Summer 13

Summer Exam-2013
PUBLIC SECTOR
New Accounting Model (NAM) [29-04-2013]
(Common to all)
Subjective Marks-75 Duration: 2 hrs. 15 Mins.
[Instructions]
 Ensure that the question paper delivered to you is the same, in which you intend to appear.
 Read the instructions given on the title page of Answer Script.
 Quote reference of relevant para/section with the name of relevant manual.
 Start each question from fresh page.
Books Allowed:
 Accounting Policies and Procedures Manual (APPM)
 Manual of Accounting Principles (MAP)
 Chart of Accounts (CoA)
Part ‘A’
Q.1. (a) Codify (Only codes, no write up) the followings, using COA. Give exact 12
reference from the COA on the pattern (Ref. COA, Chapter Title, page)
(i) Non Food Account
(ii) Entity Element of Federal Planning Commission
(iii) Purchase of Diplomatic Cars
(iv) Organs of merged states Dir, Chitral, Swat Industries
(b) Give the structure of Object Element and Fund Element with at least one 12
example for each element.
Q.2. (a) Comment on the following actions what violations have been committed and of 08
which provision of the procedure:
(i) DDO of Police Department made cash payment of salary to the grade
16 employees
(ii) Monthly salary and allowances were paid by XYZ Department to its
employees through DAO XYZ on 5th of the following Calendar month
(First being Sunday and second being gazzetted holiday)
(b) Federal Government incurred Rs. 65,000/- on behalf of the Provincial 08
Government Balochistan. Give necessary entries in the Balochistan Accounts on
the following occasions.
(i) Recognition of Inter-entity when transaction is passed from AGPR to
AG Balochistan
(ii) On receipt of clearance from bank regarding cash transfer from AG
Balochistan to AGPR
Contd. on back
2
Part ‘B’
Q.3. (a) Give specific provision of Law empowering Auditor General of Pakistan to give 07
information and undertake studies.
(b) Give specific provision of Law regarding which organizations to work under the 07
Controller General of Accounts.
(c) Give the year end Accounting Policy for Public Account Balances. 07
OR
Give the year end Accounting Policy of General Ledger Revenue Expenditure
and receipts of the Consolidated Fund.
Q.4. (a) Who is required to maintain records relating to GP Fund Ledgers and updating 07
it monthly?
(b) How would the Pension to a Pakistani Retired Government servant, who is 07
now a resident in another Country, be made?
OR
For how long period after the death of a Pensioner, his/her legal heirs can apply
for the payment of Pensioner’s arrears?
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Summer Exam-2013
PUBLIC SECTOR
Financial Audit Manual (FAM) [02-05-2013]
(Common to all)
Subjective Marks-75 Duration: 2 hrs. 15Mins.
[Instructions]
 Books are not allowed.
Attempt all questions from Part-I and any two from Part -II
Part-I
Q.1. You have been appointed as Chief Finance and Accounts Officer in the Federal (15)
Ministry. State your role in the working of the Federal Ministry.
Q.2. (a) You are carrying out regularity audit of government entity XYZ. List the nature of (07)
audits that can be undertaken for this purpose.
(b) You have selected items for tests of details. Describe four audit (08)
techniques/procedures that you will apply to individual transaction that make up an
account balance.
Q.3. (a) You are assigned compliance with authority audit of an audit area relating to (08)
expenditure and borrowing. List the compliance with authority objectives for the
purpose.
(b) DAGP is in process of issuing an adverse opinion on the financial statement of a (07)
foreign funded project. Some members of the National Assembly have approached
the DAGP to get the audit opinion modified.
Comment on the above situation in the light of DAGP auditing standards/code of
ethics.
Part-II
Q.4. (a) Describe eight values held by the DAGP. (08)
(b) Define audit risk and its components. (07)
Q.5. (a) Describe the general standards for an Internal Control Structure. (07)
(b) Define the following: (08)
(i) Most Likely Error (ii) Known Error
(iii) Further Possible Error (iv) Upper Error Limit
Q.6. (a) What is the purpose of Management Representation Letter? List standard content (08)
of a management representation letter.
(b) What is meant by Audit Opinion? State the circumstances in which an auditor (07)
expresses a ‘Qualified Opinion’.
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Summer Exam-2013
PUBLIC SECTOR
Performance Measurement (30.04.2013)
Duration: 3 hrs. Marks-100
[Instructions]
Attempt all Questions
Q.1. The following information for 20X3 was given for Glow Company:
Units of finished product produced 15,000 units
Direct material quantity standards 3 units of direct materials per unit of finished product
Direct material used in production 50,000 units
Direct materials purchased 60,000 units
Direct materials standard price per unit Rs. 1.25
Actual direct material price per unit Rs. 1.10
Direct labor efficiency standard 2 direct labor hours per unit
Actual direct labor hours worked 30,250 hours
Direct labor standard wage rate Rs. 4. 20 per hour
Direct labor actual wage rate Rs. 4. 50 per hour
Required:
a) Direct materials price variance (03)
b) Direct materials usage variance (04)
c) Direct labor efficiency variance (04)
d) Direct labor rate variance (03)
Q.2. Define the following terms:

a) Factory overhead efficiency variance (03)
b) Factory over head spending variance (03)
c) Target cost (03)
d) Simplex method (03)
e) Learning curve theory (03)
f) Planning variance (02)
Q.3. The production department of Crystal Manufacturing Company must make a product mix
decision in the light of shortage of direct materials.
The following data is available for products X & Y:
Product X Product Y
Selling price per unit Rs. 12 Rs. 10
Direct materials Rs. 4 Rs. 2
Direct labor Rs. 1 Rs. 3
Variable FOH Rs. 3 Rs. 8 Rs. 2 Rs. 7
Contribution margin per unit Rs. 4 Rs. 3
Number of pounds of direct material required per unit 2 1
Maximum sales in units 2,000 5,000
Required:
Determine the number of units of product X and product Y to be produced if only 8,000 (10)
pounds of direct materials are available.
Contd. on back
2
Q.4. A company has a contribution margin ratio of 36%. Breakeven sales are Rs 160,000. The
company earned profit of Rs. 28,800 during the year.
i) Fixed Expense (03)
ii) Sales for the year (03)
iii) Variable Expense for the year (03)
iv) Margin of Safety Ratio (03)
Q.5. A company has two divisions; A & B. Division A produces an electrical circuit that is used in
the finished product of Division B.
The costs of producing the circuit are variable costs of Rs. 4 per circuit & fixed costs of Rs. 1
per circuit. Division A has the capacity to produce 100,000 circuits each period. The prevailing
market price is Rs. 7 per circuit for the 40,000 circuits that Division A sells to outside
customers.
For Division B in addition to the transfer price of the circuit, there are additional costs of
Rs. 10 per unit. The selling price of the finished product is Rs. 20 per unit. Uptil now,
Division B bought 60% of Division A’s output at a negotiated price of Rs. 6.50 per circuit.
But now a new transfer pricing method must be developed. Two suggestions were made for
the new transfer pricing method:
i) To add 35% to the total cost of the circuit when transferring to Division B
ii) To use the variable cost of Rs. 4 per circuit in arriving at a transfer price
Using the above information & the two suggestions, determine the gross profit per finished
unit for Division B according to the five transfer pricing methods:
a) Negotiated price (04)
b) Variable cost (04)
c) Full cost (04)
d) Full cost plus (04)
e) Market price (04)
Q.6. a) A company commenced business on January 1, 20X3, with the following assets:
Rs.
Cash 45,000
Stock 94,000
Warehouse, Office & Equipment 800,000
All equipment has a useful life of 20 years & no residual value. First quarter sales are
expected to be Rs. 360,000 & should be doubled in the second quarter. Third quarter
sales are expected to be Rs. 1,080,000. One percent of sales is considered to be
uncollectible. The gross profit margin should be 30%. Variable marketing expenses
(except uncollectible accounts) are budgeted at 12% of sales & fixed marketing expenses
at Rs. 48,000 per quarter, exclusive of depreciation. Variable administrative expenses are
expected to be 3% of sales & fixed administrative expenses should total Rs. 34,200 per
quarter, exclusive of depreciation.
Required:
Forecast Income Statement for the second quarter. (12)
Contd……
3
b) Company XYZ has 6 standard products from stainless steel and brass. The company’s
most popular product is Product XX. The following are Product XX’s data for next year
budget:
Cost pool
Activity Cost Driver Cost driver volume/yr
(Rs.)
Purchasing Purchase orders 1,500 75,000
Setting Batches produced 2,800 112,000
Materials handling Materials movements 8,000 96,000
Inspection Batches produced 2,800 70,000
Machining costs Machine hours 50,000 150,000
Purchase orders 25
Output 15,000 units
Production batch size 100 units
Materials movements per batch 6
Machine hours per unit 0.1
Required:
Calculate the Budgeted Overhead Costs using Activity Based Costing Principles. (15)
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Summer Exam-2013
PUBLIC SECTOR
Bus. Com. & Beh. Studies (01-05-2013)
Duration: 3 hrs. Marks-100
[Instructions]
Q.1. Give examples of the following parts of a letter. 02

(i) Professional Title
(ii) Salutation
(iii) Complementary Close
(iv) Reference Section
Q.2. One of your employees has applied for 4 months advance salary to meet his wedding 08
expenses. Your organization policy does not allow this. Write a refusal letter. You may
assume necessary details.
Q.3. What are the functions of a Sales Promotion Letter? 03
Q.4. Your company outsourced “IT Training” for your staff to ABC company. After 07 days 08
of training the feedback you received is negative. Write a complaint letter to the training
firm highlighting the negative feedback areas. You may assume necessary details.
Q.5. Do as directed. 04
(i) It was known by all the buyers that the seller will definitely negotiate the price.
(Remove wordiness)
(ii) The total amount of revenue earned and expenses made can be conveniently
found on page 10 of this report. (Make concise)
(iii) Mr. Khalid, we would like to congratulate you on your success in achieving the
sales target. (Convert to, you attitude)
(iv) You did not read the instruction manual. So you can not claim anything.
(Make courteous)
(v) There were a very large number of applications. (Use concreteness)
Q.6. Assuming yourself as a manager HR, write a report on the poor performance of staff
suggesting to the Director as to what measures should be taken to improve employees 13
performance.
Q.7. Define the following Marketing Terminologies: 12
(i) Ready Business

