MPPSC PRELIMINARY EXAMINATION
COMMERCE (CODE NO. 12)
1. Theoretical Accounting
- Nature, Objectives, Principles, Concept, Convention & limitation, Accounting Process.
2. Practical Accounting
- Final Accounts with Adjustments, Capital and Revenue Items, depreciation Reserves -Provisions and Funds.
3. Partnership Accounts
- Partnership deed, Admission, Retirement, Death and dissolution.
4. Company Accounts
- Issue, forfeiture and re-issue of shares, Issue of Right and Bonus Shares, Issue and Redemption of Debenture, Final Accounts, Analysis and Interpretation of Published Accounts.
5. Cost Accounts
- Nature, objectives & importance, Elements of cost, Cost-sheets, Tenders, Reconciliation of cost and Financial Accounts.
6. Auditing
- Nature, objects and importance; Audit Programe, Appointment of Auditor, Rights, Duties and Liabilities of an Auditor.
7. Management
- Concepts - traditional & Modern Functions of Management : Planning, Organization, Staffing, Direction, co-ordination & control, decision making , Communication Professional Management.
8. Secretarial Practice
- Appointment of company secretary, Rights, duties and liabilities of company secretary, position of Company Secretary Meetings- Drafting, Notice, Agenda & minutes.
9. Commercial Maths.
- Simultaneous Equations, Calculation of Average, Ratio, Commission, Profit & Loss and Interest- Simple & Compound.
10. Different Dimensions of Commerce
- Entrepreneurship - Nature, Functions and importance.
- Stock exchange - Functions and Importance.
- Multi national companies & their functions.
- Factors affecting Business Environment.
- Characteristics of E-commerce.
- Application of Computers in business.
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