Solved Past / Old Papers of  Principles of Accounting HSSC-II for Federal Board (FBISE)

Annual Papers

1. 2016
2. 2017
3. 2018
4. 2019
5. 2020 ( due to Corona paper is not Conducted)
6. 2021

Supplementary Papers

1. 2016
2. 2017
3. 2018

Past / Old Papers of Principles of Accounting – I.com-II (FBISE)

Annual Papers

1. 2010
2. 2011
3. 2012
4. 2013
5. 2014
6. 2015
7. 2016
8. 2017
9. 2018
10. 2019
11. 2020 ( due to Corona paper is not Conducted)
12. 2021

Supplementary Papers

1. 2016
2. 2017
3. 2018

Solution of Principles of Accounting for I.com-II by M.Arif Ch and Sohail Afzal

Numerical Solution of Questions

• Chapter # 01 Accounts from Incomplete Records – Increase Net Worth Method
• Chapter # 01 Accounts from Incomplete Records- Conversion Method
• Chapter # 02 The Accounts of Non-Profit Making Organization
• Chapter # 03 Consignment Accounts
• Chapter # 04-Accounts of Joint Stock Companies
• Chapter # 05 Depreciation Provision and Reserves
• Chapter # 06- Partnership Accounts-Profit Distribution
• Chapter # 07 Partnership Account – Admission of Partner 
• Chapter # 08 Partnership Accounts-Retirement and Death of Partner
• Chapter # 09 Partnership Accounts-Dissolution of Firm

Short  Question Answer 

• Short Answer – Chapter # 01 – Accounts from Incomplete Record
• Short Answer – Chapter # 02 – The Accounts of Non-Profit Making Organization
• Short Answer – Chapter # 03 – Consignment Accounts
• Short Answer – Chapter # 04 – Accounts of Joint Stock Companies
• Short Answer – Chapter # 05 – Depreciation, Provisions and Reserves 
• Short Answer – Chapter # 06 – Partnership Account – Profit Dissolution 
• Short Answer – Chapter # 07 – Partnership Account – Admission of Partner 
• Short Answer – Chapter # 08 – Partnership Account – Retirement and Death of Partner 
• Short Answer – Chapter # 09 – Partnership Account – Dissolution of Firm

Solution of Principles of Accounting I.com part 2 by Ch. Muhammad Hanif

• Complete Book Solution

• Guess Paper Principles of Accounting for 2020
• Guess paper of Principles of Accounting for 2021 According to Reduce Syllabus
• Guess paper of Principles of Accounting  for I.Com – II  Annual exam 2022 for Federal Board (FBISE)

Intermediate Boards like Punjab, Sind, KPK, Balochistan

• Guess Paper of Principles of Accounting for I.Com – II Annual Exam 2022

Depreciation , Provisions and Reserves

• Why Residual Value Ignore in Diminishing Balance Method
• Which Depreciation Method Best to Use  

Partnership Accounts

Admission of  A New Partner 

1. Sacrificing Ratio
2. New Profit Sharing Ratio
3. Calculate Sacrificing and New Profit Sharing Ratio
   1. When the new share of the incoming partner is given.
      • Sacrifice of the old partners are not given (Sacrifice in the old ratio)
      • Unequal sacrifice of the old partners (Unequal sacrifice)
      • Equal sacrifice of the old partners (Equal sacrifice)
      • Entire sacrifice by one of the partners.
   2. When the new share of the incoming partner is not given.
      • Sacrifice of the old partners are given.
   3. New profit sharing ratio is given. Calculate Sacrificing Ratio.

Retirement of  A New Partner 

1. Gaining Ratio
2. Calculate Gaining and New Profit Sharing Ratio
   1. When the new Profit Sharing Ratio of Old partner is given.
      • New Profit Sharing Ratio is Different or Not Same
      • New Profit Sharing Ratio is Same or Equal 
      • New Profit Sharing Ratio is Same as Between Old Partners
   2. When the new Profit Sharing Ratio of Old partner is given.
      • Only One Partner Acquire the Share of Retiring Partner 
      • More Than One Partners Acquire the Share of Retiring Partner (Proportion of Share Given)
      • More Than One Partners Acquire the Share of Retiring Partner (Proportion of Share Not Given)

• Admission of Partner – Theory and Practice Problem with Answer
• Retirement & Death of Partner – Theory and Practice Problem with Answer
• Difference Between Dissolution of Partnership and Dissolution of Firm

M.A Ghani

1. Partnership Account

1. Chapter # 01 – Accounts from Incomplete Records
   • Increase Net Worth Method MCQ’s
   • Increase Net Worth Method Numerical MCQ’s with Solution 
   • Conversion Method MCQ’s
   • Conversion Method Numerical MCQ’s with Solution 
2. Chapter # 02 – Non – Profit Making Organization 
3. Chapter # 03 – Consignment Account 
4. Chapter # 04 – Accounts of Joint Stock Companies
5. Chapter # 05 – Depreciation 
   • Chapter  # 05 – Depreciation statement MCQs
   • Chapter  # 05 – Depreciation ( Numerical MCQ’s with Solution)
6. Chapter # 06 – Partnership
   • Profit Distribution 
   • Admission of  A Partner
     1. 1. Statement MCQ’s
        2. Sacrificing and New Profit Sharing Ratio MCQ’s
   • Retirement of A Partner 
     1. 1. Statement MCQ’s
        2. Gaining and New Profit Sharing Ratio MCQ’s
   • Death of A Partner 
     1. 1. Statement MCQ’s

• Chapter # 01 – Accounts from Incomplete Records or Single Entry System
• Chapter # 03 – Consignment Account
• Chapter # 04 – Joint Stock Company 
• Chapter # 05 – Depreciation
• Chapter # 06 – Profit Distribution – Partnership Account
• Chapter # 07 – Admission of Partner – Partnership Account