ADAMJEE COACHING CENTRE Preparation Paper 2014-2015 Accounting ~ XT SECTION 'B' (Short — Answer Questions) General Journal: Q.1. The following are the selected transactions relate to Mr. SMAK September 1 Mr. SMAK corimenced business with Cash Rs. $00,000 September 5 Purchased sales supplies Rs. 20,000 for Cash. September 10 Purchased two machines @ Rs. 30,000 each en credit from Sarin Enterprises, September 12 deposited a cheque into benk Rs, 30,000, September 13 Sold Merchandise Rs, 50,000 received a cheque of Rs. 20,000 and Cash Rs, 30,000. September 15 Bank granted overdraft limit of Rs. $0,000. September 18 Establish Petty Cash fund of Rs, $000 by cheque. September 22 Goods given as free sample Rs. 5,000. September 30 Cash was found short by Rs. 200. REQUIRED. Record the above transaction in standard from of general journal. Q.2. The following.are the selected events of Kamran Traders! august 1 invested eash 4, 00,000 office furniture Rs. $0,000, and photostate machine Rs. 80,000 and a computer Rs, 70,000 in the business. ‘August Purchased merchandise from ShamaiL& Sons on credit Rs, $0,000 Trade discount 2% quantity discount $% and credit term (2% / 15, m/60). August $ sold merchandise and received a bill of exchange Rs. 100,000. ‘August 1 paid acheque to Shamail & Sons after two weeks of purchase for full settlement of their account, ‘August 15 the business reeefived dn athount of Rs. 8,000 on bills receivable. ‘August 20. Paid by cheque advanice salaries to employees Rs. 100,000. August 22 Goods lostby unloading Rs. 2,000, August 25 received aichegue for commission in advance Rs. 50,000. ‘August 31 Bank deducted cheque book charges Rs. 200. REQUIRED: Record the above transaction in General Journal. Q.3. The following selected transactions of Mr. A. K (Amir Kamran), sade 8 9 10 REQUIRED: Record the above transneti Purchase @ gift for owner relative Rs. 20,000 from business. Purchascd office equipment worth Rs, 300,000, Rs. 100,000 was paid by cash and paid by ower personal bank account, allowed by a supplier on defective goods Rs, 2,000 Rebate is allowed to a customer on defective goods Rs, 1,000 Goods were lost by expiry date Rs, 10,000. “Merchandise was aver by Rs. 200 Paid to a T.¥ channel for advertisement to be shown in next two months Rs, 200,000 by cheque. Paid Octro, custom duty, import duty Rs, 1,000, Rs, 5,000 and Rs. 8,000 respectively on merchandise, paid regular tea, coffee and lunch expenses of employees Rs. 30,000 The business took loan from HIBL Rs. 300,000. in General Journal Da practice from wast naners (2013 (P). 2011 (Re) (P} and 2007)GENERAL LEDGER, Ql ‘The following transactions were compleied by Khuda Yar during the financial year January to December 31, 2013. i. Commenced business with cash Rs. 10,000 fi, Purchased merchandise onaccount Rs. 2,500 Returned merchandise to supplier Rs. 250. Sold merchandise on account Rs. 5,000 Customers returned merchandise Rs. 100. vi, Received cash from customers om account RS. 2,000, vii, Paid ereditors om aecount Rs. 1,200 viii, Paid for salaries expense Rs. 500. ix, Paid for shop rent expense Rs. 150. X.__ Purchased sales equipment for cash Rs, 700. REQUIRED: fa) Setup necessary T-accounts in general ledger and post the transaction directly into the account affected completing the double entry in each case, (&) Foot the accounts and enter the balanee in appropriate columns fe) Prepare apre-closing trial balance as of M January M1, 2014, Q2, On July 1, 2014 Qazi started hhis business independently with an investment of Rs. 25,000 cash and office equipment worth Rs. 10,000, He completed the following transactions during the month ly 1: Purchased merchandise on account from Ahmed for Rs. 10,000 and paid for carringe thereon Rs, 300 cash, July 5: Returned merchandise to Ahmed RS, $00. July 7: Sold merchandise on account to Hameed Rs. 5,000. July 10: Cash purchases Rs, 3,000, July 15: Hameed returned merchandise worth Rs, 200, July 18: Qazi withdrew cash for his personal use Rs, 300, July 21 Paid for salaries expense Rs. 800. July 24: for advange rem RS. 400. July 28: Paid to Alumiedon accounts Rs, 4,000, July 31: Received from Hameed on account Rs. 3,000 REQUIRED: fa) Setup necessary T-aceounts in general ledger of Qazi and post the above transactions directly into the