Financial Accounting Topics from College of Modern Sciences

COLLEGE OF MODERN SCIENCES
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THE 1 AFFILIATED COLLEGE OF SINDH UNIVERSITY, JAMSHORO
MASTER OF BUSINESS ADMINISTRATION [HONS]
EVENING, PART I, 1st SEMESTER
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Financial Accounting 2013-2014

Q#01(A): Why is Financial Accounting is referred as a language of Business?
Q#01(B): Which information a Balance sheet comprises of? Explain each briefly.
Q#02:Thefollowingaccountswiththeir net balance have been taken from the ledger of Ali Enterprises
ason31"December, 2013:
Accounts payable Rs. 26,000 Drawing Rs. 28,000
Accounts receivable 42,000 Marketable Securities 20,000
Building 195,000 Notes Payable 30,000
Bond Payable 140,000 Acc: Dep: Building 38,000
Bank overdraft 20,000 Furniture 80,000
Sales 630,000 Sales Return 12,000
Office supplies 16,000 Purchase Discount 26,000
Utility expenses 28,000 M/Inventory (Beg) 63,000
Freight in 3,000 Purchase Return 8,000
Cash 222,000 Sales Discount 18,000
Capital 327,000 Salaries Expense 80,000
Purchase 420,000 Octrol on purchase 7,000
Advertising Expanse 5,000 Prepaid rent 36,000
Debentures Payable 150,000 Insurance in Transit 2,000
Land 90,000 Interest Expenses 54,000
Acc: Dep: Furniture 26,000
Additional Data:
The un-sold merchandising inventory as on December 31, 2003 is Rs. 35,000.
Required: Prepare Multiple Steps income Statement & Classified Balance Sheet
Q#3: Adnan Enterprises had the following trial balance accounts with the balance for the December 31, 2013:
Accounts Receivable 15,000 Office Equipment 6000
Advertising Expanses 600 Prepaid Insurance 1920
Automobile Expanses 3560 Prepaid Rent 7200
Account Payable 720 Capital ???
Automobile 16000 Drawing 47000
Accumulated depreciation-office 1140 Sales Commission Revenue 60000
Equipment
Accumulated depreciation-Automobile 4000 Management Service Revenue 4800
Bank Overdraft 9000 Miscellaneous Expanse 400
Cash 25000 Salaries Expanse 39960
Office Supplies 600 Unearned Management Fees 3120
Adjustment data at December 31, 2013:
a) Insurance expired for the period Rs. 960
b) Rent Expense for the year Rs. 4800
c) Depreciation on office equipment Rs. 720 and automobile Rs. 3200
d) Salaries incurred but unpaid as of December 31, Rs. 6660
Website: www.cmshyd.edu.pk Facebook: Cmshyderabad Contact: 022-3810784-5/ 0332-3810784

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e) Supplies on hand on December 31, Rs. 200

f) Unearned management fees were received and recorded on October 01, 2013. The advance payment of
covered six months management of an apartment building
Required: Prepare necessary Adjusting Entries in the Adjustment Column and complete the Adjustment Trial
Balance.
Q#4: The cash in bank for Zaheer & Company at 31st January of the current year indicates a balance of
Rs. 6,674.55 after both the cash receipt journal and cheque register has been posted. The bank statement indicates
a balance of Rs. 9,966.85 on 31st January. Comparison of the bank statement and the accompanying cancel|ed
cheques and advises with records revealed the following reconciling items:
1. A deposit of Rs. 1,226.16 representing the receipts of 31st January, had been too late to appear on the bank
statement
2. Cheques outstanding totaled Rs. 4,125.36
3. A cheque for Rs. 591=returned with the statement had been recorded in the cheque register as Rs. 95. The
cheque was for the payment of an obligation to Nizamani Equipment Corporation on account for the purchase of
store equipment
4. A cheque for Rs. 150/= drawn by Suhail Brothers had been erroneously charged by the bank from the
companies account
5. The bank collected from Aamir & Company Rs. 512/= on bill left for collection. A face value of the bill Rs. 500.
6. Bank service charges for January amounted Rs. 4.90/-
Required: Prepare a Bank Reconciliation Statement and journalize necessary entries.
Q#05: On October 01, 2013, Melton Company acquired and placed into use new equipment costing Rs. 105,000.
The equipment has a useful life of five years and an estimated salvage value of Rs. 5,000. It is estimated that
equipment will produce 2,000,000 units of product during its life In the last quarter of 2013, the equipment
produced 120,000 units of product.
Required: (A) Compute the depreciation for the last quarter of 2013 using each of the following methods: 1. Units
of-Production 2. Sum-of-the-years-digits 3. Double-dedining-balance
(B) Describe the conditions in which each of the above three methods would be most appropriate
Q#6 Write short notes on the following:

1. Bad Debts 02. Works sheet 03. Tangible Assets 04. Prepaid Expenses
Financial Accounting 2011-2012 & 2012-2013

Q#1 (a): four different companies W,X,Y,Z show the same balance sheet data at the beginning and end of the
year. These data excessive of the amount of the capital, are summarized as follows:
TOTAL ASSETS TOTAL LIABILITIES
Beginning of the year Rs. 275,000/- Rs. 80,000/-
End of the year Rs. 320,000/- Rs. 85,000/-
On the basis of above data and the following additional information for year, determine the net income or net loss
of each company for the year.
Company W: The Company had made no additional investments in the business and no withdrawal from the

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business
Company X: The Company had made no additional investments in the business but had withdrawal Rs. 25,000/-
Company Y: The Company had made no additional investment of Rs. 50,000/- but had made no withdrawal.
Company Z: The Company had made no additional investment of Rs. 48,000/- and had withdrawn Rs. 35,000/-
Q#1(b) for the fiscal year, net sale for Rs. 975,000/- and net purchase were of Rs. 650,000/- merchandising
inventory at the beginning of the year was Rs. 75,000/- and at the end of the year Rs, 80,000/- determine the
following amounts:
a) Merchandising available for the sale.
b) Cost of merchandise sold.
c) Gross profit.
d) Merchandise inventory listed on the Balance Sheet t End of the year.
Q#2 the two trial balance of Zaidi Enterprises as of December 31, 2002 one before adjustments and other after
adjustment
Are as follows:
UNADJUSTED ADJUSTED
Dr. Cr. Dr. Cr.
8,000 8,000
Account Receivable 3,200 3,200
Supplies 8,450 3,240
Prepaid Rent 7,200 1,200
Prepaid Insurance 1,800 650
40,000 40,000
Building 96,000 96,000
Acc. Dep-Building 62,400 67,200
Trucks 82,000 82,000
Acc. Dep- Trucks 32,800 36,900
Accounts Payable 7,120 1,450
Salaries Payable __________ 920
Taxes Payable __________
Zaidi’s Capital 100,000 100,000
Retained earning 20,400 20,400
Zaidi’s Drawings 20,500 20,500
Service Fee Earned 116,680 116,680
Salary Expanse 67,200 68,650
Rent Expanse __________ 6,000
Supplies Expanse __________ 5,210
Dep. Expanse- Building __________ 4,800
Dep. Expanse- Trucks __________ 4,100
Utility Expanse 3,700 3,920
Taxes Expanses 600 1,520
Insurance Expanse __________ 1,150

