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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)
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(Sem.-3)COST ACCOUNTING
Subject Code : BBA/BBE-303
M.Code: 70624
Time: 3 Hrs. Max. Marks : 60
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INSTRUCTION TO CANDIDATES :
- SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks each.
- SECTION-B consists of FOUR Sub-sections: Units-I, II, III & IV.
- Each Sub-section contains TWO questions each, carrying TEN marks each.
- Students have to attempt any ONE question from each Sub-section.
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SECTION-A
Write short notes on the following in 2-5 lines :
- Explain three merits of management accounting
- What is margin of safety?
- How does standard costing differ from budgetary control?
- Define P/V ratio.
- Discuss in detail benefits of standard costing.
- Define Trend Analysis.
- Discuss the significance of liquidity ratio.
- What do you mean by cash flow statement?
- How will you calculate cash from operation?
- Define labour turnover.
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SECTION-B
UNIT-I
- Define Cost Accounting. Discuss in detail objectives, advantages and disadvantages of cost accounting. How to prepare cost sheet explain with the help of example?
- 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.
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UNIT-II
- Describe the concept of marginal costing. How does marginal costing differ from absorption costing explain with the help of examples?
- Define Overhead. Discuss in detail classification, absorption and apportionment of overheads.
UNIT-III
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- What do you mean by budgetary control? Discuss in detail types of budget.
- The following data are available with respect to a 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--- Content provided by FirstRanker.com ---
Actual hours worked 32
Actual fixed overheads Rs. 2,250
Compute overheads, expenditure and volume variances.
UNIT-IV
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- What is the purpose of preparing a cash flow statement? How is it prepared? Explain with the help of example.
- Draw up a balance sheet from the 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--- Content provided by FirstRanker.com ---
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 download link is referred from the post: PTU BBA 3rd Semester Last 10 Years 2011-2021 Previous Question Papers|| Punjab Technical University
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