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Important Questions for Section “B & C” Short & Detailed Answer Question ‘Three men invested in a business and they invested Rs. 2000, Rs. 4000 and Rs. 1500 as their capitals. ‘The profit was divided among them in the same ratio as the amounts invested by them. Ifthe profit was Rs. 300 what did each get 125kg of rice cost Rs. 3500. How much kg of rice can be bought for Rs, 2380. OR 20 mea can build a road 15km long in 18 days. How long will 25 men take f0 complete & 10km long road. At a supermarket the list prive of a shirt is Rs. 350, Find the prive ofthe shirt after the consecutive discounts of 15% and 10%. oR Find the selling price and profit ifthe cost of an item is Rs. 90,000 and the profit is 30%, ‘A gold chain is sold for Rs. 835 ata gain 25%. Find the cost price and profit. A bookseller gains 25% by selling a book for Rs. 325. Find the cost price ofthe bok & profit. RSD stb died meng X,Y and Zinihemto 2, regen ow mach wil ah get Distribute an anount of Rs, 1600 among. A, Band Cin the ration 2, 2 and + respectively ‘At present the ages of Khali atid Sohail are in the ratio of 4:3 respectively. In 6 years, Khalid will become 26 years old. How olds Sohail at present. A father's age is inthe ratio of 5:3 to that ofhis Son. Seven years ago the age of the father was 43; find the age of his son. A radio was sold for R. S600 if the ratio ofthe selling price to the cost price wits 54 ‘What vas the cost price ofthe radio? Express the profit a aratio of the cost price. Find the compound interest on Rs. 25,000 for3 years at 4% per annum compounded quartet or If an amounts invested at 8% per annum, compounded semi-annually find the eflective rate of intrest. How much should be deposited in 2 bank every year to create « fund of Rs. $0,000 at the end of 25 ‘years ifthe rate of interest is 5% compounded annually. TERS. §,000 is due 2 years from now and money is worth $% compound quarterly, Find the present value At what rate of simple interest will Rs 24,000 amount to Rs. 25.920 in 4 years and 10 months? A‘sum of money becomes double in 20 years at simple interest. In how many years wil it be triple Find the amount of an annuity. If Mr, Iqbal deposits Rs. 500 in a bank at the end of cach quarter for S Years, Ifthe interest rae is 8% compounded quarterly Deteemine the present value of an annuity of Rs, 10,000 at the end of each 6 month for S years at 12% compounded semi-annually (@) Find the distance between points (4, 8) and (6,7) (©) Find the equation of straight line in general form which passes through the poinis (9, 7) and (4, 11), Also find slope and intercept ofthe above equation, 19, Sotve the following equations ae 42-8 a beta ii x pode 20. "The sum of two comsscitve eld ntimtins ir 140), id thi members 21, Solve the folowing simultancous equations. 4 Sx 1 e 3 3-3 “1s 16 22. Solve the following quadratic equation 28(a) Conver the decimal number 789 into its equivalent binary number and the bi s-equivalent decimal number (©) Conver the decimal fra 0.1875 ta ts binary equivalent ii, 100100 = 1100 wv. 011010010 Subtract 1111111 from 11100811 vi. 1100011 - 100110 wit, 1010) 41101 —101tT (@) Convert the followit stumber into decimal numbers and decimal numbers into binary numbers. 1 Unto, t00.0101 3. 209.6875 4. $0395 Calculate the determinants, determine whether they are singular matrices 1-2 3 i394 i psd i bog bog hs Ks 4 . ii, bs 3 iv 3 i Ls -10 bag Solve the following equations using Cramer's Rule or matrices method saya 4x-3y46=0 ay-6e= t gepapeiSu0 4 be 3, a " Noah 1y=—tx [8 10) ¢4=[8 ll tien sind A". Also vetify 9 12 ° Find x,y & 2 so that fx 1 2) [a-x sy ol+| s 452][4 Pp 4] 48 | and B= | Is 6 -7 3] Show that: i) (Ax BY=B'x 4 Gi) 24438 7 5 7 on 4 9 Oo) WA=|3 6|,B | ana 5 14 ail Verify that: A x (B+C)=A xB+AxC SECTION 'B* (Short— Answer Questions) General Journal: Qi. The following are the selected arsastions relate to Mr. SMAK Seplember 1 Mr. SMAK commenced business with Cash Rs, 500,000 ‘September 5 Parehased tales suppites Rs. 20,000 for Cas September 10 Purchased two machines @® Rs 50,000 each on credit from Sarin Enterprises September 12 Deposited « choque int bank Re, 30,000, September 13 Sold Merchandise Rs, $0,000 recewwed a cheque of Ks.20,000 and Cash Fs. 30,000 September 15 Bank granted overdraft limit of Re. $0,000. September 18 Establish Petty Cash fund of Rs, 5.000 by cheque. September22 Goods given a free sample Rs. 5,000, September 30. Cash wae found shor by Re 200. REQUIRED, Recon the above transaction in standard fiom of general journal. 2. The following are the selected cvents of Kamean Traders. August Invested cash 4,00,000 office furniture Rs: 50,000, phetostate machine Re. $0,000 and a computer Rs, 70,000 the business. Augast4 Purchased merchandise from, Sharnall & Sons on credit Rs. 59,000 Trade discount 2% quantity discount $%6 and credit ve (2 %/ 15, 2160), AugustS Sold merchancise and received abil of exchange Rs. 100.000, ‘August 15 The business received an amount cf Rs. 8,000 on bills recsivable. ‘Auigist 19 aida cheque o Shamall & Sons after two weeks of parchase for full settlement of their account, ‘Avigast20 Paid by cheque advance salaries to employees Rs. 100,000, ‘August22 Goods lost by unloading Rs 2,000 ‘August25 _Recefved mcheque for commission in advance Rs. 50,000. ‘Augest31 Bank deducted cheque book chargcs Rs. 200. REQUIRED: Record the above transaction in General Journal Q5. Thefoliowing seloced transactions of Mr. A. K (Amir Kamran) Purchase git for owner relative Rt. 20,000 from busts Purchased office equipment wort fs 300,000, Rs, 100,000 was paid by cash and ‘remaining paid by owner personal bank account. Rebate isallowed by asupplice cn defective goods Rs. 2.000 Rebate i allowed to a customer oa defective goods Rs. 1,000 ‘Goods were lont By expiry date Rs, 10,000, Marchaindise was over by Rs. 200 Paid to 8 T-V channel for advertisement tobe shown in nest ‘wo morihs Rs. 200,000 by cheqe. Paid Octo, custom dury, import duty Rs. 1,000, Rs, 3,000 and Rs. 8,000 respectively on merchandise. paid rogular tea, coffee and lunch expenses of employees Rs. 30,000 10 "The hasiness took loan from HL Rs 300.000. REQUIRED: [Record the ove transactions in General Journal, GENERAL LEDGER Q.1. The following transactions were completed by Khuda Yar during the financial year January to December 31, 2013 ‘Commenced business with cash Rs 1,000 Purchased merchandise on account Rs. 2,500 ‘Retumed merchandise to supplice Rs. 250, Sold merchandise on account Rs. $000 ‘Customers returned merchandise RS, 100, Received cash from customers an account Rs. 2,000, Paid creditors on account Rs. 1,200 Pid for salaries expense Rs. 300. ‘x Paid for shop rent expense Rs. 150. Xx _ Purchased sales equipment for cash Rs 700 REQUIRED: ()Serspnecessary T-aceounts in general ledger and post the transaction direetly into the account affected completing the doubie entry in each case (©) Foot the accounts and enter the balance in appropriate columns. (6) Prepare apre-closing trial balance as of 31 January 31, 2016. ‘On July 1, 2014 Qazi started his business independently With