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Miscl. Expenses 780 780
TOTAL 339,430 339,430 350,920 350,920

INSTRUCTIONS:
Present the required eight adjusting journal entries & complete Worksheet
Q#3 Using the data of Q#2, you are required prepare Income Statement, Classified Balance Sheet & necessary
Closing Entries.
Q#4 the following bank reconciliation statement information pertain to ABC Enterprises.
I.Deposit in transit Rs. 16,700/=
II.Note collected by the bank Rs. 11,100/=, the value of note is Rs. 10,000.
III.Outstanding checks Rs. 18,780
IV.Check for Rs. 2,000 charged by the bank as Rs. 20,000
V.Bank service charges Rs. 170/=
VI.Check of a customer returned by the bank to depositor because of insufficient fund Rs. 740.
VII.Check drawn by depositor for Rs. 67,00/= but recorded in check register as Rs. 7600/=
Required
I.Identify each of the above recording items ad additions and deduction in the balance of bank statement or the
Balance of depositor’s records.
II.Records necessary entries in the depositors (ABC-Enterprises) account.
Q#5 Savana Company purchased a spot-welding machine on July 2005 at a cash cost of 42,300 on the same date,
installation charges of 2,800 were paid. The machine has an expected useful life 10 years and an estimated salvage
value of 3,800. The same machine was sold on June 2007 for Rs. 28,400.
Required
Record the journal Entries on July 2007 against the sale of machine using:
I.Straight line method of depreciation
II.Sum of the year digits (SYD) method of depreciation
III.Double declining method of depreciation.
Q#6 Write short notes on any five of the following

Financial Accounting Retained Earning Depreciation
Fixed Assets Adjusted Trial Balance Accrued Revenues
Unearned Revenues

Q#1 financial Accounting is one of the fundamentals activities of every business organizations that gathers
economic information about itd activities and that summarizes information and communicates to its interested
parties. Explain
Q#2 The following data are for Ahmed Lamps Enterprises;

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Account Receivable Rs. 48,300 Account payable Rs. 15,900

Accumulated Dep: (Building)
Rs. 33,000 Accumulated Dep: Furniture
11,120
Advertising Expense 12,000 Bank Overdraft 22,000
57,200 Ahmed Capital 220,180
Drawing 30,000 Delivery Expenses 4,600
Interest Revenue 60,000
Interest Expanse 2,000 Debentures payable 80,000
Merchandising Inventory 41,600 Mortgage Payable 20,000
(1/1/12)
otes Receivable 70,000 Office Salaries Expenses 74,000
Octroi on Merchandising 3,000 Purchases 312,900
Inventory
Prepaid Insurance 2,900 Purchases Returned 1,400
Purchase Discount 2,600 Store Building 110,000
Store Furniture 55,600 551,500
Sales Returned 2,000 Sales Discount 3,700
Utility Expanses 64,000 Transportation 4,300
Additional Data: Cost of merchandising inventories on hand; December 31, 2012 Rs. 55,500
Required: Prepare multiple steps income statements and classified Balance sheet on December 31, 2012
Q#3 cash in the bank Account for ABC Enterprises at December 31, 2002 indicates a balance of Rs. 12,192.50 the
bank statement indicates a balance of Rs. 19,955.65 on same date. The comparison of bank statement and
accompanying cancelled cheques and memorandum with the record revealed the following reconciling items;
a. A deposit of Rs. 4015.20 representing the receipts of December 31 had been made too late to appear on the
statement (Late deposits)
b. Cheques outstanding total Rs. 9090.75
c. The bank had collected for ABC Enterprises Rs. 3045/= on a note left for collection. The face value of note
was Rs. 3000/=
d. The cheque drawn for Rs. 470/= had been erroneously charged by the bank as Rs. 740/=
e. A cheque for Rs. 72.50 returned with the statement had been recorded in the cheque register as Rs. 7.25
f. Bank service charges for December Rs. 22.15/=
Required: Prepare a Bank- Reconciliation Statements.
Q#4 the following are the transactions pertaining to Allowance for uncollectible account.
A company’s allowance for uncollectable account had a credit balance of Rs. 10,115 on December 31, 2012. On that
day and during the current year it completed the following transactions;
December 31, 2012 Provided on additions to allowance for uncollectible account equal to 1%
of the year’s sale of Rs. 11,400,000/=
January 10, 2013 Learned that Kamal and sons had gone out of business leaving no asset. Wide off his Rs.
2115/= account as uncollectable

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February 15, 2013 Kamal and sons paid Rs. 1,000/= of the account written off on January 10.
March 20, 2013 Made a compound entry to write off these account; Umaias Brothers Rs. Rs. 3950, Zaidi
Enterprises Rs. 2790 and Babar Co: Rs 4,000/=
March 31, 2013 Estimated the Allowance for uncollectable account equal to 1% of the period’s sale of
1,570,000/=
Required: Record necessary adjusting entries on December 31, 2012 and March 31, 2013 and also record the other
journal entries and maintain the allowance for uncollectable account.
Q#5 (a) Ali enterprises purchase a delivery van for Rs. 150,000/= Jan 01, 2008 the van was estimated to have
service life of 05 years and residual value of Rs. 30,000/=
Compute the depreciation for first three year using;
I.Sum of the years digits methods
II.Double declining balance method
Q#5 (b) equipment costing Rs. 44,000/= on which 30,000 of accumulated Depreciation had been rwecorded
was disposed off on Jan 02, 2013. What journal entries are required to record the equipments disposition under
each of the following assumption.
a. Equipment was sold for Rs. 18,000/= each
b. Equipment was sold for Rs. 11,600/= each
c. The equipment was retired from services and hauled to the junkyard. No material was salvaged.
Q#6 What, why and when adjusting entries are prepared. Explain with examples

Q#1 prepare the transactions, then record in general journal and post only cash entries in cash account of six
columns (Self Balancing Ledger), connecter to following possible effects (the amount of each transaction may be
given at your own):
1. Increase in assets and increase in Owner’s equity.
2. Increase in assets increase in another assets and increase in revenue.
3. Decrease in asset and Decrease in revenue.
4. Decrease in asset, increase in asset and increase in liability
5. Increase in asset, decrease in liability and increase in Owner’s Equity.
Q#2 On December 31, 2012, the close of fiscal year for Board Corporation, the company’s ledger contains the
following account with balances:
Account payable Rs. 44,900 Rs. 90,000

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count Receivable 102,000 Marketable Sec: 45,000 Addition