secounts affected completing the double entry in each case (b) Foot the accounts. and enter the balance in appropriate columns. (e) Test the acewrie y of your posting by taking out Trial Balance on July 31, 2014 having a complete fitle and column heading Do practice from past papers (2014 (P), 2013 (R} (P}, 2012 (P), 2011 (P) and 1998, 1996)CASH BOOK (THREE COLUMNS) Ql. On July, 2014 Yousuf had cash on hand Rs, $,000 cash in bank Rs. 3,000. During the month he ‘completed the following transactions: July 3 Deposited cash into Bank Rs. 1,000 July 8 Paid wages expense in Cash Rs, 200 uly 10: Cash sales Rs. 1,200 July 12: Cash purchases Rs. 1,500 July 15: Received a cheque for Rs. 2,000 from Mr. Qadeer deposited into the same into Bank the same day. July 20: Received eash Rs. 270 from Mr. Alcem in full settlement of his account of Rs. 300 July 25: Issued a cheque in favor of MR, Akhtar for Rs, $00 in full settlement of his account of Rs. 520. July 27: ‘Yousuf withdrew from Bank Rs. 200 for his personal use and Rs. 300 for office use, July 30: Received a cheque from Mr. Karim for Rs. 300, REQUIRED: (a) Enter the opening balances and record the above transactions in a three-eolurin Cash Book, (b) Balance Cash Book on July 31, 20114 bringing down Cash and Bank balance on August L, 2014, Q.2, On October 1, 2014 Khokhar had eash on hand Rs, $00 aud @ash jn bank Rs. 3,000, During the month, he completed the following transactions Received a cheque from Mohsin for Rs, 115 in a full setlement of his account of Rs. 125 Deposited the above cheque in the bank: Issued a cheque for Rs. 220,t0 Hadi in full settlement of his sceount of Rs. 225. Sold merchandise for cash Rs. 1,000. Withdrew from bank far offiee use Rs, 400, Deposited cash in bank Rs, 500 Paid insurance premium by cheque Rs. S00. Paid for Rent expense in cash Rs. 200. Withdrew from bank for persomal use Rs. 100. (@) Enter the opening balances ahd record the above transactions in a three-column Cash Book. (b) Balance Cash Book ow October 31, 2014 bringing down Cash and Bank balanee on November | Q.3. Mr. Akblsq)s sole ifader uses a three column cash book for his business. On June 1, 2014 he had ‘cash onthand Rx. 2,500 and cash in bank Rs. 3,500. During the month he completed the following transactions: dune 6: Received a cheque from PARSA Ca, for Rs. 240 and allowed them discount Rs. 10. Fame 11 Deposited PARSA Co."s cheque in the bank Rs, 240. Jume 15 Issued a cheque for Rs, 250 to Emandar Co. in fall setilerment of their account of Res. 300. June 22: Deposited cash into bank Rs. 1,000. June 27: Withdrew from bank for personal use Rs. 300. June 30: Withdrew cash from bank for office use Rs. $00, REQUIRED: (a) Enter the opening balances and record the above transactions in a three-columa Cash Book. (b) Balance Cash Book on June 30, 2014 bringing down Cash and Bank balance on July 1, 2014, Do practice from past papersPETTY CASH BOOK Qu. Sajid & Co. established a Petty Cash fimd on imprest system by issuing cheque for Rs, 200 on September 1, 2014, The following payments were made from the fund during September. September 1 Paid for gum, papers, etc. Rs. 20.50 September 2: Paid for Cartage Rs. 10.50 September 3 Paid advance to Chowkidar Rs. 20.50 September 4: Paid for Camel Cart Rs, 20.50 September 5: Paid for Telegram Rs. 10.50 September 7: Paid for registered parcel Rs. 12.50 September 9: Paid for rickshaw fare Rs. 850 September 12: VPP received Rs, 10.50 September 14: Paid for electricity bill Rs. 20.50 September 1 Paid for Pan, Tea, and Cigarettes Rs. 1.50 September 22: Paid for Taxi Fare Rs, 10.50 September 24: Paid for Carriage Rs. 6.50 September 26: Paid for papers Rs. 9.50 September 28: Paid for postage stamps Re 3. September 30; Paid for pan, tea, cigarettes Rs. 8.50 REQUIRED: (a) Record the above transaction in the Petty Cash Book haviiig special columns for @ Stationary Gi) Postage & Telegram (ji) “Cartage Gi) Entertainment (7) Conveyance iyi) Sundnies (by Balance the Petty Cash-Book on September 30, 2014 and enter the amount reimbursed on Getober |, 2014, Q2. — Warir & Co. established a Petty Cash Fuad with an imprest of Rs. 2,000 on May 1, 201 payment made on various items during the month totaled R s. 1,700 on June 1, 2014 the amount ‘was reimbursed. REQUIRED: Given entries