(Xi) 2024 Target Paper Eco, Poc, Acc & BM by Sir Irfan

ACCOUNTMICS I.
Com (xi) All subjects home tuitions available for

Prepared by Sir Irfan Jan TARGET PAPER WITH ANSWERS I.COM, B.COM, BBA & M.A Economics
M.Phil. (Economics) YEAR-2024 Cell # 0347-3643211
(2024) I.COM (XI) TARGET PAPER

ECONOMICS, POC, ACCOUNTING & B.MATHS
TARGET PAPERS BY SIR IRFAN
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ACCOUNTMICS I. Com (xi) All subjects home tuitions available for
TARGET PAPER (ECONOMICS)

IMPORTANT INSTRUCTIONS:
 These “TARGET PAPERS” is prepared by Sir Irfan according to the exam, which will be
held in May 2024.
 Students, you should start to learn from "IMPORTANT QUESTIONS" then go for
"ADDITIONAL QUESTIONS"
 Chapter-wise MCQs will be provided soon…
 Optional Subjects Crash classes are also available.
2024-I.COM(XI)
MIRCOECONOMICS CHAPTERWISE
TARGETED QUESTIONS
(2024-MICROECONOMICS) IMPORTANT QUESTIONS (SHORT):
CHAP#1: NATURE, SCOPE AND DEFINITIONS OF ECONOMICS
Q#1: Discuss the main points of Marshall's definition of Economics.
Q#2: Describe the practical advantages of the study of Economics.
Q#3: Differentiate between Microeconomics and Macroeconomics
CHAP#2: DEMAND AND SUPPLY

Q#1: Explain the expansion and contraction in quantity and demand.
OR
Explain the rise and fall in demand.
Q#2: State the Law of Supply
Q#3: Differentiate between
a) Change in demand vs change in quantity demand
b) Desire and Demand
Q#4: Write the name of factors the shifts the demand curve.
Q#5: Describe the price elasticity of demand and its degrees.
CHAP#3: CONSUMER PREFERENCE (UTILITY)

Q#1: State the Law of Equi-Marginal Utility.
CHAP#4: ECONOMIES OF SCALE AND FACTORS OF PRODUCTION

Q#1: Define Production. Describe the factors of Production.
OR
Mention the factors that determine the scale of Production.
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Q#2: State the relative importance of the factors to production.
CHAP#5: LAW OF COSTS & LAW OF RETURN

Q#1: State the law of cost & law of Returns.
Q#2: Name the Laws of Returns and the Laws of Costs.
Q#3: State law of constant returns.
CHAP#6: REVENUE AND COST ANALYSIS

Q#1: In the imperfectly competitive market, why are Average Revenue & Marginal Revenue curves negatively
sloped?
OR
Explain the relation between T.R., AR., and M.R. in perfect competition.
Q#2: Differentiate between Fixed Costs and Variable costs.
CHAP#7: MARKET EQUILIBRIUM

Q#1: Write the characteristics of Perfect Competition.
Q#2: Explain the characteristics of Monopoly.
Q#3: Differentiate between Perfect competition and Monopoly
(2024- MICROECONOMICS) IMPORTANT QUESTIONS (LONG):

CHAP#1: NATURE, SCOPE AND DEFINITIONS OF ECONOMICS
Q#1: State the definitions of Economics as stated by Prof. Marshall and Prof. Robbins and compare which of
the two is better and why?
Q#2: “Economics is the study of scarcity and choice”. Critically examine this definition of Economics by Robbins
.

