Skip to main content
Super TutorResources
Chapter 12 of 20
QuestionsNotesFlashcardsSummaryFormulasQuizConceptsSyllabusPlan
Syllabus

Purchase and Sale

NIOS · Class 10 · Business Studies

Complete topic list for Purchase and Sale in NIOS Class 10 Business Studies. Key concepts, sub-topics, and what to focus on for board exams.

73 questions36 flashcards5 concepts

Interactive on Super Tutor

Studying Purchase and Sale? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for syllabus and more.

Try Super Tutor — Free

1,000+ Class 10 students started this chapter today

4 Topics · NIOS Class 10 Business Studies

Topics in Purchase and Sale

1

1. Meaning of Purchase and Sale

  • Purchase and sale always go together. Whenever there is a sale, there is also a purchase.
  • In every sale and purchase, there are two parties: the seller and the buyer.
  • Purchase is the transfer of ownership of goods or property into the buyer's name on payment of money.
2

2. Modes of Purchase

  • Goods may be purchased by inspection, by sample or pattern, or by description or brand.
  • Purchase by inspection means checking the goods personally before buying.
  • This method is common in retail buying.
3

3. Methods of Sale

  • Methods of sale include hire purchase basis, deferred instalment plan, sale on approval basis, sale through tender, auction sale, and wash sales.
  • Hire purchase is used for durable and expensive items like car, motorcycle, TV, and machinery.
  • In hire purchase, ownership remains with the seller until all instalments are paid.
4

4. Modes of Payment

  • Payment may be immediate or deferred.
  • Immediate payment means full payment is made in cash at the time of purchase.
  • A seller is not bound to accept payment by cheque unless there is an express or implied agreement to that effect.

Key Concepts

Central concept: Purchase and sale as essential business activities

Meaning of purchaseMeaning of saleSeller and buyerSelling and marketingModes of purchaseMethods of saleModes of paymentSelling procedure

Frequently Asked Questions

What are the important topics in Purchase and Sale for NIOS Class 10 Business Studies?
Purchase and Sale covers several key topics that are frequently asked in NIOS Class 10 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Purchase and Sale — NIOS Class 10 Business Studies?
Understand the core concepts first, then work through the 73 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Purchase and Sale

All 20 chapters — NIOS Class 10 Business Studies Syllabus

For serious students

Get the full Purchase and Sale chapter — for free.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for NIOS Class 10 Business Studies.

Try Super Tutor Free
Try the full chapter — Free