in General Journal: For the establishment of the find on May 1, 2014. ForPayments made out of the petry cash and (iii) Forreplenishment of ube sumdlon June 1, 2014 (Give explanation below each entry). Do practice from past papers (2014 (R), 2006, 2002 and 1998) SPECIAL JOURNALS: O.1, The following transactions were completed by Mr. Rahim during May. May: Purchased merchandise on aocount from Mr, Rizvi for Rs. 700, subject to trade discount @ 10%, May 9: Purchased merchandise on account from Mr. Idrees for Rs. 1,250. May 15: Retumed defective merchandise to Mr. Rizvi woth Rs. 130 May 21: Purehased merehandise en account from Mr, Naseem for Rs. 900 on credit terms 2/10, n/30, May 2; Returmed inferior merchandise to Mr. Naseem worth Rs, 120, REQUIRED. (a) Enter the above transactions in the Purchase Journal (Paye No. 7) and Purchase Retums and ‘Allowances Journal (Page No. 3) (b) Post them to each supplier's aecount separately in the aceounts Payable Subsidiary ledger, giving posting reference. (Use Self-Balancing form of accounts). {e} Prepare a Schedule of Accounts Payable from the subsidiary ledgerQ2. REQUIRED: Enter the above transact @ (b) © ‘The following wansactions were completed by Mr, Akram during. June, Sold merchandise on account to Mr, Tariq for Rs, 200. Sold merchandise oa account t@ Mr. Ateq for Rs. 400 Mr. Tariq, returned merchandise worth Rs. 25. Sold merchandise on account 1a Mr, Bager Rs, S00, Granted an allowance of Rs, $0 for defective goods to Mr. Ateeq. n the Sales Journal (Page No. 23) and Sales Returns & Allowance Journal (Page No. 5). Post them to cach customer's account separately in the Accounts Receivable Subsidiary Ledger giving posting Reference. (Use Self- Balancing form of Accounts). Prepare aschedule of Accownts Receivable from the subsidiary ledger ‘Do practice from past papers BANK RECONCILIATION STATEMENT: A comparison of the cash book (bank column) and the bank statement of Khokhar & Co, for the ‘month of June 2014 revealed the following: Qu iy) o REQUIRED: @ i Q2. aw i ™ (wi) (vii) REQUIRED: @ aw Bank balance as per cash book on June 30 was Rs, 10,570. Balance as per bank statement on June 30 was Rs. 4,)15- June 26 and June 29 cheque deposits Its.'$,000 and 4.000 respectively, were not shown on, bank statement, Cheque issued on June 25 and June 26 respectively in favor of Hamid Rs. 1,000 and Nasir Rs, 1,500 were not presented for payment up to June 30. Bani has given a credit for Rs, 50 in tespect of interest, but the same was not recorded in cash book Bank has made a collection charge‘of Rs. 5 which was not recorded in eash book. Prepare a Bank Reconciliation statement as of June 30, 2014. (Compute the carrected cash book balance as of June 30, 2014. A study of Cash Book (bank columns) and the bank statement of Sabir & Co. far the month of July 31, 2014 revealed the following; Bank Balance ae per Cash Book on July 31 was Rs. 13,665.47. Balance as per Bank Staicment on July 31, was Rs, 15,175.82 July 31 deposited not shown on Bank Statement Rs, 1,615.20. ‘Choquies issved but not presented for payment as on July 31 ‘Cheque No, 291 36143 ‘Cheque No. 293 89.67 ‘Cheque No. 297 1461.85 ‘The bank collected a bill of exchange sent to it for collection Rs. 1,000. (Collection not yet received by the firs) ‘The bank made a collection charge of Rs, 2.40. ‘The bank credited the firm's account for interest s. 15. Prepare a Bank Reconciliation statement showing correction of Cash at bank as on Fuly 31, 2014, Prepare necessary adjusting entries in journal,Q3, ‘A comparison of the cash book (bink column) of A, Kamran and the bank statement far the month of March 31, 2014 revealed the following: Bank Balance as per Cash Book on March 31 was Rs, 3,000, Balance as per Bank Statement March 31, was Rs. 3,700, (iil) Cheque deposited but not cleared Rs. 400, iv) Cheque issved but ito! presented far payment Rs. 200. () Bank charges not recorded in the Cash Book Rs. 200, (vi) Direct deposited by a customer not recorded in the Cash Book Rs. 700, (vii) Rent eredived by bank but not recorded in the Cash Book Rs, 400. REQUIRED: fa) Prepare a Bank Reconciliation Statement as of March 31, 2014. (o) Prepare necessary adjusting entries in the General Joumal of A. Kamran, Do practice from past papers (CORRECTION OF ERRORS QO. General Journal entries t correct cach of the following errors; (Depreciation expense on building was over charged by Rs. 400 through the Allowance for Depreciation account, Accruod commission income amounting to R3, 55 was overlooked. ‘Accaah sale for Rs. 500 was recorded and posted as eash purchase. Purchase of supplies for Rs. 325 cash was recored and posted as Rs. 352. Fumiture for Rs. 500 was purchased on aceount, The Journal eniry was prepared and posted Rs. $,000, Q2. Give entries, in General Journal to. comecteach of the following errors before closing the books. 