trade: wholesale and
syllabus.
retail, domestic and foreign,
Section B will consist of questions, which will e-commerce & e-trade - meaning and
require detailed answers. There will be a choice examples of each.
and candidates will be required to answer four (ii) Aids to trade: transport, banking,
questions from this section. advertising, insurance, warehousing,
packaging – meaning and examples of
1. Commercial Activities each.
(a) Commercial and Non-Commercial (f) Commercial organizations - Classification
Activities on the basis of ownership.
Meaning and difference with examples. (i) Private Sector enterprise - Sole
proprietorship, Partnership, one-
(b) Types of Commercial activities. person company, Joint stock company,
Business, profession and employment – Limited liability partnership, Co-
meaning and features. operative society (Meaning and
features only).
(c) Business Activities
(ii) Public sector enterprise –
Meaning and characteristics. Types of Departmental undertaking, public
business activities: industry and commerce; corporation, and government
classification of industry (primary, companies (Meaning and features
secondary and tertiary – meaning and only).
examples of each). (iii) Joint Sector Enterprises – Meaning,
features only.

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2. Important departments of a Commercial including cash discount, bad debts and
Organization opening and closing entries need not be
covered).
(a) Production
(e) Ledger
(b) Purchasing and Stores
Meaning, posting and balancing of ledger
(c) Marketing and Sales
accounts. (Ledger posting on the basis of
(d) Finance and Accounting simple journal entries).
(e) Human Resources
(f) General Administration, Legal and (f) Trial balance
Compliance
Meaning, objectives and preparation of
(g) Management Information System (MIS) trial balance with the given set of ledger
Meaning and objectives of each of the above. account balances.

3. Communication in Commercial (Re-drafting of trial balance need not be
Organisations covered.)

Meaning and process; role of communication (g) Cash Book
in a commercial organisation; different Meaning, types of cash books, preparation
methods of communication: letter, e-mail, of single column cash book
conference calling (audio & video), telephonic
conversation, social media – meaning of each. 5. Banking

4. Introduction to Accounting and Bookkeeping Commercial Banks - Functions and Types of
Accounts (Savings, Current, Recurring & Fixed
(a) Meaning and objective Account – meaning and difference only).
Meaning of accounting and bookkeeping; 6. Trade
objective of accounting; accounting cycle;
distinction between accounting and (a) Channels of distribution
bookkeeping. Physical - C & F Agents, Wholesalers,
(b) Basic accounting terminology Distributors & Retailers (meaning only).

Capital, liability, asset, revenue, expense, (b) E-commerce & E-trade
purchase, sales, stocks, debtors, creditors, Merits and demerits of online trading.
drawings, debit and credit, discount
(Meaning only). 7. Social Responsibility of Commercial
Organisations towards the Environment
(c) Basic accounting principles and concepts.
 E- Waste Management
Business entity, money measurement, going
concern, accounting period, dual aspect  Recycling
and accounting equation, matching  Afforestation
principle, principle of full disclosure –
meaning and examples.  Eco Friendly products
(d) Journal  Legal Compliance of environmental norms
Meaning of Journal; and classification of A brief understanding of the above.
accounts, rules of debit and credit.
Recording of transactions in journal. INTERNAL ASSESSMENT
(Simple numerical based on the A minimum of three assignments are to be done
terminology mentioned in part (b) need to during the year, as assigned by the teacher.
be covered. Compound journal entries