Q#1: State the law of Demand and explain it with the help of a schedule and diagram. Also, write is
assumptions.
CHAP#3: CONSUMER PREFERENCE (UTILITY)

Q#1: Explain the Law of Diminishing Marginal Utility with the help of a schedule and a diagram.
CHAP#7: MARKET EQUILIBRIUM

Q#1: Explain with the help of diagrams, the equilibrium of a firm in perfect competition during the short run.
(2024- MICROECONOMICS) ADDTIONAL QUESTIONS (SHORT):

CHAP#4: ECONOMIES OF SCALE AND FACTORS OF PRODUCTION
Q#1: Define the production of wealth.
Q#2: What are the advantages of Large- scale Production?
Q#3: What are the main functions of an entrepreneur?
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Q#1: Write three examples of application of law of decreasing returns.
Q#2: State the law of increasing return, law of decreasing return and law of constant return.
(2024-MICROECONOMICS) ADDITIONAL QUESTIONS (LONG):

Q#1: Explain the Law of Supply with the help of a schedule and a diagram. Also, describe the assumptions of
the Law.

Q#1: Explain the Laws of Diminishing Marginal Returns with the help of a schedule and diagram.
2024-I.COM(XI)
MARCOECONOMICS CHAPTERWISE
TARGETED QUESTIONS
(2024-MACROECONOMICS) IMPORTANT QUESTIONS (SHORT):

CHAP#1: NATIONAL INCOME AND ITS DETERMINANTS
Q#1: How is the national income of a country measured under the total production method?
OR
Write any one method of measuring the National Income.
Q#2: Mention the difficulties in the measurement of National Income.
Q#3: Distinguish between Personal Income and Personal Disposable Income.
CHAP#2: PUBLIC FINANCE

Q#1: Describe the canons of taxation.
Q#2: Define the budget and write the types of Budgets.
Q#3: Distinguish between Private finance and public finance.
Q#4: Differentiate between Zakat and Tax.
CHAP#3: TRADE CYCLE

Q#1: Name the different phases of the Trade Cycle and describe anyone.
CHAP4#: MONEY
Q#1: State the Quantity Theory of Money.
Q#2: Enlist the characteristics of good money.
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Q#3: What is meant by inflation. State the main causes of Inflation.

Q#4: State the difficulties of the Barter System.
OR
State the drawbacks of the Barter System
Q#5: State the economic significance of Zakat.
CHAP#5: INTERNATIONAL TRADE

Q#1: Describe the advantages of International Trade. `
Q#2: Distinguish between
1) Balance of Trade and the Balance of Payment
2) Local trade and international trade
(2024-MACROECONOMICS) IMPORTANT QUESTIONS (LONG):

Q#1: Define National Income and explain its various concepts.

Q#1: Differentiate between Direct tax and Indirect tax. Describe the advantages and disadvantages of Indirect
tax.
CHAP#4: MONEY
Q#1: Define the term Money. Explain the functions of money and types of money.

Q#1: Distinguish between 'Balance of Trade' and 'Balance of Payments. What are the causes of unfavorable
Balance of Payments? How can an unfavorable balance of payments become favorable?
Q#2: Differentiate between Domestic Trade and International Trade. Write the advantages and disadvantages
of International Trade.
(2024- MACROECONOMICS) ADDITIONAL QUESTIONS (SHORT):

Q#1: Why is the study of National Income essential for us?
Q#2: If the gross national product of a country is Rs. 700 billion; foreign remittances Rs.50 billion and
depreciation cost is Rs.75 billion, calculate the gross domestic product and net national product.
Q#3: Calculate NNP if GNP is 60 Billion rupees and depreciation cost is 5 Billion rupees.

Q#1: Write the types of Taxes.
Q#2: Enlist the three examples of direct tax and indirect tax.
Q#3: Differentiate between Nominal Wages and Real Wages.
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CHAP#4: MONEY
Q#1: State the functions of Money.
Q#2: Write down the economic significance of zakat.
(2024-MACROECONOMICS) ADDITIONAL QUESTIONS (LONG):

Q#1: Critically explain the comparative cost theory of international trade.
IMPORTANT NOTE:
 Paid answers to this target paper are available.
 If any student desire to get answers of this paper contact sir Irfan via
WhatsApp number is 0347-3643211
6|Page
TARGET PAPER (POC)
 These “TARGET PAPERS” is prepared by Sir Irfan according to the exam, which will be held in
May 2024.
 Students, you should start to learn from "IMPORTANT QUESTIONS" then go for "ADDITIONAL
QUESTIONS"
2024-I.COM(XI) POC CHAPTERWISE

