Accounting Exam North Campus 2024-25
Accounting Exam North Campus 2024-25
SECTION “B”
(SHORT ANSWER QUESTIONS) (40 Marks)
NOTE: Attempt Any FOUR Of The Following Questions. Each Question Carries
Equal Marks.
Q.2 ACCOUNTING FUNDAMENTALS
GIVEN:
a. i) State the fundamental equation of accounting.
ii) State the rules of Debit and Credit in terms of increase and decreases in values, derived
from this equation.
b. Give one example of an accounting transaction that will:
i) Increase an asset and increase capital.
ii) Increase an asset and increase liability.
iii) Increase an asset and increase revenue.
iv) Decrease an asset and increase expense.
Q.3 GENERAL JOURNAL
GIVEN:
The following transactions were completed by Suhana during the month of January 2024
Jan 1 Commenced business with Cash Rs.800,000.
Jan 5 Purchased merchandise on account from Afreena Rs.3,50,500.
Jan 8 Returned merchandise to Afreena Rs.10,500.
Jan 12 Sold merchandise on account to Teesha Rs.150,000.
Jan 15 Teesha returned merchandise Rs.10,000.
Jan 18 Received Cash from Teesha on account Rs.138,000 in full settlement.
Jan 22 Paid Afreena on account Rs.338,000 in full settlement.
Jan 16 Paid for Salaries expense Rs.45000.
Jan 31 Paid for Shop Rent expense Rs.65000.
REQUIRED:
Record the above transactions in the standard form of General Journal giving narration below
each entry.
NORTH CAMPUS (P R E L I M 2 0 2 4 - 2 0 2 5) 3 XI–ACCOUNTING
REQUIRED:
Prepare a Pre-Closing Trial Balance on May31, 2024. Finding the amount of capital.
REQUIRED
a) Enter the opening balances on March 1, and record the transactions in the Cash Book.
b) Balance the Cash Book on March 31, 2024; close it and bring down cash and bank balances
on April 1, 2024.
NORTH CAMPUS (P R E L I M 2 0 2 4 - 2 0 2 5) 4 XI–ACCOUNTING
2024
August 7 Umar & Co. 102 2/10, n/30 Rs.36,000
13 Wali Brothers 103 5/7, n/15 44,000
19 Waqar Sons 104 2/10, n/20 22,000
28 Yasmeen & Co. 105 2/15, 55,000
n/eom
REQUIRED
a) Prepare SALES JOURNAL and enter therein the above information. Foot and rule the
journal indicating posting reference and check mark. Account Receivable account code no.
1006 Sales Account code no. 4006
b) Set up appropriate controlling accounts in the general ledger.
REQUIRED
a) Bank Reconciliation Statement as on April 30, 2024.
b) Entries in the General Journal to adjust the cash record of the company.
NORTH CAMPUS (P R E L I M 2 0 2 4 - 2 0 2 5) 5 XI–ACCOUNTING
SECTION “C”
(DETAILED ANSWER QUESTIONS) (40 Marks)
NOTE: Attempt Any TWO Part Questions. All Questions Carry Equal Marks.
Q.8 FINANCIAL STATEMENT
GIVEN
The following is the Pre-Closing Trial Balance of A.L.K. Co. prepared on December 31, 2024:
Debit Balances Credit Balances
Cash Rs.10,000 Sales Rs.75,000
MerchandiseInventory 8,000 Purchase Returns 500
(1.1.2024)
Office Equipment 30,000 A.L.K. Capital 60,000
Purchases 52,000 Allowance for 2,500
Depreciation office
Equipment
Salaries Expense 5,500 Accounts Payable 17,000
Rent Expense 5,000
Office Supplies 500
Insurance Prepaid 1,200
Accounts Receivable 20,000
Sales Returns 500
Furniture 17,300
A.L.K. Drawings 5,000
Total 155,000 155,000
Data for adjustments on December 31, 2024
i) Merchandise inventory was valued at Rs.10,000.
ii) Salaries payable Rs.500.
iii) Rent Accrued Rs.1,000.
iv) Office Supplies unused Rs.200.
v) Depreciation on Office Equipment was estimated at Rs.2,500.
vi) Insurance expired by Rs. 200
REQUIRED
a) Prepare Income Statement in classified report form for the year ended December 31,
2024.
b) Prepare Balance Sheet in classified report form as of December 31, 2024.
c) Prepare Adjusting Entries in General Journal on December 31, [Link] also prepare
General Journal entries to close all expense and revenue accounts and entries to close
Expense & Revenue Summary and Drawings accounts.
OR d) The following balances are taken from the books of Owais Saeed & Co. for the year
ending December 31, 2024, you are required to find cost of goods sold either in account
form or report form.
Merchandise Inventory (1.1.2024) Rs.15,000
Purchases 70,000
Purchase Discount 1,400
Purchases Returns 2,000
Transportation in 1,250
Merchandise Inventory (31.12.2024) 10,000
NORTH CAMPUS (P R E L I M 2 0 2 4 - 2 0 2 5) 1 XI–Business Maths
i) 2O = __________ .
a) 1 b) 0 c) 2 d) α
ii) 8x 6 ÷ 2x 2 = __________ .
a) x6 b) x4 c) 2x2 d) 4x4
a) 4 b) 3 c) 2 d) 1
−4 −1
iv) = __________.
5 3
a) 6 b) 7 c) -7 d) -6
a) 2 b) -2 c) 5 d) -5
vii) (a + b) (a + b) = __________ .
a) a2 – b2 b) a2 + b2 c) (a + b)2 d) (ab)2
a) 7 b) 6 c) 4 d) 5
ix) What is the principle amount if it earns Rs. 240 in 2 years at 6%?
x) If an article earns Rs. 800 as profit which cost Rs. 2000 what is the percentage?
SECTION “B”
ii) Find the cost price of an item which earns 25% profit if it is sold for Rs. 1200.
iii) A person invest Rs. 40,000 for 5 years at a rate of 12% compounded quarterly. What amount he
2 6 9 −4
vi) A= and B = find a) 2A – B b)0.5B
4 8 5 1
vii) Divide Rs. 70,000 among the three persons if the ratio among them is A:B = 2:3 & B:C = 6:4.
viii) Find out the vertex of line equation -x2 + 3x + 2 = 0. Also state the opening of parabola.
SECTION “C”
Q.3 Find the equation of straight line passing though the points (2, -1) and (-4, 3). Also find distance and
slope.
Q.4 Find the sum and present value of annuity if Rs. 4000 has been invested for 4 year quarterly at a rate of
15%.
MICRO ECONOMICS
Q.2 i) What are the exemptions to the law of diminishing marginal utility?
MACRO ECONOMICS
SECTION “C”
NOTE: Answer Any ONE(1) Question From Micro And Macro Economics.
SECTION ‘B’
NOTE: Answer Any SIX Questions From This Section. All Questions Carry Equal Marks.
SECTION ‘C’
NOTE: Answer Any TWO Questions From This Section. All Questions Carry Equal Marks.
Q.3 Describe the procedure of import trade. List the documents used in foreign trade.
OR
Write an order letter for importing goods from Germany. Assume necessary details.
NORTH CAMPUS (P R E L I M 2 0 2 4 - 2 5) 1 X I - E N G L I S H (Sir Hassan)
S E C T I O N “B”
(SHORT QUESTIONS ANSWERS) (40 Marks)
NOTE: Answer Any TEN (10) Questions From This Section, Including At Least TWO Part
Questions From Each Sub-Section. All Questions Carry Equal Marks.
SUB - SECTION - I (READING COMPREHENSION)
Q.2
i. What mistake did Stephen Leacock make when he wrote the cheque?
ii. Describe in your own words how the Loisel’s life changed after they had paid for the new necklace.
iii. What are the benefits of E-Commerce in today’s world?
iv. Why was the boy inspired to go Hampton in the chapter “Struggle for an Education”?
SUB - SECTION - II (POETRY)
v. What rewards does a Khahori get after his hard work?
vi. Why do people still believe that Lucy Gray is a living child?
vii. What were the three answers given by shepherd in the poem “The Abbot of Canterbury”?
viii. Identify the poem and the poetic devices in the following lines.
Where thickest lies the forest growth
We find the patriarchs of both
And they hold counsel with the stars
Whose broken branches show the scars
Of many winds and much of strife
This is the common law of life
SUB - SECTION - III (A VISIT TO A SMALL PLANET)
ix. Describe the reaction of different characters to Kreton’s visit.
x. Who is Aide? What is his role in the play?
xi. Which character in the play “A Visit to a Small Planet” do you like the most and why?
xii. How is Kreton able to communicate with the people on Earth?