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CLASS X
There will be one written paper of two hours exploitation; meaning and types,
duration carrying 80 marks and Internal Importance of consumer awareness.
Assessment of 20 marks.
(f) E-commerce
The paper will be divided into two sections A and B.
Introduction and benefits over traditional
Section A (Compulsory) will consist of questions methods of transactions, E-tailing,
requiring short answers and will cover the entire E-advertising, E-marketing and E-security
syllabus. There will be no choice of questions.
(meaning only). ERP and its modules (brief
Section B will consist of questions, which will concept).
require detailed answers. There will be a choice
and candidates will be required to answer four 3. Finance and Accounting
questions from this section. (a) Capital and Revenue
Capital and revenue receipts, capital and
1. Stakeholders in Commercial Organisations
revenue expenditure (meaning, difference
(a) Meaning of stakeholder, types: Internal and examples) deferred revenue
(shareholder, employee and employer – expenditure (meaning and examples)
meaning of each) and External
stakeholders (supplier, creditor, (b) Final accounts of Sole Proprietorship
government and society – meaning of  Meaning and preparation of Trading
each); differences between internal and account, Profit and Loss account and
external stakeholders. Balance sheet based on the given trial
(b) Expectations of employers (owners and balance with the adjustment of closing
managers), employees, creditors and stock only.
suppliers, government and society from a
 (Preparation of manufacturing
commercial organization.
account, profit and loss on sale of
2. Marketing and Sales assets, intangible and fictitious assets,
(a) Marketing prepaid and accrued expenses and
Meaning and objectives of marketing. incomes are excluded.)
Difference between marketing and sales. (c) Costs
(b) Product and service Fundamental concept of Cost Classification
Meaning and difference between a product of costs- based on behaviour (fixed,
and a service (with examples). variable, semi-variable), nature (direct,
indirect).
(c) Pricing
Meaning and objectives (d) Budgeting
(d) Advertising and Sales promotion Meaning and utility of budgeting;
comparison between budgeting and
Advertising: meaning, importance of forecasting; types of budgets: sales,
advertising; merits and demerits, difference production, cash, purchase and master –
between advertising and publicity.
meaning only.
Advertising Agency; meaning and functions
only, Social advertising media - Concept (e) Sources of Finance
and examples only. (i) Capital Market
Sales promotion – meaning and techniques; Meaning and functions of Capital
difference between advertising and sales Market.
promotion.
(ii) Sources of raising capital.
(e) Consumer Protection
Long term: Meaning of shares
Consumer Protection Act (2019); features
(Types; preference and equity) and
of the Act, rights of a consumer, Consumer
debentures, differences between the two.

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Short term: loans from commercial (ii) Internet Banking
banks (cash credit, overdraft,
Modes of transferring money / Net
discounting of bills – meaning only).
Banking: NEFT, RTGS, IMPS, mobile
4. Human Resources wallets: meaning only.
(a) Recruitment, selection and training. ATM, Credit & Debit cards- meaning &
(i) Recruitment – meaning; sources: difference, caution to be taken while using
internal and external; advantages and these cards.
disadvantages of internal and external (iii) Financial fraudulent practices
sources.
Credit card fraud, false accounting,
(ii) Selection - meaning and steps, types of
insurance fraud, intellectual property
selection tests.
fraud, internet and cyber fraud. A brief
(iii) Training – meaning, objectives and understanding of these types of financial
methods of training (on the job and off fraud.
the job).
7. Government initiatives in Environment
(b) Industrial relations and trade unions. Protection.
Industrial relations: Meaning and
(i) Environment (Protection) Act, 1986 -
objectives; Trade Unions: Meaning and
Functions. Features of the act.
(c) Social Security (ii) Central Pollution Control Board -
Concept of Social Security; brief reference Functions only.
to Provident Fund, Gratuity, Pension,
Group Insurance and Maternity Benefits. INTERNAL ASSESSMENT
New Pension Scheme. (Acts are not A minimum of three assignments are to be done
required). during the year, as assigned by the teacher.
5. Logistics EVALUATION
Meaning of logistics and its classification. The project work is to be evaluated by the subject
(a) Transportation teacher and by an External Examiner. The External
Modes of transportation: land (road and Examiner shall be nominated by the Head of the
rail), air and water; merits and demerits of school and may be a teacher from the faculty, but
each. not teaching the subject in the relevant
section/class. For example, a teacher of
(b) Warehousing Commerce/Accounts of Class XI may be deputed to
Meaning, importance and types (public, be the External Examiner for Class X Commercial
private and bonded – meaning only). Studies project work.
(c) Insurance The Internal Examiner and the External Examiner
Meaning; Types of insurance: Life will assess the candidate’s work independently.
insurance, General insurance; (Fire, Award of marks (20 Marks)
Health and Marine - meaning only)
principles of insurance. Subject Teacher (Internal Examiner) 10 marks
6. Banking External Examiner 10 marks
(i) Central Bank The total mark obtained out of 20 are to be sent to
the Council by the Head of the school.
Central Bank: Meaning and functions,
Difference between the Central Bank and The Head of the school will be responsible for the
Commercial Banks. online entry of marks on the Council’s CAREERS
portal by the due date.

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