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Please solve the following questions as soon as possible.

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Q4: Internal controls are strategies set by the companies to ensure the integrity of financial and accounting information, how can a business create a linkage between internal control system internal audit and internal check system. How these elements can affect business information reliability? (2.5 marks) Q5: Hashim & co is a textile company. Due to the recent corona virus pandemic the company shuts all of its operations and went on liquidation. The company has total assets of 750,000 while the outstanding liabilities of 10,00,000.How will the claims be settled now? Briefly explain in terms of priority. (2 marks) Q9: Early in 2013, Pakistan Light waive company was organized with authorization of 20,00,000 shares of 15 par value common stock and 40,00,000 shares of 200 par value preferred stock. 5,00,000 common shares were sold for 35 per share. 2,00,000 preferred shares were issued at Par. During the first five years (2013-2017) Pakistan Light waive earned a total of 545000 and paid dividends of 30 cents per common share outstanding each year. Prepare statement of share holder equity at December 31, 2017. (3 Marks) Q14: Mr.Nadeem is an accountant of Huzaifa enterprises. The following information is available to the for the month of May,2020. Ledger account showed a balance at 31st may,2020 of Rs=251,136/-. While May bank statement showed a closing balance of Rs=229,656/-. While Rs=32000/- Cash left at the bank as it was presented to the bank after banking hours (bank kept it in the night deposit). May 2020, Bank statement also includes a debit memorandum from the bank for Rs=100/- as a service charges. The bank statement of the April 30,2020 includes a debit memorandum from the bank for Rs=200/- as a SMS alert charges. A credit memorandum enclosed with the bank statement indicates that non-interest bearing note Rs= 8,000/- from Mr. Ali. Inspection of paid checks with accounting record revealed that cheque no 1642 for Rs=189/- issues in May 15, has been erroneously entered in ledger records as Rs=981/-included in the bank statement 400 NSF check. Three checks all issued in May are not still presented in the bank for payment: no 107 for Rs=628/-; no 111 for Rs=1250/- and no 115 for Rs=350/-. Prepare bank reconciliation for Huzaifa enterprises, at May 31. (4 marks) Q15: Based on the information available in question no 14, Prepare journal entries to adjust the accounts at May 31. (2 marks) Q16: Based on the information available in question no 14, as an accountant of Huzaifa enterprises you are required to devise some strategies to avoid this disagreement in (Bank statement and Ledger account) for June,2020. Discuss? (2 marks) Q17: On july 2019, Mehmood & sons limited borrowed Rs 5,00,000/- on a one year, 4% note payable from JS Bank, Gujrat. The note is to be repaid after one year but interest was paid quarterly. How would you classify this liability in balance sheet and on what amount? What will be the affect on 2019, 2020 balance sheets? (2.5 marks) Q10: Would the use of accelerated depreciation in the financial statements be more conservative or less conservative? Explain with figurative work. (2.5 marks) Q11: B&A Inc., recently purchased new Machinery for the business at a list price of Rs =95,000/- Mr Nailson the seller remained your old good friend so he offered you 13% discount. The policy requires Rs =77,00/-. as an insurance coverage for in transit. Mr Nailson also incurred Rs =1550/- as a promotional activity in selling process related to this particular machine. Freight charges totaled =990/- Rs incurred for delivery of the machine. Installation charges of machinery is =2460/- Rs. After installation training cost of the machinery for assurance of proper working is Rs=750/-- Right after machinery started working and produced some units the company incurred Rs=1200/- for service charges for machinery. Compute the total cost debited to the B&A Inc, machinery account