TS Intermediate 1st Year Commerce Syllabus (2022 -2023)

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If you are TS intermediate Student then you are well aware of changes that happened in Intermediate Syllabus before and during the pandemic.

Now, TSBIE has prescribed a 100% syllabus for the Academic Year 2022-23 for all the students of both I & II Year Intermediate Education as the pandemic has lost its effect and all the Junior colleges have been working since 15th June 2022.

Hence, the Government of Telangana, the TSBIE prescribed a 100% syllabus as well as a Model Question Paper for Intermediate Public Examination (IPE) & Intermediate Public Advanced Supplementary Examination (IPASE)- 2023, which we used to follow before the COVID-19 pandemic.

In this post, you will find all the information regarding the Intermediate first-year new 100% syllabus for Commerce subject. (w.e.f 2019-2020) applicable for the march 2020 Final Exams and the 2023 Final Exams.

Telangana State Board of Intermediate Education, Hyderabad

Syllabus(w.e.f 2019-2020)

Applicable for 2022-2023

Commerce -I (Part - I)

UNIT – I: EVOLUTION AND FUNDAMENTALS OF BUSINESS

Introduction to Business: History of commerce in India – Classification of human activities; economic and non-economic – Types of economic activities; Business – Profession & employment – Concept – meaning – features – objectives; corporate social responsibility of business

Business Activities: Concept of Industry and Commerce – Hindrances involved in Commerce - Branches of Commerce – the interrelationship between industry, trade and commerce – a distinction between industry, trade and commerce

UNIT – II: FORMS OF BUSINESS ORGANIZATIONS

Concept and Meaning of business organization – forms of business organization.

Sole Proprietorship: Meaning and definitions – features – advantages and disadvantages of Sole proprietorship.

Joint Hindu Family Business and Co-operative Societies: Meaning – features – advantages and disadvantages of Joint Hindu Family Business; Co-operative societies

– Meaning – definition - feature and types – advantages and disadvantages of co-operative societies.

Partnership Firm: Meaning and definition – features of a Partnership firm – Types of partners – advantages and disadvantages of partnership firm – Limited liability partnership firm – Registration of partnership firm – partnership deed – Rights and duties of partners – the dissolution of a partnership firm.

Joint Stock Company: Meaning and Definition of a Company as per companies Act – 2013 – features and classification of joint stock companies – Differences between a private company and public company – Advantages and disadvantages of joint stock companies.

UNIT – III: FORMATION OF COMPANY AS PER COMPANIES ACT-2013

Formation of Company: Formation of a Company - Steps in formation of a company

– promotion – functions of promoters – types of promoters – incorporation or registration of a company – Capital subscription - commencement of business – memorandum of association – articles of association – prospectus – minimum subscription and certificate of commencement of business.

UNIT – IV: SOURCES OF BUSINESS FINANCE

Meaning of Business Finance – Nature and need – the significance of Business Finance Classification of Sources of funds – Factors determining the choice of source of finance.

Non- Institutional Sources of finance – Institutional Sources of Finance and International sources of a fiancé.

UNIT – V: MSME and MNCs

MSMEs: Meaning and definition of enterprise and MSMEs – Registration requirements under MSMED Act, 2006 – the significance of MSMEs – Privileges offered to MSMEs – other promotional measures for MSMEs.

MNCs: Meaning and definition – the necessity of globalization – MNCs – Features – Advantages and Disadvantages of MNCs.

Emerging Trends in Business: Meaning and Definition of E–business – Scope of E-business – Benefits of E-business – Opportunities and challenges of business 21st century.

PART – B (Accountancy – I)

Unit – I: Introduction to Accounting.

Bookkeeping and accounting.: Introduction- Bookkeeping- Accounting- Basics Accounting Terms.

Accounting principle: Accounting Principle- GAAP- Accounting Concept- Accounting Conventions - Accounting Standards- IFRS.

Recording of Business Transactions: Concept of the voucher, preparation of voucher - Accounting equation- Basis of accounting- Systems of Accounting- Meaning of Account - Classification of Accounts- Rules of Debit and Credit- Journal and Ledger.

Unit – II: Subsidiary Books

Meaning- Needs and Advantage - Types of subsidiary books- Preparation of Subsidiary Books.

Unit- III: Cash book and Bank Reconciliation Statement.

Cash Book: Meaning- characteristics- Importance and Advantages of cash book- Types of cash books and their preparation- Simple cash book- 2 column cash book (cash and discount &Bank and discount column). – Three column cash book- petty cash book

Bank Reconciliation Statement: Nature of the cash book and passbook. ( bank statement)- reasons for differences- meaning and advantages of BRS. – procedure for preparation of a BRS- preparation of BRS under favourable an unfavourable (overdraft) balances

Unit- IV: Trial Balance and Rectification of Errors

Trial balance.: Meaning- features or characteristics- objectives- merits and limitations of trial balance- types of preparation of trial balance.

Rectifications of error.: Meaning- types of errors- suspense account and rectification of errors.

Unit- V: Final accounts of Sole trading concerns.

Meaning- objectives of the preparation of final accounts- capital and revenue items- preparation of trading and manufacturing account- preparation of profit and loss account and preparation of balance sheet. – preparation of final accounts without and with adjustments.

If you want to download the Telangana State Intermediate 1st Year Commerce 100% syllabus along with the model paper then click👉👉👉👉 here.

You can also find the whole syllabus in your textbook, which you can buy from the Amazon website. if you haven't purchased yet. Buy all CEC Textbook from here

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