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Important Question B.Com II
PRINCIPLES OF AUDITING
Q # 1: What is auditing? Why auditing is different from accounting?
Q # 2:What is audit discuss its importance scope and objectives?
Q # 3: What are the desirable qualities of an auditor?
Q # 4:Briefly discuss the rights, duties, and power of auditors and appointment of an auditors?
Q # 5: What is audit program and working paper? Give its advantages and disadvantages?
Q # 6:Define internal control? What are the objects and suggest internal control over
1--Sales 2--Store
3--Purchases 4--Cash
Q # 7:Explain the term internal and external audit also differentiate between them?
Q # 8:What is audit discuss its type with advantages and disadvantages
1—Continues audit 2—Interim audit
3—Final audit
Q # 9:What are audit reports give detail with specimen
1—Statutory Report 2—Qualified Report
3—Unqualified Report
Q # 10: What is verification and vouching what are its objects and techniques for verification and
vouching?
Q # 11: Discuss the auditor liability with reference of case laws
1—Negligence 2—Libel
3—3rd Party 4—Misfeasance
Q # 12: Explain the special points to kept in mind during the audit of following companies
1—Newspaper Company 2—Bank
3—Sugar Factory 4—Textile Industry

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BUSINESS TEXATION
Q # 1:What is agriculture income discuss in detail with examples?
Q # 2:What is the difference between resident and non-resident? Explain
Q # 3: Appeals (CIR, Appellate tribunal, High Court)
Q # 4:Perquisites & Allowances enjoyed by salaried person
Q # 5: Provident Fund
Q # 6: Capital & Revenue Expenditure & Receipts.
Q # 7:Depreciation allowances
Q # 8:Set off and carry forward of losses
Q # 9: Authorities (FBR, Appellate tribunal, CIR)
Q # 10:Sales tax definitions.
Q # 11:Furnishing of return of sales tax with types.
Q # 12: Numerical sales tax & Income Tax (Questions Will be given Two Days before Paper)

BUSINESS COMMUNICATION AND REPORT WRITING

Q # 1:What is the importance of business communication explain with reference to organizational and
individual perspectives?
Q # 2:What is the process of communication explain how of communication?
Q # 3:What are the barriers of communication and how it can be removed discuss in detail.
Q # 4:What is non-vernal communication discuss its types and components?
Q # 5:What principles should be taken into confederation for the purpose of effective communication?
Q # 6:What are the five planning steps in preparing effective business message?
Q # 7:Write a note on essential and non-essential parts of business letters?
Q # 8:What are the principles, purpose, essential and qualities of inquiry letter, order letter, adjustment
letter, collection letter?
Q # 9:What is job application? Why a job application is consider to be a kind of sales letter? Also prepare
CV for job.
Q # 10: What are business and market reports? Discuss their qualities.
Q # 11:Define Oral Presentation. What points should be kept in view while giving presentation?

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Q # 12:What is listening? Mention types and purpose of listening, problems to effective listening and
how to overcome them?
Q # 13:Define informative speaking and describe the purpose of informative speaking.
Q # 14:Market terms?

ECONOMICS OF PAKISTAN
Q # 1:Discuss the economic and non-economic factors of economic development?
Q # 2:What are the main characteristics of developing countries like PAKISTAN?
Q # 3:Why technology is said to be the prime factor of economic development?
Q # 4:What is the vicious circle of poverty and how it can be broken?
Q # 5:Define capital formation? What are the internal and external sources of capital formation and its
importance?
Q # 6:What do mean by unemployment? Explain its causes and how it can be resolved?
Q # 7:What is meant by agriculture price policy? Write down the major factors kept in mind the Govt.
While formulating the above policy?
Q # 8:What is agriculture mechanization its advantage and disadvantages also describe its pre-requisite.
Q # 9:Discuss the causes if industrial backwardness in Pakistan. Also suggest remedial measures to
remove these problems.
Q # 10: Discuss the importance of small scale and cottage industries in economic development of
developing countries like Pakistan?
Q # 11:Examine the steps taken by the Govt. of Pakistan to promote exports.
Q # 12:What are the main causes of unfavorable balance of trade of Pakistan? Suggest remedies?
Q # 13:Write and explain the main factors contributing towards adverse balance of payments of Pakistan?
Q # 14:What are the means of transportation and communication? Explain their importance, utility and
role in economic development of Pakistan?
Q # 15:What is inflation? Discuss its causes and suggest measures to overcome the same in Pakistan.