43) Retirn of detective goods bya eustomer amounting to Rs. 1,000 was charged to sales, (i) Purchase of an Office Equipment for Rs. 10,000 was recorded and posted as Rs. 1,000, (Git) An amount of Rs, 600-cash spent on repairs of Office Equipment was debited to Office ‘Equipment account, iv) Sale of farmiture for Rs. 2,000 cash was recorded and posted to sales aceount Q3. Prepare entries in General Journal to correct each of the fallowing errors, discovered befire slosing the books, (i) Defective goods returned by a customer for Rs. 2,000 were charged to Sales. (ii) Purchase of Equipment on account for Rs. 6,000 was recoded and posted as Rs. 600. ii), Repairs of Office Equipment Rs. S00 were debited to Office Equipment account, G8) _ Sale of Equipment for Rs. 3,000 cash was credited to Sales account. Do practice fram past papersSECTION 'C" (Detailed — Answer Questions} ADJUSTING, ADJUSTED TRIAL BALANCE, CLOSING & REVERSING ENTRIES QL The following is the pro-clesing Trial Balance of Magsood & Co. Prepared an December 31, 2013. Debit Balances Credit Balances Cash 700 Allowance foe Depreciation Office Supplies 200 Fumisare 250 Prepaid Advertising 2,000 Magsood Capital 3,000 Furniture 5,000 Commission income 6,650 Salaries Expense 1,000 Rent Expense 1,000 9.900 Total 9.900 Outstanding salaries Rs, 300. Actual rent expense forthe yeur Rs. 800 S. Commission Received but not yet earned Rs. 400. & Commission camed bt nt yet reseved Rs 100, Current year depreciation om furniture Re, 750, Requmten: fa) th) te) @ Q2 Adjusting Jounal entries on December 31,2013. Adjusted Trial Balance oa December 31, 2013. Reversing entries in General Jounal on January 1, 2014, Also prepare adjusted trial balance Following ith Pre-Closing Trial Balane of Kanan 2 prepared on December 31,2013. Debit Balances Cash 10,000 Sales 75,000 Merchandise Inventory (11.2013) 8000 Purchases Returns 300 Office Equipment 30,000 Kamran Capital 60,000 Purchases 52,000 Allowance for Dep. Office 2,500 Equipment Salaries Expense 5,500 Accounts Payable 17,000 Rent Expense 5,000 Office Supplies $00 Insurance Prepaid 1,200 Agcounts Receivable 20,000 Sales Returns 500 Furniture 17300 Kamran Drawings. 3,000 Total 135,500 Total 155,500 Data for Adjustment on December 31,2013, 1. Merchandise Inventory was valued at Rs. 10,000 4. Office Supplies unused Rs. 200. 3. Insuranee expired Rs. 800, 6 __Deprecistion on Office Equipment was estimated at Rs, 2,500, REQUIRI Prepare Adjusting Entries in General Jounal on December 31, 2013. Also prepare adjusted trial balance.Q3. Following are the accounts balances of Ahmed Stores ax of December 31, 2011 Caste Ra 40,000 | Uncamed Commission | Ra. 3,500 | Unity Eapease Te 25500] ‘Accounis Receivable | Re. 0,500 Bs. vertising Expense | Rs. 34,000] Prepaid Insurance |W. 6,000 Rs. 12,000 | Salaries Expense | Rs 40,000 | Inventory 1.12011 | Rs. 42,000 Rs. 242,000 | Rent Expense Rs 45,000 | Office Equipment | Rs. 30,000 Rs. 3,000" | ‘Account Payable | Rs. 40,000 Bs, 120,000) | Noes Payable Re 30,000 Rs. 8,000, Data for Adjustment at December 31, 2011. 1, Merchandise Inventory (31.12.2011) Rs, 60,000, 2, Bad Debts Expense @ 5% of Net Sales, 3. Insurance is prepaid up to Extent of Rs. 1,500. 4, Uneamed Commission Rs. 1,000. 