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Questions Unitwise CA

The document outlines questions from 5 units of a cost accounting course. Unit I introduces cost accounting concepts and techniques. Unit II covers materials management topics like inventory control. Unit III focuses on labor and overhead costs. Unit IV discusses unit and job costing. Unit V examines contract and process costing. The questions range from essays to short answers and problems.

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49 views4 pages

Questions Unitwise CA

The document outlines questions from 5 units of a cost accounting course. Unit I introduces cost accounting concepts and techniques. Unit II covers materials management topics like inventory control. Unit III focuses on labor and overhead costs. Unit IV discusses unit and job costing. Unit V examines contract and process costing. The questions range from essays to short answers and problems.

Uploaded by

nm5631837
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Cost Accounting

Questions from each unit

UNIT I Introduction
ESSAY QUESTIONS

1. What are the Limitations of Financial Accounting?


2. What is Cost Accounting State the differences between Cost Accounting and
Financial Accounting?
3. What is Cost accounting? What are the Advantages and Limitations of Cost
Accounting?
4. Costing is an Aid to Management. Explain?
5. Explain Cost? State the Classification of Costs?
6. What are the Various Methods and Techniques of Cost Accounting?
7. What is Cost Accounting, Explain the Scope and Objectives of Cost
Accounting?

SHORT ANSWER QUESTIONS

1. Cost Concepts
2. Scope of Cost Accounting
3. Techniques of Cost Accounting
4. What are Cost Centres? Types of Cost Centres?
5. Elements of Costing
6. Explain Cost, Cost Unit, costing

UNIT II Materials
ESSAY QUESTIONS

1. What do you understand by Inventory Control ? what are the various


Inventory Control Techniques?
2. Explain Centralized Purchasing its advantages and Disadvantages?
3. Explain the Purchase procedure?
4. What is Stores Ledger Explain the methods in which stores ledger is
maintained?
5. What is Inventory Control, Explain its objectives and Importance?
6. Explain the Following a) Economic ordering Quantity b) ABC analysis

SHORT ANSWER QUESTIONS

7. JIT Analysis
8. VED Analysis
9. FNSD Analysis
10.Bin Cards, Double Bins
11.Purchase Order
12.Stock levels

Problems: SP 1,2,3,4,5,

EP: 1,3,4,5,12,13,15,17,20,21,22, 23, 24, 25

UNIT III Labour and Overheads


ESSAY QUESTIONS

1. What do you Mean by Time Keeping and Time Booking?


2. What are the various methods of Time Keeping?
3. What are the various methods under Time booking?
4. What is Time rate System and Explain the Incentive Plans under Time rate
system? (Important for problems)
5. What is a Piece Rate system Explain the Incentive plans under piece Rate
System? (Important for problems)
6. What do you mean by Overheads? Explain its Classification?
7. Explain Allocation and Apportionment of overheads?
8. Explain Absorption of Overheads and Explain its methods?

SHORT ANSWER QUESTIONS

9. Allocation of OverHeads
10.Absorption of Overheads
11.Apportionment of Overheads
Labour

SP:1,2,3,4,5,6

EP: 1,2,3,4,5,6,7,8,9,

Overheads

EP: 1,2,3,4,5,6,7,8,9, 10, 11, 13, 15, 16, 17, 19

UNIT IV Unit Costing and Job Costing


ESSAY QUESTIONS

1. What is a Cost sheet? Explain about it? (its Proforma and industries which
uses it)
2. What is Job Costing Explain its advantages?

SHORT ANSWER QUESTIONS

3. Cost Sheet or Statement of Cost


4. Tenders and Quotation

Unit Costing

SP:1,2 Cost sheet 1,2,3,4,5,6

EP: 2,4,5,6,7,8,10, 11, 9, 12

Cost sheet EP: 2, 3, 4, 5, 6, 7, 8,11 12

Job Costing

SP : 1, 2, 3, 4

EP: 1,2,3,4

UNIT V Contract Costing and Process Costing


ESSAY QUESTIONS
1. What is Contract Costing? Explain its Features?
2. What is Process Costing Explain its main features?
3. Difference Between Job Costing and Contract Costing?

SHORT ANSWER QUESTIONS

4. Notional Profit
5. Amount transferred to profit and loss account from Incomplete Contracts
6. Work Certified and work Uncertified
7. Normal and Abnormal Loss
8. Joint Products and By Product
9. Work Certified
10.What is Process costing state its features
11.Wastage
12.Normal loss and abnormal loss

Contract Costing

SP: 5, 6, 7

EP: 5,6,7,8,10, 11, 9, 12, 13, 14, 15

Process Costing

SP : 1, 2, 3, 4,5

EP: 1,2,3,4, 5, 6,7,8,9,10,12,15,17,18

1. What is Process costing state its features


2. Wastage
3. Normal loss and abnormal loss

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