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Discuss looking for b.com finnal year notes in Student Korner forum, in The Technology Basement category.
      
   
  1. #1
    yash_khankhaqani is offline Member
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    looking for b.com finnal year notes

    salam
    kiya koi mujhe batayga ke main kon si site se b.com part2 ke notes hasil kar sakta hoon ..plz reply..
    aap ki bardi meherbani hogi

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  2. #2
    Muhaddisa's Avatar
    Muhaddisa is online now Alhamdulillah!! :x
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    Re: looking for b.com finnal year notes

    ........
    beta apne notes khud tayar krne chahie.
    copy paste achi bat nhi.....

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    اُس دن کیلئے
    جس دن کی تھکن
    لفظوں میں نہ بولی جائیگی

    اُس غم کیلئے
    جب فردعمل
    کچھ ہو یا نہ ہو،لی جائیگی

    اُس شب کیلئے
    جس شب کی سحر
    مرنے سے نہ پہلے آئیگی
    !اور موت تو خود مر جائیگی

    اِس صبح کے لئے
    جس صبح کی مہک
    پھولوں میں نہ تو لی جائیگی

    اُس مے کےلئے
    جس مے کی مُہر
    دعووں سے نہ کھولی جائیگی

    اُس مے کے لیے کچھ دام بھرو
    اُس شب کے لیے بے نام رہو
    اس صبح کے لئے کچھ کام کرو
    ہر صبح جیو
    !ہر شام مرو


  3. #3
    Ammy_769's Avatar
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    Re: looking for b.com finnal year notes

    Which subject??
    If possible for me, then I can arrange for you, otherwise on net, it is difficult to find notes especially Pakistani courses.

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  4. #4
    l2aaNia's Avatar
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    Re: looking for b.com finnal year notes

    mere pass b.com part 2 kay important questions hain ager ap ko chahiye tu?
    is site per b.com kay important Q mil jayen gay.
    ~snipped~

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    Chalo walk pay chalty hain

  5. #5
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    Re: looking for b.com finnal year notes

    Important Questions for B.com II
    The Study Centre
    Kaleem Imran
    Lecturer: The Standard College of Commerce

    Important Questions of Business Taxation B.Com II

    Q1. Define and explain the following terms with the reference to income tax law.
    1. Accumulated profit 2. Appellate tribunal
    3. Approved gratuity fund 4. Approved superannuation fund
    5. Assessment 6. Assessment year
    7. Association of persons 8. Agricultural income
    9. Banking company 10. Business
    11. Capital asset 12. Board
    13. Company 14. Commissioner
    15. Debt 16. Co-operative society
    17. Depreciable assets 18. Dividend
    19. Financial institution 20. Firm
    21. Foreign source income 22. Income
    23. Industrial undertaking 24. Minor child
    25. Pakistan source income 26. Person
    27. Principal Officer 28. Profit on debt
    29. Public company 30. Private company
    31. Resident & non-resident person 32. Resident individual
    33. Resident company 34. Association of persons
    35. Royalties 36. Non-resident taxpayers
    37. Speculation Business 38. Stock in trade
    39. Tax 40. Tax payer
    41. Income year 42. Taxable income
    43. Taxation officer 44. Tax year
    45. Normal tax year 46. Special tax year
    47. Transitional tax year 48. Total income
    49. Income from fruit processing

