Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
The chapter covers Commercial Mathematics, focusing on Goods and Services Tax (GST), Banking, and Shares and Dividends. It explains key concepts such as GST rates and calculation, banking procedures for Recurring Deposit Accounts, and the fundamentals of shares, dividends, and yield. Formulas are provided for calculations to aid in understanding practical business applications.
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Sections
References
m1.pdfClass Notes
Memorization
What we have learnt
- GST is an indirect tax appl...
- Banking includes deposit in...
- Shares represent ownership ...
Final Test
Revision Tests
What we have learnt
- GST is an indirect tax applied to the supply of goods and services, divided into CGST, SGST, and IGST based on the transaction type.
- Banking includes deposit instruments like Recurring Deposits, providing a way to save and earn interest over time.
- Shares represent ownership in a company, with dividends being the returns paid to shareholders, and yield indicating the returns on investment.
Key Concepts
-
Term: Goods and Services Tax (GST)
Definition: An indirect tax on the supply of goods and services, with different components for intra-state and inter-state transactions.
-
Term: Input Tax Credit (ITC)
Definition: Credit received for the tax paid on purchases, which can offset output tax.
-
Term: Recurring Deposit (RD)
Definition: A savings account where a fixed amount is deposited monthly for a fixed time to accumulate savings.
-
Term: Shares
Definition: Units of ownership in a company, representing a claim on the company's assets and profits.
-
Term: Dividend
Definition: The payment made by a corporation to its shareholders, usually expressed as a percentage of the face value.
-
Term: Yield
Definition: The return on investment expressed as a percentage of the market value of shares.