TARGETED QUESTIONS
(2024-POC) IMPORTANT QUESTIONS (SHORT):
CH#1: AN INTRODUCTION AND SCOPE OF COMMERCE
Q#1: Define the following:
1- Commerce 2- Business 3- Profession 4- Trade 5- Industry 6- E-Commerce
Q#2: Enlist the auxiliaries to Trade. Describe any two auxiliaries to Trade.
CH#2: QUALITIES OF A GOOD BUSINESSMAN & CONSIDERATION OF ESTABLISHING A NEW

BUSINESS
Q#1: Describe four qualities of a good businessman.
CH#3: SOLE-PROPRIETORSHIP & PARTNERSHIP BUSINESS

Q#1: Write any four advantages of Sole proprietorship.
OR
Why is the Sole-proprietorship form of business organization most common in Pakistan?
Q#2: Describe the advantages of Partnership.
OR
Write any four characteristics of Partnership.
Q#3: What are the kinds of partners?
Q#4: What is Partnership Agreement? Enlists its ten contents.
Q#5: Describe the conditions of the dissolution of the Partnership.
CH#4: CORPORATION / JOINT STOCK COMPANY

Q#1: Write any four advantages of a Joint Stock Company.
OR
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Describe the characteristics of a Joint Stock Company.

Q#2: Describe the clauses of the Memorandum of Association.
Q#3: Write any five differences between:
1) Private Limited Company and Public Limited Company.
2) Memorandum of Association and the Article of Association
3) Firm and Company
CH#5: FOREIGN TRADE

Q#1: Write any five differences between Foreign trade and Domestic trade
CH#6: CHANNEL OF DISTRIBUTION

Q#1: State the services of Wholesaler to Retailer.
Q#2: State the Channels of Distribution.
Q#3: State the services of the Wholesaler to Manufacturer.
CH#7: MARKETING
Q#1: Define Marketing and list its functions.
OR
What is the importance of Marketing?
Q#2: Define Insurance. List its various kinds.
OR
List the various types of Insurance. Describe Marine insurance.
Q#3: State four kinds of media of advertisement.
Q#4: Enlist the various modes of Transportation in Pakistan. Describe any two of them.
OR
What are the various channels of Transportation in Pakistan? Explain any two.
Q#5: Enlist the advantages of Warehousing. Explain anyone?
Q#6: Write any five differences between Advertising and Publicity.
CH#8: FINANCE & CHAMBER OF COMMERCE

Q#1: What is meant by Short Term Finance? Enlist any eight of its sources of Short-Term Finance. Describe any
three sources of Short-Term Finance.
Q#2: Define the terms Modarba and Musharka. Describe the parties of Modaraba.
CH#9: BUSINESS LETTERS

Q#1: Draw the sketch of a standard Business letter.
Q#2: Enlist any four characteristics of a good Business letter. Describe Conciseness.
Q#3: Enlist the various kinds of Business letters. Explain the Inquiry letter & Complaint letter.
(2024-POC) IMPORTANT QUESTIONS (LONG):

CH#2: QUALITIES OF A GOOD BUSINESSMAN & CONSIDERATION OF ESTABLISHING A NEW
BUSINESS
Q#1: Describe the essentials of the establishment and operation of a new business
CH#4: CORPORATION / JOINT STOCK COMPANY

Q#1: Define Joint Stock Company. Describe the procedure of incorporation of a Joint Stock Company.
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CH#5: FOREIGN TRADE

Q#1: Explain the procedure of Export Trade. Enlist the documents used in Export Trade.
Q#2: Describe the procedure of importing goods from a foreign country. Enlist documents necessary for import
trade.
CH#7: MARKETING
Q#1: Define Marketing and describe its functions.