(ii) Forward Business
(iii) Speculation
(iv) Flat Yield
(v) Bull Support
(vi) Haggling
Cont. on back
2
Q.8. (a) What is “Job Enrichment”? How does it benefit an employee and organization? 06
(b) What are the assumptions of managers, under theory Y? 04
Q.9. Discuss Two – Factor theory of motivation in an organizational setting. 08
Q.10. How does Work Interdependence and Goal Difference raises conflict in an 07
organization?
Q.11. Write an essay on “Impact of Law & Order on Economic Growth”. 13
Q.12. Read the given text and answer the following questions: 12
Google has retaken the role of superstar of the tech sector with a stunning stock rally as
rival Apple flounders. Google has hit fresh all-time highs in recent weeks, and closed Friday
at $831.52, capping a nearly tenfold rise from its public offering price in 2004 of $85. The
stock is up about 17 percent so far in 2013. Part of the explanation comes from the rise of
its Android mobile operating system, at the expense of Apple. Android is free but gives
Google the opportunity to deliver more services and ads to users.
The negativity that is surrounding Apple at the moment is giving positivity to Google.
Apple, which traded as high as $700 last year, has slumped more than 35 percent and ended
Friday at $431.67. For Google, there’s a lot going forward at the moment, Milanesi, an
analyst told AFP, noting that the company is successfully getting consumers into their
ecosystem. Google now appears poised to beat Apple to the symbolic level of a $1,000
share price, say some analysts. Analysts at Jefferies said Google set a price target for Google
at $1,000, saying it has been benefiting from a wide range of services beyond its traditional
Web search ads, including shopping and mobile ads.
Google looks well positioned for growth with the number one market share in large, rapidly
growing markets. Google remains the top Internet search engine and leading advertising
platform. Android now has a 70 percent share of the smart phone market, which ensures
that Google retains a large share of the mobile search market.
Another reason that investors are excited about Google’s stock is the fact that more than 50
percent of its revenues are generated from markets outside the United States. This means
that Google’s revenues have ample exposure to Asia, Africa and Latin America, all of which
are expected to grow at an accelerated pace over the next few years. A shift to the Mobile
Internet is positive for Google, which is also producing its own hardware, including smart
phones and tablets. We are more constructive (less fearful) on Google’s ability to maintain
strong growth during the mobile usage shift and we see opportunity for revenue
acceleration.
Google has been able to tweak its Ad Words software, which delivers commercial messages
based on a user’s profile, to squeeze more revenues from mobile than it has until now,
analysts say. Google is also starting to see potential for YouTube, the video sharing service
that has produced little revenue until now. The Mountain View, California company has
been working on other projects, including its own high-end Chrome book Pixel laptop
computer and Google Glass, the wearable device expected later this year.
(a) Suggest a suitable title of the above text.
(b) Why the prospects of Google share prices are high?
(c) What is the geographical structure of Google’s market share and how
does it effect?
(d) How do you see future of Google?
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Summer Exam-2013
PUBLIC SECTOR
Cost & Management Accounting [01.05.2013]
(Commercial Audit)
Subjective Marks: 75 Duration: 2 hrs. 15 Mins.
[Instructions]
Q.1. Due to a National agreement, you find that wage rates for skilled workers are to
increase by 50% over the budget figures. There is a shortage of such skilled workers
and it takes over a year to train new recruits adequately. The managing director has
asked you for advice as to which order of priority on the product range would give best
use of the skilled labour resources available. The cost of unskilled labour, of which
there is no shortage, will go up by 20% over budget.
The original budget figures for the next period, before allowing for increases in labour
cost detailed above, were:
Product V W X Y Z
Maximum production in units 3,000 4,000 6,000 7,000 9,000
Selling price per unit Rs. 160 Rs. 150 Rs. 180 Rs. 150 Rs. 300
Variable cost per unit
Material 30 50 40 70 60
Skilled labour Rs. 8 per hour 40 40 60 20 80
Unskilled labour Rs. 4 per hour 20 20 10 10 40
Variable overheads are recovered at the rate of Rs. 2 per labour hour. The skilled
labour available amounts to 130,000 hours in the period and fixed cost is Rs. 3,45,600.
Required:
(i) To calculate the product mix which would result is the maximum profit. 20
(ii) To comment on the results of the revised budget. 03
Q.2. N Ltd’s Chief Executive believes the company is holding excessive stocks and has
asked the management accountant to carry out an investigation.
Information on the two stock items is given below:
Administration
Stock Purchase price Demand Holding cost per year
cost Rs. per
item Rs. per unit units % of purchase price
order
G 200 80 15,000 Per year 13.33
H 25 28 2,800 per year 8.00
The company’s stocks ordering policy is based on the Economic Order Quantity
(EOQ).
Required:
(i) Determine the number of orders per year that the company will place for item G. 04
(ii) Determine the annual holding cost of the stock of item H. 03
Contd. on back
2
Q.3. The following particulars have been obtained in respect of retail business of Lucky Ltd
for the three months ending March, 2010.
(i) Working capital as on 1st January, 2010 has been estimated as follows:
Rs.
Cash and bank balances 10,900
Debtors 51,400
Creditors 42,200
Outstanding expenses 4,000
Dividend due 9,700
Tax due 6,400
Stock 26,000
(ii) Budgeted Profit statement at the end of each month :
January February March
(2010) (2010) (2010)
Rs. Rs. Rs.
Sales 42,000 36,000 34,000
Cost of Sales 32,700 28,100 26,600
Gross Profit 9,300 7,900 7,400
Administrative, Selling and Distribution expenses 6,300 5,400 5,100
Net Profit before tax 3,000 2,500 2,300
(iii) Budgeted balance at the end of each month:

January February March
(2010) (2010) (2010)
Rs. Rs. Rs.
Stock 24,000 22,000 20,000
Debtors 52,000 50,000 47,000
Creditors 40,000 39,000 38,000
Outstanding Expenses 4,000 4,000 4,000
Dividend due 9,700 Nil Nil
Tax due 6,400 6,400 6,400
Note:
Depreciation amounting to Rs. 1,700 has been included in the budgeted expenditure of
each month.
Required:
Prepare a cash budget on receipts and payments basis by months upto March, 2010. 16
Q.4. Jumbo Enterprises manufactures one product, and the entire product is sold as soon as
it is produced. There are no opening or closing stocks and work in progress is
negligible. The company operates a standard costing system and analysis of variances is
made every month. The standard cost for the product is as follows:
Rs.
Direct material 0.5 kgs. at Rs. 4 per kg 2.00
Direct wages 2 hours at Rs. 2.0 per hour 4.00
Variable overheads 2 hours at Rs. 0.30 per hour 0.60
Fixed overheads 2 hours at Rs. 3.70 per hour 7.40
Standard Cost - 14.00
Standard Profit - 6.00
Standard Selling Price - 20.00
Contd…..
3
Selling and administration expenses are not included in the standard cost and are
deducted from profit as a period cost.
Budgeted output for April 2011 was 5,100 units.
Actual results for April 2011 were as follows:
 Production of 4,850 units were sold for Rs. 95,600
 Materials consumed in production amounted to 2,300 kgs. At a total cost of Rs. 9,800
 Labour hours paid for amounted to 8,500 hours at a cost of Rs. 16,800
 Actual operating hours amounted to 8,000 hours.
 Variable overheads amounted to Rs. 2,600
 Fixed overheads amounted to Rs. 42,300
 Selling and administration expenses amounted to Rs. 18,000
Calculate: 14
(a) Material Price Variance
(b) Material Usage Variance
(c) Labour Rate Variance
(d) Labour Efficiency Variance
(e) Variable Overhead Expenditure Variance
(f) Variable Overhead Efficiency Variance
(g) Fixed Overhead Expenditure Variance
Q.5. The Alpha Co. Ltd., is considering the purchase of a new machine. Two alternative 15
machines (A and B) have been suggested, each costing Rs. 400,000, Earnings after
taxation are expected to be as follows:
Cash Flow
Machine A Machine B
Year
Rs. Rs.
1 40,000 120,000
2 120,000 160,000
3 160,000 200,000
4 240,000 120,000
5 160,000 80,000
The company has a target of return on capital of 10%.
Required:
Compare the profitability of the machines and state which alternative you consider
financially preferable.
Note:
The present value of Re. 1 due in one year time at 10% = 0.91
The present value of Re. 1 due in two years’ time at 10% = 0.83
The present value of Re. 1 due in three years’ time at 10% = 0.75
The present value of Re. 1 due in four years’ time at 10% = 0.68
The present value of Re. 1 due in five years’ time at 10% = 0.62
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Summer Exam-2013
PUBLIC SECTOR
Sales Tax & Federal Excise [01.05.2013]
(RRA Branch)
Subjective Marks-80 Duration: 2 hrs. 30 Mins.
(Instructions)
Books Allowed:
 Sales Tax Act 1990  Federal Excise Act.2005
 Sales Tax Rules 2006  Federal Excise Rules 2005
Sales Tax
Q.1. Mr. Amjad is an importer. Data regarding his business for September Quarter is as
under:
Rs.
Invoice value of imported goods 350,000
Value determined for customs duty at import stage 450,000
Customs duty 150,000
Federal Excise duty 50,000
Taxable supplies to registered person 800,000
Calculate sales tax liability 16
Q.3. Comments on the following:

(i) Sales Tax is a tax levied by the Government under the Sales Tax Act, 1990. 04
(ii) A registered person shall not be entitled to reclaim or deduct input tax paid. 04
(iii) A registered person making a taxable supply shall issue a serially numbered 04
tax invoice at the time of supply of good containing some particulars.
(iv) A person who fails to issue an invoice, he shall pay a penalty. 04
Q.2. Explain the following:

(i) Exemption 08
(ii) Is statutory audit necessary for sales tax? 08
Federal Excise
Q.4. Explain the adjustment of excise duty as has been provided in the Federal Excise 16
Act 2005
Q.5. What are the provisions of Federal Excise Act, 2005 with regard to levy and 16
collection of excise duty?
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Summer Exam-2013
PUBLIC SECTOR
Customs & other Indirect Taxes [02.05.2013]
(RRA Branch)
Subjective Marks-80 Duration: 2 hr. 30Mins.
(Instructions)
Books Allowed:
1. The Customs Act, 1969 (amended upto last Budget) 5. Import Policy Order (Latest)
2. Pakistan Customs Tariff (amended upto last Budget) 6. Export Policy Order (Latest)
3. Customs Rules, 2001 (amended upto last Budget) 7. Income Tax Ordinance, 2001 (Part-V Sections 147 to 158)
4. Manual of Customs Audit
Customs
Q.1. Mr. Aslam imported 50 Car engines valuing Rs. 5,000,000 in CKD from Japan, 18
including CIF charges. Please calculate customs duty and other taxes on this import.

a) All imported cargo entered into customs area for clearance shall be accompanied 05
with a copy of packing list and invoice which shall be placed on the inner side of
the container.
b) A DTRE user may dispose of the input goods through local sale. 05
c) If any licensee fails to give proper account of warehoused goods, input goods or 05
finished goods to the satisfaction of an officer of customs, the licensee shall pay on
demand an amount equal to payable duties and taxes.
d) All Government dues shall be referred to the Recovery Officer if referring authority 05
is satisfied that these are not recoverable in any other manner.
Q.3. Write short notes on the following:

a) Smuggling 06
b) Taxability is created by Legislature 06
c) Exports to Afghanistan 06
Indirect Taxes
Q.4. What is petroleum levy and how it is collected? 12
Q.5. Define the following:

a) Royalty on LPG 06
b) Discount retained 06
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Summer Exam-2013
PUBLIC SECTOR
Pay, Pension & TA Rules (Practical) [30.04.2013]
(Defense Audit Branch)
Subjective Marks-38 Duration: 1 hr. 15 Mins.
[Instructions]
Books Allowed:
 Pay & Allowances Regulations Vol I & II  Military Leave Rules  Relevant Military Accts. Dept. Manuals & Procedures Code
 Pension Regulations Vol I, II & III  Passage Regulations  CSR (Pay & Pension rules applicable to PMAD)
 Supplementary Rules (in FR & SR)  Accounts Manual  Pay Accounting in Fields Service- general Instructions
 Financial Regulations Parts I & II  Regulation for PAF, PN, Army in Pakistan (Rules & Instructions)
Q.1. (i) Muhammad Aslam N/Sub (X-2) who moved over to X-3 pay scale -1994 and in 05
receipt of Basic Pay Rs. 4,845/- PM what pay will be fixed in X-2 pay scale – 2001
w.e.f. 1-12-2001.
(ii) Sub Major Muhammad Aslam drawing pay in X-4 scale Rs. 11,170/- PM and he
was promoted to the rank of HCO w.e.f. 4-8-2005 and opted for
re-fixation of Pay on 1-12-2005:
Required: 05
a) Fixed pay of SM on 4-8-2005
b) Re-fix pay of SM on 1-12-2005
Q.2. Lt. Col. Muhammad Azam posted in GHQ RWP. is transferred to Multan Cantt. 10
as commanding officer of the unit. His family comprises one daughter aged 20
years, one son aged 17 years. He travelled along with family by train.
Explain his entitlement of TA/DA according to given data.
Q.3. Explain the kinds of DSOP fund advances and what grounds under which the 10
said advances can be granted.
Q.4. (i) Work-out the admissibility and rates of special family pension in the following 04
conditions:
a) If the deceased officer has left widow(s), two minor children and parents.
b) If the deceased officer has left only parents and there is no widow(s) or
children.
(ii) Work-out the admissibility and rates of dependent pension in the following 04
conditions:
a) If the deceased has left parents and children but no widow(s).

