(a) On 1 July 2018, Zahid rented out his properties as follows:
(i) An apartment was rented to Abdul Qadir at a monthly rent of Rs. 40,000. Zahid received a non-adjustable security deposit of Rs. 300,000 which was partly used to repay the non-adjustable security deposit amounting to Rs. 175,000 received from the previous tenant in July 2013. He also spent Rs. 20,000 on repairs of the apartment in February 2019.
(ii) A bungalow was rented to a bank. Zahid and his younger brother are joint owners of the bungalow in the ratio of 60:40 respectively. The annual rent agreed with the bank was Rs. 6,000,000 which is inclusive of Rs. 100,000 per month for utilities, cleaning and security. Zahid paid Rs. 35,000 per month for providing these services. Required: Under the provisions of Income Tax Ordinance, 2001 compute total and taxable income of Zahid for the tax year 2019 under appropriate heads of income. (07)
(b) Identify due date of filing of tax return in each of the following cases, under the provisions of the Income Tax Ordinance, 2001:
(i) An individual who’s entire income falls under final tax regime (0.5)
(ii) An individual who derives his income from business which falls under normal tax regime. (0.5)
(iii) An individual filing return in response to a notice received from the Commissioner who believes that he is likely to discontinue his business. (01)
(iv) An individual filing return in response to a notice received from the Commissioner for not filing return of income of the previous tax year. (01)

(kindly solve in the context of pakistan and please do it in typed form)

One of the major problems with front office accounting at the Royal Crest Hotel is monitoring guest and non-guest accounts using their manual system. Management has always extended local businesses and government officials charge privileges, the idea being that, with the convenience of deferred payments, local patrons would be more likely to dine and/or host clients at the hotel. This program has proved to be highly successful. The volume of purchases charged to such non-guest accounts now approximates the level of sales incurred by registered guests. Unsure if this is a good or bad situation, Mr. Osei, the front office manager, requests the front office accounting staff to study the problem and to report its findings at next week's front office meeting. At the weekly front office meeting, the hotel's accountant, Ms. Pokua, reports that there are at least three problems related to the hotel's non- guest charge purchasing policies: its impact on the daily hotel audit, the billing procedures to collect payment, and the number of applications for additional non-guest accounts. When asked to be more specific, she begins with a review of the daily hotel audit. She states that since the front office receives charge vouchers from the hotel's revenue centers, it is the front desk agent's responsibility to separate guest from non-guest accounts. Since registered guest charges are posted by room number, one would think it easy to sort those charges from the others. Unfortunately, both the hotel's guest account numbers and the non-guest account numbers are three digits, thereby making the sorting more time-consuming. Mr. Osei asks if it is really necessary to separate the charges. Ms. Pokua explains that it is, since the hotel must maintain accurate guest folio Page 2 of 1 G. N. Baah balances. She further states that the non-guest vouchers are accumulated and posted on Saturday afternoons, when the hotel's business is less hectic. The billing procedures to collect non-guest account balances are tricky, Ms. Pokua said. Since the hotel bills non-guest accounts on the last day of each month, some charges occurring in a particular month may not be posted in time to appear on that month's bill. In addition, non-guest accounts usually are not paid in time. In fact, 47 percent of last month's non-guest account balances remain unpaid and tomorrow is the date of the next billing cycle. Mr. Osei explains that the local customers are important to the hotel and suggests that maybe Ms. Pokua is over-sensitive to the billing problems. Lastly, Ms. Pokua relates the fact that there are at least ten new applications for non-guest accounts. She has instructed her staff not to authorize any new non-guest accounts without her written approval. She further states that she is reluctant to authorize any additional non-guest accounts, and looks to Mr. Osei for advice. Convinced of the positive aspects of such business, Mr. Osei directs her to approve the requests and to assign account numbers effective the first day of next month. Ms. Pokua so instructs her staff. a. What ideas (any two) would you suggest to facilitate a more effective processing of guest and non- guest charge vouchers? b. How might the daily audit be aided by such changes? c. Is the accumulated-postings routine for non-guest accounts an effective plan? Explain your response. d. What could be done to improve the hotel's billing of non-guest accounts? e. What could be done to improve collection of outstanding balances? State any four (4). f. What are the two (2) advantages and two (2) disadvantages to having a high volume of non- guest accounts? NOTE; PLEASE I NEED DIFFERENT ANSWERS.