Q#1: Describe the qualities of a good Business Letter.
Q#2: Describe the various parts of the Business letter. Draw the sketch of a standard Business letter.
Q#3: Draft an Order letter, for the purchase of electrical goods, assuming the necessary details.
OR
Write an Order letter for importing electronic goods from Germany Assume the necessary details.
OR
Draft an Order Letter containing the names of at least four products. Their descriptions and
quantities. Assume necessary details and particulars.
(2024-POC) ADDITIONAL QUESTIONS (SHORT):

Q#1: State the services of the Retailer to Consumer.
Q#2: Enlist the kinds of Retailing. Explain Chain stores.
CH#7: MARKETING
Q#1: Define Warehousing. Explain any three types of warehouses.
Q#2: Define Salesmanship. What are the qualities of a good Salesman?

Q#1: Describe the kinds of Inquiry letters.
(2024-POC) ADDITIONAL QUESTIONS (LONG):

Q#1: What services does a Wholesaler perform for a Producer and a Retailer?
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TARGET PAPER (ACCOUNTING)

held in May 2024.
FIRST YEAR ACCOUNTING (SHORT QUESTIONS)

Q#1: Define Accounting. Enlist the various steps involved in the accounting cycle. Describe any four of them.
Q#2: ACCOUNTING EQUATION:

For each of the following determine the underlined missing item.
i. The liabilities of a business entity having assets of Rs.400,000 and owner's equity of Rs. 1 80,000
ii. The assets of a business entity having liabilities of Rs.100,000 and owner's equity of Rs.200,000
iii. The Owner's equity of a business entity having assets of Rs.200,000 and liabilities of Rs.70,000
iv. The revenues of a business entity having expenses of Rs. 120,000 and Net Income of Rs.30,000.
v. The expenses of a business entity having revenue of Rs.180,000 and Net loss of Rs.16,000.
Q#3: GENERAL JOURNAL ENTRIES:

On March 01, 2022 Mr. Junaid Khan started a business with cash investment of Rs.300000. The following
transactions were completed during the month:
March 05: Opened a bank account with Rs.100.000.
March 12: Purchased merchandise from Mr. Shameer Rs. 50000 under credit term 2/10 n/30.
March 18: Paid a cheque of Rs. 48900 to Mr. Shameer in full settlement of his account
March 24: Sold merchandise on account to Mr. Shahbaaz Rs. 18000.
March 30: The customer Mr. Shahaaz returned defective merchandise of Rs. 2000 sold on credit.
Required: Record the above transactions in the standard form of General Journal
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Q#4: GENERAL JOURNAL ENTRIES:

The following are transactions completed by Zain ul abideen real state for the month of Apr 2022:
April 01: Invested Cash Rs.720,000 & shop equipment worth Rs.860000.
April 11: Paid shop rent for the month Rs.80000.
April 14: Received commission income cash Rs.20,000 for the Service rendered during the last t
April 22: Received Commission in advance Rs. 55000 for the sale of Flat in Nazimabad.
April 25: Paid salaries Rs. 20000 for the month of April to the employees.
Required:
Record the above transactions in the standard form of General Journal.
Q#5: GENERAL LEDGER:

The Trial Balance of M/S Minahil showed the following balances as on December 31, 2022.
Cash Rs. 10,000, Accounts Receivable Rs.5.000, Merchandise Inventory Rs. 3,000, Bank overdraft Rs.4000
Notes Payable Rs. 8,000 Minahil’s Capital Rs. 10,000
The transactions for the month of December 2022 were as follows:
Dec. 08: Purchase merchandise on account from Razia & Co. for Rs. 7,000
Dec. 12: Sold merchandise to Mubeen Rs. 4500
Dec. 18: Returned merchandise to Razia & Co. Rs. 1,100
Dec. 28: Purchased office equipment on account for Rs. 5,000
Required:
Enter the opening balances and post the above transaction in General Ledgers.
Q#6: CORRECTION OF ERROR:

The following errors were found in the books of Mr. Mushtaq before closing of books
A. Expense on Repair of machinery Rs 5000 are entered in Machinery account.
B. Received cash from Usman & Sons but entered in Usman Brothers Rs 10000
C. Purchase of Office Equipment Rs 15500 recorded as Purchases
D. Credit sales to Amjad Rs 12000 recorded as Cash Sales
E. Depreciation was overcharged by Rs 2100
F. Rent of owners house paid by cheque Rs 15000 recorded as Rent Expense
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Q#7: CASH BOOK:

M/S Jabbar & Co. use three column cash book in their business. On March 1, 2022, they had cash in hand Rs.
50,000 and cash at Bank Rs. 90,000. The following transaction was completed by them during March.
March 05: Sold merchandise for Rs. 36,000.
March 10: Received a cheque from Younus for Rs. 24,500. The cheque was deposited into the bank on
the same day.
March 15: Paid cash to Muneer Rs. 22,700 in settlement of his account of Rs. 23,000.
March 17: The cheque of Younus was dishonored by the bank.
March 26: Withdrew from Bank Re. 2,000 to pay the residential flat's rent and Rs. 6000 for office rent.
Required:
a) Prepare a Three Column Cash Book. Balance it on March 31 and bring down the balances as on April
1, 2022.
b) Prepare General Ledger of Purchase discount and Sales discount.
Q#8: CASH BOOK:

Mr. Shehzad uses three-column cash book. On April 1, 2022, he had cash in hand Rs. 40,000/- and balance at
bank Rs. 50,000/- (Bank Overdraft) during the month he completed the following transaction:
April 01: Cash sale Rs. 60,000/-
April 03: Mr. Rafay a customer deposited Rs. 15,500/- deposit into bank account in full settlement of
his account of Rs. 16,000/-
April 05: Paid Rs. 2800/- to a supplier by cash.
April 16: Sold Furniture to Mr. Mateen Rs. 24000/-
April 18: Paid salaries by cheque Rs. 11,000/-
April 25: Drew cash for personal use Rs. 1,000/
April 30: Drew from bank for office use Rs. 4,000/-
Required:
Prepare a Three Column Cash Book. Balance it on March 31 and bring down the balances as on May 01, 2022.
Q#9: PETTY CASH BOOK

A firm completed the following petty cash transactions during December of the current year:
December 01. Drew a Rs. 1,500 cheque to the petty cashier.
December 03. Purchased computer paper for Rs. 288.
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December 06. Paid Rs. 56 delivery expenses and Rs. 30 wages on merchandise purchased.
December 09. Paid Rs. 75 parcel post charges
December 10. Paid Rs. 200 to the son of the proprietor from petty cash for personal use.
December 18. Paid Rs. 95 delivery, charges on merchandise purchased.
December 22. Paid a service station for servicing the personal car of the proprietor Rs.75
December 25. Paid delivery expenses Rs. 155.
December 30. Paid Rs. 445 for the repair of computer.
December 31. Paid for entertainment Rs. 55
Required:
Prepare petty cash book for the month ended Dec 31 2021
Q#10: SPECIAL JOURNAL

The following are the selected transactions completed by Asad Traders during March 2021.
March 07: Sold goods on account to Haider sons for Rs. 9,000
11: Sold goods on account to Ismail brothers for Rs. 13,000
17: Purchased merchandise on credit from Sattar & co. for Rs. 4,000
26: Sold merchandise on account to Haider sons for Rs. 6,000
27: Sold merchandise for cash to Sattar sons Rs. 3,400
29: Sold Old Furniture to Shamim Sons, Rs.34,800 paying cash.
Required:
a) Record the above transactions in the appropriate journals.
b) Make postings to the account payable subsidiary ledger. Use three column ledger accounts.
Q#11: BANK RECONCILIATION STATEMENT
A study of cash records and the bank statement of Mukeem Traders for the month of April 2022 revealed the
following information:
Balance as per Cash Book Rs. 22,500/-

Balance as per Bank Statement Rs. 27,000/-
i. April 30, deposit not shown in bank statement Rs. 5,000/-
ii. Cheque issued but not presented for payments Rs. 7,000/-
iii. Cheque deposited by a customer directly in the firm’s bank account for Rs. 6,000/- which was not
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Recorded in the firm’s cash book.

iv. With-holding tax charges of Rs. 500/- not recorded in the cash book.
v. The bank had credited the firm’s account for mark up of Rs. 4,000/- which was not recorded in cash book.
vi. The customer's cheque for Rs. 7,000/- was dishonored by his bankers.
Required:
a) Prepare a Bank Reconciliation Statement as of April 30, 2022.
b) Make adjusting entries in General Journal
Q#12: BANK RECONCILIATION STATEMENT
A study of Cash book (Bank Column) and the Bank Statement of Faraz and Company for the month of July 2021
revealed the following.
1. Balance as per Cashbook (Cr). Rs. 6,300.

2. Balance as per Bank Statement (Dr.) Rs. 14,600.
3. Cheque Rs. 10,000 deposits on July 31s, 2021, not shown by the bank.
4. Debit memo for a cheque Rs. 1,700 of Mr. Yasir Aziz marked NSF.
5. Cheques deposit into the bank Rs. 32,600. The bank cleared only Rs. 10,000 cheques.
6. Advice received from bank that a customer Mr. Faizaan had made a direct deposit in the bank Rs.
7,200.
7. Unpresented Cheques Rs. 8,000.
8. Issued a Cheque of Rs. 1,200 purchase of Furniture was recorded as Rs. 12,000 by company's Cashier.
Required:
Prepare a Bank Reconciliation Statement as of July 2021.
TARGET PAPER (BUSINESS MATHS)
held in May 2024.
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2024- (BUSINESS MATHS) IMPORTANT SHORT QUESTIONS

Q#1: 9 men consume 120 kg of rice in 20 days. How many days will 15 men consume 250 kg of rice?
Q#2: Mr. Yasir invested Rs. 300000 in a bank that earns interest rate at 9% per annum compounded semi-
annually. What will be the balance of Mr. Yasir account after 10 years?
Q#3: Perform the following operations to the binary numbers:
(a) (101001)2 X (111)2 (b) (11111)2 ÷ (1011)2

(c) 11110 + 111000 + 111100 (d) 1111 x 110 – 111
(d) (11001)2 X (1001)2 + (1000)2 – (1100)2 (e) (101001)2 X (111)2
Q#4: Convert the decimal number 114 into its equivalent binary number 1110010 into its equivalent decimal
number.
Q#5: Mr. Irfan bought 480 books at Rs. 360 each and sold them at Rs. 340 each. Find the percentage profit or
loss?
Q#6: Solve the equation:
3x + 2 + 4x + 5 - 3x - 8 = 16
2 2 8
Q#7: Find the vertex and roots of the parabola, and find where Parabola opens?
y = x2 -2x – 8
Q#8: An item is sold for at a profit of Rs. 1300. The rate of profit was 12%. Find the cost of an item.
Q#9: Find the equation of a straight line passing through the points (4,3) and (2, -3), Also find the x-intercept
and y-intercept.
Q#10: Given two points (-3,-1) and (2,3) Find: Distance and slope between the points.
Q#11: Distribute Rs. 36000/- profit among three businessmen A:B and C such that A :B = 3:2 and B:C = 4:5.
Q#12: If A = 3 1 , Find A-1 and verify that A X A-1 = I
-2 2
Q#13: Solve the following equation by using Cramer’s Rule:
2x – 3y = 17
5x + 2y = 52
Q#14: If A = 4 -3 2
2 1 -1 then find Determinant of A?
3 4 5
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Q#15: Compute the compound interest on Rs. 5000/- for 4 years at the rate of 5% per annum, compounded
semi-annually.
Q#16: Rs. 5100/- is to be divided among x,y,z in the ratio of 1/2 : 2/3 : 1/4 respectively. How much will each
get?
2024- (BUSINESS MATHS) IMPORTANT LONG QUESTIONS

