How would you explain terms like Commercial floriculture and Hi-tech floriculture?
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Solution and Explanation
Commercial Floriculture
This refers to the large-scale cultivation of flowering plants and cut flowers primarily for sale in the market. It focuses on producing high-quality flowers in quantities sufficient to meet commercial demand. It involves activities like propagation, growing, harvesting, processing, and marketing of flowers and ornamental plants.
Hi-tech Floriculture
This involves the use of advanced technologies and modern scientific methods in the production of flowers. Techniques such as protected cultivation (greenhouses, polyhouses), use of automated irrigation, climate control, use of growth regulators, and tissue culture are part of hi-tech floriculture to increase yield, quality, and efficiency.
Key Differences:
- Commercial floriculture can be traditional or hi-tech depending on the scale and technology use.
- Hi-tech floriculture emphasizes innovation and technology for better productivity.
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Questions Asked in CBSE CLASS XII exam
- Nita, Vidur and Mita were partners in a firm sharing profits and losses in the ratio of 3 : 4 : 1. On 1st April 2024, they decided to admit Samir as a new partner. The new profit sharing ratio between Nita, Vidur, Mita and Samir will now be 1 : 1 : 1 : 1. The balance sheet of Nita, Vidur and Mita before Samir’s admission showed machinery at ₹ 6,00,000. On the date of admission, it was found that the machinery is overvalued by 20%. The value of machinery shown in the new Balance Sheet after Samir’s admission will be :
- CBSE CLASS XII - 2025
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On application and allotment – ₹ 7 (incl. ₹ 1 premium)
On first and final call – Balance.
Applications received for 2,40,000 shares. 30,000 rejected. Manvi allotted 4,000 shares failed to pay first and final call. Her shares were forfeited. These were reissued at ₹ 4 per share fully paid-up.
Pass journal entries in the books of Altima Ltd.- CBSE CLASS XII - 2025
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- CBSE CLASS XII - 2025
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Alexia Limited invited applications for issuing 1,00,000 equity shares of ₹ 10 each at premium of ₹ 10 per share.
The amount was payable as follows:- On application ₹ 9 per share (Including premium ₹ 6 per share)
- On allotment ₹ 8 per share (Including premium ₹ 4 per share)
- On first and final call ₹ 3 per share.
Applications were received for 1,50,000 equity shares and allotment was made to the applicants as follows:
Category A: Applicants for 90,000 shares were allotted 70,000 shares.
Category B: Applicants for 60,000 shares were allotted 30,000 shares.
Excess money received on application was adjusted towards allotment and first and final call.
Shekhar, who had applied for 1200 shares failed to pay the first and final call. Shekhar belonged to category B.
Pass necessary journal entries for the above transactions in the books of Alexia Limited. Open calls in arrears and calls in advance account, wherever necessary.