    Q2. Explain the legal provisions governing the exemption of following under the
    the income tax ordinance 2001? Or
    Explain the legal provisions governing the exemption of the following under the
    second schedule of income tax ordinance 2001:
    1. Agricultural income 2. Allowances attached to honours, awards
    3. Scholarship 4. Income of Government
    5. Pensions 6. Income of national investment trust
    7. Amount of gratuity 8. Amount from superannuation fund
    9. Special additional allowance 10. Accumulated balance of provident fund
    11. Special allowance 12. Facility of accommodation
    13. Dividend received by I.C.P 14. Income of textbook boards
    15. Income from N.I.T 16. Income of educational institutions
    17. Medical allowance 18. Income from transport business
    19. Capital gain 20. Private sector power projects
    21. Export of computer software 22. Medical charges or hospital charges
    23. Income from vocational, Technical and poly-technical institutes
    Q3. Explain at least ten allowable and not allowable deductions under the head income
    from business?
    Q4. Powers and functions of Regional Commissioner of income tax?
    Q5. What do you mean by “rent chargeable to tax”? What are the allowable and not
    allowable deductions for determining taxable income from property under
    income tax ordinance 2001?
    Q6. What are the conditions laid down under the income tax ordinance for depreciation
    allowances?
    Q7. What are the various types of losses, how can these be set off and carry forward?
    Q8. What is appellate tribunal, its powers and functions and appeal to appellate tribunal?
    Or
    Explain in detail the provisions of income tax ordinance 2001, in respect of
    Appeal to appellate tribunal and the composition and function of appellate
    tribunal?
    Q9. Define provident fund, types and treatment of various kinds of provident fund?
    Q10. Why the distinction between capital and revenue is considered to be most important.
    / Difference between capital and revenue from income tax view point? Explain six
    tests for differentiating capital and revenue expenditure and capital and revenue
    receipts?
    Q11. Define powers and functions of Commissioner of income tax?
    Q12. Define the powers and functions of Federal board of revenue?
    Q13. Define agriculture income? Give at least five examples of agricultural income and
    Non-agriculture income and also give examples of partly agricultural and partly
    Non- agricultural income?
    Q14. Define capital gain, its computation and also deductions and exemptions?
    Q15. Define and explain the following terms with reference to sales tax act.
    1. Associated persons 2. Input tax
    3. Wholesaler 4. Zero rated supply
    5. Appellate tribunal 6. Return
    7. Tax fraud 8. Value of supply
    9. Appropriate officer 10. Arrears
    11. Extra amount of tax 12. Fine
    13. Penalties 14. Collector
    15. Banking company 16. Board
    17. Cottage industry 18. Common taxpayers identification number
    19. Defaulter 20. Default surcharge
    21. Distributor 22. Document
    23. Establishment 24. Exempt supply
    25. Goods 26. Importer
    27. Taxable supply 28. Local Sales tax office
    29. Manufacture or produce 30. Manufacturer or producer
    31. Officer of sales tax 32. Open market price
    33. Output tax 34. Person
    35. Registered officer 36. Registration no
    37. Registered person 38. Retail price
    39. Retailer 40. Return
    41. Special audit 42. Special Judge
    43. Tax 44. Taxable activity
    45. Tax fraction 46. Taxable goods
    47. Tax invoice
    48. Difference between exempted and zero rated supplies

    Q16. What is tax deducted at sources? Discuss the requirements of tax deducted at sources?
    Q17. Explain the legal provisions governing the filing of return of total income under the
    Income tax law?
    Q18. Discuss various types of assessment made by commissioner of income tax?
    Q19. Whether the following incomes are taxable or not? Give reasons.
    1. Income from private sector power projects.
    2. Dividend received by Investment Corporation of Pakistan from a company.
    3. Income from writing a book by a professional writer.
    4. Income received from land situated in tribal areas.
    5. Non-practicing allowance received by a doctor.
    6. Yield of defence saving certificate purchased in 1997.
    7. Salary of a doctor employed in a rural area.
    Q20. How much of the following incomes will be taxable?
    1. Income from property owned by a widow. Annual rental value of the
    property is Rs. 30,000.
    2. Interest received on saving bank account in a scheduled bank Rs. 1,800.
    3. Dividend Rs. 22,000 received from profit and loss sharing account in a bank.
    4. A non-professional artist received Rs. 30,000 for his artistic work.
    5. An employee has received Rs.8,000 from his employer as utilities allowance.
    His basic salary is Rs. 60,000 per annum.
    Q21. Will these be included in total income? Give reasons in support of your answers?
    1. Prize of Rs. 20,000 received on a prize bond.
    2. Income from monthly income saving account scheme Rs. 10,800.
    3. Income from property Rs. 18,000 constructed in 2005.
    4. Pension from federal govt. amounting to Rs. 12,000.
    5. Travelling allowance received for official duties.
    Q22. What do you mean by income from other sources? Give examples of income, profit
    And gains not taxable under the particular heads, rather treated as income from
    other sources and also describes the deductions?

    Important Questions of Auditing for B.Com II

    Q1. Briefly answer the following questions:
    1. What is meant by error of omission?
    2. What does proper allocation mean?
    3. Define double entry system of accounting?
    4. What is meant by proper authorization?
    5. What is meant by secret Reserve?
    6. Explain open quotation system?
    7. What is meant by principle errors?
    8. Whether a creditor can be appointed as auditor of a company?
    9. What is meant by misfeasance liability?
    10. What is meant by Petty cash fund?
    11. What is window dressing?
    12. What is Honorary Auditors liability?
    13. Define internal control?
    14. What is offsetting errors?
    15. Explain Embezzlement of cash.
    16. Give 3 objectives of vouching of payment side of cash book?
    17. What is interim Audit?
    18. Define audit note book?
    19. What is partial audit?
    20. Define contingent liability?
    21. What precautions should be adopted while applying test checking?
    22. What are the major objectives of vouching?
    23. Explain the 3 important benefits of final audit?
    24. Explain the 3 important benefits of preparing audit programme?
    25. Who is the owner of working paper?
    26. When statutory report is required?
    27. Define internal audit?
    28. Define internal check?
    Q2. Briefly explain the benefits of audit to the business, general public and state?
    Q3. What is meant by final and interim audit? Under what circumstances it is adopted? Its merits and demerits?
    Q4. Suggest a good system of internal check over sales of a trading business?
    Q5. How would you vouch/verify the following?
    1. Repair expenses 2. Mark up expenses
    3. Rent income 4. Wages
    5. Capital expenditures 6. Investment
    7. Sale of securities 8. Plant and machinery
    9. Share capital 10. Goodwill
    11. Receipts from debtors 12. Bills receivable
    13. Sales of fixed assets 14. Sales of fixed assets
    15. Payment under hire purchase and installments
    16. Land and building 17. Cash sales
    18. Wages and salaries 19. Traveling expenses
    20. Interest & dividend from investment
    Q6. Explain the audit work required for submission of prospectus report of a
    public ltd. Company carrying business for the last 10 years?
    Q7. What is verification and what are the techniques of verification?
    Q8. Briefly explain the following liabilities of an auditor:
    1. Negligence 2. Liable
    3. Criminal liability 4. Liability for libel
    Q9. How would you investigate the accounts of a public ltd. Company for
    discovering the fraud of cash?
    Q10. Auditing begins where accounting ends. Explain how does auditing differ
    from accounting?
    Q11. Define audit working paper. Explain the objects and essentials of a good
    audit working paper. Who is the owner of the audit working paper?
    Q12. Explain the rights powers and duties of an auditor of a public limited
    company?
    Q13. Explain the qualified and unqualified annual audit report? Discuss the audit
    work involved in the submission of such a report to the shareholders of a
    public ltd. Company? Give specimen of such a report?
    Q14. Explain the criminal liability of an auditor. Prove your answer with case
    reference?
    Q15. Define continuous audit. Where it is applied, also give the merits and
    demerits?
    Q16. What is statutory report? What work has been performed by the auditor in
    this respect? Also give the specimen of this report?
    Q17. Define auditing and accounting. How does it differ from accounting?
    Q18. What is meant by internal check? Suggest a good system of internal check
    over cash dealing of a manufacturing company?
    Q19. Explain the legal provisions relating to the appointment, remuneration,
    qualification, disqualification and removal of an auditor of a public ltd.
    Company?
    Q20. Explain the special points required to be kept in mind by an auditor while
    examining the accounts of the following:
    1. Sugar company 2. News Paper company
    3. Bank 4. Insurance company
    5. Textile company 6. Hotel
    Q21. Discuss the auditor’s liabilities towards his client with relevant case laws?
    Q22. Explain the qualities required in an auditor? Also explain the main objects of
    auditing?
    Q23. Define and distinguish between external audit and internal audit?
    Q24. Write short notes:
    1. Teeming and lading 2. Routine checking
    3. Prospectus report 4. Audit programme
    5. Balance sheet audit 6. Audit note book