Acc. Dep. Furniture 3,600 Notes Payable 24,000 al
Acc. Dep. Building 16,000 Notes Receivable 33,000 informa
Building 160,000 Office Supplies 3,600 tion:
Bonds Payable 125,000 Office Supplies Expense 4,200 In
57,000 Purchases 574,575 addition
Capital Stock Purchases Return 3,000 to
Dividend 50,000 Purchase Discount 1,635 account
Acc. Dep. Furniture 3,600 Prepaid Insurance 2,100 balance
Acc. Dep. Building == 9,000 Rent Expanse 25,200 given
Debenture Payable 85,000 Retained Expense 106,400 above, it
Freight in 18,000 879,000 is
Furniture 60,000 Sales Return 5,000 determi
M. Inventory (Beg.) 86,700 Sales Discount 7,000 ned by
Income Tax Payable 40,000 Salaries Expanse 87,000 count
Income Tax Expanses 40,000 Wages Expanse 31,200 that
Insurance Expanse 24,000 mercha
Insurance-in-Transit 12,000 ndise
inventory as on December 31, 2012 amounted to Rs. 107,640/-
Required: Prepare the trial balance in sequence order.
Q#3 Using the data of question#2, Prepare necessary closing/adjusting entries and Classified Balance Sheet.
Q#4 state briefly (not more than half page) any five of the following:
Financial Accounting Current Assets Ledger
Closing Entries Worksheet Unearned Revenue
Accrued Expenses
Q#5
It is a March 31, 2013; Fry Company is ready to prepare its March Bank Reconciliation.
The following information is available:
(1)
Company Cash Account
March 01, Balance Rs. 14,175 Checks 6,500
Deposits 25,734
(2)Bank Statement, March 31:

Balance, March01_____________________________________________Rs. 15,400
Deposits_____________________________________________________ 25,599
Checks Cleared _______________________________________________ 27,059
NSF Check (Customer X) _______________________________________ 50
Note collected for depositor (including interest, Rs. 40) ________________ 840
Interest on bank balance ________________________________________ 18

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Bank Service Charge___________________________________________ 7

(3) Additional Information:
(a) On deposit by the company was Rs. 10 overstated by the company; it was recorded correctly by the bank.
(b) The bank cleared Rs. 89 check as Rs. 98; it has not been corrected by the bank.
(c) End of February: Deposits outstanding Rs. 775; checks outstanding Rs. 2,000.
Required: Prepare a Bank Reconciliation for March and give necessary journal entries
Q#6 (A)
The accounting records of Ahmed Brothers are maintained on the basis of a fiscal year ending April 30. The
following facts are to be used for making Adjusting Entries before the accounts are closed and financial statements
are prepared at April 30.
1. Ahmed Brothers purchased a machine on Jan 01, of the current year for Rs. 24,000/-. The machine had an
estimated life of 08 years and salvage value of Rs. 2,000/-.
2. A 36 months Fire Insurance Policy had been purchased on April 01, of current year. The premium of Rs. 43,200/-
for the entire life of policy had been paid on April 01 and recorded as Prepaid Insurance
3. A portion of the land owned had been leased on February 01, of the current year toa service station operator at
a yearly rent of Rs. 14,400/- one year rent was collected in advance at the date of the lease and credited to
unearned rental revenue.
4. A bus to carry guest to and from the airport has been rented on April 19 from Murtaza Rent a Bus at a daily rate
of Rs. 775/-. No rental payment had yet been made.
5. On April 12, a room having a rent of Rs. 500/- per day was rented to a guest; the amount of rent had yet not
been collected till April 30.
Required: Prepare adjusting journal entries.
Q#6 (B)
ABC Enterprises purchased and put into use a machine on Jan 01, 2010, at a total cost of Rs. 130,000/-. The
machine was estimated to have salvage value of Rs. 5,000/- and 10 years life. It was also estimated that machine
would produce One Million units of product during its life. The machine produced 90,000 units in 2010, 110,000
units in 2011, and 125,000 units in 2012. Required: Prepare a chart showing depreciation, accumulated
depreciation and book value of the machine usingthe following methods:
a. Units of Production
b. Double Declining Balance
Q#1 The following transaction took place in Pat Campbell Crop Dusting Corporation during the month of June 2010,
the month of establishment of the corporation.
June 1 Campbell deposited $80,000 cash in a bank account in the name of the business
June 2 Purchase a crop dusting aircraft from utility aircraft for $220,000. Made a $40,000 cash
drawn payment and issued a note payable for $180,000
June 4 Paid Woodrow aircraft $8,500 to rant office and hanger space for the month.
June 15 Billed customers $8,320 for crop dusting service rendered during the first half of June.
June 15 Paid $5,880salaries to employees for services rendered during the first half of the June.

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June 18Paid Hannigan‘s Hanger $1,890 for maintenance and repair services.
June 25Collected $4,910 of the amounts billed to customers on June 15.
June 30Billed customers $16,450 for crop dusting service rendered during the second half of the month.
June 30Paid $6,000 salaries to employees for services rendered during the second half of the month.
June 30Received a fuel bill from Henry’s Feer & Fuel for $2,510 of aircraft fuel purchased during June. This amount is
due by July 10.
June 30Campbell withdrew $2,000 cash from the business for personal use.
List of account titles used by Campbell Crop Dusting were as follows.

Account receivable Aircraft
Notes payable Accounts payable Pat Campbell, Capital
Pat Campbell, DrawingCrop Dusting Revenue Maintenance Expense
Fuel Expense Salaries Expanse Rent Expense
Instructions:
a) Prepare journal entries.
b) Post to ledger accounts.
Q#2 Refer the data from Q#01, and prepare a trial balance at June 30, 2010 and compute the following.
Total assets Total Liabilities Total stockholders’ equity
Q#3 The operations of Hempstead realty consists of obtaining of houses being offered for sale by owners,
advertising these house, and showing them to prospective buyers. The company earns revenue in the form of
commissions. The building and office equipment used in the business were acquired on January 1st of the current
year and were immediately placed in use. Useful life of the building was estimated to be 30 years and that of the
office equipment 5 years. The company closes its account monthly; on March 31st of the current year, the trial
balance is as follows:
HEMPTED REALTY
Trial Balance
March 31, 20XX
Cash 29,750
Account receivable 7,500
Office supplies 850
Land 30,000
Building 90,000
Accumulated depreciation: $500
Building
Office equipment 21,000
Accumulated depreciation: office 700
equipment
Account repayable 14,750
M. Valentino, Capital 126,650
M. Valentino, Drawing 4,500

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Commissions earned 50,000

Advertising expense 900
Automobile rental expense 500
Salaries expense 7,000
Telephone expense 600
192,600 192,600
From the trial balance and supplementary data given, prepare the following as of march 31, 20XX.
a) Adjusting entries for depreciation during March of building and office equipment.
b) Adjusting entry to recognize as expense the cost of office supplies used in March. At the end of March, the
supplies at hand are estimated to have a cost of Rs. 500.
c) Adjusted trial balance.
Q#4 Refer the data Q#2 and prepare the following as of March 31, 20XX
a) Income statement and statement of owner’s equity for the month of March, and a balance sheet at March
31.
b) Closing entries
c) After closing Trial Balance
Q#5 make the necessary entries for each of the following as of March 31, 20XX
On April 1st the Star Company received Rs. 15,400 for a three year subscription to its political newsletter. The
firm closes its books once a year on Dec 31st. make the entry to record the record the receipt of the subscription
and the adjusting entry at Dec 31st. the firm uses an account called Unearned Subscription Revenue .
Q#6 Define any five of the following terms.

