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Accountancy & Auditing Papers 2015
FEDERAL PUBLIC SERVICE COMMISSION COMPETITIVE EXAMINATION FOR RECRUITMENT TO POSTS IN BS-17 UNDER THE FEDERAL GOVERNMENT, 2015 Accounting & Auditing - I TIME ALLOWED: THREE HOURS PART - I (MCQS): MAXIMUM 30 MINUTES PART - I (MCQS): MAXIMUM MARKS = 20 PART - II: MAXIMUM MARKS = 80 NOTE: (i) Part - II is to be attempted on the separate Answer Book. (ii) Attempt ONLY FOUR questions from PART - II, selecting TWO questions from EACH SECTION . ALL questions carry EQUAL marks. (iii) All the parts (if any) of each Question must be attempted at one place instead of at different places. (iv) Candidate must write Q. No. in the Answer Book in accordance with Q. No. in the Q.Paper. (v) No Page/Space be left blank between the answers. All the blank pages of Answer Book must be crossed. (vi) Extra attempt of any question or any part of the attempted question will not be considered. (vii) Use of Calculator is allowed. Q.3: Listed below are nine technical terms: (20)
these technical terms. For each statement, indicate the accounting term described, or answer “None” if the statement does not correctly describe any of the term. a. Buying assets with money raised by borrowing or by issuing preferred stock.Q.4: (a) Discuss the limitations of ratio analysis and why they arise. Do you think that they are so serious as to undermine the validity of this approach to the analysis of financial statements? (10) (b) Financial state ments are prepared to seek the financial position of an organization. How much the above statement is helpful to overcome the financial issues facing by an organization? Justify the above statement with solid reasons. (10) SECTION - B |
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FEDERAL PUBLIC SERVICE COMMISSION COMPETITIVE EXAMINATION FOR RECRUITMENT TO POSTS IN BS-17 UNDER THE FEDERAL GOVERNMENT, 2015 Accounting & Auditing - II TIME ALLOWED: THREE HOURS PART - I (MCQS): MAXIMUM 30 MINUTES PART - I (MCQS): MAXIMUM MARKS = 20 PART - II: MAXIMUM MARKS = 80 NOTE: (i) Part - II is to be attempted on the separate Answer Book. (ii) Attempt ONLY FOUR questions from PART - II, selecting ONE question from EACH SECTION A, B, C and D. ALL questions carry EQUAL marks. (iii) All the parts (if any) of each Question must be attempted at one place instead of at different places. (iv) Candidate must write Q. No. in the Answer Book in accordance with Q. No. in the Q.Paper. (v) No Page/Space be left blank between the answers. All the blank pages of Answer Book must be crossed. (vi) Extra attempt of any question or any part of the attempted question will not be considered. (vii) Use of Calculator is allowed. PART - II SECTION - A (COST ACCOUNTING) SECTION-B (AUDITING) Q. No. 4 (a) Explain the statutory rights and duties of a company auditor. (b) Explain “Internal controls of an organization”. What are the techniques used for the evaluation of internal control system? Discuss. Q. No. 5. (a) “Vouching is the essence of Auditing”. Explain. What special points would you keep in mind while vouching payments? (b) What is meant by a continuous audit? Why do you think this is necessary? SECTION-C (INCOME TAX LAW) Q. No. 6. (a) “What are the different types of perquisites enjoyed by the salaried individuals? Discuss. (b) Discuss in detail the tax treatment under the income tax ordinance, 2001 for the following facilities that are provided by employer to the employees. (i) Entertainment (ii) Loan to employees (iii) Accommodation (iv) Conveyance SECTION-D (BUSINESS ORGANIZATION AND FINANCE) Q. No. 8. What are Articles and Memorandum of Association? Explain the basic contents of these documents. Q. No. 9. Explain the following: (a) Liquidity and effect of short term loans on liquidity (b) Capital market and its instruments (c) Money market and its instruments (d) Role and functions of Commercial Banks **********
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The Following 3 Users Say Thank You to Last Island For This Useful Post: | ||
amit837 (Saturday, June 06, 2015), Chaudhary Sharjeel (Thursday, June 11, 2015), waqaswazir999 (Friday, February 12, 2016) |
#3
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please share answers of income statement and balance sheet of question number 8
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