FFA Past Paper (April Updated)

Descriptive:
• Cash book
• Financial book
• Financial statement and its objective (April 2024)
• Five incurred business activities
• Define Income statement with following example of revenue and expenditure (April 2024)
• Statistical book
• Subsidiary book
MTQs
• FIFO (Periodic method) (April 2024)
• Statement of financial position (balance Sheet)
FEB (2023)
Descriptive:
• Accounting cycle and process
• Define Balance sheet and what effect of following elements and give two examples; Assets,
Liability, capital equity
• Depreciation straight line method (April 2024)
• Errors affecting trial balance
• Features of receipt and payment account
• General Journal (April 2024)
• Income statement (SOPL) (P & L) (April 2024)
• intangible and tangible with two examples 1) Revenue 2) Expense (April 2024)
MTQs
• (Machine purchase on 1st January 2011. Cost is 3000000. Transportation charges 2000.
Installation n testing 48000. Life
10 yrs. Salvage value 200000. Method straight line. Purchase new machine cost 5000000 with
exchange of old machine in 2000000. Calculate machine purchasing cost. Pass journal entry
for machine cost and other than cost. calculate dep for 2011 2012 2013 2014 2015 and 30
June 2016. gain or loss on exchange of machine). Create a trial balance. Create statement of
profit and loss. Find the cost of equipment shipped from outside, it's depreciation and
profit/loss on disposal.
• General entries
• statement of cash flows
 APR (2023)
Descriptive
• Bank reconciliation? It's importance
• Define Cash flow and its uses.
• Change in equity
• FIFO method
• Disposal
JUNE (2023)
• capital and revenue expenditure
• define non-current asset. And briefly explain 3 examples of non-current asset?
• Explain control account
• General ledger
• what is depreciation? Give the formula of reducing method.
• What is the benefit of depreciation

AUG (2023)
• Capital invested and Capital employed

OCT 2023
 Types of Errors (April 2024)

Dec 2023
Descriptive:
1) Inventory turnover, how to calculate or briefly explain business entity
2) Define Reducing Balance Method
3) Ek question tha, uss ky andar usny Total unit sold and price per unit di
huyi thi orr expense bataya tha, ky 10% of sales tax tha and 30% of sale
orr usny kxh missing figures di thin un ka answer find krna tha, jesy ky
profit before tax and profit after tax and gross profit etc.
4) Depreciation
5) Bad Debts (April 2024)
MTQs:
1) Adjusting Entries (April 2024)
2) Statement of Profit & Loss (Income Statement)
3) Statement of Financial Position (Balance sheet) (April 2024)
4) Inventory
5) Journal General
6) rectification of errors (April 2024)
7) Working capital (April 2024)

February 2024
MTQ:
1) Depreciation
2) adjusting entries
3) Statement of Profit and loss (SOPL) (Income Statement)
4) Statement of Financial Position (SOFP) (Balance Sheet) (April 2024)
5) Trial Balance (April 2024)
6) Closing inventory perpetual system
7) FIFO (Cost of goods Sold)
8) Computation of cost of machine and gain and loss on its disposal, uski depreciation or entry etc
9) Bank Reconciliation (April 2024)
10) Inventory

Descriptive:
1) Inventory turnover ratio and its usefulness in assessing a company’s liquidity
2) Transaction di huyi thi, bataana tha ky konsa account debit hoga konsa credit, jesy goods bought
on credit ki transaction
3) Uses of statement of cash flows
4) Types of expenses (April 2024)
5) Non-Current asset Definition
6) Sole Trader Entries krni thi
7) Transactions journalize krky likhni thi (SOPL)
8) Define Book keeping and accounting
9) Define Tangible and intangible assets
10) Five business activities
 April 2024
MTQ:
1) Ghayoos traders journal entries
2) Kazim traders adjusting entries
3) Easy printer depreciation pass adjusting entries
4) Fifo Maha Traders wala (Sir GM ne jo mock mein solve krwaya hai)
5) Depreciation question (Jo Sir GM ne krwaya tha)

Descriptive:
1) What are bad debts? Why do they charge bad debts
2) Define: Capital Investment, Capital Employed, Working Capital
3) Define Accounting Equation
4) Reason of Depreciation
5) Define inventory
6) Define revenue expense according to balance sheet

MCQs ky liye important chapters:

Mcqs Ky Liye
Chap No: 1,2,3,4,5,10,12,14,15,17,22,23,24,25
Ye Chapters thk sy krein, Mostly mcqs issi mein sy aaty Hein.
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