b) If the deceased officer has left neither widow(s) nor children nor parents.
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Summer Exam-2013
PUBLIC SECTOR
Pay, Pension & TA Rules (Theory) [30.04.2013]
(Defence Audit Branch)
[Instructions]
Q.1. Explain the salient feature if pay and allowance DSP/DSOP fund and TA/DA of 10
Army Officers/JCOs/OR in the following occasions:
i) Prior to revise system of pay accounting
ii) After RSPA
iii) Changes after RSPA
Q.2. What pay and allowances are admissible to Commissioned Officers during: 10
i) Casual Leave
ii) Privilege Leave
iii) Furlough Leave
iv) During Tuberculosis Treatment
Q.3. Explain the following: 10
i) Big cities where special rates of DA is admissible.

ii) Entitlement of Military servant to rail accommodation in categories I, II, III & IV.
Q.4. What do the following stands for U/M abbreviation: 08

i) RSPA ii) MT iii) OR iv) NCO
v) JCO vi) DSPF vii) DSOPF viii) CNA
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Summer Exam-2013
PUBLIC SECTOR
Works (MES) Stores (Practical) [01-05-2013]
[Instructions]
Books Allowed:
 MES Regulation  Financial Regulations Vol – I & II  Military Audit Code
 MES UA Manual  Store Accounting Instructions (SAI)  Office Manual – III
 LAO Handbook Vol – I & II  Quarters & Rents  LA Manual
Part - I (MES)
Q.1. What are the duties of Director of Design and Consultancy? 03
Q.2 Describe the procedures regarding calling and acceptance of Tenders in MES? 03
Q.3. CMES Multan sold 10,000 kg steel 7/8” 60-Gde to housing department GHQ as 02
per details given below stock book rate:
Total steel sold – 10,000 kg
Sch. “B” rate – 30 per kg
Stock book rate – 40 per kg
Market rate at that time 60 per kg
Was action of CMES in order? Rates charged were correct or otherwise?
Q.4. Describe the details procedure for maintaining the contractor Ledger by UA 03
MES?
Q.5. What is the procedure for recovery of rent for reserved accommodation? 04
Q.6. (i) An officer has vacated the Govt. accommodation due to his long absence 02
from the duty station and left his effects at that station. How these will be
stored?
(ii) What are the rules for hiring of houses for Army Officers? 02
Part - II (STORES)
Q.7. Write short notes on the following: 06
a) Rates for NIV stores
b) Vocabulary rates of fodder
c) Free issue rates of vegetable
Contd. on back
2
Q.8. (i) An army aircraft which contained some equipments worth Rs. 2 million 01
crashed in air due to some defects. How the loss will be regularized and by
whom orders?
(ii) Targets amounting to Rs. 65,000 were purchased out of Spl. ATG. These 01
were destroyed during practice. How the loss will be regularized?
(iii) 100,000 kg grain was crushed by CFM No. 5 Multan and charged off 01
1,400 kg as loss in crushing. Was it in order?
Q.9. What are the general instructions regarding losses of stores in transit? 03
Q.10. What are the bonafied purposes for which loans can be granted to tenant of 02
Military farm Okara?
Q.11. Describe the procedures for preparation and finalization of loss statements? 03
Q.12. What action will be taken if the tenders received are not acceptable? 02
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Summer Exam-2013
PUBLIC SECTOR
Works (MES) Stores (Theory) [01-05-2013]
Subjective Marks-38 Duration:1 hr.15 Mins.
[Instructions]
Part - I (MES)
Q.1. Write down the authority competent to make transfer of fund and how these (03)
are regulated?
Q.2. List out the various types of contracts being concluded by MES for (03)
execution of their services?
Q.3. What are the stock book rates and how these are adjusted? (02)
Q.4. What checks will apply by LAO while auditing the store in hand ledger of a (02)
GE Office?
Q.5. a) In case accommodation is not available what special arrangement can be
made for an officer? (02)
b) Give rules regarding recovery of rent in cases of promotion/demotion (03)
of an officer?
Q.6 What points will be seen by the unit Accountant of MES office in annual (02)
occupation return?
Part - II (STORES)
Q.7. Can supplies and services be obtained other than tendering system? Give (03)
details.
Q.8. Write short notes on the following: (06)
a) Price Variation Clause
b) Claiming of Cash Discount
c) Propriety Items
Q.9. (i) What are the powers of COAs in respect of Armed Forces Cash losses (01)
(ii) What are the cannons of Financial Propriety? (02)
(iii) What are the duties of Financial Advisors to the services? (02)
(iv) What points will be seen by the LAO during his periodical visits to (02)
units with reference to stock verification?
Q.10. How the losses of stores will be classified under various headings? (02)
Q.11. Write a detail note on expenditure subject to pre or post-audit? (03)
Summer Exam-2013
PUBLIC SECTOR
Public Works Accounts Rules & Procedures (Practical) [01.05.2013]
(GAA Branch)
(Instructions)
Books Allowed:
1. CPWA Code 4. Books of Forms referred in CPWA code 6. Chart of Accounts

2. CPWD Code 5. Accounts Code Vol - III 7. Audit Manual
3. Audit Code
Q.1. What do you know about the terms and conditions of formal agreement for 09
grant of Secured Advance to the Contractor? Discuss in detail.
Q.2. Describe the importance of Measurement Book and Muster Rolls. What are the 09
detail procedures for conducting audit of these documents?
Q.3. Post the following transactions in the Cash Book of Divisional Officer of 20
Public Works Department for the month of March 2013 and close it:
Date Description Amount Rs.