Q#1: Find the sum of annuity and present value annuity, if an amount of Rs.8000/- is invested at the end of
each quarter for 6 years at 10% per annum compounded quarterly.
Q#2: For the matrices
A= 3 -1 B= 3 0 1 and C = 4 3
2 -5 9 1 5 6 5
Find:
1) AB 2) 2A + C 3) At - Ct
Q#3 (a): 30 men build 15 rooms of equal size in 18 days. How long will 20 men take to complete 10 rooms of
the same size?
Q#3 (b): The cost of a television set is raised from Rs.1600/- to Rs.1680/-. Find the percentage increase?
2024- (BUSINESS MATHS) ADDITIONAL SHORT QUESTIONS

Q#1: In what time will Rs.200/- amount to Rs. 270/- at the rate of 5% per annum?
Q#2: If a:b = 5:7 and a:c = 3:14 , Find a:b:c?
Q#3: Solve the following equation
x+2= 5x + 35
Q#4: If X = 2 5 Y= 1 0 Z= 3 -10
3 4 0 1 -6 -1
Find the value of a & b Where aX + bY = Z
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2024- (BUSINESS MATHS) ADDITIONAL SHORT QUESTIONS

Q#1: If an amount of Rs.6000/- is invested at the end of each quarter for 5 years at 6% per annum compounded
quarterly, Find the sum of Annuity and Present value of Annuity?
IMPORTANT NOTE:
 Paid answers to this target paper are available.
 If any student desire to get answers of this paper contact sir Irfan via
WhatsApp number is 0347-3643211
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ACCOUNTMICS
Sir IRFAN: 0347-3643211
TOPIC WISE FEE STRUCTURE

Online Crash/Revision Classes Schedule
First year Accounting
Per class time
S.No Name of Topic 1 zoom meeting (40mins) Total fee
No of classes
01 General Journal entries, Ledger & Trail balance 08 1500
02 Cash book & Petty cash book 05 800
03 Special Journal 03 700
04 Bank Reconciliation statement 03 700
05 Accounting Equation 04 800
06 Correction of Error 03 750
07 Adjusting entries & Reversing entries 05 1250
08 Closing entries 04 800
09 Income statement 05 1200
10 Balance Sheet 05 1200
11 Opening entries 04 750
12 Adjusted Trail Balance 03 800
13 Post-Closing Trail Balance 03 750
For all topics lump sump fee will be Rs.10000 with 50 zoom meetings (40min/meeting)
Contact Sir IRFAN : 0347-3643211
19 | P a g e
ACCOUNTMICS
(Home & Online tuition service)
Sir IRFAN: 0347-3643211

Second year Accounting
Per class time
S.No Name of Topic 1 zoom meeting (40mins) Total fee
No of classes
01 Single entry 06 1500
02 Accounting for non-profit concern 04 1000
03 Deprecation 08 2000
04 Partnership Formation 05 1000
05 Partnership Distribution 06 1400
06 Partnership Liquidation 06 1500
07 Partnership Retirement 06 1500
08 Partnership-Admission 10 3000
09 Corporation-Issuance of shares & debentures 08 1500
10 Corporation-Retained earnings 03 1000
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ACCOUNTMICS
Sir IRFAN: 0347-3643211

First year Business Maths
Per class time
S.No Name of Topic 1 zoom meeting Total
(40mins)
fee
No of classes
01 Binary numbers 04 1500
02 Functions & their graphs 08 2000
03 Interest & Annuities 08 2000
04 Simple, Simultaneous equations 05 1000
05 Matrices & Determinants 10 2500
06 Percentages 06 1750
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ACCOUNTMICS
Sir IRFAN: 0347-3643211

Second year Business Statistics
Per class time
S.No Name of Topic 1 zoom meeting (40mins) Total
No of classes fee
01 Frequency distribution 03 1000
02 Graphically representation of data 05 1500
03 Measure of central tendency 10 2000

(Mean, Median, Mode)
04 Index number 06 1500
05 Probability 10 3000
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ACCOUNTMICS I.

