Let's Talk About "What Is Commerce?" and What It Means

Commerce refers to trade between individuals and businesses of sale of goods and services. It is considered the third main stream along with Science and Arts. Commerce: commerce is a field that covers various topics on business, trade, accounting, financial information and transactions, as well as merchandising. Commerce also has a crucial role in the development and improvement of the nationals and their living standards by trading products both at domestic and international levels.

Details of Commerce

Class 12 Commerce Subjects Accountancy (Mandatory), Business Studies (Mandatory), Economics (Mandatory), English (Mandatory), Informatics Practices/ Mathematics (Mandatory), Physical Education (Optional)...

Commerce is a broad field that involves studying the business world in depth. It covers a variety of subjects, including:

Accountancy

Involves keeping financial records for a business entity, such as a company, to determine its profit or loss and financial position over a specific time period. Accountancy topics include accounting principles, bank reconciliation statements, and calculating profit and loss.

Business Studies

An interdisciplinary subject that introduces students to the various aspects of running a business, such as marketing, entrepreneurship, human resource management, and business ethics. It provides students with a foundation for understanding how businesses operate and can improve communication skills.

Economics

The study of how to best use limited resources, both at the micro and macro levels. It also examines how commodities and services are created, exchanged, and used in society.

Mathematics:

Mathematics plays a crucial role in the world of commerce as it provides the foundation for understanding and analyzing numerical data. Whether it’s an individual or an organization, having a basic grasp of mathematical principles is essential for comprehending their current and future financial standing. Mathematics is widely employed in various aspects of commerce, such as inventory management, marketing strategies, accounting practices, financial analysis, and sales forecasting. These fields heavily rely on mathematical tools and techniques to make informed decisions and effectively manage resources.

English:

English is a mandatory subject in 11th grade for students across all streams. It is one of India’s official and most widely spoken languages globally.

Language Studies:

Suppose you’re interested in delving into the complexities of languages alongside your commerce subjects. In that case, you can opt for a native language like Hindi, Gujarati or a foreign language such as German or French.

Why Choose Commerce After 10th?

The appeal of the diverse opportunities within the commerce stream attracts millions of students.

Opting for commerce opens avenues to lucrative professional courses post-12th, such as Chartered Accountancy (CA), Company Secretary (CS), Cost and Management Accountant (CMA), Chartered Financial Accountancy (CFA), etc.

Every subject in commerce has practical applications in our daily lives, whether it’s business studies or accountancy.

Commerce equips you to navigate economic changes in our ever-changing world.

As a commerce student, you gain an advantage in entrepreneurial skills, positioning you well for success, especially if you plan to start your own business.

The best field for a student after 12th grade depends on their interests, strengths, and career aspirations.

Some popular fields for Commerce students after 12th grade include: