Auditing - Important Questions by Khalid Aziz: Iqra Study Centre

IQRA STUDY CENTRE
AUDITING IMPORTANT QUESTIONS BY KHALID AZIZ

1) Define auditing and describe its objectives. 2) Define investigation and distinguish it with auditing. 3) Describe the rights and duties of an auditor. 4) What are various types of audit? 5) What are audit work papers? What are their purposes? What are the usual contents of audit work papers? 6) Define audit techniques, name them and explain any five of them. 7) What is meant by evidence in auditing? Name the various types of audit evidence. 8) Write a detailed note on audit program. 9) Distinguish between financial audit and cost audit. 10)What points should be considered while auditing the annual accounts of a hotel & restaurant, Banks, Doctors, Educational institutions, charitable institutions. 11)What are divisible profits? What should be the guiding principles in determining the divisible profits? 12) Explain the importance of an accurate valuation of inventories and list steps for the verification of inventories. 13)Define fraud and explain types of fraud. 14)Write detailed notes on internal control, internal audit and cost audit. 15)Audit report (qualified and unqualified) 16) Income tax short notes: A. Total income B. Income year C. Sales tax D. Income tax authorities B.COM PART 1 & 2 CRASH E. Powers of income tax officers CLASSES IN JUST 20 DAYS F. Tax payers G. Central board of revenue (cbr) H. Registered firm I. Persons J. Assessment year K. Appellate tribunal L. Assessee M. Casual income N. Self assessment scheme
IQRA STUDY CENTRE R-1173, 3rd FLOOR, ALNOOR SOCIETY, BLOCK #19, F.B.AREA, NEAR POWER HOUSE, KARACHI. For I.com, B.com, MA-Economics, ICMAP,ICAP, PIPFA, MBA, BBA and other commerce students
IQRA STUDY CENTRE
BANKING & FINANCE IMPORTANT QUESTIONS BY KHALID AZIZ

1) Define a bank and explain its evolution. Describe various functions of a commercial bank. 2) Define a central bank, list its functions and explain them. 3) Define credit instruments and briefly describe their kinds. 4) Define a cheque and describe briefly its kinds and why a cheque is dishonored by bank. 5) Write note on State Bank of Pakistan. What are relations between scheduled banks and SBP? 6) State the kinds of bank account and list the steps involved in opening a bank account. 7) Define endorsement and describe its kinds. 8) Describe in detail the principles of employing bank fund. 9) How does a bank create credit? 10) What is working capital? What are its functions and importance? What is equation of working capital? 11) What is business finance and describe its types. 12) Short Notes a) Credit control b) Bill of exchange c) Promissory Note d) Discounting a bill of exchange e) Letter of credit f) Noting and protesting g) Qarz e Hasana h) Distinguish between qarz e hasana and loan i) Modarba & Musharka j) NIT k) IDBP l) Islamic Banking m) Interest free banking n) Markup and interest o) Sources of business finance
B.COM PART 1 & 2 CRASH CLASSES IN JUST 20 DAYS
IQRA STUDY CENTRE
BUSINESS & INDUSTRIAL LAW IMPORTANT QUESTIONS BY KHALID AZIZ

Commercial Law
Contract Act 1) How contract is classified? 2) State the essential elements of an offer. 3) What do you understand by performance of contract? 4) Give essential elements of valid contract. 5) Define consideration under contract act 1872.What are the exceptions to the rule No Consideration No Contract. 6) What do you understand by capacities of parties under contract act? 7) Write short notes on a) Fraud, b) Coercion, c) Undue influence & d) Misrepresentation. Other Topics 8) Give essentials of agreement to sale. 9) Distinguish between sale and agreement to sale. 10) Give the rights of an unpaid seller. 11) What is bill of lading and describe its kinds? 12) Distinguish between bill of lading and charter party. 13) Private and common carrier. 14) Price and different kinds of goods. 15) What are negotiable instruments? Differentiate between holder and holder in due course, bill of exchange and promissory notes. 16) What are various kinds of partners, also describe rights and liabilities of partners and dissolution of partnership. 17) What are rights and duties of surety, bailor and bailee?
Industrial Law
1) Strike and Lock out. 2) Ordinary and seasonal Factory. 3) Accident. 4) Provision relating to health and safety of workers. 5) When employer is not liable under workmen compensation act. 6) Total and partial disablement. 7) Unfair labor practice. 8) Inspector and certifying agent. 9) Holidays and working hours. 10) Work council and labor court.
IQRA STUDY CENTRE
BUSINESS COMMUNICATION IMPORTANT QUESTIONS BY KHALID AZIZ

1) Define communication. Discuss the importance of communication with reference to an individual and an organization. 2) What legal aspects influence business communication? Discuss any two of them in detail. 3) Planning is an important step in business communication. Discuss the importance with reference for six planning steps in communication. 4) Differentiate between sales and sales promotion letter. 5) A sales letter and a sales promotion letter. 6) A job letter with CV. 7) Define interviewing. Discuss the responsibilities of a job interviewer and interviewee in detail. 8) Short Notes A. Importance of listening. B. Dictating. C. Steps in oral presentation. D. Openings and closings. E. Leading and participating. 9) What are business writing principles? Discuss them in detail. 10) Define market report. Explain various classification of market. 11) Explain the following terms. a) Bearish hella b) Bull c) Short covering d) Kerb e) Bearish sentiments f) Arrival g) Blue chips h) Long corner i) Steady note j) Bullion market k) Forward business Script l) Stag m) Speculator n) Square deal o) Set back p) Trapped bull q) Bad hook r) Hedge s) Black bourse
IQRA STUDY CENTRE
ECONOMICS OF PAKISTAN IMPORTANT QUESTIONS BY KHALID AZIZ

1) Differentiate between economic growth and economic development. 2) What are the obstacles to the economic development of Pakistan? Discuss and suggest the remedial measures. 3) What are the causes of agricultural backwardness in Pakistan? Suggest measures to resolve the problems. 4) Discuss the importance of mechanization of agriculture, how far it is successful in Pakistan? 5) Industrial development is the basis of economic development, discuss with reference to Pakistan. 6) Explain the role of public investment in the industrial development of Pakistan. 7) Explain the role of small scale industry in an agricultural economy. What steps the Government of Pakistan has taken to promote these industries. 8) What are the different means of transport and communication in Pakistan? Discuss the role of computer in the economic development of Pakistan. 9) Highlight the problems of railways in Pakistan; suggest measures to improve the performance of Pakistan railways. 10)Discuss the current fiscal policy of Pakistan with reference to fiscal budget 20082009. 11) Examine the factors which contribute towards persistent adverse balance of payments in Pakistan. Explain the measures for correcting adverse balance of payments in Pakistan. 12) Foreign aid is UNAVOIDABLES of Pakistan. Comments. What are the main sources of foreign assistance in Pakistan? 13)Why privatization become necessary for Pakistan? 14)Write notes a) Problems of industrial labour. b) IDBP c) Major imports and exports. d) WTO e) Balance of trade f) Heads of income and expenditure of federal government
IQRA STUDY CENTRE
MANAGEMENT IMPORTANT QUESTIONS BY KHALID AZIZ

1) Define management. State briefly the universal functions of a manager. 2) Define planning. Discuss briefly the various steps involved in planning. 3) Define staffing. Describe briefly the various steps involved in staffing. 4) Define groups. How they grow? And how they flow? 5) Explain policies, rules and procedures in detail. 6) Define decision making. State the guidelines of decision making. What is rational decision making? 7) What is MBO? What are its characteristics and its objectives? 8) Define motivation and list various theories of motivation. 9) What is communication? What are the steps involved in communication? Briefly state various barriers to communication. 10) Explain briefly the phases of control. State the characteristics of a good control system. 11)Notes a) Orientation & Training b) William. G. Scots 4 pillars of organization c) Budget & its types d) Mc Gregors X & Y theory e) Span of management f) Hawthorn effect g) Management audit h) Henry Fayols 14 principles of management i) Elton Mayos human relations theory j) Role of Frederick. W. Taylor in management k) Nominal group technique & Delphi technique l) Abraham Maslows theory of humanistic approach about human need m) 5 cs of communication n) Human balance sheet

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