B com 2 gp 2020 final

IQRA COMMERCE NETWORK
B.COM PART 2: GUESS PAPERS BY SIR KHALID AZIZ: 0300-2540827
‫خالد‬‫عزیز‬
0300-2540827
B.COM PART 2
GUESS PAPERS 2020
REGULAR & PRIVATE
BY
SIR KHALID AZIZ

0300-2540827
BANKING & FINANCE – IMPORTANT
QUESTIONS
BY KHALID AZIZ
1) Define a bank and explain its evolution. Importance of Banking system.
2) Describe various functions of a commercial bank. , scheduled and non-
scheduled banks.
3) Define a central bank, list its functions and explain them.
4) Prerequisites to open a bank account./ Procedure of opening a bank account
5) Factors that determine level of cash reserves the bank must maintain.
6) Define credit instruments and briefly describe their kinds.
7) Write note on State Bank of Pakistan. What are relations between scheduled
banks and SBP?
8) ) Define a cheque and describe briefly its kinds and why a cheque is dishonored
by bank.
9) Define endorsement and describe its kinds.
10) Describe in detail the principles of employing bank fund
11) How does a bank create credit?
12)What is working capital? What are its functions and importance? What is
equation of working capital?
13)What is business finance and describe its types/Source of Business Finance.
14)) Short Notes
a) Credit control
b) Bill of exchange
c) Promissory Note/Discounting a bill of exchange/Difference b/w PN &BE
d) Clearing House
e) Letter of credit
f) Noting and protesting
g) Methods of issuing currency notes
h) Kinds of Bank Accounts
i) Modarba & Musharka/various Islamic mode of finance
j) Negotiable Instruments
k) Qarz e hasna and Loan
l) Islamic Banking and Interest based Banking
m) Secured and Unsecured Loans
n) Markup and interest
o) Short term and long term finance p) Difference b/w BE and cheque
q) Parties of bill of exchange r) Lien/Pledge/Hypothecation

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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. Differentiate between
Audit and Accounting. Also advantages of Audit.
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. What is Management Audit?
10) Explain following qualified opinions of the auditor.
i) Disclaimer ii) Adverse iii) Subject to iv) Except
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, Continuous audit, Interim
audit and Final audit
15) Preliminaries to the commencement of company audit.
16) Audit report (qualified and unqualified)
17) 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

0300-2540827

0300-2540827
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. Orientation
& Training and Performance Appraisal.
4) Define groups. How they grow? Ranking of members? 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, philosophies of communication. 7 c’s of
communication. Communication is a two way process discuss.
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) William. G. Scot’s 4 pillars of organization
b) Budget & its types, Zero Based Budgeting
c) Mc Gregor’s X & Y theory & 2 factors theory
d) Span of management
e) Hawthorn effect, Elton Mayo’s human relations theory
f) Henry Fayol’s 14 principles of management
g) Role of Frederick. W. Taylor in management
h) Nominal group technique & Delphi technique
i) Abraham Maslow’s theory of humanistic approach about human need
j) Line, Staff and Functional Organization.
k) Monetary and Non-Monetary Incentives which can be used to motivate
employees. Role of monetary incentives in an organization.
l) Coordination n) Centralization and Decentralization / Delegation of Authority
o) Characteristics of self-actualized person p) Human Balance Sheet

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B.COM PART 2 ADVANCED AND COST
ACCOUNTING (OLD SYLLABUS) IMP
QUESTIONS:
ABSORPTION/AMALGAMATION:
2017R&P,2016R/P,2015R,2011R/P,2010P,2009R,2008P,2006R,2004R,
2002
RECONSTRUCTION: 2016P,2009P,2008R,2006P,98R
BRANCH ACCOUNTING:
2017R&P 2013P,2012R/P,2011R,2010R,2009R
INSTALLMENT SALES:
2017P,2015P,2013R,2011R/P,2010P,2009R,2008R,2008P,2007P,2006R
,2004R,2002
FINANCIAL STATEMENT ANALYSIS:
2017P,2016R/P,2015R,2014R,
2013R,2011R,2010P,2009R,96R,97R,98R,2000
CASH FLOW:
2015R,2010R/P,2008R,2007R,2006R/P,2005R,2002,2000,96R
STANDARD COSTING: 2015R & P,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):
2015R&P,2011R/P,2010R,2009R/P,2007R,2006RQ3,2006P,2004R,
2002

