Fast Institute Of Education

TEST SESSION: 2024

B.COM PART II
Test Date Days Books Syllabus
15/04/2024 Monday Tax 4 Definition+1 Long Qs+ Numerical Income Tax

16/04/2024 Tuesday Audit Qs (1,2,3)

17/04/2024 Wednesday BCRW+P.st Qs (1,2,3)+5 Market Terms

Test#1
18/04/2024 Thursday B.law Qs (1,2,3)

19/04/2024 Friday EOP Qs (1,2,3,4)

20/04/2024 Saturday Cost+Advance FOH + Bonus Shares & Right Shares

22/04/2024 Monday Tax 4 Definition+1 Long Qs+ Numerical Income Tax

23/04/2024 Tuesday Audit Qs ( 4,5,6)

24/04/2024 Wednesday BCRW+P.st Qs ( 4,5,6)+5 Market Terms

Test#2
25/04/2024 Thursday B.law Qs ( 4,5,6)

26/04/2024 Friday EOP Qs (5,6,7,8)

27/04/2024 Saturday Cost+Advance FOH + Department Account

29/04/2024 Monday Tax 4 Definition+1 Long Qs+ Numerical Income Tax

30/04/2024 Tuesday Audit Qs (7,8,9)

01/05/2024 Wednesday BCRW+P.st Qs (7,8,9)+5 Market Terms

Test#3
02/05/2024 Thursday B.law Qs (7,8,9)

03/05/2024 Friday EOP Qs (9,10,11,12)

04/05/2024 Saturday Cost+Advance CGS (IST Half) + Debentures

 06/05/2024 Monday Tax 4 Definition+1 Long Qs+ Numerical Income Tax
07/05/2024 Tuesday Audit Qs (19,20)
08/05/2024 Wednesday BCRW+P.st Qs (10,11,12)+5 Market Terms
Test#4
09/05/2024 Thursday B.law Qs (10,11,13)
10/05/2024 Friday EOP Qs (13,14,15,16)
11/05/2024 Saturday Cost+Advance CGS (2nd Half) + Final Accounts
13/05/2024 Monday Tax 4 Definition+1 Long Qs+ Income and Sales Tax
14/05/2024 Tuesday Audit Qs (17,18)
15/05/2024 Wednesday BCRW+P.st Qs (13,14,15)+5 Market Terms
Test#5
16/05/2024 Thursday B.law Qs (12,15)
17/05/2024 Friday EOP Qs (17,18,19,20)
18/05/2024 Saturday Cost+Advance Jounal Entries + Contract Account
20/05/2024 Monday Tax 4 Definition+1 Long Qs+ Income and Sales Tax
21/05/2024 Tuesday Audit Qs 16
22/05/2024 Wednesday BCRW+P.st Qs (16,17,18)+5 Market Terms
Test#6
23/05/2024 Thursday B.law Qs (14,16,17)
24/05/2024 Friday EOP Qs (21,22,23,24)
25/05/2024 Saturday Cost+Advance Material + Ratio Analysis
27/05/2024 Monday Tax 4 Definition+1 Long Qs+ Income and Sales Tax
28/05/2024 Tuesday Audit Qs 14
29/05/2024 Wednesday BCRW+P.st Short Question+5 Market Terms
Test#7
30/05/2024 Thursday B.law Qs (19,20)
31/05/2024 Friday EOP Qs (25,26,27)
01/06/2024 Saturday Cost+Advance CPR (Ist Half) + Hire Purchase + Chapter #1
03/06/2024 Monday Tax 3 Long Qs + Income And Sales Tax
04/06/2024 Tuesday Audit Qs (10,11,12)
05/06/2024 Wednesday BCRW+P.st Qs (21,22)
Test#8
06/06/2024 Thursday B.law Short Question
07/06/2024 Friday EOP Qs (28,29,30)
08/06/2024 Saturday Cost+Advance CPR (2nd Half) + Branch Account
 Important Questions:

LAW ( Important Exam Question) Audit ( Important Exam Question)