Statement of cash Retained earnings Depreciation Inventory
flows
Subsidiary Worksheet Unearned revenue

Q#1 Enumerate main objects of Financial Accounting, stating how it helps the management in making sound
business decisions.
Q#2 Describe, at least six main functions of GENERAL JOURNAL.
Q#3 A comparison of CASH book (bank column) of Alpha Traders with their Bank statement for the month of
December, 2009 indicates that bank balance as her cash book was Rs. 30,000/= while according to Bank statement,
it was Rs. 37,000/=. The following causes of disagreement were noted:
1. A cheque of Rs. 4,000 was deposited into bank but it was collected by bank.
2. A cheque of Rs. 2,000 was issued but not presented to bank for payment
3. Bank charges of Rs. 2,000 were not recorded in cash book
4. Direct deposit of cash of 7,000 by a customer into bank was not recorded in cash book

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Required: Bank Reconciliation statement.
Q#4 pass necessary GENERAL JOURNAL entries to rectify the following ERRORS.
a) An office equipment costing Rs. 80,000 was wrongly debited to purchases account.
b) Cash of Rs. 50,000 received from Ali Hassan was credited to Wali Hassan account
c) Cash of Rs. 43,000 actually received from a debater was recorded as Rs. 34,000.
d) Rs. 4,000 spent on repairs of office furniture were debited to office Furniture account.
Q#5 listed below are Ten Balance Sheet Account of ABC Traders as on June 30, 2009.
Automobile 850,000 (6) Loan payable 170,00
A/P 145,000 (7) Cash Bank Balances 60,000
N.P. for the year 200,000 (8) Accounts Receivable 150,000
Office Equipment 80,000 (9) Drawings 100,000
Owner’s (opening) capital 200,000 (10) Furniture 75,000
th
REQUIRED: classified Balance Sheet of ABC Traders as at 30 June, 2009 by rearranging the information given
above.
Q#6 write short note in the following.

Accounting Cycle Ten Column work sheet
Working capital and its ratio. Basic Financial Statement

Q#1 (a) What is financial accounting?
(b) List and briefly define the three functional areas of accounting
Q#2 (a) Answer each of the following independent questions.

• The star company’s asserts equal Rs. 62,000 and its stockholder’s equity totals Rs. 32,000.what is the amount
of its liabilities?
• The liabilities of Khan Company are Rs. 35,200 and its owner’s equity is Rs. 25,800. What is the amount of its
assets?
• IBA Corporation started in July with assets of Rs. 160,000 and liabilities of Rs. 100,000. During the month of
July S.H.E increased by Rs. 34,000 and liabilities decrease by Rs. 20,000. What is the amount of total assets at the ed
of July?
(b) classify the following accounts as assets , liabilities or stock holder’s equity. If you do not think that the item
would be recognized as any of the above, so state and give your reasons.
• Cash
• Notes payable
• Accounts payable
• Accounts receivable
• A trade mark
• Capital stock

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• A firm’s good management

• Land
Q#3 (a) what information does the balance sheet report?

(b) The following data available for Johan supply store as of June 30, 2000.
(1) The purchase cost of all equipment owned by the store was Rs. 20,000 when making the purchase, a note for
Rs. 18,000 was given to the supplier. An additional payment of Rs. 2000 has subsequently been made on the note.
(2) Several years ago the company purchased a plot of land for Rs. 100,000 cash, to be used for future store
expansion. Although the land has yet to be used, the company still owns it. Recently it has been appraised at Rs.
140,000
(3) Supplies on hand cost Rs. 15,000
(4) John owned various suppliers Rs. 12,000.
(5) When the firm was organized, capital stock of Rs. 50,000 was issued.
(6) Various individuals owned the firm Rs. 2,500.
(7) Retained earnings amounted to Rs. 70,000.
(8) The firm had inventory for resale of Rs. 10,000.
(9) The firm had some cash in a checking account but was unable to determine the amount. All other items have
been given to you.
Required: prepare a balance sheet for John Supply store as of June 30, 2000.
Q#4 (a) What is the purpose of income statement?

(b) The revenue, expense and related accounts of the IBA Corporation for the year ended June 30, 2012 are
listed below:
Advertising expense Rs. 2500
Beginning retained earnings 42750
Cost of goods sold 25000
Delivery expense 6850
Insurance expense 100
Interest expanse 500
Repairs and maintenance 2500
expanse
Sales 75000
Salaries expanse 5000
Supplies expanse 750
Tax rate 30%
Depreciation expense 10000
Indicates selling expenses. Other expanses besides interest are general and administrative. Included in the salaries
of Rs. 5000 are Rs. 1000 of dividend s paid to the owner, IBA Corporation.
Required:
a) Prepare in good form a single – step income statement.

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b) Prepare in good form a multistep income statement.

c) Prepare in good form a retained earnings statement.
Q#5 Make analysis of the following transaction for IBA Corporation.

1. Acquired inventory on credit, Rs. 10,000.
2. Acquired store equipment for Rs. 4000 cash plus Rs. 11000 trade credit.
3. Sold unneeded showcase to neighbor for Rs. 1000 on open account
4. Returned inventory to supplier for full credit Rs. 800.
5. Paid cash to creditors Rs. 4000
6. Collected cash from debtors Rs. 700
7. Sales on credit Rs. 160000.
8. Paid rent for three months in advance Rs. 6000.
Q#6 Write the short notes on the following.

a) Trial balance
b) Ledger
c) Balance Sheet

Q#1 How do the Dishonors Note Receivable and Discounted Note Receivable differ? How is each reported in the
balance Sheet?
Q#2 Information necessary for the preparation of Bank Reconciliation Statement and related adjusting entries for
XYZ Corporation at December31, 2009 is listed below.
1. The balance as per record of XYZ Corporation is Rs. 8353.90.
2. The bank statement shows the balance of Rs. 9168.57 as of Dec. 31, 2009
3. Two debit memoranda accompanied the bank statement, one for Rs. 13 were for services charges and other
for Rs. 864.60 covering NSF cheque. The cheque was issued by Umair Enterprises as credit customer.
4. Cheque No 0876 for Rs. 456.3 had been erroneously recorded as Rs. 465.3 in the cash payment journal ands
cheque No. 0654 for Rs. 77.44 has been recorded as Rs. 44.77. The cheque 0654 was for the telephone bill and
cheque No. 876 was for the payment of creditor.
5. The credit memoranda for Rs. 2070 representing the processed of Rs. 2000, 6% interest bearing note issued
in Dec of the last year, collected by bank from Ahsan and sons. Bank deducted the remaining amount for collection
charges.
6. The collection charges for Rs. 126 (not applicable for XYZ Corporation) was erroneously deducted from the
account.
7. Cash receipts of Dec 31, 2009 amounting Rs. 585.25 were mailed to bank too late does not include to
December statement
8. Cheques outstanding as of Dec 2009 were Rs. 358.
Required: Bank Reconciliation Statement and also present necessary journal entries.

