Commerce is defined as the exchange of goods and services among individuals and business entities. In academics, Commerce is considered to be one of the most popular streams of education along with Science and Arts. Commerce deals with the various aspects of business, trade, accounting, financial information/transactions and merchandising. Commerce plays a significant role in the development of nations and its citizens by facilitating trade between nations or within the nation.
There are 4 main educational boards in India. The students have the liberty to choose the board that they are comfortable with. The choice can be made according to the degree of difficulty associated with the syllabus. The educational boards’ names are mentioned below –
State boards
CBSE – Central Board of Secondary Education
ICSE – Indian Certificate of Secondary Education
IB – International Baccalaureate
Course Details
For both Class 11 and 12 Commerce students, the five subjects that are mandatory are – Accountancy, Business Studies, Economics, Mathematics/ Informatics Practices and English. Apart from these subjects, optional subject are Entrepreneurship and Physical Education.