5, Goods costing Rs. 1.000 were taken by Mr. Ishaque for Private use was overlooked REQUIRE! (a) Prepare Adjusting Entries in General Journal, (b) Record Closing & Opening Entries in General Joumall on Deceefber 31/2011. (©) Prepare Income Do practice from past papers FINANCIAL STATEMENT: QL. The following balances were extracted from the ledger of Mr. Chindio Amin on December 31, 2013 before closing the Books: ittement and Classified Balance Sheet for the year 2011 {dl Prepare Cost of Goods Sold Account and Expense & Revenue Summary Account. Cash ‘Accounts Receival 7105] ‘Merchandise Inventory (1.1.13) Prepaid Insurance —_ 150] Office Equipment Sales Retum & Allowance 20, Purchases ‘Cariage-in_ ‘Shop Rent expense ‘Purchase Discount mn 230 | ‘Accounts Payable 700 | Chandio Capital 1,500) Supplementary data for Adjustment on December 31, 2013 (i) Shop Rent unexpired Rs. 150, (ii) © Commission uneamed Rs. 50. (iil) Prepaid salary Rs. 130, (iv) Accrued salary amounted to Rs. 150. (x) Insurance was prepaid to the extent of Rs, 30. (i) Allowance for Bad Debts was estimated at RS, $0 REQUIRED: Allowance for Depreciation on Office Equipment was estimated at Rs. 20. Merchandise inventory on December 31, 2013 Rs. 750. (a) Prepare Income Statement for the year eniied December 31, 2013. (b) Prepare balance sheet as an December 31, 2013.Q2. The following balances have been taken from the Pre-closing, Trial Balmnce of Tarig and Co, prepared on December 31, 2013. Debit Balances ‘Credit Balances [Cast 5,000 | Sales Revenue 10,000 | Accoum Receivable 20,000 | Purchase Discount 800 | Sales Equipment 10,006 | Commission Income 2,500 | Advertising expenses 3.000 | Accounts Payable 5,500 | Prepaid Office Rent 6,000 | Capitat Tariq 39,800 Miscellaneous Expense 2,000 Office Supplies Expense 1,000 Delivery Expense 300 | Merchandise Inventory (11.2013) 7.000 | Purchases 25.000 Carriage in 200 Sales Return and Allowances 600 | Salaries Expense 8,000 | Allowance for Bad Debis 300 Supplementary data for Adjustments on Decersber 31, 2013. 1. Prepaid Office Rent Rs. 2,000, 2. Office Supplies unused Rs, 300. 3, Allowance for Bad Debts was to be raised to Rs. 1,000, 4, Salaries outstanding for the year Rs. 10,000. 5. Make Allowance for Depreciation on Sales Equipment for Rs. 1,200, 6 Commission uneamed Rs. $00, 7. Merchandise Inventory was valued on December 31 for Rs. 6,000 REQUIRED: (a) Prepare Income Statement for the yeatended December 31, 2013. (b) Prepare balance sheet as on Décémber 31, 2013 Q.3. The following balances have been taken from the PresClosing Trial Balance of Rahim and Co, prepated on 30 June 2014. _Debit Balances __ ——____Crvdiit Balances_ ao ‘Accounts Payable 7500 Account Receivable Sales Revenue 65.500 Furniture Purchase Retums & Allowances 2,000 Office Equipment Rahim Capital 24,000 Merchandise Inventory (1.7.2013) Purchases Carriage:in Office Supplies Expense Sales Discount Allowance for Bad Debts Rahim Drawing Rent Expenses Prepaid Insurance Salaries Expenses‘Supplementary Data for Adjustments on June 30, 2014- 1. Merchandise Inventory was valued on 30.06.2014 at Rs. 3,000, 2. Make allowance for Depreciation on Furniture at Fis, 2,400 and on Office Equipment at Rs. 800. ‘Office Rent was prepaid to the extent of Rs. $00; ‘Allowance for Bad Debts was to be raised to Rs, 1,000. ‘Unused Office Supplies-on hand were Rs. 200. 3 Tnsurance expired Rs, 300, 3 Sonepat med Re 200 & REQUIRED: ‘@) Prepare Income Statement fae tbe year ended Jum 30, 2014. (@o) Prepare balance sheet a5 on Jun 30, 2014. Q4.a (income Statemem ~ Missing Figures) represents a separate set: of the six horizontal lines in the following table r Net Net Sales | Purchase T 30,000 5500 2. x 70,000 3 73,000 98,000 4. 50,000 50,000 Cs. 70,000 ? Ce e ? REQUIRED: ‘Copy the above table and fill in the missing amoums, showing 66mputations. Q4b Balance Sheet ~ sing Figures}: Each of fourhorizontal ine cases represents a separate set of Balance Sheet ‘Curent Assets | Fixed Asset Capital Opening) | Profi Lose | Caplial(Clodag) | Uiabliies i 0,000 ‘000 710,000 0,000 = 2 [0,000 Bo.000) Tie,000 | seb 3 San00 8.900 ($.000) = 2 4. 