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Q#3 the following transaction are related to Uncollectable account. All were completed during the year 2009.
1. Wrote off Rs. 7480, balance owned by BPA enterprises with no asset.
2. Received Rs. 6290 of the balance Rs. 9290, owned by Ahmed Company, a bankrupt, wrote off the remaining
as uncollectable.
3. Reinstated the amount of XYZ Brothers that had been written off in the last year and received Rs. 5000 cash
in full payment
4. Received Rs. 800 from Mahmood and Sons that had been written off two years earlier Rs. 1600.
The allowance for uncollectable account indicates a cr balance of Rs. 14270as on Jan, 01 2009.
Required: Present necessary general journal and adjusting journal entries, assuming that the estimated allowance
for uncollectable account as of Dec 31, 2009 is Rs. 65000.
Q#4 (a): XYZ Corporation acquired and put into use a machine on January 01, 2006 at the cost of Rs. 82000. The
machine was estimated to have a scraped value of Rs. 2000. It was also estimated that machine would produce 01
million unit of product during its life of 15 years. The machine produced 90000 units in year 2006, 1,10000 units in
2007 and 125,000 units in 2008.
Required: compute the amount of depreciation and book value using the following methods:
a. Units of production b. double declining balance
Q#4 (b) On January 01 2003 XYZ corporation purchase a delivery truck of Rs.1,200,000 for cash the truck has an
estimated life of 20 years and salvage value of Rs. 150,000. The depreciation of truck is being computed using
straight line method.
Required: prepare journal entries on record the disposal of truck on June 2008under each of the following
conditions.
1. The truck was sold for Rs. 300,000.
2. The truck was sold for Rs. 800,000.
3. The truck was stolen and insurance processed of Rs. 570,00 were accepted.
Q#5 The operations of Hempstead really consists of obtaining of houses being offered for sale by owners,
advertising these house and showing them to prospective buyers. The company earns revenues in form of
commissions. The building and office equipment used in the business were acquired on January 1st of the current
year and were immediately placed in use. Useful life of the building was estimated to be 30 years and that of the
office equipment 5 years. The company closes its accounts monthly on march 31st of the current year, the trial
balance is as follows:
HEMPTED REALTY
Trial Balance
March 31. 20XX
29750
Accounts Receivable 7500
Office Supplies 850
Land 30000
Building 90000
Accumulated depreciation: Building Rs. 500

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Office equipment 21000

Accumulated depreciation: Office 700
equipment
Accounts repayable 14750
M. Valentino, Capital 126650
M. Valentino, drawing 4500
Commsion earned 50000
Advertising expense 900
Automobile rental expanse 500
Salaries expanse 7000
Telephone expense 600
192600 192600
From the trial balance and supplementary data given, prepare the following as of March 31, 20XX.
a) Adjusting entries for depreciation during March of building and office equipment.
b) Adjusting entry to recognize as expense the cost of office supplies used in March. At the end of March the
supplies at hand are estimated to have a cost of Rs. 500
c) Adjust trial balance.
Q#6 Write the short note on the following.
1. Accrued Expenses 2. Subsidiary Ledger 3. Petty Cash Fund

Q#1 (a) Accounting is believed as a language of business, fluency in this language is needed in the new
millennium. Discuss this statement.
Q#1 (b) Explain time period and business entity concepts.
Q#2 several years ago Mantina started on art supply store called Martina’s art. The store has been very
successful, and profit for the last year reached a new high. Mantina asks you to help her to prepare on income
statement and balance sheet for the current year and gives you the following information:
Total sales Rs. 800,000
Cost of goods sold ?
Salaries expanse 60,000
Rent expense 40,000
Advertising expense 10,000
Taxes 57,000
Net income 133,000
Cash 25,000
Receivable 40,000
Inventory ?
Land 215,000
Total Assets 370,000
Accounts payable 30,000
Salaries Payable 10,000

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Capital Stock 100,000

Retained Earning Jan: 1, 2002 97,000
beginning of period.
Required: assuming that all the items are listed above, prepare:
a) An income statement for the year ended December 31st, 2008
b) A balance Sheet at December 31st, 2008.
Q#3 (a) what do we mean when we say that Accounting is a means rather than an end?
(b) what kind of organizations, in addition to businesses, use accounting information?
Q#4 (a) what is the purpose of income statement?
The revenue, expense and related accounts of the IBA Corporation for the year ended Jan 30, 2008 are listed
below:
Advertise expanse* Rs. 2500

Beginning retained earnings 42750
Cost of goods sold 25000
Delivery expense* 6850
Depreciation expanse 10000
Insurance expanse 1000
Interest expense 500
Repairing and maintenance expense 2500
Sales 75000
Salaries expense* 5000
Supplies expense 750
Tax rate 30%
*indicates selling expense. Other expanses besides interest are general and administrative the salaries of Rs. 5000
are Rs. 10000 of dividends paid to the owner, IBA Corporation.
Required:
(a) Prepare in good from a single-step income statement. (b) Prepare in good from a multistep statement. (c)
prepare in good form a retained earnings statement.
Q#5 (a) explain briefly why each of the following groups might be interested in the financial statement of a business
I.Creditors II. Potential investors III. Labor union
Q#5 (b) presented below is the basic accounting equation. Determine the missing amounts
ASSETS = LIABILITY + OWNER’S EQUITY
(a). Rs. 90000 Rs. 50000 ?
Rs. 48000 Rs. 70000
(c). Rs.94000 ? Rs. 72000
Q#5 (c) The Ace cleaners has the following balance sheet items.
Accounts payable cash Cleaning Equipment Cleaning Supplies

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Accounts payable Notes Payable Salaries Payable H.Ace Capital

Requirement: Classify each items as an asset liability or Owner’s equity
Q#6 prepare an income statement from the following accounts balance, and then a statement of owner equity for
Star Painting Contractors for the year ended December 31st 2008.
T. Start painting capital 31st Dec. 2008

27,200 t Exp. 9,600
T. Star Drawing 18,000 Adv. Exp. 3,200
Painting fees earned 140,000 Dep. Exp. 1,200
Paint and supplies Exp. 27,500 Painting Exp.
Sales Expanses 66,800
Q#7 (a) write short notes on any three of the following

1. Balance sheet
2. Income statement.
3. Worksheet.
4. Bank Reconciliation
Q#7 (b) discuss stapes involved in Accounting Cycle
Financial Accounting 2004

Q#1 what is the purpose of Financial Accounting? Identify and define each of the components of the basic
accounting equation.
Q#2 the trial balance of Rehman Sales Company, as of 31st December 2003 is presented below:
Cash 73200
Amounts receivable 11000
Merchandise Inventory 33000
Supplies 3600
Prepared insurance 1400
Equipment 10000
Accumulated Depreciation 2000
Account Payable 14200
Rehman-Capital 22500
Rehman-Drawings 3000
Purchases 117000
Salaries Expanses 18000
Rent expenses 4000
Advertising expenses 2600
Misc: Expense 4700
Sales 244000
Sales Returns 1200

