ALIGARH COLLEGIATE. A c c o r d i n g t o t h e S y l l a b u s o f U n i v e r s i t y o f K a r a c h i

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1 ALIGARH COLLEGIATE CENTRE & BUILDING INSTITUTE PRE BOARD EXAMINATION 2017 A c c o r d i n g t o t h e S y l l a b u s o f U n i v e r s i t y o f K a r a c h i COST ACCOUNTING - B. COM II Max. Time: 3 Hours (Regular and Private) Max. Marks: 100 Note: Attempt FIVE questions in all. All questions carry equal marks. Q.1 MANUFACTURING CONCERN The balances in the perpetual inventory accounts of Sunnyvale Manufacturing Co. at the beginning and end of the current year are as follows: Inventory Accounts End of Year Beginning of Year Material Work in Process Finished goods inventory Rs. 25,800 8,000 24,000 Rs. 22,000 5,000 38,000 The total amounts debited and credited during the year to the accounts used in recording manufacturing activities are summarized below: Accounts Debit Entries Credit Entries Material Account Direct Labor (February Payroll) Manufacturing Overhead Work in Process Account Finished Goods Account Rs. 410, , ,600?? Rs.? 192, ,400?? INSTRUCTIONS i) Using this data, state or compute for the year the amounts of: a) Direct materials purchased 01 b) Direct materials used 02 c) Payments of direct labor payrolls 01 d) Direct labor cost assigned to production 01 e) The overhead application rate used during the year, assuming that overhead was applied as a percentage of direct labour costs. 01 f) Total manufacturing costs charged to the Work in Process Inventory account during the year. 02 g) The cost of finished goods manufactured 02 h) Cost of goods sold 01 i) The total amount to be classified as inventory in the year-end balance sheet. 01 j) Over or under applied FOH. 01 ii) Prepare a statements of the cost of goods sold. 07 Q.2(a) JOB DER COSTING The information below is taken from the job cost sheets of Gate Company: Job Number Manufacturing Manufacturing Costs as of June 30 Costs in July Rs. 4,200 3, ,250 Rs. 1,950 3,900 5,700 3,630 During July, jobs no 103 and 104 were completed, and jobs no. 101, 102 and 104 were delivered to customers. From this information, compute the following:

2 i) The work in process inventory at June ii) The finished goods inventory at June iii) The cost of finished goods manufactured during July 02 iv) The Cost of goods sold during July 02 v) The work in process inventory at July vi) The finished goods inventory at July vii) General Journal entries for: a) The cost of finished goods manufactured 01 b) Cost of good sold 01 c) Sale at 20% above cost 01 Q.2(b) For each of the following independent cases, fill the missing figures: 08 CASES a b c d Direct Material Inventory Dec 31 st ? Purchased 5 9? 8 Material Consumed 7? 7 3 Direct Material Inventory Jan 1 st 2016? Q.3 STANDARD COSTING a) The following data relates to Bin Kamal pharmaceuticals co. who have normal monthly capacity of production, the following data related for the month of Nov Standard Cost Material 75 Rs. Labor 960 hours cost Rs. 168,000 FOH Rs. 18,000 fixed cost and Rs. 10,000 variable cost. The following actual costs were incurred during Nov for units of production Actual Cost Material 5100 cost Rs. 367,200 Labor Rs. per hour FOH Rs. 9,200 variable cost. i) Compute for the month of Nov 2017: a) Material Quantity Variance and Material Price Variance. 04 b) Labor Efficiency Variance and Labor Wage Variance. 04 c) FOH Controllable Variance and Volume Variance. 04 ii) Give General Journal Entries to record Material, Labour and FOH and their Variances and to closed variance accounts by cost of goods sold account. 08 Q.4 PROCESS COSTING Piano a manufacturer that uses FIFO costing to account for costs of production. Piano manufactures a product that is produced in three separate departments: Molding, Assembling, and Finishing. The following information was obtained by the Assembling Department for June: Work in Process, June 1 2,000 units, composed of: Transferred in form the Molding Department Cost added by the Assembling Department: Direct materials Direct Labor Factor overhead Amount Rs. 32,000 20,000 7,200 5,500 Degree of Completion 100% 100% 60% 50% The following activity occurred during June: a) 10,000 units were transferred in from the Molding Department at a cost of Rs. 160,000. b) Rs. 150,000 of costs were added by the Assembling Department: direct materials, Rs. 96,000; direct labor, Rs.36,000; and factor overhead, Rs. 18,000.

3 c) At June 30, 4,000 units were still in work in process, with the following degrees of completion: direct materials, 90%; direct labor, 70%; and factory overhead. 35%. i) Prepare E.U.P Chart. 03 ii) Computer per Unit Cost. 02 iii) Cost of transferred out units to finishing department. 08 iv) Cost of W.I.P ending. 04 v) General Journal Entries to record: Cost of transferred out unit from Molding to Assembling department. 01 Cost charge in working process during the month. 01 Cost of transferred out unit from Assembling to Finishing department. 01 Q.5 MATERIAL LOSSES a) Asad Manufacturing Co. produces plastic bottles, a certain order cost upon completion were, material Rs. 3,000 and FOH Rs. 900 which was 60% of direct labor. After the completion of order it was revealed that a certain part of work is defective which was remedied by incurred additional material costing Rs. 1,000, labour Rs. 600 and FOH 20 % of prime cost. Give entries in General Journal under each of the following cases separately: i) When the cost of defective work charged to job. 06 ii) When the cost of defective work not directly charged to job. 06 b) Lilly Manufacturing Co. produces toys, a lot No. PK204 contained 5,000 baby dolls revealed the following cost: Material Rs. 150 per doll FOH Rs. 90 which was 75 % of direct labour cost When the lot was completed, the quality inspection rejected 20 % dolls as spoiled which was 60 % of original cost. Give Journal Entries if the spoiled is charged to all production. 08 Q.6 FACTY LEDGER AND GENERAL LEDGER Shahbaz Manufacturing Co. uses factory ledger and general ledger, the following transactions furnished for the month of Nov Balance b/d of W.I.P Rs. 27,500 and finished goods Rs. 20,000. Nov 01Purchased raw material for factory costing Rs. 300,000 which include direct material costing Rs. 200, Material issued to factory from stock room Rs. 100,000 including Rs. 40,000 for general factory use. 10 Factory payroll of Rs. 150,000 which shows Rs. 30,000 for indirect labour was made up by factory and sent to head office and then head office finalized the payroll after deducting 10 % income tax, 5% social security tax and 5 % provident fund, however head office also contribute equal amount of provident fund for factory employees. 15 Depreciation on factory machinery Rs. 50,000 and head office equipments Rs. 25,000. (Head office kept all record of factory assets itself) 18 FOH 60% of prime cost. 20 Sundry manufacturing overheads Rs. 22,500 was paid by head office. 25 Head office paid factory rent Rs. 25, Jobs were completed during the month up to 75 % of total work in progress and sold 10% above cost. Give entries in Head Office Books and Factory Books. 20

4 Q.7 DEPARTMENTALIZATION Zaid Manufacturing Co. uses four departments DYING, PRINTING, SUPERVISION and QC first two departments are key (production department) and the last two departments are service departments. Following actual cost were incurred during the year: Factory repair and maintenance Rs. 24,000 General workers salary 60,000 Provident fund 20,000 Electricity and power 36,000 Machine tools 12,000 Machine maintenance 16,000 Following information can be used to apportion cost to four departments: Particulars Dying Printing Supervision QC Square feet 800 1, No. of employees Horse power Machine cost 160, , ,000 Distribute Overheads to each department on the basis of suitable ratio. The cost of supervision department allocated to Dying, printing and QC by 50%, 30% and 20% respectively and cost of QC department allocated to Dying, printing and supervision by 20%, 30% and 50% respectively (Using algebraic method). 20 Q.8 Al Sajjad Manufacturing Company uses basic Raw Material during the month of operation, the material ledger card reflected the following: 2017 Jan. 01 Opening Balance 1,200 Rs Jan. 05 Received 1,300 Rs Jan 08 Returned to supplier Jan. 10 Issued 1,400 units Jan. 15 Received 1,600 Rs Jan 18 Returned from factory as defective Jan. 21 Received 1,500 Rs Jan. 25 Issued 1,000 units Jan. 30 Issued 1,100 units Inventories cost are as follows: Jan 1 st Jan 31 st W.I.P 3,750 2,525 Finished goods 2,500 3,000 Other cost for the month were; FOH applied Rs. 4,200 on the basis of Direct Labour 60%. Sales during the 25% above cost, selling and admin expense incurred during Jan Rs. 7,500 and actual FOH incurred during the month Rs. 4,500. i) Prepare Material Ledger Card under perpetual inventory system using FIFO Method. 06 ii) Prepare income statement for the month ended Jan 31 st iii) Setup Ledger Accounts for W.I.P and Finished goods. 04

5 ALIGARH COLLEGIATE CENTRE & BUILDING INSTITUTE PRE BOARD EXAMINATION 2017 A c c o r d i n g t o t h e S y l l a b u s o f U n i v e r s i t y o f K a r a c h i ADVANCE ACCOUNTING - B. COM II Time: 3 Hours (Regular and Private) Marks: 100 Note: Attempt FIVE questions in all. All questions carry equal marks. Q.1 The following trial balance furnished by M/s Shaz Ltd. for the year ended Dec. 31 st 2017, registered with authorized capital of Rs. 50,00,000 divided into ordinary shares of Rs. 10 each: PARTICULARS DEBIT CREDIT Cash Rs. 290,000 Rs. Account Receivable 100,000 Allowance for bad debt 1,000 Merchandise inventory ( ) 78,000 Advertising expense 160,000 Furniture 260,000 Allowance for depreciation (F) 9,000 Accounts payable 40,000 Motor vehicle 300,000 Allowance for depreciation (M.V) 30,000 Sales 700,000 Commission income 20,000 Gross purchases 300,000 Preliminary expense 10,000 10% debentures payable 100,000 Retained earnings 150,000 Shares capital (40, each) 570,000 Reserve for contingencies 80,000 Salaries expense 42,000 Transportation in 10,000 Sales return and allowance 20,000 Purchase return and allowance 14,000 Purchase discount 6,000 Supplies 20,000 Rent expense 130,000 Supplementary data for adjustment for the year ended Dec 31 st, 2017: i) 3/4 th Supplies consumed during the year. ii) Salaries expense for the year were Rs. 35,000. iii) Rent is unexpired up to Rs. 25,000. iv) Depreciation on 20 % and on motor 10 % on cost. v) Bad debts are 1.5 % on net credit sales. vi) Appropriate Rs. 25,000 for building extension. vii) Declared cash dividend Rs. 3 per share and stock 40 %. viii) Merchandise inventory was valued Rs. 35,000. a) Prepare multiple steps income statement. 08 b) Prepare statement of retained earnings. 04 c) Prepare balance Sheet. 08

6 Q.2 The accounting records of Shaheen Ltd. shows the following balances at the end of year 2016 and 2017: PARTICULARS Account Payable Rs. 30,000 Rs. 40,000 Unpaid Insurance 40,000 35,000 Unearned Commission 50,000 55,000 Long Term Loan 120, ,000 Shares Capital 550, ,000 Retained Earnings 184, ,000 Total Equities 974, ,000 Cash Rs. 150,000 Rs. 160,000 Account Receivable 25,000 35,000 Commission Receivable 12,000 10,000 Merchandise Inventory 85, ,000 Marketable Securities 67,000 60,000 Prepaid Salary 50,000 58,000 Equipments 650,000 3,00,000 Accumulated Depreciation (E) (65,000) (30,000) Total Assets 974, ,000 Income statement for the year ended Dec 31 st 2017: Sales Rs. 650,000 Less Cost of Goods Sold (500,000) Gross Profit 150,000 Less Operating Expenses (100,000) Operating Profit 50,000 Add commission Income 20,000 Less Loss on sale on Equipment (7,000) Net Profit 63,000 Additional Information: Dividend of Rs. 55,000 was declared and paid, the Equipment was sold during the year at Rs. 45,000, the accumulated depreciation on equipment was Rs. 5,000 and the book value of equipment was Rs. 30,000. Prepare cash flow statement either direct or indirect method for the year ended Dec 31 st Q.3 Presented below are data relating to financial statements of Al-Hadi Limited at the end of first year of its operation: Balance Sheet As on December 31, 2017 Cash Marketable securities Accounts receivable Merchandise inventory Plant assets Income Statement Data Sales revenue Cost of goods sold Operating expenses NOTE i) Market price per share is Rs. 18. ii) Cash sales for the year were Rs. 75,000 6,000 20,000 78,000 86, ,000 Allowance for bad debts Allowance for depreciation Accounts payable Outstanding salary Long term bank loan Share capital per Rs. 10 Retained earnings Rs. 3,000 50,000 68,000 15,000 70, , , , ,000 Rs. 1,200, , , Calculate the following rates, ratios etc. a) Quick ratio b) Current ratio c) Asset turn over d) Debt to equity ratio e) Accounts receivable turnover f) Inventory turnover g) Gross profit ratio h) Earning per share i) Price earning ratio j) Book value of each share

7 Q.4 ACCOUNTING OF BRANCH (a) Partial financial data from Shani Sales Co. with its Head office at Karachi and its Lahore Branch for 2017 as follows: Head Office Branch Sales Inventory merchandise Jan. 1 (at cost) (at billed) Purchases Shipments to Lahore Branch (at cost) Shipments from head office (at billed price) Inventory, December 31 (at cost) Inventory, December 31, (at billed price) Operating expenses The Head office bills the Branch for merchandise shipments as follows: - in 2016, 25% above cost. - in 2017, 20% above cost. Rs. 106,000 11,500 82,000 21,000 14,250 38,200 Rs ,450 25,200 Prepare Head office Income Statement showing on it the Branch net loss of Rs. 2,500 and the profit from over valuation for 2017, computations are necessary. 13 (b) Head office in Karachi shipped merchandise to its Pindi branch costing Rs. 80,000 billed at 25 % above Cost and Rs. 10,000 transportation charges, subsequently head office instructed Pindi branch to send this Shipment to Lahore branch, Pindi branch complied with instructions and paid transportation charges of Rs. 2,000 for sending the shipment to Lahore branch. If merchandise sent by head office directly to Lahore branch the normal transportation charges would be Rs. 8,000. Record the above transactions in the books of Karachi Head Office, Pindi branch and Lahore branch. 07 Q.5 COMPANY ACCOUNTING F ABSPTION The balance sheet data of Shariq Ltd. was as follows: Paid up Capital Rs. 1,000,000, Shares Premium Rs. 125,000, Retained Earning (Cr) Rs. 250,000, Reserves Rs. 125,000, Debenture Payable Rs. 250,000, Account Payable Rs. 150,000, Preliminary Expense Rs. 250,000. Shariq Ltd. was absorbed by Owais Ltd. on the following terms: i) All the Assets and Account Payable were taken over by Owais ltd at book values. ii) Shariq ltd. receives 100,000 shares of Rs. 10 each and cash payment of Rs. 150,000 for its share holders from Owais ltd. iii) Debentures holders were paid by Owais Ltd. 27,500 shares of Rs. 10 each. iv) Shariq Ltd. paid liquidation expense Rs. 10,000 a) Compute Purchase Consideration. 02 b) Give Entries in the books of Shariq Ltd. 18 Q.6 COMPANY ACCOUNTING F ISSUANCE OF SHARES AND DEBENTURES M/s Nissan Ltd. had registered with Rs. 10,00,000, divided into ord. shares of Rs. 10 each, on Oct 21 st, 2017 the Co. offered to the public for 45,000 ordinary shares of Rs. Rs. 15 each, on Oct 25 th the Co. bankers informed that 5,000 applications were under subscribed. On Oct 30 th the board of directors finalized the allotment of shares certificate to the public and the remaining under subscribed shares were taken over by under writer as per agreement along with 2% under writing commission. The Co. also performed the following transactions: i) Issued 7,200 ordinary shares of Rs 32.5 each. ii) Issued 90,250 ordinary shares of Rs. 10 each against purchase of a Suzuki car worth Rs. 857,375. iii) Purchased equipment worth Rs. 300,000 and issued necessary No. of ordinary shares of Rs. 10 each having 20 % discount. iv) Issued necessary No. of shares of Rs. 10 having 2 Rs. discount against debenture redemption. v) Received cash Rs. 12,60,000 against 12,000 bonds of Rs. 100 each, repayable after 5 years at Rs. 105 each vi) Reserve for contingencies increased up to Rs. 35,000 and reserve for sinking fund Rs. 20,000. Give entries in General Journal to record above transactions with full narration. 20 5,850

8 Q.7 COMPANY ACCOUNTING F CAPITAL REDUCTION AND RECONSTRUCTION The following is the Balance Sheet of Sabir Company Ltd. as on June 30, 2017: Authorized Capital 12,500 10% Pref. shares of Rs. 100 each. 120,000 ordinary shares of Rs. 10 each Issued and paidup Capital 4,000 10% Pref. shares of Rs. 100 each 30,000 ord. shares of Rs. 10 each Account payable Bank over draft 1,250,000 1,200,000 2,450, , ,000 20,000 5,000 Trade mark Building Machinery Accounts receivable Merchandise inventory Cash in hand Discount on shares Preliminary expense Profit and loss 392, ,000 25,000 40,000 20,000 12,500 8,000 5, , , ,000 The company suffered huge losses and was not getting on well. On July 1, 2017 The following scheme of internal reconstruction was agreed upon and implemented. i) The preference shares of Rs. 100/= be reduced to an equal number of fully paid shares of Rs. 45 each. ii) The ordinary shares of Rs. 10/= be reduced to an equal number of fully paid share of Rs. 3/= each. iii) The amount thus available be utilized to write off Rs. 17,000 off building, Rs. 16,000 off merchandise inventory, 20% off machinery and the balance available off trade mark. a) Entries in the general journal to give effect to the above scheme. 12 b) Revised Balance Sheet on July 1, Q.8 INSTALLMENT SALES Arham and Co. follows the perpetual inventory system and FIFO method for inventory valuation, closes its books twice in a year at June 30, and Dec. 31: Balance at January 01, 2017: Installment Accounts Receivable 2015 Deferred Gross profit 2015 Installment Accounts Receivable 2016 Deferred Gross Profit 2016 At June 30, 2017: Installment Sales made at 25% above cost during the 6 months period An Installment accounts Receivable 2015 canceled Repossessed merchandise was assigned a value of Installment Accounts Receivable 2015 Installment Accounts Receivable 2016 Installment Accounts Receivable 2017 Rs. Rs. 180,000 60, , ,000 10,80,000 12,000 6,000 72, , ,000 a) Compute Gross Profit Rates of the Installment Sales Originated in 2015 and b) Prepare a Statement showing collection of Installment accounts Receivable of 2015, 2016 and June 30, c) Give all necessary entries under installment method for recording transactions concerning Installment Sales including an adjustment entry for recording realized Gross Profit. 10 d) Record repossession without recognizing loss or gain. 02

9 ALIGARH COLLEGIATE CENTRE & BUILDING INSTITUTE PRE BOARD EXAMINATION 2017 A c c o r d i n g t o t h e S y l l a b u s o f U n i v e r s i t y o f K a r a c h i BANKING AND FINANCE - B. COM II Max. Time: 3 Hours (Regular and Private) Max. Marks: 100 Note: Attempt any FIVE questions in all. All questions carry equal marks. Q.1(a) Define a Bank. Briefly write about its origin. 10 Q.1(b) How would you classify the Bank on the basis of functions? 10 Q.1(a) Define Bank Account. What are the various kinds of Bank Account? 10 Q.1(b) Describe the procedure of Opening a Bank Account. 10 Q.2(a) Differentiate between Mudarbah and Musharika. 10 Q.2(b) What are the main mode/types of financing in Islamic Banking? 10 Q.2(a) Differentiate between Qarz-e-Hasana and Loans. 10 Q.2(b) What are the characteristics of Islamic Economic System? 10 Q.3(a) List out the functions of Commercial Bank and explain the Primary Functions in detail. 10 Q.3(b) What are the precautions considered by a commercial bank while lending its funds? 10 Q.3(a) Define Lien, Pledge and Hypothecation. Enumerate and discuss the various sources of bank Fund. 10 Q.3(b) Describe the Profitable and Non-Profitable uses of Bank Funds also differentiate between them. 10 Q.4(a) Differentiate between Scheduled Bank and Non Scheduled Bank. 10 Q.4(b)There are number of reasons behind controlling credit money in an economy of a country. Elucidate. 10 Q.4(a) Differentiate between Cash Reserve and Bank Reserve. 10 Q.4(b) What are the factors that determine the level of cash reserves that the bank must maintain. 10 Q.5(a) What do you mean by Mortgage? Explain the kinds of Mortgage. 10 Q.5(b) Discuss the various types of crossing of Cheque/Bill of Exchange. 10 Q.5(a) The bank has many reasons to reject the cheque. Explain those reasons. 10 Q.5(b) Explain the various kinds of Endorsement of Credit Instrument. 10 Q.6(a) Define consumer finance and what are the sources of consumer finance. 10 Q.6(b) Differentiate between Shares and Bonds. Also write the brief account on trade finance. 10 Q.6(a) Differentiate between Islamic Banking and Interest Free Banking. 10 Q.6(b) Write a short note on Impact of nationalization on Bank. 10 Q.7(a) Critically state about the role played by International Monetary Fund(IMF) in the situation faced by Pakistan. 10 Q.7(b) Name the various specialized Financial Institutions established in Pakistan. Briefly discuss any ONE of them. 10 Q.7(a) Define Working Capital and its sources. 10

10 Q.7(b) Mention working Capital equation. Explain the various factors which affect the size of working capital. 10 Q.8(a) Differentiate between Bill of Exchange and Cheque. 10 Q.8(b) Define Negotiable instrument under the negotiable instrument Act Name the various instrument. 10 Q.8(a) Explain Bill of Exchange and also mention the parties of Bill of Exchange. 10 Q.8(b) Explain the process of creation of credit with the help of examples. 10 Q.9 Write short notes on any TWO of the following: 20 i) Debit Card and Credit Card ii) Electronic Banking/Method of issuing note iii) History of State Bank of Pakistan and its role iv) Kinds of letter of credit v) Finance and its types vi) Types of Musharika/Advantages of leasing

11 ALIGARH COLLEGIATE CENTRE & BUILDING INSTITUTE PRE BOARD EXAMINATION 2017 According to the Syllabus of University of Karachi BUSINESS COMMUNICATION - B. COM II Max. Time: 3 Hours (Regular and Private) Max. Marks: 100 Note: Attempt any FIVE questions including Question No. 9 which is compulsory. Q.1 Define Business Communication. How does effective business communication pay off both within and outside an organization? 20 Q.2 Describe Business writing principles in detail. 20 Q.2(a) Explain the Process of Communication in detail. 10 Q.2(b) What are the barriers in Effective Communication? 10 Q.3 What are the legal aspects that must be considered in Business Communication? 20 Q.4 Explain the planning steps of communication in details. 20 Q.4(a) Explain various kinds of delivering Oral Communication. 08 Q.4(b) Describe Mass Communication along with its examples and advantages. 12 Q.5 Differentiate in between any FOUR of the following: 20 i) Sales Letter and Sales Promotion Letter ii) Oral and Written Communication iii) Letter and Memorandum iv) Print Media and Electronic Media v) Hearing and Listening vi) Informational and Analytical Report Q.6(a) Explain how bad news plan shall be applied in order to make your letter neutral for your customers. 08 Q.6(b) Alpha Corporation has recently received an inquiry from Delta Corporation about newly introduced laptop models by your company. On behalf of Alpha Corporation, write a suitable reply to inquiry. Assume necessary details. 12 Q.6(a) Name the components of an inter office Memorandum. 03 Q.6(b) The management of local cellular company is considering opening a new customer care franchise in Sharfabad. Before taking the final decision, the Regional Marketing Director of company has appointed you to prepare the feasibility of plan. Assuming necessary details, write a memorandum report to be submitted to the marketing director of the company in this regard. 17 Q.7(a) Explain different kinds of leadership in detail. 12 Q.7(b) Discuss briefly positive and negative attitudes of an interviewer. 08 Q.7(a) Explain the procedure during problem solving meeting. 10 Q.7(b) What are the reasons of poor listening? 10 Q.8(a) Assuming necessary details, prepare a good worked order letter for purchase of at least five different fabric cutter machines to be installed in your factory premises. 10 Q.8(b) A reputable NGO requires an Assistant Accountant. You are required to apply with a C.V and job letter. Assume necessary details. 10 Q.9(a) What is market report? Explain its functions. 06 Q.9(b) Explain Ready Market and Foreign Exchange Market. 04 Q.9(c) Explain any FIVE terms: 10 i) Hedge ii) Break Even iii) Glut iv) Bull v) Fizzle Out vi) Easy vii) Budlah viii) Spade ix) Blue Chips x) Wall Street xi) Cash List xii) Rigging Q.10 Write a short note on any TWO of the following: 20 i) Job Advertisement ii) Speculation and Gambling iii) Guidelines for Effective Business Dictation iv) Circular Letter and its uses v) Merits of applying Social Media in Business vi) Public Speaking

12 ALIGARH COLLEGIATE CENTRE & BUILDING INSTITUTE PRE BOARD EXAMINATION 2017 A c c o r d i n g t o t h e S y l l a b u s o f U n i v e r s i t y o f K a r a c h i BUSINESS AND INDUSTRIAL LAW - B. COM II Max. Time: 3 Hours (Regular and Private) Max. Marks: 100 Instructions: Attempt any FOUR questions from Section A and TWO from Section B. SECTION A (COMMERCIAL LAW) Q.1(a) Define the term Contract. Describe the essentials of a Valid Contract. 10 Q.1(b) Explain the various ways in which a Contract may be terminated. 07 Q.2(a) Distinguish between Pledge and Bailment. 06 Q.2(b) Explain the rights and duties of Bailer. 10 Q.3(a) What are the rules for discharge of Surety? 10 Q.3(b) Write a short note on Contract of Indemnity. 06 Q.4(a) How an Agency can be created? 09 Q.4(b) What are the rights and duties of unpaid seller? 08 Q.5(a) Define Price. How price is determined under Sales of Goods Act? 10 Q.5(b) What are the rights of Unpaid Seller against the goods? 07 Q.6(a) Explain the rights and duties of a Partner. 10 Q.6(b) Discuss how a partnership firm can be dissolved? 07 Q.7 Write a short note on any THREE of the following: 15 i) Charter Party ii) Common Carrier iii) Kinds of Mortgage iv) Quasi Contract v) Holder in due course vi) Kinds of Endorsements vii) Kinds of goods SECTION B (INDUSTRIAL LAW) Q.8 What are the provisions related to Safety of Workers under the Factories Act 1934? 17 What are the Provisions related to employment of Women and Children. Q.9 Define Disablement. Explain its classification. 17 When an employer is liable and when not liable under Workman Compensation Act? Q.10 Write a short note on any THREE of the following: 15 i) Collective Bargaining Agent ii) Strike and Lock Out iii) Unfair Labor Practices by Workmen iv) Accident v) Occupational Diseases vi) Unfavour labour practices by employer

13 ALIGARH COLLEGIATE CENTRE & BUILDING INSTITUTE PRE BOARD EXAMINATION 2017 A c c o r d i n g t o t h e S y l l a b u s o f U n i v e r s i t y o f K a r a c h i ECONOMIC DEVELOPMENT OF PAKISTAN - B. COM II Max. Time: 3 Hours (Regular and Private) Max. Marks: 100 Note: Attempt any FIVE questions. All question carry equal marks. Q.1(a) Differentiate between Economic Development and Economic Growth. Also write meaning and element of Economic growth. 10 Q.1(b) Highlight the factors responsible for the Economic development of Pakistan. Q.1(a) Development is a multidimensional process involving changes in structure, institutions and attitudes as well as acceleration of economic growth, reduction of inequality and the eradiction of absolute poverty. According to this statement what measure should be taken for the development of country? 10 Q.1(b) Discuss the main characteristics of a developing economy with reference to Pakistan. Q.2(a) Explain Natural and Human resources. Investing in Human Resource is like investing in best utilization of Economic resources. Elaborate. 10 Q.2(b) Un-employment is an important problem of Pakistan. Discuss its reasons and remedies. 10 Q.2(a) What are the main sources of capital Formation in Pakistan? Suggest measure to promote capital formation. 10 Q.2(b) What do you understand by poverty and what strategy has been implemented by the government to eliminate poverty in Pakistan? 10 Q.3(a) Discuss the salient feature of population in Pakistan? How rapidly growing population affect the economy of Pakistan? Discuss. 10 Q.3(b) The growing population of Pakistan is an asset for achieving the economic Prosperity. Discuss. 10 Q.4(a) Proper roads, flyovers and motorways have an extra ordinary importance in enhancing the overall economic activities. Elaborate. Q.4(b) Power shortages are great hindrance in Industrial Progress To overcome the acute shortage of power in our country, we must build new Dams for the generation of cheap electricity. Discuss. 10 Q.4 Examine the role of Foreign Investment in the Industrial Development of Pakistan and suggest measure to invite foreign investment in Pakistan. 20 Q.5(a) Agriculture is the backbone of Pakistan s economy. Discuss. 10 Q.5(b) Defective Agricultural Marketing is the main cause in low productivity rate in Pakistan. Discuss. 10 Q.5(a) The imposition of Tax on agriculture income will boost up the economic development of Pakistan. Comment. 10 Q.5 (b) Discuss the role of mechanization in the Agricultural development of Pakistan. 10 Q.6(a) China-Pakistan Economic corridor (CPEC) is a great initiative for Pakistan. Argue. 10

14 Q.6(b) About 70% of population of Pakistan depends on Road transport. In the light of this statement, describe the measure adopted by the government to promote road Transport in Pakistan. 10 Q.6(a) Is agriculture Sector in Pakistan backward? Give argument. 10 Q.6(b) Highlight the role of Public Sector in the Industrial Development of Pakistan. 10 Q.7(a) Explain the role of Cottage idustries Industries in an Agrarian economy. What steps the Government of Pakistan has been taken to promote these industries? 10 Q.7(b) Explain the importance of Industries in Pakistan and critically examine the performance of Public Sector Industries in Pakistan. 10 Q.8(a) How does foreign investment differ from Foreign Aid? What are the cost and benefits of Foreign Economic assistance. 10 Q.8(b) To keep the economic development of Pakistan in the right direction and on the right track of progress, we must depend on Bilaterial trade with foreign countries instead of foreign Aid with strings. Discuss. 10 Q.8(a) What is the difference between import substitution policies and export promotion policies and which policy is more suitable for the economy of Pakistan. 10 Q.8(b) Define the concept of economic planning. Mention and elaborate the factors which are responsible for effective planning in Pakistan. 10 Q.8(b) Explain the importance of Exports in developing economy and suggest measure to enhance export earning in Pakistan. Also explain current position of Pakistan s (BOP). 10 Q.9(a) Describe the role of International Monetary Fund in the Economic Development of Pakistan. Also mention Cost and benefit of (IMF) loans. 10 Q.9(b) Identify the problem of Pakistan Railway and suggest remedial measure. 10 Q.9(a) Discuss the main objectives of Monetary policy of Pakistan and explain in detail the control of Inflation through the use of tools of Monetary Policy. 10 Q.9(b) Define Budget, Sources of Revenue Budget. How the budget deficit can be removed? 10 Q.9(a) Name the various internal and external source of Industrial Finance in Pakistan Identify which source plays a vital role in the economic development of Pakistan. 10 Q.9(b) Do you agree with a view that small and medium scale enterprises can play a key role in reducing poverty and unemployment in a country like Pakistan? Comment. 10 Q.10 Write notes on any TWO of the following: 20 i) Problem of Small Scale Industries ii) Problems of Capital Formation iii) WTO iv) Deficit Financing v) Role of State bank of Pakistan and Heads of Income and Expenditure of Government of Pakistan vi) Export Processing Zone vii) Major Exports of Pakistan viii) Privatization Policy of Pakistan

15 ALIGARH COLLEGIATE CENTRE & BUILDING INSTITUTE PRE BOARD EXAMINATION 2017 According to the Syllabus of University of Karachi PRINCIPLE OF MANAGEMENT - B. COM II Time: 3 Hours (Regular and Private) Marks: 100 Note: Attempt any FIVE questions in all. All question carry equal marks. Q.1(a) Define Management. Explain any two functions of a manager in detail. 10 Q.1(b) Discuss the qualities of effective manager identified by Henry Fayol. 10 Q.1 Describe fourteen principles of Management by Henry Fayol. 20 Q.2(a) Define Planning. Explain the steps involved in it. 15 Q.2(b) Explain the terms Procedures and Rules. 05 Q.3(a) Define Organizing and Organization. Name the basic elements of Organizing. 08 Q.3(b) Describe Span of Organization. Explain any four factors necessary for effective span of organization. 12 Q.3(a) Define Coordination. Explain why coordination is important in the success of any business. 10 Q.3(b) Explain Centralization and Decentralization in detail. 10 Q.4(a) Define Decision Making. Explain steps taken for analyzing the problem. 15 Q.4(b) Differentiate between American and Japanese Decision Making. 05 Q.4 Explain the guiding principles of effective Decision Making. 20 Q.5(a) Define Controlling and discuss its process. 10 Q.5(b) Define Authority. Discuss different types of authority. 10 Q.5(a) Explain the characteristics of Effective Controlling System in detail. 10 Q.5(b) Describe Delegation of Authority in detail. 10 Q.6 Describe in detail the process of determining the necessary staff for the organization. 20 Q.6 Explain Orientation and Training. Discuss Various Methods of training. 20 Q.7(a) Define Motivation. Explain the Humanistic needs theory of human behavior as given by Abraham Maslow. 12 Q.7(b) Explain the two factors theory given by Fredrick Herzberg. 08 Q.8(a) Define Group and Group Decision Making. Explain ranking within a group. 08 Q.8(b) How groups are formed and grow? 12 Q.9(a) Define Leadership. Describe Charismatic Leadership. 06 Q.9(b) Explain Internal and External Communication. 14 Q.9(a) Explain the different theories of Leadership. 17 Q.9(b) List the various types of Communication Barriers. 03 Q.10 Write a short notes on any TWO of the following: 20 i) Hawthorne Effect ii) Theory X and Theory Y iii) Types of Budgets iv) Management Audit v) Premises and its kinds vi) Formal and Informal Organization vii) Difference in Delphi and Nominal Group Technique

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