30,000, ss 2 60,000 70, a [_a00 ‘Copy the above table and fill in ube missiig amounts, showing computations. Do practice from past papersADAMJEE COACHING CENTRE Preparation Paper 2014-2015 Nil Business Mathematics 10, BR B. 4 6. Vn. business. They put in Rs. 2000, ts. 4000 and Rs. 1500 as their capitals. The profit ‘was divided among them in the same ratio as the amounts invested by them. If the profit was Rs. 300. ‘what did each get. 125kg of rice cast Rs. 3500. How much kg of rice ean be bought for Rs. 2380? ‘OR 20 men can build a road 1Skm Jong in 18 days, How long will 25 men take to ebimpleté & 10km long. rood? ‘At a supermarket the list price of a shirt is Rs. 350. Find the price of the Shirt after the consecutive: siscomnts of 15% and 19%, OR ‘Find the selling price and profit ifthe cost of an items is Rs. 90,000 abd the profit is 30%. ‘As gold chain is sold for Rs, 835 at a gain 25%, Find the cast price ana prosit, ‘A bookseller gains 25% by selling « baok for Rs, 325. Fid the Gost price ofthe book & profit. IRs, S100 isto be divided among X,Y and Z in the ratio SP aor ; Diswibuiean amount of Rs, 1600 among A, B and C iaihe raion = and + respectively, At present the ages of Khalid and Sobail are in the ratio of 4:3 respectively, In 6 years, Khalid will bbocome 26:years old. How old is Sohaibf present ‘A father's age is in the ratio of $:3 toahat of his son, Seven years age the age of the father was 43; find the age of is son ‘A rao was sold for Rs. 5600 igre PP he selling pre w te cose price was ‘What was the cost price of the radio? Express the profit as a ratio Of the ¢08! price. Find the compound imerest on Rs. 25,000 for3 yeas at 4% per annum compounded quarterly. OR I an amount is invested at $% per annum, compounded semi-annually. find the effective tate of interest. ‘How much shouldibedsposited in a bank every year to-create a fund of Rs. 50,000 at the end of 25 years if therate of interests 5% compounded annually IRs, 8,000 is due’? years from now and money is worth $% compounded quarterly, find the present vag Acivist eats f simple interest wll Rs 24,000 amount to Rs. 25,920 in years and 10 maaths? ‘sum of money becomes double in 20 years at simple interest In bow many years will it be triple? Find the amount of an annuity. If Mr. Iqbal deposits Rs. $00 in a bask at the end of each quarter for 5 ‘Years. If the interest rate is §% compounded quarterly, ‘Determine the present value of an annuity of Rs. 10,000 atthe end of each 6 month for 5 years at 12% ‘compounded semi-annually. 2) Find the distance between points (4, $)and (6, 7) (b) Find the equation of siraight line in general form which passes through the points (9, 7) and (4, 11). Also find slope and intercept of the above equation. A respcctively. How mach will cach(©) Forthe following quadratic function, deiermine vertex & roots @ per = er 36 (i) penx 42nd (ii) pax! axed &) & wie 19, Solve the following equations. 4-x eer Saher re) vy Sele a) xiii, 20, The sum of two consecutive odd numbers 21. Solve the following simultancous equations. 22. i Ge Stir v4-0 ii” Va+2 2043 wv. K+2_ 2x ees 3-5 x=] 23. (a) Convert the decimal number 789 into its equivalent binary umber and the binary nursber 101111 into its equivalent decimal number. {b) Convert the decimal fraction 0.1875 to its binary equivalent, Ae) Perfortn the following binary operations. i 100111+10101—10111 ii, 11Mar 11a iii, 100100 ~ 1100 iv. 11011010010 ¥. Subtract HILIN11 fom [1100111 vi, 1100011 - 100110 10101141101 MD HD2s, 26, 20. 28, 2, (4) Conves the following binary number into decimal numbers and decimal nucsbers into inary numbers. 1. TLIO 2, 10@.0101 3, 29.6875 4 59375 Calculate the determinants; determine whether they are singular matrices. -2y jis 4 iLook i, 20 lat bs 9 8 2 s iv, a a4 Solve the following equations using Cramer's Rule or matrices method. = i or+6=0 3y-6r=2 A eesyois Br42y—4 ees ax—3y21l M347 cae 8 10 1 iy AAI 1 af} Spon find A’, Also verify AA Find x, y-& 2 $0 that: x 1 2) [tex wali {) oan. [* ‘ a 7 4 Showtha: i) (4x By =e xa" Gi) 24438 7 a WA=|3 6 | s]amc-[? ‘| ee 7 5 loo4 Verify that: A x (B+ C)—A*B+AxCAdamjee Coaching Centre Preparation Paper 2014-2015 ENGLISH - COMMERCE. SECTION “A* ‘This seetion consists of MCQs. (Prepare according ta the syllabus) SECTION “B* Give the answers of the following questions. Ol Q2 Qs Q4 QS Q6 What did Jinnah say to his people after a few days he landed in Karachi? Why does the writer apply the word ‘terrible’ to the first year of Pakistan's history as an independent state? Why did Kashmir net join Pakistan? Bricfly describe the tragedy of the Birkenhead What would probably have happened if there had been a panic on Birkenhead? ‘What are the functions of General Assembly of UNO? What does UNESCO mean’? What are its functions? Wihat was the reaction of people in the bank after the author eft? ‘What was the manager's reaction when he knew that the author was not a