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Total Rs: 282700 282700
Instructions: prepare ten column worksheet, using the following additional information for year- end adjustments:-
a) Merchandise inventory on December 31st was Rs. 28600.
b) Supplies inventory on December 31st was Rs. 1100.
c) Insurance expired during the year was Rs. 950.
d) Depreciation for the current year was Rs. 750.
e) Salaries accrued on December 31st was . 350.
Q#3 Distinguishes between the following:-
i.Prepare expanse and accrued expense.
ii.Perpetual and periodic inventory systems.
Q#4 (a) record the following entries in the general journal of a cleaning company:
i.Invested Rs. 12000 cash in the business.
ii.Paid Rs. 1000 for office furniture
iii.Bought equipment costing Rs. 8000 on account.
iv.Received Rs. 2200 in cleaning income.
v.Pair 25% of the amount owned on the equipment.
Q#4 (b) based upon the balance below, prepare entries to close out
i.Revenue accounts.
ii.Expense accounts
iii.Expense and income summary
iv.Drawing account
Aslam-Capital Rs. 22000, Aslam-Drawing Rs. 6000, Service Revenue Rs. 12000, intrest income Rs. 1500, salaries
expense Rs. 8000, rent expense Rs. 4000, interest expenses Rs. 2000, Depreciation expense Rs. 3000.
Q #5 Irfan Company acquired an asset on 1st January 1995 at a cost of Rs. 2800, with an estimated useful life of 10
years and a salvage value of Rs. 500. Find the annual depreciation for the first two years, using the (a) straight-line
method, (b) sum-of-the-year’s-digits method (c) Double declining balance method. (Show your computations).
Q#6 (a) on 1st January 2002 Mustafa Corporation was organized with an authorization of 5000 shares of 6%
preferred stock of Rs. 100 par and 1000 shares if Rs. 25 par common stock. Record the following transactions.
January 10th: Sold half of the common stock at Rs. 28 for cash.
January 25th: issued 2000 share of preferred and 1000 shares of common at par in exchange for land and building
with fair market value of Rs. 140000 and Rs. 85000 respectively.
March 30th: sold the balance of the preferred stock for cash at Rs. 105
Q#6 (b) present the stock holder’s equity section of the balance sheet as on March 30th.
Q#7 write short note on any three of the following:
(i) Accounting Cycle (ii) Intangible Assets
(iii) Formation of corporation (iv) Rules of Debiting and Crediting the Account.

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Computer Orientation And Packages

Q # 1(a) Describe historical background for the origination of innovative & dynamic
Computing. Mention major inventions of each generation of commercial computing.
(b) " Information Technology is very dynamic field comprises on different inter linked
Branches. “Elaborate different branches with the practical applications of IT in commercial sectors.
Q # 2. What do you know about server-based and peer-to-peer network architecture?
Describe the broad concept of Internet and also discuss major services of Internet with their implementable
advantages and drawbacks.
Q # 3. (a) Elaborate the concept of Database management system. Also mention major
Functions of DBMS.
(b) What is Operating System? Define major types and functions of Operating system.
Q # 4. (a) List and define basic and alternative input devices of computer.
(b) What is the role of computer storage devices? List and describe magnetic and optical storage devices.
Q # 5. (a) What is Network topology? List and define major types of network topologies.
(b) Convert the following.
i. (1011011)2 = ( ) 10
ii. (420420)10 = ( ) 2
Q # 6. (a) Describe the following MS Excel functions with suitable examples:
(i) POWER (ii) DATE (iii) MIN (iv) MOD
(b). List any five container tags of HTML with their attributes.
Computer Orientation And Packages 2012-2013

Q#1 Explain why it is essential to learn about computers today and discuss how computers are very much
integrated into our bus messes and personal lives.
Q#2 (a) Describe major innovations of computer generations.
(b) List & describe the factors affecting the processing speed of Computer
System
Q#3 (a) what is Operating System? Describe the operating system's role in running software programs.
(b) Elaborate five types of utility software which enhance the operating system
Q#4 (a) What is network topology? Describe with examples and illustrations four most common network
topologies
(b) Describe the following text code schemes.
i. EBCDIC
ii. ASCII
iii. Unicode
Q#5 (a) Attempt the following:
(i) How a CRT monitor displays images
(ii) Convert (01000010)2 into decimal
(b) Differentiate the following:

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(i) Primary storage devices v/s Secondary Storage Devices

(ii) CISC v/s RISC Processors
(iii) Dot Matrix Printers v/s Ink Jet Printers
(iv) Passive Matrix LCD v/s Active Matrix LCD.
(v) Level-I (LI) v/s Level-2 (L2) Cache
Q#6 (a) Write any five shortcut keys with their purpose used in MS-PowerPoint.
(b) Write any five SQL statements to access the MS-Access Database.
(c) Elaborate any five MS Excel functions with suitable examples.
Computer Orientation And Packages 2011-12&2012-13

Q#0l. (a) Describe historical background for the origination of computing Mention major
Inventions of each generation of commercial computing
(b) Define Information Technology with its branches? Elaborate major applications of
Information Technology in era of Business with examples.
Q#02. (a) What is Database? Mention main infarction performed by DBMS.
(b) What is computer network? List and describe network topologies.
Q#03. (a) Draw Information processing cycle Define major elements of information processing
cycle.
(b) List main parts of the CPU. Which Component do you think most important? Justify
your answer with arguments.
Q # 4. (a) Differentiate the following:
(i) Bar code reader v/s MICK (ii) Micro V/s Mini Computer (iii) Bespoke v/s Generic software products (iv) Compiler
v/s Interpreter
(b) Differentiate e between Server based and Peer to peer network architecture
Q # 5. (a) What is Operating System? Describe any five functions of Operating System.
(b) What do you know about computer languages? Differentiate between high level and low level languages.
Compulsory. Question
Q#6
i.Steps in Website Development Life Cycle
ii.Any five shortcut keys of MS PowerPoint with their purpose
iii.Types of Computers according to their size and capacity
iv. Three common variants of the mouse
v.Any five SQL statement of MS-Access database
A B C D E F G
Emp id Emp name Designation Basic pay 20% of basic pay Allowance Gross salary
1120 Ahmed Manager 30000
1. Write the formula of Calculating 20% of basic pay in cell E4.
2. Write the write the formula of calculating allowance in cell F4
a) If 20% of basic pay>=5000 then allowance must be freeze on 5000 in cell F4.

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b) If 20% of basic pay<5000 then calculated allowance must be in cell F4.

3. Write e the formula of calculating gross salary in cell G4 by adding basic pay and allowance.
Q:1 (a) what is computer system? Discuss the role of computers in the processing of Business
transactions in an organization.
(b) What is utility software? Name and elaborate any four utility software. `
Q#2 (a) Describe conventional -background of the origination of computing. Mention
major inventions of each generation of commercial computing.
(b) List and describe functions performed by database management system.
Q#3 (a) what is computer network? How computer networks are structured?
(b) list and define three hardware factors affecting processing speed of a computer.
Q#4 (a) List and describe four most popular text code systems for representing data into computers.
(b) Mention how a computer outputs sound
Q#5 (a) Differentiate the following:
(i.) Cache memory v/s virtual memory (ii) MICK v/s OCR
(iii) CISC v/s RISC processor
(b) List
(i) Four criteria while evaluating monitors (ii) Types of ROM (iii) two reasons why computers use the binary number
system. (iv) Three best-known families of CPUs
(v) Main types of auxiliary storage devices
Q#6 (a)
1 2 3 4 5 Total percentage Grade Remarks
For the data mentioned in MS-Excel Sheet given above:

(i) Write the formula for calculating total in cell G4.
(ii) Write the formula for calculating percentage in cell H4.
(iii) Write the formula of Grade on the basis for the value in cell H4 for
Following conditions:
A =87 – 100
B =72– 86
C = 60 - 71
FaiI below 60
(b) Write the number of rows; columns and cells in excel 2007.
(c) Determine the value of the following functions;
POWER (4,3) (ii) MOD(3O,4) (iii) Date(2012,5,18)
(d) The value of cell C8 is 31/21/2012 and cell D8 is 5/21/2011. Then which type of value will exist for the
expression C8- D8?
(i) Alphabetic (ii) Date (iii) Numeric

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(e) The value of cell G9 is 6/22/2012 Calculate the value for the expression W + 5.
(f) Write the Excel function names to calculate the following:
(i) Arithmetic Mean (ii) Standard Deviation (iii) Smallest Value
(g) Elaborate the purpose of Sum(a3:al2)/count(a3:a12)
(h) Write the SQL statements in MS Access database commands:
(i) Select (ii) Insert (iii) Update

Q#1Explainbrieflyclassificationsofcomputerswithexamples(Computersfor
Organizations and Computer for Individuals)
Q#2. List and define the factors that effect the process deed of computer.
Q#3 discuss the features that need to be considered while purchasing operating system. Discuss any three operating
systems with examples.
Q#4 Explain briefly varieties of network with suitable examples.
Q#5 Differentiateanythreeofthefollowing.
1.CRTMonitorsandFlatPanelMonitors
2.Active LCDandPassiveLCDscreens
3.ImpactandNon-Impactprinters-
4.TrueMeshtopologyandHybridMeshtopology
5.HAN andLANareanetworks.
Q#6.Describeanythreeofthefollowing.
I.Plotters
II.Dyesublimation printers
III.Ergonomics
IV.Internet history
V.Topology

Q#1 what is computer? Discuss component of computer system with examples.
Q#2 define & different any three of the following.
I.CRT Monitors and LCD Monitors
II.True mesh topology and Hybrid Mesh Topology.
III.Dot matrix and hybrid mesh topology
IV.RAM && ROM
Q#3 discuss classification of the computer (computer for individuals and computers for organizations) with
suitable examples.
Q#4 (a) explain briefly the history of internet
(b) Define any three of the following in short.
i. protocol ii. Web site
iii. Web portal iv. Search engine
Q#5 what is network? Discuss the varieties of network (LAN, CAN, MAN, WAN, GAN) with suitable example .
Q#6 Discuss different operating system and their features with examples.

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Q#1 (a) describe five common type of computer system
(b) List and describe different factors which affect computers’ processing
Q#2 (a) Define the main two parts of the CPU and explain how they work together
(b) List and elaborate four characteristics while comparing monitors.
Q#3 (a) Differentiate the following:
(i) Static RAM and SDRAM
(ii) Passive matrix LCD v/s Active Matrix LCD
(iii) Level-1 (L-1) v/s Level-2 (L-2) Cache
(iv) Workstations v/s Personal computers.
Q#4 (a) what id network topology? Describe in short four most common network topologies
(b) How network are structured?
(c) List four examples of network operating system
Q#5 (a) Differentiate between magnetic disk & optical disk. Also explain how data is stored on the surface of
magnetic and optical disk.
(b) list and describe four most popular text code system for representing data into the computer
Q#6 Do as Direct
I.Write any six types of computers for an individual users
II.Mention any eight serviced of the internet
III.Describe any five MS Excel function with proper examples
IV.Elaborate with suitable example any five statement to access the MS-Access database
V.Mention the role of operating system in running software programs
VI.List four components found in most graphical user interfaces
VII.Write any five DMBS software names and any four ERP software name.
Managerial communication 2013-14

Q#1 What managerial communication is all about? Validate the magnitude of communication in modern business
organizations.
Q#2 List the business writing principles. Argue the ways in which “consideration” and “clarity” may be indicated in
the message.
Q#3just draw the diagram clearly mentioning the ingredients of “mechanical details” and “general appearance” of
an excellent business letter.
Q#4 list and explain the functions performed by a democratic leader before the business meeting, during the
business meeting and after the business meeting.
Q#5 list the followings:
I. Functions of sales letter
II. Sales letter systems or series
III. Distinction between the sales and sales promotion letter.

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BATCH - 33
Q#6 list and discuss the different organizational plans which you opt for business letter and why? How do opening
and closing influence a business letter?
Managerial communication 2011-2012 & 2012-2013

Q#1 people in the world are not exactly alike. As a result, meaning of the sender’s message and the receiver’s
response are affected by multiple of the factors. Identify them and explain
Q#2 most of the important transaction in a business enterprise either initially or ultimately take the form of letter.
What points will you consider for the physical make up of a business letter relating principally to its “mechanical
details” and “general appearance”.
Q#3 how inquiry letter can be made effective? Discuss the kinds of inquiry letters. List the points which are to be
following while replying the inquiry letters.
Q#4 List the tools of oral presentation. List and explain the methods of delivering the effective speech.
Q#5 High light subject matter of managerial communication. “Managerial communication is the oxygen of the
business organization. Discuss logically
Q#6 list the explain the steps involved in the process of planning the effective messages. Illustrate the checklist for
organizational plans using the “deductive and inductive” approach.
Managerial communication2012-2013
Q#1 what is the subject matter of the managerial communication. In what ways managerial communication plays
an effective roles in business activities? Explain.
Q#2 write the capsule checklist of the classification of business report and discuss the elements involved in formal
report.
Q#3 the opening and closing paragraphs of a written message are considered to be very important. Discuss the
guidelines for making these two paragraphs effective.
Q#4 list and discuss the elements of mechanical details and general appearance of a business letter with respect to
their importance.
Q#5 write a note on the good qualities of effective sentences and paragraphs in any written communication.
Q#6 what is the significance of listening in oral communication? List and discuss the good listening habits and
common faults of listening.

Q#1 Draw the capsule checklist of a good communication with respect to its significance in business
correspondence.
Q#2 check the fog index of two pieces of business writing ---one that you consider easy to read and one that is
difficult. Then tell the class how the fog index of each agrees with your readability level. Uses pattern from this list.
a) Letter form a company to a customer
b) Annual report
c) Magazine read by member of the profession which is your major.
d) Article on the front page of your daily newspaper
e) The wall street journal.

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Q#3 bring to class an example of a written business message that conveys an unfavorable nonverbal message, and
bring a second written message that conveys a favorable nonverbal message, state specific reasons for your
evaluation.
Q#4 when you meticulously apply the basis of effective business communication the common sense, you can
continue to ripen your communication ability. Gauge the statement
Q#5 label the dissimilar legal risks and worries that may occur in business communication. What are the safe-
guards against each risk?
Q#6 list the followings:
a) Sales letter systems
b) Parts of formal report
c) Tools of oral presentation
d) Indention styles and punctuation
e) Parts of deductive & inductive approaches

Q#1 What is the importance and benefits of effective communication? Highlight the importance of internal and
external communication.
Q#2 List the seven C’s of effective communication. Discuss the principle of completeness and consideration in
detail with suitable example.
Q#3 Define intercultural communication. Discuss the implication of internal communication in the different
societies.
Q#4 Discuss the five planning steps of preparing effective business messages. Discuss the basic organizational plans
and approaches in transferring business messages.
Q#5 List and explain the characteristics of a good business letter in detail.
Q#6 Discuss the job application process. Also explain the different steps which are kept in mind while preparing the
written job presentation.