an investment of Rs. 25,000 cash and office equipment worth Rs. 10.000. He completed the following Irarsactions during the ‘month: Sly Purcahsed merchandise on account rom Ahmed for Rs. 10,000 and paid for Carriage thereon Re, 300 eat tuys Rotumed mercnardise to Ahmed Rs. S00 aly 7 ‘Sold merchenciac on acct fe Hatnced Rs. 5,000, Suly 0: Cash purchases Rs. 3000, Sly 13: Hameed returmod merchanulise worth Rs. 200, Sly 18 ‘Qazi withdrew cash for his personel use Re. 300. July 21 Paid for salaries expense Rs 800, aly 24 Paid for advance sent fe. 400. duly 28 Piet Ahmed om accounts Rs. 4,000, uty 31 Roceived from Hanscod of uocount RS. 5,000 REQUIRED: @ ‘Setup nocessary T-accounts in general ledger of Qsai and post the above transactions diveetly into the accounis affected completing the double entry i each ease Foot the aceattd and exter the Belance ts appreptiats Golam. Teatthe neeuricy of your posting by taking ot Til Balmes on July 31, 2014 faving a complete Do practice from past papers (2014 (P), 2013 (R)(P), 2012 (P), 2011 (P) and 1998, 1996) CASH BOOK (THREE COLUMNS) on ‘On July, 2014 Yousuf had cash on band Re, $000 cash in bank Rs. 3,000. Dusting the month he completed the following transactions: July 3: Deposited cash into Bank Rs. 1,000 Suly 8: ad wages expense in Cash Rs. 200 July 10; Cash sales Rs. 1,200 July 12 Cash parctases Rs. 1,500 3aly 15: Received » cheque for Rs. 2,000 from Me. Qader deposited into the same into Bank the same day. July20: Received cash Rs. 270 from Mr. Aleem in full settiement ofhis account of Rs. 300 July25: Issued cheque in favour of MR. Akhtar for Rs. $00 in full settlement of his account of Rs, 320, aly 27; ‘Yousuf withdrew from Bank Rs, 20 for his personal use and Rs, 300 for office July 30: Received a cheque from Mr. Karim for Rs, $00 REQUIRED: @ o 92. Enter the cpening balances and record the above transactions in three-column Cash Book. Balance Cash Book on July 31, 2014 bringing down Cash ard Bank balance on August 1, 2014, ‘On October 1,2014 Khokhar had cash on hand Rs. $C0 and each in bank Rs. 3,000. During the ‘month, he completed the following transactions: October 2: Received a cheque from Mohsin for Rs, 115 ina full settlement of hs account of Rs. 125, ctober 8: Deposited the above cheque inthe bank. October 10: Issued « cheque for Rs, 20 to Ha in full scttement of bis account of Rs. 225. October 17: Sold merchandise for cash Ra, 1,000, October 19: Withdtew from bank for office use Rs, 400, October 22: Deposited cash in bank Rs. 500, ctober 27: Paid insurance premiums by cheque Rs. $00. Octobe 28: Paid for Rent expense in cash Rs. 200, Ociober 31: Withdrew from bank for personal use Rs. 100. REQUIRED: @ Cy Enter the opening balances and resord the above transactions ina three-columan Cash Book. Balance Cash Book on October 3), 2014 bringing down Cash and Bank balance on November 1 Mr. AkMlag sole trader uses three column cash book for his business. On June 1, 2014 hes bad ‘ash on hand Rs. 2.500 and cath in bank 3-500, Karin the month he completed the following face Received a cheque flom PARSA Co, for Rs. 240 and allowed them discount Re. June 11 Deposited PARSA Co,"s cheque in the bank Rs 240, Sane 15 Issued « cheque for Re, 250 to Emandar Co. in fll sctlement of thelr sccount of suane 22: Deposited cash into bank Rs. 1,000. dune 27: Withdrew from bark for persctal ue Rs. 300 Stine 3: ‘Withadtew cash from bark fr ofice use Rx. 500, REQUIRED: (a) Enter the cponing balances and record the above trnshctions in a three

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