detective? Wisat was the real legend of Cemogratz family? What are the limitations of science in regard to the service of society? ‘What crime had been committed at Newcastle’? Why did Manning never believe that King was the murderer? Deseribe the qualities of The Character ofa Happy Life according to the poet What is a ballad? ‘What Were three questions asked by the King in “The Abbot of Canterbury’? How did the Shepherd save Abbot from death announced by King John? Briefly describe the tragedy of the village, Auburn. In what sense, Lucy became the part of nature? Explain. How did Luey’s parents come to know of her tragic death? Who wrote the poem/*The Lay of the last Minstrel"? What was its message? What lesson do we learn ftom the poem “Incident of the French Camp"? Why does Caventry Patmore scold his son and what happens afterwards? Whatis organized butchery of bays in the eyes of Mrs. Meldon? Why docs she say so? Who was Eddie and what happened to him? ‘Why does Mrs. Meldon hate war? Explain, What are the views of Prof, Corrie about women? Is he justified? Prog. Corrie was an ambitious person, How ean you justify it? How does Albert want to avenge his family honour? How did Mercedes fall im the trap of Femand Mondego? What was the basis of hatred between Morcerf and Monte Cristo? Why did Albert not fight a duel with the Count of Monte Cristo? When and how did the Count of Morcerf betray his country?Qa Q35 Q38 Q39 40 Qa1 Use the idioms in your own sentences. To turn down, To take after, In black and white, A bed of roses, From hand to mouth, To break the ice, To take off, To look after, Man of straw, Kith and kin, A fish out of water, In full swing, To be in hot waters, A big fish, To read between the lines, To face music, To pick hales in others, To let down, To break down, To wind up, A buming question, All in all, A fair weather friend, At the eleventh hour, By {its and starts, Cravodille’s tears, For good, To nip in the bud. Narrow escape, Apple of one’s eye, Out and out, Safe and sound, To tum a deaf ear to, To run out, Far and wide, To call names, By and large, By all means, Bolt from the blue, At daggers drawn, All and sundry, To put off, To set up, To give up, To bring up, To back out, Te go through, An uphill task, To come down, To die of, To look down, To break into, To break up. SECTION “C* Letters and applications. (i) Writea letter to the editor of a newspaper about the iffcredsing traffic which causes to traffic jam. i) Write a letter to the editor of a newspaper about frequent breakdown of electricity in your area. (iii) Write a letter to the oditor of a newspaper comtip! drains in your town, ing of the broken roads and Write moral stories (i) Honesty is the best policy (ii) Greediis curse (ii) Tit for tat (iv) Pride hath a fall Write character sketch. (2) Count of Monte Cristé’ (ii) Mrs. Meldon (iii) Countess of Morcerf (iv) Prof. Corie Write essay on the following topics. Gi) Democracy in Pakistan Gi) Importance of Commerce Education (iii) Facebook and students (iy} Usesiand Abuses of social media Translation into English. As done and practiced in class.ADAMJEE COACHING CENTER PREPARATION PAPER 2014 - 15 POC (Commerce) Important Questions for Section B (Short Answer Questions) Define trade, comer, industry, profession and business? Define sole proprietor and list advantages and disadvantages? Described basic consideration for starting a new business? List function of chamber of commerce and explain any threc? Define and differentiate between E-Business and E-commerce? Define joint stack company and list characteristics? List step for the formation of Joint Stock Company” Differentiate betwoen memorandum and article of association? Differentiate between public and private company? Define partnership list advantages and disadvantages? Differentiate between publicity and advertisement? Describe various types of ownership? Describe the means of transportation? Define insurance and its kinds. Describe the scope of commerce? Write qualities of good salesman? Define warehouse and its kinds? Define memorandum and its elauses’ Define prospectus and its contents? List contents of Amticle of Associates? List contents of partnership agreement?” ‘Write rights and duties of partners? Described kinds of partners? Describe various