28-2-13 Closing Contents:
i) Cash 160,000.00
ii) Temporary advance with Sub- Engineer Awais Khan 120,000.00
iii) Cheque No. 057470 Dated 28-2-13 drawn for self laying in the chest 170,000.00
iv) Postage Stamps 5,000.00
v) Revenue Stamps 500.00
01-03-13 Payment made to daily labourers (Repair of Roads) 106,000.00
08-03-13 Payment made to the contractor through Cheque No. 057471 for the work
“Construction of Roads”
i) Amount of Bill 750,000.00
ii) Less 10% against Bad Work
iii) Less 10% Security.
iv) Less 6% Income Tax
15-03-13 Imprest given to Sub-Engineer Junaid Khan 111,000.00
15-03-13 Amount of temporary advance rendered by Sub-Engineer Awais
i) Expenditure as per Muster Roll for repair of Building 109,850.00
ii) Cash returned 10,150.00
18-03-13 Cheque No. 047422 dated 30-12-12 cancelled 40,000.00
22-03-13 Cheque No. 047399 dated 30-11-12 renewed 195,000.00
26-03-13 Cheque No. . 057472 drawn for self for chest 123,000.00
27-03-13 Sub-Engineer Junaid paid & recouped full imprest against contingencies
29-03-13 Payment made to work charges establishment (Repair of Road) 40,440.00
29-03-13 Cash received on account of sale proceed of Trees 10,680.00
29-03-13 Cash found Short 430.00
***********************
Summer Exam-2013
PUBLIC SECTOR
Public Works Accounts Rules & Procedures (Theory) [01.05.2013]
(GAA Branch)
(Instructions)
Q.1. Write short notes on the following:

(i) Kinds of Deposits Transactions of the Public Works Department. 05
(ii) Temporary and Work Charged Establishment 05
(iii) Destruction of Records 04
Q.2. What are the salient features of scheme of departmentalization of Pakistan 12

Public Works Department with regard to Account and Audit?
Q.3. What are the sources for receipt of stock and purposes for issue of such 12
stock? Describe the detail procedure for issue of stock.
***********************
Summer Exam-2013
PUBLIC SECTOR
Open Line Workshops & Stores (Practical) [02.05.2013]
(Railway Audit Branch)
Subjective Marks-75 Duration: 2 hrs.30 Mins.
(Instructions)
Books Allowed:
 An Introduction to Accounts & Audit (Chapter31)  Railway Audit Manual
 State Railway Code for Mechanical Department  Public Purchase Procurement Rules, 2004
 State Railway Code for Stores Department  PR-GPF and Group Insurance Rules
 Modernized Accounting Procedure Manual (Chapter 10, 11, 12 and 16)
Q.1. (a) What is a Work Order? Describe important points to be seen before issuing Work Orders. 7.5
(b) From the information given below, make entries in the Work Order Register: 7.5
Work Order No. 2516 date 12.03.2013

From Divisional Engineer, Rawalpindi
To WM/Bridge Workshop Jhelum
Description of Work Fencing of Saloon Yard 950 meters
Date of commencement 25.03.2013
Date of Completion 26.04.2013
Revenue Grant for the year 2012-13 has been appropriated for this purpose. You are also
required to correctly mention the classification of expenditure
Q.2. Write a comprehensive note on ‘Bidding Documents’? Describe essential elements that must not 15
be excluded from the bidding documents.
Q.3. The stock verification of General Stores, Mughalpura is in progress. You are required to guide the 15
stock verifier whether some items may be excluded from verification or not? Also explain him, his
duties.
Q.4. What is Workshop Manufacturing Suspense Account? Who is responsible to prepare it and what 15
are its main items? Describe in detail.
Q.5. How contracts are awarded in Pakistan Railways? Also describe types of contracts. 15
***********************
Summer Exam-2013
PUBLIC SECTOR
Railway Accounts (Practical) [01.05.2013]
(Railway Audit Branch)
[Instructions]
 Rate Table is printed on the back of this Question Paper.
Books Allowed:
 Railway Account code Vol. I & II  Coaching Tariff & State Railway General code
 Railway Engineering code  Pakistan Railway Commercial Manual
Attempt all questions from Part-I and any 2 from Part II
Part-I
Q.1. (a) Basic Pay of Mr. ‘A’ is Rs. 20,000/-. Conveyance Allowance is Rs. 5,000/- and 05
Qualification Pay is Rs. 800/- He has applied for House Building Advance and
Motor Car Advance. You are required to calculate the maximum amount of
both loans that he may receive. He maintains an interest free GPF account.
(b) Calculate monthly deductions for the recovery of both loans in the above case? 05
Q.2. Calculate from the data given below: 15

(a) Gross Earnings
(b) Coaching Earnings
Rs.
Coaching Earnings 50 % of Gross Earnings
Goods Earnings Rs. 8,000 million
Sundry Other Earning Rs. 2,500 million
Q.3. What is Station Balance Sheet? Describe in detail the procedure of checking the 10
‘Credits’ in the Station Balance Sheet.
Q.4. A subscriber may be allowed an advance GPF to enable him to purchase a 10