0300-2540827
B.COM PART 2 COST ACCOUNTING
IMPORTANT QUESTIONS:
STANDARD COSTING: 2015R&P2011R,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):
2019R,2018R&P,2015R&P,2011R/P,2010R,2009R/P,2007R,2006RQ3,
2006P,2004R,
2002
MATERIAL LOSSES:
All Questions of past papers.
LABOR COSTING:
FOH: DEPARMENTALIZATION, ABSORPTION RATES,
VARIANCES (SPENDING AND IDLE CAPACITY):
FACTORY LEDGER AND GENERAL LEDGER:

0300-2540827
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/ What do you mean by Resume?
7) Memo
8) Define interviewing. Discuss the responsibilities of a job interviewer and
interviewee in detail.
9) What are business writing principles? Discuss them in detail.
10) Define market report. Explain various classification of market. Advantages of
Market Report.
11) Short Notes
A. Definition and Importance of listening.
B. Dictating.
C. Steps in oral presentation.
D. Openings and closings.
E. Leading and participating.
F. Oral and written Communication
G. Barriers in Communication
H. Formal and Informal Languages
I. Communication Networks
J. Compulsory parts of letter
K. Inductive Plan
12) Explain the following terms.

0300-2540827
1. Bearish hella 26. Break even
2. Bull 27. Arbitrage
3. Short covering 28. Set back
4. Kerb 29. Marketable Securities
5. Bearish sentiments 30. Attractive level
6. Arrival 31. Boiled Over
7. Blue chips 32. Flat
8. Long corner 33. Bullion Market
9. Steady note 34. Breakeven
10. Script 35. Funds
11. Forward business Script 36. Glut
12. Stag 37. Easy
13. Speculator 38. Haggling
14. Square deal 39. Spade
15. Cash Counter 40. New low
16. Trapped bull 41. Dull Tone
17. Bad book 42. Rigging
18. Hedge 43. Undertone
19. Slump
20. Jobbers
21. Cash list
22. Dumping
23. Firm
24. Striking price
25. Tumble

0300-2540827
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) Aspects of Human Resource Development, Cost economy has to pay for
developing HRD.
4) What are the causes of agricultural backwardness in Pakistan? Suggest measures
to resolve the problems. Agriculture Tax necessary or not.
5) Discuss the importance of mechanization of agriculture, how far it is successful in
Pakistan? Agriculture Pricing Policies
6) Industrial development is the basis of economic development, discuss with
reference to Pakistan. Reasons for Industrial backwardness and remedies.
7) Explain the role of public investment in the industrial development of Pakistan.
8) Explain the role of small scale industry/Cottage industries in an agricultural
economy. What steps the Government of Pakistan has taken to promote these
industries.
9) What are the different means of transport and communication in Pakistan?
Discuss the role of computer in the economic development of Pakistan.
10) Explain the various means of Transportation and Communication in Pakistan.
11)Discuss the current fiscal policy of Pakistan with reference to fiscal budget 2016-
2017.
12) Examine the factors which contribute towards persistent adverse balance of
payments in Pakistan. Explain the measures for correcting adverse balance of
payments in Pakistan.
13) Foreign aid is UNAVOIDABLE to Pakistan. Comments. What are the main
sources of foreign assistance in Pakistan? Cost and benefits of foreign assistance
14) Why privatization become necessary for Pakistan?
15) Describe in detail common characteristics of developing country like Pakistan.
16) Explain the Role of Natural Reources/Human Capital in EDP.
17) Role of IMF in EDP

0300-2540827
18) 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 how Monetary policy controls Inflation
e) Balance of trade f) Budget deficit in Pakistan/measures to reduce it
g) Heads of income and expenditure of federal government
h) Agricultural Marketing.
i) Present Energy Crisis. j) Import substitution and export promotion policies
k) Characteristics of Pakistan’s Economy l) Importance of Dams

0300-2540827
B.COM PART 2 ADVANCED ACCOUNTING
IMPORTANT QUESTIONS:
ABSORPTION/AMALGAMATION:
2019R,2017R&P,2016R/P,2015R,2011R/P,2010P,2009R,2008P,2006R,
2004R, 2002
RECONSTRUCTION: 2019P,2016P,2009P,2008R,2006P,98R
BRANCH ACCOUNTING:
2017R&P 2013P,2012R/P,2011R,2010R,2009R
INSTALLMENT SALES:
2017P,2015P,2013R,2011R/P,2010P,2009R,2008R,2008P,2007P,2006R
,2004R,2002
FINANCIAL STATEMENT ANALYSIS:
2017P,2016R/P,2015R,2014R,
2013R,2011R,2010P,2009R,96R,97R,98R,2000
CASH FLOW:
2015R,2010R/P,2008R,2007R,2006R/P,2005R,2002,2000,96R
FINANCIAL STATEMENTS: ALL QUESTIONS OF PAST PAPERS
ISSUANCE OF SHARES AND DEBENTURES
2016R,2015R & ALL QUESTIONS OF PAST PAPERS