means of advertisement? Describe services ofwholesaler to retailer? Describe services af wholesaler to producer? Define wholesaling list its kinds? Define Retailing list its kinds? Describe services of retailer to wholesaler? Deseribe channel of distribution? Describe all the labor saving devices? Define mudaraba and musharka? Define chamber of commerce? Define export promotion bureau? Define business finance? Describe sources of short / long term finance? Explain qualities of good businessman? Define business letter list its kinds Deseribe qualities of a good business letter? Define import list documents use in import?” Define export list documents use in export? Define marketing list functions of marketing?Important Questions for Section C (Detailed Questions Answer) Define wholesaling its kinds and services rendered to retailer and produc Define Joint Stock Company its advantages / disadvantages and procedure of incorporation? Define import / export documents use in import / export producers of import / export? Define Business finance its kinds and sourees? Define business letter its kind’s parts, characteristics and draw a sketch of business letter?ADAMJEE COACHING CENTER PREPARATION PAPER 2014 — 15 ECONOMICS (Commerce) Important Questions for Section B (Short Questions Answer) MICRO-ECONOMICS L Define utility list types? 2. Define scale of production? 3. Describe equilibrium of a firm? 4 Define law of returns and laws of cost? S._Define total marginal average revenge of a firm? 6. Define perfect competition its characteristics? 7. Define monopoly and its characteristics? 8. Differentiate between monopoly and perfect completion” 9. Define elasticity of demand and its types? 10, Define / distinguish between micro and macroeconomics” 11. Describe the factors of productions and relative important? 12. Explain internal economies and extemal economies? 13, Describe relationship between total and marginal utility? 14. Define law of demand with help of schedule and diagram? 15, Define Jaw of supply with help of schedule and diagram’? 16. Differentiate between fixed cost and variable cost? 17. Distinguished between change in demand and ehange in quantity demand? 18. Describe assumption and exceptions of law ofdiminishing marginal utility? 19. Explain price income and cross elasticity of demand? 20, Distinguished price income and cross elasticity of demand? 21, Differentiate between point and atc elasticity” 22, Differentiate between 23, Desire and demand (2) Stock and supply (3) Utility and usefulness 24, Define law of di wilt MaCRO-ECONOMICS. 1 Define national income 2. Define trade eycle-and its phases? 3. Describe quantity theory of money? 4. Define money characteristics of good money? 5, Write merit and demerit of paper money? 6. © Define barter system and its difficulties? 7. Explain comparative cost theary? 8. Define public / private finance? 9. ‘Differentiate between public and private and balance ef payment? 10. Define tax list ¥ types of tax? i Differentiate between direct and indirect tax? 12, Describe canon of taxation of Adam smith? Describe the functions af money? 14, What are the sources of public revenue? 15, List difficulties in measurement of national income? 16. ifferentiate between tax and zakat?1. Explain cireadian theory of rent? 2. Distinguished between domestic trade and international trade? 3. Distinguished between domestic trade and international trade? 4. Write advantages and disadvantages of international trade? S. Define inflation and what are causes of inflation? 6, Describe measurement approaches of National income explain any one? 7. Differentiate between: GDP-GNP-NNP-GNP-NNP-NI-PI-PDI 8 Define balance of trade and balance of payment? 9. Describe advantage and disadvantages of direct and indirect tax? 10, Define zakat and what is economic significant of zakat? Important Questions for Section C (Detailed Questions Answer) MICRO ECONOMICS: 1, Define and compare robins and marshal definitions evonomics. 2. Explain law of diminishing marginal wility with help of schedule ancl diagram also writes its assumption and limitation? Explain law of diminishing retum with help of schedule and diagran? Define Price Elasticity of Demand, explain kinds of measurement? 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