1. Essential of valid Contract 1) Object of audit
2. Kinds of contract 2) Advantage of audit
3. Offer its essential and revocation 3) Difference between audit and accounting
4. Acceptance and its essentials 4) Continues audit
5. Rules regarding consideration 5) Interim audit
6. Object and consideration become unlawful 6) Final audit
7. No consideration no contract 7) Audit program
8. Capacity of parties 8) Internal control
9. Coercion, undue influence, fraud and 9) Difference between internal and external
misrepresentation 10) Internal control over purchase, store
10. Discharge of contract 11) Internal control over sale, cash
11. Breach of contract 12) Legal provision appoint, qualification,
12. Contract of bailment disqualification, remuneration and
13. Agency is created and terminated removal of audit
14. Agent rights duties and liability 13) Right and duties of auditor
15. Sale of goods and essential 14) Auditors Liability
16. Unpaid seller 15) Auditor report, statutory and prospectus
17. Negotiable instrument 16) Special audit
18. Cheque and Types of crossing 17) Vouching and technique
19. Common and private carrier 18) Vouch the items
20. Railway as carrier 19) Verification and technique
21. NICR 20) Verify the items
22. Trade union 21) Auditor qualified and disqualified report
 EOP ( Important Exam Question) BCR ( Important Exam Question)
1. Developing countries its characteristics 1) Oral presentation
2. Difference between economic growth and 2) Points kept in mind while giving oral
development presentation
Economic development: 3) Listening
3. Obstacle in way of development 4) Speaking
4. Economic development and its 5) Ways of communication
measurement 6) Barriers of communication
5. Pre- requisite of economic development 7) Non verbal communication
6. A country is poor because she is poor 8) 7’ cs
7. Importance of capital formation 9) Process of preparing business message
8. Sources of capital formation 10) Components of communication
9. Causes of capital formation 11) Essential part of a letter
10. Role of technology in development 12) Inquiry letter
Agriculture Sector: 13) Order letter
11. Importance of agriculture sector 14) Acknowledgement letter
12. Farm mechanization 15) Execution letter
13. Corporative farming 16) Complaint letter
14. Agriculture marketing 17) Adjustment letter
15. Agriculture price policy 18) Collection letter
16. Agriculture credit 19) Sales letter
Industrial Sector: 20) Main parts of business report
17. Industry and its importance 21) Characteristic of business report
18. Industrial backwardness 22) Job application and CV
19. Measure adopt by Govt to promote
industry
20. Cottage and small scale industry
21. Problems in small scale industry
22. Causes of unemployment
23. Labor unrest in Pakistan
Other Topics:
24. Privatization policy of Govt
25. Steps to promote export
26. Balance of trade and BOP
27. Causes of adverse BOT and BOP
28. Importance of transport and
communication
29. Importance of Pak railway
30. Economic planning
 TAX Important Questions
1. Tax Credits
2. Types of Perquisites
3. Depreciation Allowance
4. Set off and carry off losses
5. Return and assessment
6. FBR
7. CIR & CCIR
8. Appeal to Appellate tribunal
9. Appeal to commissioner.
10. Allowable deductions IFP

Definitions Exemptions
1. Accumulated Profit 1. Agriculture Income
2. Appellate Tribunal 2. International agreement
3. Approved G.f 3. Gratuity
4. Approved S.F 4. Leave encashment
5. Assessment Year 5. Special allowance
6. AOP 6. By virtue of employment
7. Agriculture Income 7. Profit on debt
8. Business 8. Capital gain
9. Capital Asset 9. Transport business
10. Company 10. Transmission of line project
11. Depreciable Asset 11. Mobile phones
12. Dividend 12. Computer software
13. Income 13. Medical charges
14. Industrial Undertaking 14. Income of university
15. Liaison Office 15. Income of modarba
16. PSI 16. Income of certain institution
17. PE 17. Perquisites received by employer
18. Person+ Private and Public company 18. Income of fruit processing unit
19. Resident Company
20. Resident Individual
21. Resident AOP
22. Royalty
23. Small Company
24. Speculation Business
25. Stock In trade
26. Taxpayer and Tax Year
27. Principle Officer+ Non resident Person