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B.COM PART 2: GUESS PAPERS

B.COM PART 2
GUESS PAPERS
BY
SIR KHALID AZIZ
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BANKING & FINANCE IMPORTANT

QUESTIONS
BY KHALID AZIZ
1) Define a bank and explain its evolution. Describe various functions of a
commercial bank.
2) Define a central bank, list its functions and explain them.
3) Define credit instruments and briefly describe their kinds.
4) Define a cheque and describe briefly its kinds and why a cheque is dishonored by
bank.
5) Write note on State Bank of Pakistan. What are relations between scheduled banks
and SBP?
6) State the kinds of bank account and list the steps involved in opening a bank
account.
7) Define endorsement and describe its kinds.
8) Describe in detail the principles of employing bank fund.
9) How does a bank create credit?
10) What is working capital? What are its functions and importance? What is equation
of working capital?
11) What is business finance and describe its types.
12) Short Notes
a) Credit control
b) Bill of exchange
c) Promissory Note
d) Discounting a bill of exchange
e) Letter of credit
f) Noting and protesting
g) Qarz e Hasana
h) Distinguish between qarz e hasana and loan
i) Modarba & Musharka
j) NIT
k) IDBP
l) Islamic Banking
m) Interest free banking
n) Markup and interest
o) Sources of business finance
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B.COM PART 2: AUDITING AND INCOME TAX ,

IMPORTANT QUESTION BY KHALID AZIZ
1) Define auditing and describe its Objectives and Limitations.
2) Define investigation and distinguish it with auditing.
3) Describe the rights and duties of an auditor.
4) What are various types of audit?
5) What are audit work papers? What are their purposes? What are the usual contents
of audit work papers?
6) Define audit techniques, name them and explain any five of them.
7) What is meant by evidence in auditing? Name the various types of audit evidence.
8) Write a detailed note on audit program.
9) Distinguish between financial audit and cost audit.
10) What points should be considered while auditing the annual accounts of a hotel &
restaurant, Banks, Doctors, Educational institutions, charitable institutions.
11) What are divisible profits? What should be the guiding principles in determining
the divisible profits?
12) Explain the importance of an accurate valuation of inventories and list steps for
the verification of inventories.
13) Define fraud and explain types of fraud.
14) Write detailed notes on internal control, internal audit and cost audit.
15) Audit report (qualified and unqualified)
16) Income tax short notes:
A. Total income
B. Income year & Tax year
C. Sales tax
D. Income tax authorities
E. Powers of income tax officers
F. Tax payers
G. Federal board of revenue H) Registered firm
I. Persons J) Assessment year
K. Appellate tribunal
L. Assessee & Resident
M. Casual income
N. Self assessment scheme

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MANAGEMENT IMPORTANT QUESTIONS

BY KHALID AZIZ
1) Define management. State briefly the universal functions of a manager.
2) Define planning. Discuss briefly the various steps involved in planning. Importance
of Planning. Barriers in Planning.
3) Define staffing. Describe briefly the various steps involved in staffing.
4) Define groups. How they grow? And how they flow? Types of Groups.
5) Explain policies, rules and procedures in detail.
6) Define decision making. State the guidelines of decision making. What is rational
decision making? Limitations of Rational Decision Making.
7) What is MBO? What are its characteristics and its objectives?
8) Define motivation and list various theories of motivation.
9) What is communication? What are the steps involved in communication? Briefly
state various barriers to communication.
10) Explain briefly the phases of control. State the characteristics of a good control
system.
11) Define Leadership. Types of Leadership. Qualities of a leader. Leadership styles.
Difference between Leader and a Manager.
12) Notes
a) Orientation & Training and Performance Appraisal.
b) William. G. Scots 4 pillars of organization
c) Budget & its types
d) Mc Gregors X & Y theory
e) Span of management
f) Hawthorn effect, Elton Mayos human relations theory
g) Management audit
h) Henry Fayols 14 principles of management
i) Role of Frederick. W. Taylor in management
j) Nominal group technique & Delphi technique
k) Abraham Maslows theory of humanistic approach about human need
l) 5 cs of communication.
m) Line, Staff and Functional Organization.
n) Monetary and Non Monetary Incentives which can be used to motivate
employees.
o) Staffing and its Process p) Coordination