12) Why are non-point sources of water pollution harder to control then point sources? Give an example of a point and a non-point source.

Explain what non-recourse finance is and explain when it might be applicable. What are some potential risks associated with non-recourse funding?

Case 2:

National Bank of Oman SAOG “NBO” was the first incorporated bank in the Sultanate of Oman(“Oman”) established in 1973 as a joint-stock company, providing conventional and Islamic banking services. The Bank’s shares are listed on the Muscat Securities Market (“MSM”). The Bank operates via five main segments, namely, retail banking, corporate banking, investment banking, treasury and international banking, and Islamic banking.

You are provided with the ledger balances of the National Bank of Oman as of 31st March 2018 and asked to prepare its final accounts. You are also required to consider the following the year-end adjustments - It was decided that the bank to create a provision for doubtful debts OMR 2,000 and provide 5% deprecation on Computers; Bank has not included the locker rent OMR 1,000 that was received in advance, and law charges are still outstanding for OMR 2,500; Bills purchased and discounted during the year was OMR 21,000 and at the end of the period when they calculated the rebate on bills discounted it was OMR 2,500.

You are asked to prepare:

1. Income statement for NBO as on 31st March 2018                        
2. Balance Sheet with necessary notes as on 31st March 2018          

QUESTION 5:

The following information has been extracted from the financial statements of YDI Limited:

Extract of Statement of Comprehensive Income for the year ended 31 December:

                                      2019          2018

                                        $                   $

Sales                       2 000 000 1 600 000

Cost of sales              940 000      800 000

Operating profit       600 000      520 000

Profit before tax      520 000     450 000

Profit after tax           364 000    315 000

Extract of Statement of Financial Position as at 31 December:

Assets                                   2019              2018

                                                    $                     $

Non-current assets          2 000 000 1 400 000

Inventories                            600 000     800 000

Accounts receivable             400 000     400 000

Cash and cash equivalents      2 000          2 000

                                               3 002 000 2 602 000                                                           

                                              $                    $

Equity and liabilities

Shareholders’ equity          2 000 000 1 500 000

Long-term loan                      700 000      800 000

Accounts payable                  182 000      142 000

Bank overdraft                       120 000     160 000

                                         3 002 000 2 602 000

Note:

1. All purchases and sales of inventories are on credit.

2. Dividends paid during the year amounted to R218 400.

3. The issued share capital consisted of 500 000 ordinary shares

Required:

5.1 Calculate the following ratios for the year ended December 2019. Where applicable, round off answers to two decimal places.

5.1.1 Operating margin        

5.1.2 Debtors collection period       

5.1.3 Acid test ratio        

5.1.4 Return on equity        

5.1.5 Debt to equity         

5.1.6 Earnings retention ratio        

5.1.7 Earnings per share        

5.2 Suggest two (2) ways in which YDI Limited can improve on its collections from debtors.            

5.3 Comment on the current ratio which dropped from 3.98:1 in 2018 to 3.32:1 in 2019.           

5.4 Recommend two (2) ways in which YDI Limited can improve its profitability.

Prove that an abelian group G of order 2000 is the direct product PxQ where P is the Sylow-2 subgroup of G, and Q the Sylow-5 subgroup of G. (So order of P=16 and order or Q=125).

Question: Describe "Bangladesh" import. ( Describe it 1 paragraph why or how it's happened ) - (2000 - 2019)

Note: Please write a 3 or more paragraph, and make sure it's typed. I don't understand handwriting.