Download PTU ( I.K.Gujral Punjab Technical University (IKGPTU)) The Bachelor of Business Administration (BBA) 2020 December 3rd Sem 70624 Cost Accounting Previous Question Paper
Roll No.
Total No. of Pages : 02
Total No. of Questions : 18
BRDM / B.SIM (2014 & Onwards) / BBA (2014 to 2017)
B.Sc. Business Economics (BBE) (2015 to 2017)
(Sem.?3)
COST ACCOUNTING
Subject Code : BBA/BBE-303
M.Code : 70624
Time : 3 Hrs. Max. Marks : 60
INST RUCT ION TO CANDIDAT ES :
1 .
SECT ION-A is COMPULSORY cons is ting of TEN questions carrying TWO marks
each.
2 .
SECT ION-B cons ists of F OUR Sub-sec tions : Un its-I, II, III & IV.
3 .
Eac h Sub-section contains TWO questions each , carry in g T EN ma rks e ach .
4 .
Students have to atte mpt an y ONE ques tion from each Sub-section.
SECTION-A
Write short notes on the following in 2-5 lines :
1.
Explain three merits of management accounting.
2.
What is margin of safety?
3.
How standard costing differ from budgetary control?
4.
Define P/V ratio.
5.
Discuss in detail benefits of standard costing.
6.
Define Trend Analysis.
7.
Discuss the significance of liquidity ratio.
8.
What do you mean by cash flow statement?
9.
How will you calculate cash from operation?
10. Define labour turnover.
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SECTION-B
UNIT-I
11. Define Cost Accounting. Discuss in detail objectives, advantages and disadvantages of
cost accounting. How to prepare cost sheet explain with the help of example?
12. Explain the FIFO and LIFO methods of the valuation of material issues. Discuss the
effect of increasing and falling prices on these two methods of pricing material issue.
UNIT-II
13. Describe the concept of marginal costing. How marginal costing differ from absorption
costing explain with the help of examples?
14. Define Overhead. Discuss in detail classification, absorption and apportionment of
overheads.
UNIT-III
15. What do you mean by budgetary control? Discuss in detail types of budget.
16. The following data are available with respect to particular department for weekly
operations :
Budgeted Output for 40 hours week
2,000 units
Budgeted Fixed Overheads
Rs. 2,000
Actual Output
1,800 units
Actual hours worked
32
Actual fixed overheads
Rs. 2,250
Compute overheads, expenditure and volume variances.
UNIT-IV
17. What is the purpose of preparing a cash flow statement? How is it prepared? Explain with
the help of example.
18. Draw up a balance sheet from following information given below :
Current ratio : 2.5
Fixed asset turnover ratio : 2 times
Liquidity ratio : 1.5
Average debt collection period : 2 months
Stock turnover ratio : 6 times
Fixed asset : shareholders
Gross profit ratio : 20%
Net Worth : 1:1
Net working capital : Rs. 3,00,000 Reserve : Share capital 0.5 :1
NOTE: Disclosure of Identity by writing Mobile No. or Making of passing request on any
page of Answer Sheet will lead to UMC against the Student.
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This post was last modified on 15 February 2021