Com (xi) All subjects home tuitions available for

(2024) I.COM (XI) TARGET PAPER

TARGET PAPER (ECONOMICS)

CHAP#2: DEMAND AND SUPPLY

CHAP#3: CONSUMER PREFERENCE (UTILITY)

CHAP#4: ECONOMIES OF SCALE AND FACTORS OF PRODUCTION

Q#2: State the relative importance of the factors to production.

CHAP#5: LAW OF COSTS & LAW OF RETURN

CHAP#6: REVENUE AND COST ANALYSIS

CHAP#7: MARKET EQUILIBRIUM

(2024- MICROECONOMICS) IMPORTANT QUESTIONS (LONG):

CHAP#2: DEMAND AND SUPPLY

CHAP#3: CONSUMER PREFERENCE (UTILITY)

CHAP#7: MARKET EQUILIBRIUM

(2024- MICROECONOMICS) ADDTIONAL QUESTIONS (SHORT):

CHAP#5: LAW OF COSTS & LAW OF RETURN

(2024-MICROECONOMICS) ADDITIONAL QUESTIONS (LONG):

CHAP#5: LAW OF COSTS & LAW OF RETURN

(2024-MACROECONOMICS) IMPORTANT QUESTIONS (SHORT):

CHAP#2: PUBLIC FINANCE

CHAP#3: TRADE CYCLE

Q#3: What is meant by inflation. State the main causes of Inflation.

CHAP#5: INTERNATIONAL TRADE

(2024-MACROECONOMICS) IMPORTANT QUESTIONS (LONG):

CHAP#2: PUBLIC FINANCE

CHAP#5: INTERNATIONAL TRADE

(2024- MACROECONOMICS) ADDITIONAL QUESTIONS (SHORT):

CHAP#2: PUBLIC FINANCE

(2024-MACROECONOMICS) ADDITIONAL QUESTIONS (LONG):

TARGET PAPER (POC)

2024-I.COM(XI) POC CHAPTERWISE

CH#2: QUALITIES OF A GOOD BUSINESSMAN & CONSIDERATION OF ESTABLISHING A NEW

CH#3: SOLE-PROPRIETORSHIP & PARTNERSHIP BUSINESS

CH#4: CORPORATION / JOINT STOCK COMPANY

Describe the characteristics of a Joint Stock Company.

CH#5: FOREIGN TRADE

CH#6: CHANNEL OF DISTRIBUTION

CH#8: FINANCE & CHAMBER OF COMMERCE

CH#9: BUSINESS LETTERS

(2024-POC) IMPORTANT QUESTIONS (LONG):

CH#4: CORPORATION / JOINT STOCK COMPANY

CH#5: FOREIGN TRADE

CH#9: BUSINESS LETTERS

(2024-POC) ADDITIONAL QUESTIONS (SHORT):

CH#9: BUSINESS LETTERS

(2024-POC) ADDITIONAL QUESTIONS (LONG):

TARGET PAPER (ACCOUNTING)

FIRST YEAR ACCOUNTING (SHORT QUESTIONS)

Q#2: ACCOUNTING EQUATION:

Q#3: GENERAL JOURNAL ENTRIES:

Q#4: GENERAL JOURNAL ENTRIES:

Q#5: GENERAL LEDGER:

Q#6: CORRECTION OF ERROR:

Q#7: CASH BOOK:

Q#8: CASH BOOK:

Q#9: PETTY CASH BOOK

Q#10: SPECIAL JOURNAL

Q#11: BANK RECONCILIATION STATEMENT