0300-2540827
BUSINESS & INDUSTRIAL LAW: IMPORTANT
QUESTIONS BY KHALID AZIZ
Commercial Law
Contract Act (With examples)
1) What is Contract and How contract is classified? Quasi Contract
2) Give essential elements of valid contract.
3) State the essential elements of an offer and acceptance. When an offer can be
revoked?
4) Define consideration under contract act 1872.What are the exceptions to the
rule “No Consideration No Contract”.
5) What do you understand by capacities of parties under contract act?
6) All agreements enforceable by law are contract. Comment.
7) What is meant by free consent? When consent is said to be free? Also describe
a) Fraud, b) Coercion, c) Undue influence & d) Misrepresentation.
8) What do you understand by performance of contract?
9) Explain possible ways of “Termination of Contract” & remedies of Breach of
Contract.
10) Indemnity and Guarantee, Bailment and Pledge.
11)What are rights and duties of surety, bailor and bailee, Agent and Principal
Other Topics (With examples)
12) Give essentials of agreement to sale. How price determined under Sales of goods
act.
13) Distinguish between sale and agreement to sale.
14) Give the rights of an unpaid seller.
15) What is bill of lading and describe its kinds?
16) Distinguish between bill of lading and charter party15) Private and common
carrier, Auction Sale and implied warranties.

0300-2540827
17) Price and different kinds of goods.
18) What are negotiable instruments? Differentiate between holder and holder in due
course, bill of exchange and promissory notes. Kinds of Endorsement.
19) What are various kinds of partners, also describe rights and liabilities of
partners and dissolution of partnership. Minor as a partner. Formation of
Partnership.
20) What are rights and duties of Mortgagor.
21) 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.
14.CBA

0300-2540827
‫اردو‬‫گیس‬‫پیپر‬
‫پارٹ‬ ‫کام‬ ‫بی‬ ‫اردو‬٢
‫پارٹ‬ ‫کام‬ ‫بی‬ ‫اردو‬٢
‫سباق‬ ‫و‬ ‫سیاق‬
١‫کی‬ ‫درویش‬ ‫دوسرے‬ ‫سیر‬ )
٢‫غالب‬ ‫خطوط‬ )
٣‫تقریر‬ ‫دلخراش‬ ‫کی‬ ‫بندر‬ )
‫تبصرہ‬ ‫پر‬ ‫نگار‬ ‫نثر‬
١‫دہلوی‬ ‫امن‬ ‫میر‬ )
٢‫چغتائی‬ ‫عصمت‬ )
٣‫خان‬ ‫احمد‬ ‫سید‬ ‫سر‬ )
‫خصوصیات‬ ‫کی‬ ‫شاعر‬
١‫درد‬ ‫میر‬ )
٢‫میر‬ ‫تقی‬ ‫میر‬ )
٣‫غالب‬ )
‫غزلیات‬ : ‫تشریح‬ ‫کی‬ ‫اشعار‬
١‫درد‬ ‫میر‬ )
٢‫میر‬ ‫تقی‬ ‫میر‬ )
٣‫غالب‬ )
٤‫اقبال‬ )
٥‫داغ‬ )
‫خالصہ‬ ‫کا‬ ‫نظام‬
١‫الموت‬ ‫ذائقہ‬ ‫نفس‬ ‫کل‬ )
٢‫پات‬ ‫ساگ‬ ‫کو‬ ‫بکری‬ )
٣‫اذان‬ )
‫مضامین‬
١‫اہمیت‬ ‫کی‬ ‫زبان‬ ‫اردو‬ )
٢‫نقصانات‬ ‫اور‬ ‫فوائد‬ ‫کے‬ ‫نیٹ‬ ‫انٹر‬ )
٣‫تعلیم‬ ‫نظام‬ ‫کا‬ ‫پاکستان‬ )
٤‫فرائض‬ ‫و‬ ‫حقوق‬ ‫کے‬ ‫طلبہ‬ )
٥‫ہیں‬ ‫اور‬ ‫جہاں‬ ‫آگے‬ ‫سے‬ ‫ستاروں‬ )
‫خالصے‬
١‫سفید‬ ‫و‬ ‫سیاہ‬ )
٢‫دشمن‬ ‫جانی‬ )
٣‫داشتن‬ ‫کرم‬ ‫مفت‬ )

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