ICSE Class 9 Specimen Paper for Commercial Studies

CLASS IX

COMMERCIAL STUDIES
(Two Hours)

Answers to this Paper must be written on the paper provided separately.

You will not be allowed to write during the first 15 minutes.

This time is to be spent in reading the question paper.

The time given at the head of this Paper is the time allowed for writing the answers.

Attempt all questions from Section A and any four questions from Section B.

The intended marks for questions or parts of questions are given in brackets [ ].

SECTION A (40 Marks)
Attempt all questions from this Section
Question 1
Distinguish between:
(a) Commercial and Non-commercial activities [2]

(b) Book keeping and Accounting [2]

(c) Saving and Fixed deposit [2]

(d) Journal and Ledger [2]

(e) Wholesale and Retail trade [2]

Question 2
(a) Explain ‘Profession’? Give one example. [2]

(b) Name any two principles of accounting. [2]

(c) Explain E-trading. [2]

(d) State any two objectives of a trial balance. [2]

(e) Explain non-profit organisations. Give one example. [2]

This paper consists of 4 printed pages.
Commercial Studies Specimen Paper - Class IX - 2019 onwards Turn over

Question 3
(a) What do you understand by E-waste management? [2]

(b) Name any two eco friendly products. [2]

(c) Explain joint stock company. [2]

(d) State any two features of a co-operative society. [2]

(e) Briefly explain ‘Accounting Cycle’. [2]

Question 4
(a) Explain the term ‘Communication’. [2]

(b) Explain ‘Posting’. [2]

(c) State any one objective of Human Resource Department. [2]

(d) Mention any two features of a government company. [2]

(e) State any two features of employment. [2]

SECTION B (40 Marks)
Attempt any four questions from this Section

Question 5
(a) Explain the primary functions of a Commercial Bank. [5]

(b) State any three merits and any two demerits of online trading. [5]

Question 6

(a) Explain the golden rules of debit and credit of accounts. [5]

(b) Explain briefly any five aids to trade. [5]

Commercial Studies Specimen Paper - Class IX - 2019 onwards 2

Question 7

(a) Define partnership. Explain any four features of partnership. [5]

(b) Write short notes on: [5]

(i) E-mail

(ii) Social Media

Question 8

(a) Explain primary and secondary industries with examples. [5]

(b) Prepare a trial balances from the ledger balances of M/s. Agarwal & Sons as [5]
at 31st March 2018.

Capital ` 60,000.00 Advertising ` 9,200.00
Purchases ` 42,500.00 Furniture ` 14,300.00
Sales ` 52,600.00 Sundry Debtor ` 25,000.00
Opening Stock ` 16,500.00 Sundry Creditor ` 23,000.00
Building ` 33,500.00 Interest on investments ` 15,000.00
Closing Stock ` 1,500.00 Commission Received ` 3,400.00
Carriage on Sale ` 1,500.00 Return Inward ` 1,500.00
Salaries ` 8,000.00 Carriage on Purchase ` 2,000.00

Question 9
(a) Explain the elements of the communication process. [5]

(b) Write short notes on: [5]
(i) Asset
(ii) Discount

Commercial Studies Specimen Paper - Class IX - 2019 onwards 3
Turn Over

Question 10

Prepare a single column Cash Book (Cash column only) from the following [10]
transactions of M/s Chaterjee & Sons for the month of April 2018:

April 1 Cash in hand ` 4,510/-

April 2 Purchased goods from Mr. Roy in cash ` 15,000/-

April 5 Received commission in cash ` 3,500/-

April 10 Sold goods in cash ` 25,000/-

April 15 Purchased furniture by cheque ` 20,000/-

April 18 Paid electricity bill ` 3,800/-

April 20 Paid staff salaries ` 5,200/-

April 23 Withdrawn cash from business for personal use ` 5,000/-

April 25 Cash further invested in business ` 20,000/-

April 28 A cheque received from Mr. Roy and deposited
into bank. ` 15,000/-

April 30 Purchased machinery in cash ` 10,000/-

Commercial Studies Specimen Paper - Class IX - 2019 onwards 4