Lahore Board
GROUP-I (2009)
Write any Twenty-Five short answer of the following question:
1)Define single entry system?
2)Define statement of affairs?
3)What is difference between statement of affairs and balance sheet?
4)What are non-trading concern?
5)Write the two major characteristics of non-trading concerns?
6)What are the source of income of non-trading concerns?
7)What is receipts and payments account?
8)What is income and expenditure account?
9)Define capital fund?
10)What is subscription?
11)Define consignment?
12)What is consignment account?
13)What is Del-credere commission?
14)What are abnormal losses?
15)Define depreciation?
16)Write the causes of depreciation?
18)What do you mean by fixed assets?
19)Give three examples of the account?
20)Which are the method of depreciation?
21)What are the advantage of depreciation?
22)What entry is passed for depreciation?
23)Define the term donation?
24)Define intangible assets?
25)Define fixed installment method of depreciation?
26)Define diminishing balance method?
27)Registered company has limited liability. Explain
28)What is share?
29)What is public limited company?
30)Define charted company?
31)What are the prospectus?
32)Define partnership?
33)Who is under=wright?
34)What is partnership deed?
35)Define nominal partner?
36)How the hidden goodwill is calculated?
37)Define the retired or outgoing partner?
GROUP-II (2009)
Write any Twenty-Five short answer of the following question:
1)What is performa invoice?
2)Define life membership fee?
3)Define trading concern?
4)Define depreciation?
5)What is double entry system of book keeping?
6)Define authorized capital?
7)Define public limited company?
8)Define partnership deed?
9)Define revalution account?
10)What is normal loss?
11)Define joint stock company?
12)Define articles of association?
13)What is the relationship between consignor and consignee?
14)What are the kinds of consignement?
15)Define debenture?
16)What do mean by capital fund?
17)Define fixed installment method of depreciation?
18)Define donation?
19)What is meant by dissolution of partnership?
20)What is sacrifice ratio?
21)What is consignment outward?
22)Define prospectus?
23)Who is consignor?
24)Define director?
25)What do you mean by statement of affairs?
26)Define subscription?
27)Define the diminishing balance method of depreciation?
28)How many partners are in partnership business?
29)Define goodwill?
30)What is the nature of consignment account?
31)Define subscription capital?
32)Write down the fundamental balance sheet equation?
33)Define issue of shares at premium?
34)What is the mesnt by del-creder commission?
35)Define fixed assets?
36)Why depreciation is charged?
37)Write the name of different method of treatment of goodwill?
GROUP-I (2008)
Write any Twenty-Five short answer of the following question:
1)What are the disadvantages of single entry system?
2)Define trading concern?
3)Define donations?
4)Write the two difference/between cash book, receipts and payments account?
5)Define life membership fee?
6)Who is called consignor?
7)What is meant by consignment account?
8)What is consignment outward?
9)What is relationship between consignor and consignee?
10)How many partners are in partnership business?
11)How partnership is dissolved with the help of court?
12)What is sacrifice ratio?
13)Define memorandum revaluation account?
14)Define memorandum of association?
15)Define ordinary shares?
16)Define issued capital?
17)Define debentures?
18)Define the fixed installment method of depreciation?
19)Define the term depletion?
20)What is the entry of depreciation?
21)Define prospectus?
22)What will be the entry for expenses paid by consignor in consignee's book?
23)What will be the entry for share applications money received?
24)What will be the journal entry for revaluation profit?
25)What do mean by capital fund?
26)Define special subscription?
27)What is meant by ordinary commission?
28)What is abnormal loss?
29)Define deferred shares?
30)Define authorized capital?
31)Define director?
32)Why depreciation is charged?
33)Define legacy?
34)Define company?
35)Define under-writer?
36)Define firm?
GROUP-II (2008)
Write any Twenty-Five short answer of the following question:
1) Define single entry system of book-keeping?
2)What is difference between statement of affairs and balance sheet?
3)What is meant by non-trading concern?
4)What is the income and expenditure account?
5)Differentiate between consignment and sale?
6)What is outward consignment?
7)What is over reading commission?
8)How is the unsold stock valued?
9)Define goodwill?
10)What is partnership deed?
11)What is mean by fixed capital method?
12)Write done the formula of computing goodwill under the average profit basis?
13)When goodwill is shared by old partners in their sacrificing ratio?
14)How the gaining ratio can be calculated?
15)What is meant by dissolution of partnership?
16)What are different kinds of registered company?
17)Define the charted company?
18)Who are the promoters?
19)Define prospectus?
20)What are different kinds of share capital of a company?
21)What are deferred ordinary shares?
22)What are meant by issue of share at part?
23)What are redeemable debentures?
24)Pass entry for issue of shares at discount?
25)What is scrap value?
26)Define original cost method of depreciation?
27)What are the advantages of original cast method of depreciation?
28)For which asset the reducing balance method of depreciation is suitable?
29)Write the name of different method of treatment of goodwill?
30)What is mean by honorarium in non-trading concern?
31)What is meant by capital fund?
32)Define consignment?
33)What is meant by inward consignment?
34)What is difference between account sale and sale account?
GROUP-I (2007)
Write any TEN short answer of the following questions:
1)Define non-trading concern?2)Define partnership?
3)Define consignment?
4)Define depreciation?
5)Define join stock company?
6)Define goodwill?
7)What is Del-credere commission?
8)Define debenture?
9)What does mean by account sale?
10)Who is minor partner?
11)Define surplus?
12)What is paid up capital?
13)Who is consignee?
14)What does mean by goodwill account raised?
GROUP-II (2007)
Write any TEN short answer of the following questions:
1)What is meant by non-trading concern?2)Define partnership?
3)Define capital fund?
4)What is an active partner?
5)What is a statement of affairs?
6)What is meant by the term Honorarium?
7)What is an account sale?
8)Define a public LTD. company?
9)What is an Articles of Association?
10)What is under-subscription of shares?
11)What is general reserve?
12)What is fluctuating capital method of maintaining a partner's capital account in a firm?
13)Calculate net profit or net loss of the business if opening capital is Rs.15600 closing capital is Rs.14000 drawing Rs.4800 additional capital Rs.2000.
14)What is diminishing balance or reducing installment method of charging depreciation?
Distinguish between statement of affairs and balance sheet?
GROUP-I (2006)
Write any TEN short answer of the following questions:
Write any TEN short answer of the following questions:
1)What is mean by account sale?
2)What is single entry system?
3)Define depreciation?
4)Who is consignee?
5)Define charted company?
6)Define good will?
7)What is mean by prospectus?
8)What is mean by insolvency?
9)What is mean by fixed installment of depreciation?
10)Define debentures?
11)What is commission?
12)Define authorized capital of join stock company?
13)What is mean by diminishing balance method?
14)Give any two examples of non-trading concern?
GROUP-II (2006)
Write any TEN short answer of the following questions:
Write any TEN short answer of the following questions:
1)What is meant by non-trading concern?
2)What is meant by consignment?
3)What are debentures?
4)What is meant by wear and tear?
5)What is meant by Del-crederes commission?
6)What is meant by legacy?
7)What is commission?
8)Who is consignee?
9)Define balance sheet?
10)Write done any two advantage of single entry system?
11)What is meant by the fixed installment method of depreciation?
12)If the capital at the beginning is Rs.5000 and capital at the end of year is Rs.8000, find profit or loss?
13)Write down the formula of sacrifice ratio?
14)Write down the formula of calculated sacrifice ratio firms goodwill under average profit method?