    Important Questions of Business Communication and Report Writing

    Q1:- Short answers to the following:-
    1) What is complimentary close?
    2) Which one is correct
    your’s truly or yours truly
    3) What is the importance of attention line in a business?
    4) What is post script?
    5) What is invoice?
    6) Which phrase does C.V abbreviate?
    7) Define Semi official letter?
    8) What is diagonal communication?
    9) What is an unsolicited letter of enquiry?
    10) What is horizontal communication?
    11) Define verbal and non verbal communication?
    12) What are elements of communication?
    13) What is an order letter?
    14) What are three fold purpose of collection letter?
    15) Why do we write a letter of threat to a customer?
    16) What are the various stages of collection?
    17) List out non-essential parts of a business letter?
    18) What is a good news message?
    19) Define an acknowledgement letter?
    20) Define communication?
    21) Distinguish between internal and external communication?
    22) What is letter of enquiry?
    23) What is difference between cancellation and refusal of an order?
    24) What is a resume?

    Q2:- Define business communication and explain its importance for business men /
    successful business?
    Q3:- Discuss the process of communication and also the various elements of
    communication?
    Q4:- Seven principles (7c’s) are generally considered essential to convey a message
    effectively. Describe these principles in detail?
    Q5:- Describe the various points we should keep in mind while giving an oral
    presentation?
    Q6:-What points should be kept in view while writing a letter of inquiry?
    Q7:- Write a letter of inquiry to a manufacturing firm of cosmetic products, inquiring
    about their products and asking for quotations?

    Q8:- Write an application in response to the following advertisement appearing in a
    local news paper. National security insurance company ltd. requires the services
    of an intelligent, capable and hardworking accountant. Minimum qualification
    B.Com, apply post box 556, Lahore
    .
    Q9:- Write a note on adjustment letter and the basic principles which govern them?
    Q10:- Write a note on qualities of a good business report, also define business report?
    Q11:- What do you mean by Market terms? Explain the following terms?
    1:- Turnover 2:- Glut 3:- Bullish
    4:- Market value 5:- Tendency 6:- Haggling
    8:- Demurrage 9:- Bearish 9:- Volume of Business
    10:- Market price 11:- Dumping 12:- Arbitrage
    13:- Speculation 14:- Bear 15:- Street price
    16:- Bull 17:- Arrival 18:- Arrival turn over
    19:- Boom 20:- Dips 21:- Ready business
    22:- Demand Draft 23:- Over Draft 24:- Set back
    25:- Bulls on Campaign