Q # 16: Economic Planning + Federal Budget + Current Affairs(Energy crises)

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BUSINESS LAWS
Q # 1: What is contract? Discuss essentials and types of a contract?
Q # 2:Define offer explain essential of a valid offer and how it can be revoked?
Q # 3:Define Consideration? What are the rules regarding a valid consideration?
Q # 4:Explain the term consideration and state the exception to the rule “No consideration no contract”.
Q # 5:What do you understand by capacity to parties? What is the nature of agreement by persons
incompetent to contract?
Q # 6:When is consent said to be free? What is the effect of such consent on the formation of contract?
Q # 7:Discuss briefly expressly declared void agreement under the contract act.
Q # 8:What are quasi contracts? Explain the quasi contracts?
Q # 9:What are the various ways in which a contract may be discharges?
Q # 10:What remedies are available to an aggrieved party on the breach of contract?
Q # 11:Differentiate between contract of indemnity and guarantee, and also explain the rights of surety?
Q # 12:Define a contract of bailment its kinds and essentials and how it can be terminated?
Q # 13:What are the rights and duties of Bailee and Bailor?
Q # 14:What is contract of agency discuss its essentials and rights and duties of principals and agents?
Q # 15:Define contract of sales, its essentials and also differentiate between sales and agreement of sell?
Q # 16:Define and distinguish between condition and warranty, implied conditions and warranties in a
contract of sale of goods?
Q # 17:Who is unpaid seller of goods and what are his rights against the goods?
Q # 18:What is negotiable instruments and their characteristics differentiate the following
1—Pro note vs Bills of exchange
2—Check vs Bills of exchange
Q # 19:Define crossing of cheque? What are the major types of crossing and who can cross the cheque?
Q # 20:Define the term common carrier? Distinguish between common carriers and private carriers. Also
explain rights, duties and liabilities of common carrier.
Q # 21:Discuss Railway as a common carrier and explain its duties and liabilities.
Q # 22:Define a contract of affreightment. Explain charter party with its kinds and differentiate between
Bill of lading and charter party?

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‫مطالعہ پاکستان‬

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ADVANCE ACCOUNTING
Chapter Questions

Bonus and Right Issue IL: 5,10

PB: 7,8,14,15

Debentures IL: 8,12,14,15

PB: 5,10,11,13,14,15

Company Final Account IL: 6,7,9

PB: 7,9,10,11,13,16

Ratio Analysis IL:17,18,20

PB: 6,8,9,10,12,16,18,19

Branch A/c IL:3,6,8

PB:4,6,8,10,12

Consignment A/c IL:7,9

PB:4,5,8,9,11,14,16,19,21,23

Contract A/c IL:4,5

PB: 2,3,5,7,9,10
Hire Purchase System IL:8,15,17
PB:2,3,7,8,9,10,12,14
Departmental A/c IL:
PB:

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COST ACCOUNTING
Chapter Questions

Financial Statement (CGS) IL: 4,7,10,12,17,20

PB: 2,7,8,9,12,15,18,20,22,24,26

Process Costing (CPR) IL: 2,6,7,13

PB: 3,5,7,11,14,16,18,19,23,25,27

Material IL: 12,16,18,20

PB: 5,7,9,12,17,18,19,21,24,28,29,30,32

Factory Overhead IL: 4,11,13,15,17

PB: 13,14,20,22,26,27,30,33

Cost Accounting Cycle IL: 1,2,7,10

PB: 1,2,3,5,6

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