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B.COM PART 2 ADVANCED AND COST

ACCOUNTING (OLD SYLLABUS) IMP
QUESTIONS:
ABSORPTION/AMALGAMATION:
2011R/P,2010P,2009R,2008P,2006R,2004R,2002
RECONSTRUCTION: 2009P,2008R,2006P,98R
BRANCH ACCOUNTING: 2013P,2012R/P,2011R,2010R,2009R
INSTALLMENT SALES:
2013R,2011R/P,2010P,2009R,2008R,2008P,2007P,2006R,2004R,2002
FINANCIAL STATEMENT ANALYSIS: 2014R,
2013R,2011R,2010P,2009R,96R,97R,98R,2000
CASH FLOW: 2010R/P,2008R,2007R,2006R/P,2005R,2002,2000,96R
STANDARD COSTING: 2011R,2007R
PROCESS COSTING: 2011R,2010P,2009R,2008R,2006P,98P,97R
JOB ORDER COSTING:
2011P,2010R/P,2009R,2007P,2006R/P,2003,2002,99
MANUFACTURING OPERATIONS(COGM):
2011R/P,2010R,2009R/P,2007R,2006RQ3,2006P,2004R,2002

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B.COM PART 2 COST ACCOUNTING 2015

IMPORTANT QUESTIONS:
STANDARD COSTING: 2011R,2007R
PROCESS COSTING: 2011R,2010P,2009R,2008R,2006P,98P,97R
JOB ORDER COSTING:
2011P,2010R/P,2009R,2007P,2006R/P,2003,2002,99
MANUFACTURING OPERATIONS(COGM):
2011R/P,2010R,2009R/P,2007R,2006RQ3,2006P,2004R,2002
MATERIAL LOSSES:
All Questions of past papers.
LABOR COSTING:
All Questions of past papers.
FOH: DEPARMENTALIZATION, ABSORPTION RATES,
VARIANCES (SPENDING AND IDLE CAPACITY):
All Questions of past papers.
FACTORY LEDGER AND GENERAL LEDGER:
All Questions of past papers.

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BUSINESS COMMUNICATION IMPORTANT

QUESTIONS
BY KHALID AZIZ
1) Define communication. Discuss the importance of communication with reference
to an individual and an organization.
2) What legal aspects influence business communication? Discuss any two of them in
detail.
3) Planning is an important step in business communication. Discuss the importance
with reference for six planning steps in communication.
4) Differentiate between sales and sales promotion letter.
5) Letters: Sales, Sales Promotion, Enquiry, Order
6) A job letter with CV.
7) Memo
8) Define interviewing. Discuss the responsibilities of a job interviewer and
interviewee in detail.
9) Short Notes
A. Importance of listening.
B. Dictating.
C. Steps in oral presentation.
D. Openings and closings.
E. Leading and participating.
10) What are business writing principles? Discuss them in detail.
11) Define market report. Explain various classification of market.

12) Explain the following terms.

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1. Bearish hella
2. Bull
3. Short covering
4. Kerb
5. Bearish sentiments
6. Arrival
7. Blue chips
8. Long corner
9. Steady note
10. Bullion market
11. Forward business Script
12. Stag
13. Speculator
14. Square deal
15. Set back
16. Trapped bull
17. Bad book
18. Hedge
19. Slump
20. Jobbers
21. cash list
22. Dumping
23. Firm
24. Striking price
25. Tumble
26. Break even
27. Arbitrage
28. Set back
29. Marketable Securities

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ECONOMICS OF PAKISTAN IMPORTANT