SUB - SECTION - IV (GRAMMAR)
xiii. Change the narration.
a) Raza said, “I must arrange a couple of things.”
b) Ali said to us, “Let’s go to Dubai.”
c) She said to me, “What are you doing?”
d) They said, “Alas! Our friend died last night.”
xiv. Change the voice of the following sentences.
a) Let her write a poem.
b) By whom was this done?
c) He has to buy a car.
d) Cricket is played by them daily.
xv. Spot the errors and do the correction of verb, preposition and adjective in the following
sentences.
a) They win the match last night.
b) Did you saw him yesterday?
c) Many peoples attended his funeral.
d) One of the player is absent today.
xvi. Do as Directed. (ANY 4)
a) Do you play cricket said Ali Punctuate
b) If I had a car, __________________________. Complete the given conditional sentence.
c) I called her many times. She did not answer Make a compound sentence.
the phone.
d) _______ I go to drink water? Insert modal verb showing permission.
e) My brother does not write letters to his Put the adverb “usually” in the right place
friends.
NORTH CAMPUS (P R E L I M 2 0 2 4 - 2 5) 3 X I - E N G L I S H (Sir Hassan)
S E C T I O N “C”
NOTE: Answer All Questions From This Section. All Questions Carry Equal Marks.
Q.3 Read the following passage and answers the questions that follow.
OR
Make a summary of the passage and suggest a suitable title to it.
Happiness is conducive to good health. Happy people are healthy people and healthy people are Happy
People. Happiness is a state of mind achieved by imbuing healthy affirmative thoughts, ideas and
feelings with negative thoughts one cannot be in a happy frame of mind. A prolonged state of unhappy
mind leads to poor mental health. Marriages are more successful when both husband and wife are
happy. Cheerful Businessmen are more successful then Pessimistic once. A happy person thinks better
performs better, sees and observes better, hears and feels better and has a relaxed mind and body.
Stomach, liver, heart, indeed all internal organs function better, when you are happy practice happy
thinking and release yourself from distorted thinking, which draws unhappiness towards you. You have
the innate capability to manage and overcome the pressures of worry, fear, anxiety and frustration
before they overwhelm you and lead to emotional and physical illness. Happiness and good health go
hand to hand and can be achieved by practicing happy thinking habits.
i. What are the distinctive features of a truly happy person?
ii. List four human concerns that cause the problem of mental and physical illness.
iii. Give a suitable title to the passage.
iv. Identify which ones of the following are regular or irregular verbs.
a) achieve
b) leads
c) thinks
d) manage
Q.4 Write a Formal Email to your college principal asking/requesting him/her to allow your
school to participate in Sindh Inter-College Speech Competition.
OR
Write a Report about student week held in the college. (Including events, day and dates)
Q.5 Write a narrative essay on The Last Day of School.
OR
Write an essay to compare and contrast on any one of the following topics.
i. Physical Classes V/S Online Classes
ii. Football V/S Cricket
iii. Online Shopping V/S Physical Shopping
iv. School Life V/S College Life
v. Android V/S iPhone
NOTE: Answer All Questions From This Section. All Questions Carry Equal Marks.
Q.3 Reading The Following Passage And Answer The Questions That Follow:
OR
Make a precis of the following passage and suggested suitable title to it:
One of the key benefits of using Facebook in teaching and learning its capacity to build the online
community. Face book can connect students with peers and teachers, involving the in communities: a
vital component of student’s success. For example; in Australia and Singapore, first year undergraduate
students participate in virtual discussion which help them to connect with their peers and reduce feelings
of loneliness and isolation. Research shows that socializing and connecting to others is a crucial
component of a satisfying tertiary experience. Thus, Face book can provide a valuable mode of social
interaction for students.
i. What is one of the key benefits of Face book in teaching and learning?
ii. How does Face book build the online community?
iii. What is meant by Virtual discussion?
iv. Give the meaning of the words 'Isolation' and 'socializing'.
Q.4 Write an email to the Principal of the college requesting him to arrange a program about
the impact of social media on the mental health of students.
OR
Write a report about 'Sports Week' or 'Meena Bazar' celebrated in the college.
OR
S E C T I O N “B”
(SHORT QUESTIONS ANSWERS) (20 Marks)
Q.2 Translate And Define Any THREE Verses And Hadith Given Below.
S E C T I O N “C”
(DETAILED QUESTIONS ANSWERS) (20 Marks)
NOTE: Attempt Any TWO (3) Questions. All Questions Carries Equal Marks.
Q.4 Describe the prophetHood and specialities of Prophter.
OR
Describe the seal of Prophet and Specialities of Holy Prophet (P.B.U.H).
Q.5 Write the importance of Fasting and its effects on human life.
OR
Write the importance of Zakkat and its economic and social benegits.
Q.6 Write down the importance of rights of people and the parents.
Q.7 Describe the life of Hazrat Imam Abu Hanifa or Imam Jaffar Sadiq.
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