Commerce Mock Tests

Commerce Syllabus for WB SLST 2025 (Class XI-XII)

This syllabus is designed to provide students with a comprehensive understanding of fundamental commerce concepts, practical accounting skills, and essential business knowledge required for academic and professional success.

1. Accounting

• Financial Accounting: Principles of accounting, journal entries, ledger posting, methods of depreciation, preparation of final accounts including trading, profit & loss account, and balance sheet.
• Cost & Management Accounting: Preparation and analysis of cost sheets, budgeting techniques, ratio analysis for financial health assessment, and fund flow statements.

2. Auditing

• Types of audits including internal and tax audits.
• Vouching of transactions to verify authenticity.
• Verification and valuation of assets and liabilities.
• Preparation and understanding of audit reports and their significance.

3. Taxation

• Income Tax: Basic concepts including residential status, different heads of income, and computation of taxable income.
• Goods and Services Tax (GST): Fundamentals of GST, registration, invoicing, input tax credit, and filing of returns.

4. Business Mathematics & Statistics

• Calculation of simple and compound interest, annuities.
• Measures of central tendency such as averages.
• Index numbers and their construction.
• Correlation analysis and interpretation of statistical data.

5. Business Organisation & Management

• Principles and functions of management.
• Different forms of business organizations including sole proprietorship, partnership, and companies.
• Human Resource Management (HRM) fundamentals.
• Marketing mix (4 Ps) and strategies.
• Financial planning and its importance in business.

6. Business Economics

• Microeconomics: Concepts of demand, utility, elasticity, and market structures.
• Macroeconomics: National income (GDP), inflation, monetary and fiscal policy, and IS-LM model basics.

Important Notes: Emphasis is placed on practical application of concepts, problem-solving skills, and understanding of current business practices. Students are encouraged to refer to updated tax laws and economic policies relevant to the examination year.