QUESTIONS
BY KHALID AZIZ)
1) Differentiate between economic growth and economic development.
2) Write the definition, objectives and main measures of Economic Development.
What are the obstacles to the economic development of Pakistan? Discuss and
suggest the remedial measures.
3) What are the causes of agricultural backwardness in Pakistan? Suggest measures
to resolve the problems.
4) Discuss the importance of mechanization of agriculture, how far it is successful in
Pakistan?
5) Industrial development is the basis of economic development, discuss with
reference to Pakistan. Reasons for Industrial backwardness and remedies.
6) Explain the role of public investment in the industrial development of Pakistan.
7) Explain the role of small scale industry in an agricultural economy. What steps
the Government of Pakistan has taken to promote these industries.
8) What are the different means of transport and communication in Pakistan?
Discuss the role of computer in the economic development of Pakistan.
9) Highlight the problems of railways in Pakistan; suggest measures to improve the
performance of Pakistan railways.
10)Discuss the current fiscal policy of Pakistan with reference to fiscal budget 20152016.
11) Examine the factors which contribute towards persistent adverse balance of
payments in Pakistan. Explain the measures for correcting adverse balance of
payments in Pakistan.
12) Foreign aid is UNAVOIDABLE to Pakistan. Comments. What are the main
sources of foreign assistance in Pakistan?
13) Why privatization become necessary for Pakistan?
14) Describe in detail common characteristics of developing country like Pakistan.
15) Explain the Role of Human Capital in EDP.

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16) Write notes

a) Problems of industrial labour.
b) Reasons for low exports in Pakistan
c) Major imports and exports of Pakistan
d) Causes of Inflation in Pakistan
e) Balance of trade
f) Heads of income and expenditure of federal government
g) Agricultural Marketing.
h) Present Energy Crisis.

B.COM PART 2 ADVANCED ACCOUNTING

2014 IMPORTANT QUESTIONS:
ABSORPTION/AMALGAMATION:
2012R,2011R/P,2010P,2009R,2008P,2006R,2004R,2002
RECONSTRUCTION: 2013R,2010R,2009P,2008R,2006P,98R
BRANCH ACCOUNTING: 2013P,2012R/P,2011R,2010R,2009R
INSTALLMENT SALES:
2013R,2011R/P,2010P,2009R,2008R,2008P,2007P,2006R,2004R,2002
FINANCIAL STATEMENT ANALYSIS:
2014R,2013R,2011R,2010P,2009R,96R,97R,98R,2000
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CASH FLOW: 2010R/P,2008R,2007R,2006R/P,2005R,2002,2000,96R

FINANCIAL STATEMENTS: ALL QUESTIONS OF PAST PAPERS

BUSINESS & INDUSTRIAL LAW: IMPORTANT

QUESTIONS BY KHALID AZIZ
Commercial Law
Contract Act (With examples)
1) How contract is classified?
2) State the essential elements of an offer. When an offer can be revoked?
3) What do you understand by performance of contract?
4) Give essential elements of valid contract.
5) Define consideration under contract act 1872.What are the exceptions to the rule
No Consideration No Contract.
6) Explain possible ways of Termination of Contract & remedies of Breach of
Contract.
7) What do you understand by capacities of parties under contract act?
8) All agreements enforceable by law are contract. Comment.
9) What is meant by free consent? When consent is said to be free? Also describe
a) Fraud, b) Coercion, c) Undue influence & d) Misrepresentation.
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Other Topics (With examples)

10) Give essentials of agreement to sale. How price determined under Sales of goods
act.
11) Distinguish between sale and agreement to sale.
12) Give the rights of an unpaid seller.
13) What is bill of lading and describe its kinds?
14) Distinguish between bill of lading and charter party, Indemnity and Guarantee,
Bailment and Pledge.
15) Private and common carrier.
16) Price and different kinds of goods.
17) What are negotiable instruments? Differentiate between holder and holder in due
course, bill of exchange and promissory notes.
18) What are various kinds of partners, also describe rights and liabilities of partners
and dissolution of partnership. Minor as a partner. Formation of Partnership.
19) What are rights and duties of surety, bailor and bailee, Agent and Principal,
Mortgagor, Common Carrier.
20) Kinds of Mortgage. Distinguish between Charge and Mortgage.
Industrial Law
1. Strike and Lock out.
2. Ordinary and seasonal Factory.
3. Accident.
4. Provision relating to health and safety of workers.
5. When employer is not liable under workmen compensation act.
6. Total and partial disablement.
7. Unfair labor practice.
8. Inspector and certifying agent.
9. Holidays and working hours.
10. Work council and labor court.
11. Manufacturing process and occupational diseases.
12. Restriction on the employment of women and children.
13. Award and settlement, Wage commission, Occupier.

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B.COM PART 2: GUESS PAPERS

IQRA COMMERCE NETWORK

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