UPMSP High School Commerce study plan

State the accounting equation and classify 20 given accounts as asset, liability, capital, revenue or expense without error.

Journalise 15 transactions covering cash, credit, returns and discount in the standard journal format with correct narration.

Post 10 journal entries to ledger accounts and balance each account, showing the closing balance carried down.

Prepare a trial balance from a ledger you have posted yourself and identify any difference by preparing a suspense account.

Prepare a two-column and a three-column cash book from a list of 20 receipts and payments, reconciling cash and bank columns.

Draw up a bank reconciliation statement from a given cash book and pass book extract, explaining each reconciling item.

Record depreciation under the straight-line and written-down-value methods for three years on the same asset and compare the charge.

Adjust 8 year-end items (outstanding, prepaid, accrued, depreciation, bad debts) through final accounts.

Construct a trading and profit and loss account and balance sheet from a given trial balance with 6 adjustments, in the correct statutory order.

Correct 5 errors using a suspense account and distinguish errors that do not affect the trial balance.

Explain the difference between a sole trader, partnership and joint stock company in terms of liability, ownership and continuity.

Compare the functions of the different levels of management and classify 10 business activities under planning, organising, staffing, directing or controlling.

Describe the merits and limitations of sole proprietorship, partnership, cooperative society and company, giving two points each.

Outline the steps in company formation and distinguish between a private and a public limited company on five counts.

Compute mean, median and mode for three data sets and state which measure suits skewed data.

Calculate simple and compound interest, including half-yearly compounding, on 10 practice problems.

Calculate index numbers using the simple aggregative and Laspeyres methods and interpret the result.

Draw and interpret a bar diagram, histogram and pie chart from given data, labelling axes correctly.

Define the basic economic concepts of wants, scarcity, utility and opportunity cost with one example each.

Distinguish between the four factors of production and explain the reward each earns.

Explain the laws of demand and supply and draw the curves, marking equilibrium price and quantity.

Calculate price elasticity of demand for 5 cases using the percentage method and classify each as elastic or inelastic.

Describe the main physical and commercial factors influencing the location of an industry, with one Indian example.

Identify the major industrial regions and crop belts of India on an outline map from memory.

Explain the primary, secondary and tertiary functions of a commercial bank and distinguish a current account from a savings account.

Describe the main types of life and general insurance policies and the principle of indemnity.

Outline the sources of finance available to a small business, separating owned from borrowed funds.

Draft a one-page business plan for a small local venture covering product, market, cost and expected profit.

State the rights of a consumer under consumer protection law and list the steps for filing a complaint.

Identify unfair trade practices in 5 given business scenarios and name the authority approached.

Revise the full accountancy syllabus by re-solving one final-accounts and one bank reconciliation problem under timed conditions.

Take two full-length mock tests and review every wrong answer, logging the reason for each error.