    Q12:- Explain the essential and non-essential parts of business letter?
    Q13:- What is letter of collection, describe its elements?
    Q14:- Write a letter of collection to Messer Bashir Sons, the Mall, Lahore for an
    outstanding amount, threatening them with legal action?
    Q15:- Write and application for the post of finance officer to the managing director,
    Asia insurance company ltd. Lahore. Send your c.v as well, minimum
    qualification is B.Com.
    Q17:-What are the various barriers to effective communication? How can they be
    overcome?
    Q18:- Define verbal and non verbal communication and discuss the various types of
    non verbal communication?
    Q19:- Write an application for a job in reply to an advertisement you read in
    newspaper. Give your bio data in full?
    Q20:- What is a letter of collection. Discuss briefly the three fold purpose of
    collection letter?
    Q21:- The office staff of the branch of the firm under your control has come up with
    certain grievances in the firm. Give details of there grievances in the form of a
    report which you have to present to the managing director of your firm?
    Q22:- Write an application for the job of senior accountant response to an advertise
    along with your C.V?
    Q23:- Explain the basic principles of writing a good letter of complaint?
    Q24:- Write a report to the inspector General of police Punjab about the increasing
    rate of crime in Lahore. You should also suggest a few measures to control it?
    Q25:- What is oral presentation? Discuss its stages and mention its types?
    Q26:- Define a sales letter. Write a detail note on the functions of a sales letter?
    Q27:- A letter of employment is treated to be a sales letter. Why?
    Q28:- Write a composite letter of employment in response to an advertisement. Don’t
    mention C.V?
    Q29:- Define listening. Describe its various stages and also discuss the steps of
    effective listening?
    Q30:- What point should be kept in view while giving an oral presentation?



    Important Questions of Business Law for B.Com II


    Q1. Define contract. What are the essentials of a valid contract? Give brief note on offer and acceptance?
    Q2. Define and differentiate between indemnity and guarantee?
    Q3. Define discharge of contract and discuss various forms of discharging a contract?
    Q4. All contracts are agreement but all agreements are not contracts. Discuss in detail this agreement?
    Q5. Define cheque and differentiate bill of exchange and promissory note?
    Q6. Discuss railway as a common carrier?
    Q7. Define the following:
    1. Holder in due course 2. Promissory Note
    3. Void Agreement 4. Coercion
    5. Bailment 6. Specific goods
    7. Agent 8. Minor
    9. Free Consent 10.Guarantee
    11. Nothing and protest 12. Air charter
    13. Non specific goods 14. Wager agreement
    15. Pledge 16. Special damages
    17. Factory 18. Bill of exchange
    19. Mistake 20. Trade union
    21. Revocation 22. Strike and lockout
    23. Doctrine of Caveat emptor 24. Collective bargaining agent
    25. Bill of lading 26. Fraud
    27. Capacity to contract 28. Agreement in restraint of trade

    Q8. What do you understand the capacity to contract? What are the effects of agreements made by person not competent to contract?
    Q9. What is bailment? Discuss rights and duties of bailee?
    Q10. Explain the rights and duties of buyer in a contract of sale?
    Q11. What are the requirements of application for registration of a trade union?
    Q12. What is meant by crossing of check? What are various types of crossing?
    Q13. Makes a difference between:
    1. Common carrier and private carrier.
    2. Bill of lading and charter party
    Q14. Discuss in detail the position of Quasi contracts. When the obligations of contracts are imposed by law?
    Q15. Define acceptance. Write down essentials of a valid acceptance?
    Q16. Define minor. Explain the position of minor in relation to minor’s agreements?
    Q17. What remedies are available to an aggrieved party against the guilty party in case of a breach of contract?
    Q18. Define a contract of sale. Give points on which we can distinguish sale and agreement to sell?
    Q19. Define bill of lading. What are differences between bill of lading and charter party?
    Q20. Define common carrier. Discuss of liabilities of railway as common carrier? Discuss the rights, duties and liabilities of a common carrier?
    Q21. What is consideration? No consideration no contract, discuss this statement?
    Q22. Define different kinds of negotiable instruments. On what grounds can a promissory note and bill of exchange be differentiated?
    Q23. Define misrepresentation. Distinguish it from fraud?
    Q24. Explain the rights and duties of the buyer in respect of the sale of goods?
    Q25. Indicate the cases in which a banker may refuse to honour a cheque?
    Q26. Define contract and give essentials of valid contract?
    Q27. What is a contract of agency? Give kinds of agents?

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