residential plot. What are the relevant Rules and Regulations? Under what
circumstances a refundable advance may be granted?
Part-II
Q.5. What are Handling Bills? Write in detail the checks applied by the Accounts Office 15
on handling bills?
Q.6. What is Financial Propriety? Describe in detail the procedure to obtain financial 15
concurrence in a Railway Division.
Q.7. (a) Define ‘Administrative Approval’? What are its essentials? 7.5
(b) What is a ‘Revised Estimate’? Under what conditions it is prepared? 7.5
Rate Table
Scale of Charges for Parcels Exceeding 2 Kilograms in Weight or 25 Cubic Decimeters by Measurement and Luggage
Exceeding Exceeding Exceeding Exceeding Exceeding Exceeding Exceeding Exceeding Exceeding Exceeding
2kgs 5kgs 10kgs 15kgs 20kgs 25kgs 30kgs 35kgs 40kgs 45kgs
Distance but not but not but not but not but not but not but not but not but not but not
Exceeding Exceeding Exceeding Exceeding Exceeding Exceeding Exceeding Exceeding Exceeding Exceeding
5kgs 10kgs 15kgs 20kgs 25kgs 30kgs 35kgs 40kgs 45kgs 50kgs
1 2 3 4 5 6 7 8 9 10 11
1-40 25 25 25 25 25 25 25 25 25 25
41-50 25 25 25 25 25 30 30 35 35 35
51-60 25 25 25 25 25 30 30 35 35 35
61-70 25 25 25 25 25 30 30 35 35 35
71-80 25 25 25 25 25 30 30 35 35 35
81-90 25 25 25 25 25 30 30 35 35 35
91-100 25 25 25 25 25 30 30 35 35 35
101-110 25 25 25 30 30 35 40 40 45 45
111-120 25 25 25 30 30 35 40 40 45 45
121-130 25 25 25 30 30 35 40 40 45 45
131-140 25 25 25 30 30 35 40 40 45 45
141-150 25 25 25 30 30 35 40 40 45 45
151-160 25 25 25 30 30 35 40 40 45 45
161-180 25 25 25 35 35 40 45 55 65 65
181-200 25 25 25 35 35 40 45 55 65 65
201-220 25 25 30 35 35 40 45 55 65 65
221-240 25 25 30 35 35 40 45 55 65 65
241-260 25 25 30 35 35 40 45 55 65 65
261-280 25 25 30 35 40 45 55 65 75 80
281-300 25 25 30 35 40 45 55 65 75 80
301-320 25 25 30 35 40 45 55 65 75 80
321-340 25 25 30 35 40 45 55 65 75 80
341-360 25 25 30 35 40 45 55 65 75 80
361-380 25 30 35 40 45 65 75 80 85 90
381-400 25 30 35 40 45 65 75 80 85 90
401-420 25 30 35 40 45 65 75 80 85 90
421-440 25 30 35 40 45 65 75 80 85 90
441-460 25 30 35 40 45 65 75 80 85 90
Summer Exam 2013
PUBLIC SECTOR
Service & Financial Rules [30.04.2013]
(GAA, PT&T, PTCL, Postal Accts, RRA, Coml. Audit, Railway, Income Tax)
Subjective Marks-75 Duration: 2 hrs. 30 Minutes
[Instructions]
 Commutation Table is printed on the back of this Question Paper.
Q.1. a) A Govt. servant was drawing basic pay of Rs.13,110 in BS-16 (6060-470-20160) on 15
1.1.2009 when he was upgraded in BS-17 (9850-740-24650). Subsequently he was
promoted in BS-18 (12910-930-31510) on 29.5.2011. Basic pay scales were revised
by the Govt. w.e.f 1.7.2011 wherein revised BS-18 was (20,000-1500-50,000).
Fix pay.
(i) On up gradation from BS-16 to BS-17
(ii) On promotion from BS-17 to BS-18
(iii) On revision of scales w.e.f 1.7.2011
b) Calculate pension contribution from following particulars 05

(i) Preceded on foreign service on 1.10.2008
(ii) Basic pay Rs. 25,500 in BS-19 (19680-970-39800)
(iii) BS-19 (31000-1600-63000) on revision pay scales w.e.f 1.7.2011
(iv) Remained under suspension followed by reinstatement and drawn
subsistence grant w.e.f 1.6.2011 to 31.8.2011
(v) Repatriated to parent office on 1.6.2012
Q.2. Comment on following:

(i) A Govt. Servant BS-17 posted in Islamabad proceeded on L.F.P (Leave on 05
Full Pay) for 120 days w.e.f 1st August 2012 to 28 November, 2012 in his
native city Lahore. During leave, he was directed to join his duty in
Islamabad w.e.f 1st October, 2012 and remaining leave was cancelled in
public interest. He lodged a claim containing fare for on way journey and
two dailys.
(ii) Suspension period of a Govt. servant for four months was treated as 05
E.O.L. Recovery of subsistence grant drawn during suspension period was
ordered.
(iii) A Govt. servant was proceeded against under E&D Rules 1973 on account 05
of inefficiency. The authorized officer imposed major penalty of reduction
in scale.
(iv) Lien of a Govt. servant was terminated when he was suspended. 05
Q.3. (a) Describe types of leave which cannot be combined with other type of 05
leave.
(b) Different types of advances admissible on transfer from one station to 05
another. Describe mode of their recovery.
Contd. on back
2
Q.4. Write note on followings 10

(i) Double lock systems
(ii) Quarantine Leave
Q.5. What are the conditions for use of single stage two envelopes and two stage two 15
envelope bidding procedures?
***********************
Summer Exam-2013
PUBLIC SECTOR
Postal Accounts Technical (SB, MO, CC) (Practical) [01.05.2013]
(For Postal Accounts Examinees)
[Instructions]
Books Allowed:
1. P & T Technical Audit Code Vol-I 3. Post Office Manual Vol-I

2. Post Office Manual Vol-VI 4. Post Office Guide

(i) Dead and Dormant Account 06
(ii) Minors Account and Lunatic Account 06
(iii) Remitter receipt and payment of orders 04
Q.2. a) Define the void money orders. What procedures should be observed in 06
Audit Office in respect of payment of void Money Orders?
b) What procedure should be observed in Audit Office in respect of custody of 04
closed and used up pass-books?
c) Define the crossed cheque and what procedure should be carefully examined 06
to ensure that a cheque presented for deposits in Bank.
Q.3. Comment on the following, quoting the rules:
(i) Money order paid to wrong person 04
(ii) Refused money orders 04
(iii) Unclaimed money orders 04
(iv) Payment of money order after two years 04
Q.4. Comment on the following:

(i) D.G. issued certain amendment to the Pakistan Post Office savings 04
certificates rules
(ii) A claim relating to a period, the records of which have been 04
destroyed in the usual course is sent by the P.M.G. for pre-audit
(iii) A person to whom a money order for Rs. 4,500 was alleged to have 04
been wrongly paid refused to refund the amount
(iv) In a post office it is practice to destroy sub-vouchers for contingent 04
expenditure after a period of three months
Q.5. Close the money order objections book with the following entries:
(i) Money order excess payment Rs. 500/- 04
(ii) Wrong payment Rs. 250/- 03
(iii) Money order short payment Rs. 300/- 03
(iv) Recoveries of over payment Rs. 350/- 03
(v) Refund of short payment Rs. 200/- 03
**********************
Summer Exam 2013
PUBLIC SECTOR
Telecom Eng. Works Acct. Rules & Proc. (Practical) [01.05.2013]
(P.T&T Audit Branch)
Subjective Marks-40 Duration: 1 hr.15 Mins.
(Instructions)
Books Allowed:
 T & T Manual Vol-I  P& T Account Code  General Audit Code
 P & T IAC Vol-I (Chapter-3) & Volume-II  P&T General Audit code  Telecom Sector Accounting
 PT & T Technical Audit Code Vol-II  NAM Manual Procedures of Stores purchase
 P&T IAC Vol I & II  Civil Account Code
Q.1. Give the allocation of the following items:

i) A piece of land original price Rs. 500,000 is sold of Rs. 750,000. (04)
ii) The cost of replacement of other than like by like. (02)
iii) The cost of any temporary and experiment works. (02)
iv) The cost of Motor Vehicle Rs. 950,000. (02)
Q.2. The following materials were recovered from the works, what credit you will allow for
them in estimate.
(a) Apparatus and plant instrument in repairable condition Rs. 15000 (02)
(b) Serviceable telegraph and telephone cable Rs. 10,000 (02)
(c) Power Plants and electric Fan in repairable condition Rs. 8,000 (02)
(d) Obsolete Stores useful Rs. 25,000 (02)
(e) Serviceable copper wire Rs. 15,000 (02)

(a) A cheque is drawn by the Accounts Officer in the favor of a contractor payable after (03)
one month from the date of issue and charged in his Account on the date of issue.
(b) A voucher for Rs. 1,500 for works charges is destroyed by the D. D. office after (03)
payment of the amount to contractor.
(c) A Superintend of post office asked a furniture contractor to take away old useless (02)
furniture from his office and to supply in lieu of 4 new chairs.
(d) A clerk employed at a daily rate of pay in store depot was paid on a muster roll along (02)
with labors.

(a) Work Credits and Works Expenditure (03)
(b) Suspense Accounts and Secured Advance (03)
(c) Unserviceable Stores and Surplus Store (04)
***********************
Summer Exam 2013
PUBLIC SECTOR
Telecom Eng. Works Acct. Rules & Proc. (Theory) [01-05-2013]
(P.T&T Audit Branch)
Subjective Marks-40 Duration: 1 hr.15 Mins.
(Instructions)
Q.1. Distinguish between the following:

(a) Voted and non-voted items of expenditure (04)
(b) Appropriation and Re-appropriation (04)
(c) Budget estimates and Revised estimates (02)
Q.2. (a) Differentiate between Dead Stock and Stores. (04)

(b) What are the four main divisions of government accounts? (02)
(c) What are the three functions of the Divisional Accounts Officer (04)
in Divisional Office?
Q.3. (a) What is the duty of the Audit Office with regard to Audit of (04)
Objection Book of (DAO) Divisional Account Officer?
(b) Write a short note on Admin Approval & Technical Sanction. (04)
(c) What PTCL, PTA, PAC and NTC stands for? (02)
Q.4. (a) Write short note on Un-paid Wages. (05)

(b) Write short note on obsolete store. (05)
***********************

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Summer Exam-2013

Attempt all Questions

Q.2. Define the following terms:

Forecast Income Statement for the second quarter. (12)

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Q.1. Give examples of the following parts of a letter. 02

(i) Ready Business

(b) What are the assumptions of managers, under theory Y? 04

Q.9. Discuss Two – Factor theory of motivation in an organizational setting. 08

(a) Suggest a suitable title of the above text.

(b) Why the prospects of Google share prices are high?

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(iii) Budgeted balance at the end of each month:

Q.3. Comments on the following:

Q.2. Explain the following:

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Q.2. Comments on the following:

Q.3. Write short notes on the following:

Q.5. Define the following:

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Explain his entitlement of TA/DA according to given data.

a) If the deceased has left parents and children but no widow(s).

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Q.3. Explain the following: 10

i) Big cities where special rates of DA is admissible.

Q.4. What do the following stands for U/M abbreviation: 08

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1. CPWA Code 4. Books of Forms referred in CPWA code 6. Chart of Accounts

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Date Description Amount Rs.

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Q.1. Write short notes on the following:

Q.2. What are the salient features of scheme of departmentalization of Pakistan 12

Attempt all Questions

Work Order No. 2516 date 12.03.2013

Attempt all questions from Part-I and any 2 from Part II

Q.2. Calculate from the data given below: 15

Q.4. A subscriber may be allowed an advance GPF to enable him to purchase a 10

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b) Calculate pension contribution from following particulars 05

Q.2. Comment on following:

Q.4. Write note on followings 10

1. P & T Technical Audit Code Vol-I 3. Post Office Manual Vol-I

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Q.1. Define the following:

Q.4. Comment on the following:

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Q.1. Give the allocation of the following items:

Q.3. Comments on the following:

Q.4. Define the following:

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Q.1. Distinguish between the following:

Q.2. (a) Differentiate between Dead Stock and Stores. (04)

Q.4. (a) Write short note on Un-paid Wages. (05)

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