Q#1 what is the subject matter of the managerial communication. in what ways managerial communication plays
effective roles in business activities? Explain
Q#2 the opening and closing paragraphs of a written message are considered to be very important. Discuss the
guidelines for making these two paragraphs achieve their respective purposes.
Q#3 write a note on the good qualities of effective sentences and paragraphs in any written communication.
Q#4 list and discuss the elements of mechanical details and genera; appearance of a business letter with respect to
their importance.
Q#5 write the capsule checklist of the classification of business reports and discuss the elements involved in formal
report.
Q#1 write the concept of communication. Describe the salient features of effective business communication
Q#2 Illustrate the capsule checklist of business writing principles.

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Q#3sometimes business communication is quite complex and imperfect, the malfunctions can occur easily and
may result in miscommunication” elaborate.
Q#4 Illustrate an appropriate diagram of the appearance and design of business messages. Explain
Q#5 write the classification of business reports. Write a formal report on declining sale of the regional branch of
your company.
Q#6 briefly explain the significance of listening. What are the common listening faults? Explain
Managerial communication2009-2010 & 2010-2011

Q#1 high light the subject matter of effective Business communication. “Effective business communication is the
oxygen of the business organization. Discuss logically.
Q#2 list and explain briefly the characteristics of a good business letter.
Q#3 Most of the business transaction either initially or ultimately take the form of business letter. What point will
you consider for the physical make up of a business letter relating principally to its “Mechanical details” and
“General appearance”?
Q#4 people in the world are not exactly alike. As a result, meaning of the sender’s message and the receiver’s
response are affected by multiple of the factors. Identify them and explain.
Q#5 on overviewing the register of accounts receivable you come to know that one of your credit customer has an
outstanding balance of Rs. 1,00,000.00 which is overdue by three months. For demanding the payments in a week,
write him series of letters in a systematic way including the ultimate action.
Q#6 list and explain the nine positive roles a participant can play in a meeting suggested by William M. Sattler and
N.Edd. Miller.
Q#1 Discuss the concepts/nature of communication. “the quality of communication determines the extent of the
success of a business”. Discuss.
Q#2 People in the world are not exactly like, meaning of the sender’s message and the receiver’s as a result
response are affected by multiple of the factors. Identify them and explain.
Q#3 list and explain the good qualities of effective sentence and paragraphs in any written communication.
Q#4 enumerates the different legal risk and complications that may occur in managerial communication. What are
the possible safeguards against each risk?
Q#5 decipher the following
“Tell them what you are going to tell them. Then tell them. Then tell them what you have told them”.
Q#6 Write short notes on any three of the following:
a) Outlining and organizing the message
b) Sales and sales promotion letter
c) Job application with resume
d) Inquiry letter
Q#1 when you diligently apply the basics of effective business communication with common sense, you can
continue to improve your communication ability. Evaluate the statement

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Q#2 Bring to class an example of a written business message that conveys a favorable nonverbal message. State
specific reasons for your evaluations
Q#3 check the fog index of two pieces of business written---one that you consider easy to read and one that is
difficult. Then tell the class how the fog index of each agrees with your readability level. Use example from this list:
a) Letter from a company to a consumer.
b) Annual report
c) Magazine read by member of the profession which is your major.
d) Article on the front page of your daily newspaper.
e) The wall street journal.
Q#4 Summarize the capsule checklist for good-news message and bad-news messages.
Q#5 “because of the wide variety of business reports, they can be and have been defined and classified in a variety
of ways”. Elaborate the statement by sketching suitable diagram.
Q#6 Decipher the following statement:
“Tell them what you are going to tell them. Then tell them. Then tell them what you have told them”.
Mgt. 2015
1. What is Management? Explain the functions of Mgt.
2. Discuss the characteristics and importance of organizational culture.
3. Explain green Management and how organisations can go green.
4. What is motivation and briefly Explain the early theories of motivation.
5. Compare and contrast Approaches to goal setting and planning.
6. Discuss contemporary issues in managing human resources.

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COLLEGE OF MODERN SCIENCES

Financial Accounting 2013-2014

Website: www.cmshyd.edu.pk Facebook: Cmshyderabad Contact: 022-3810784-5/ 0332-3810784

e) Supplies on hand on December 31, Rs. 200

Q#6 Write short notes on the following:

Financial Accounting 2011-2012 & 2012-2013

Website: www.cmshyd.edu.pk Facebook: Cmshyderabad Contact: 022-3810784-5/ 0332-3810784

Website: www.cmshyd.edu.pk Facebook: Cmshyderabad Contact: 022-3810784-5/ 0332-3810784

Miscl. Expenses 780 780

TOTAL 339,430 339,430 350,920 350,920

Q#6 Write short notes on any five of the following

Financial Accounting 2011-2012

Q#2 The following data are for Ahmed Lamps Enterprises;

Website: www.cmshyd.edu.pk Facebook: Cmshyderabad Contact: 022-3810784-5/ 0332-3810784

Account Receivable Rs. 48,300 Account payable Rs. 15,900

Website: www.cmshyd.edu.pk Facebook: Cmshyderabad Contact: 022-3810784-5/ 0332-3810784

Financial Accounting 2012-2013

Website: www.cmshyd.edu.pk Facebook: Cmshyderabad Contact: 022-3810784-5/ 0332-3810784

count Receivable 102,000 Marketable Sec: 45,000 Addition

(2)Bank Statement, March 31:

Website: www.cmshyd.edu.pk Facebook: Cmshyderabad Contact: 022-3810784-5/ 0332-3810784

Bank Service Charge___________________________________________ 7

Website: www.cmshyd.edu.pk Facebook: Cmshyderabad Contact: 022-3810784-5/ 0332-3810784

List of account titles used by Campbell Crop Dusting were as follows.

Website: www.cmshyd.edu.pk Facebook: Cmshyderabad Contact: 022-3810784-5/ 0332-3810784

Commissions earned 50,000

Q#6 Define any five of the following terms.

Financial Accounting 2008-2009

Q#2 Describe, at least six main functions of GENERAL JOURNAL.

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Required: Bank Reconciliation statement.

Q#6 write short note in the following.

Financial Accounting 2011-2012

Q#2 (a) Answer each of the following independent questions.

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• A firm’s good management

Q#3 (a) what information does the balance sheet report?

Q#4 (a) What is the purpose of income statement?

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b) Prepare in good form a multistep income statement.

Q#5 Make analysis of the following transaction for IBA Corporation.

Q#6 Write the short notes on the following.

Financial Accounting 2010-2011

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Office equipment 21000

Financial Accounting 2008-2009

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Capital Stock 100,000

Advertise expanse* Rs. 2500

Accounts payable cash Cleaning Equipment Cleaning Supplies

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Accounts payable Notes Payable Salaries Payable H.Ace Capital

T. Start painting capital 31st Dec. 2008

Q#7 (a) write short notes on any three of the following

Financial Accounting 2004

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Total Rs: 282700 282700

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Computer Orientation And Packages

Computer Orientation And Packages 2012-2013

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