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j Series : SKS/1 I m;f. Code No. 202/1

ＺＺｾＰＮＱ＠ I I I I I I I ＢＳｗＭｾ＠ ｬｪｬＹＭｾ＠

Ｍｱｲｾｦｩ［ｲ｀＠ I

Candidates must write the Code on the title page of the answer-book.

• 'f'l<IT ｾ＠ ｱ［ｮｾ＠ fcf> ｾ＠ JfR-lf;i 1l ｾ＠ ｾ＠ 7 t 1

• JfR-lf;i ll 00 WT ctf aW ｾ＠ 1Rr q;)s ｾ＠ q;J ID3f ＢＳｗＭｾ＠ cf> ｬｪｬＹＭｾ＠ lR fR@ I

• 'f'l<IT ｾ＠ CR "R f<f> ｾ＠ JfR-lf;i ll 19 JfR t I

• ｾｷＮｲｾＢＳｦｦｩＢｾｾｭ＠ ＢﾫｾＮ＠ ｷＮｲｾｾ＠ arcm-ft:Ri 1

• ｾ＠ JfR-lf;i q;J w-l <f> Wnr 15 ｾ＠ Cf>T Wilf ｾ＠ lfliT t I JfR-"tf;f Cfii fcwuT ｾ＠ ll 1 0.15 Gf'if ｾ＠ ｾ＠ I 10.15 Gf'if ｾ＠ 10.30 Gf'if oq; ID3f ｾ＠ JfR-lf;i q;J t$1 ｾ＠ ｾ＠ ｾ＠ cf> ｾｴｦｦｩ＠ ｾ＠

ＢＳｗＭｾＢＡｒｱ［ｦｻＢＳｗｾｾ＠ I

• Please check that this question paper contains 7 printed pages. • Code number given on the right hand side of the question paper should be written on the

title page of the answer-book by the candidate.

• Please check that this question paper contains 19 questions. • Please write down the Serial Number of the question before attempting it. • 15 minutes time has been allotted to read this question paper. The question paper will be

distributed at 10.15 a.m. From 10.15 a.m. to 10.30 a.m., the students will read the question paper only and ·will not write any answer on the answer-book during this period.

HI•IH &hS1iC6;if ｣ＶＭｾ＠ afu- ｾ＠(tf ;a I f"'*i Cfi) II

ELEMENTS OF COST ACCOUNTING AND AUDITING (Theory) II

RWtrr w:r<T : 3 Fit 1 Time allowed : 3 hours 1

[ ｾ｡ｦ｣ｴ［＠ :60 [Maximum Marks : 60

1. ffiTTO fcmur <FIT t ? 2

What is a Cost Sheet ?

2. ｾｾＢｗｆｔｾｾｾｾｃｦ＾ｔｃｆｉｔｾｾ ｴ＿＠ 3 What is meantby Abnormal Idle Time and Normal Idle Time ?

3. ffiTTO fcmur cf> 1frn cf> q;f{ ｾ＠ ｾ＠ ｾ＠ I 2

State any four points of importance of Cost Sheet.

202/1 1 (P.T.O.

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4. f-11<1fC1f@\1 q;J ｾ＠ 3qf{oq4i ll qiOCfl<DI ｾ＠ :

(i) ｀ｱ［ｊｾ＠

(ii) ｦｃｉｾｬｬｃｦｬ｜Ｑ｜Ｓｕ＠ "CflT ctFJ

(iii) ｾ＠ w"Cfilitm

(iv) Cflllll("lll lctl'hl1 ｾ＠

Classify the following under suitable overheads :

(i) Rent of godown

(ii) Salesmen's salary

(iii) Commission on sales

(iv) Office telephone expenses

5. Ｂｃｦ＾ｒｕｔｾｾｦｱ［ＭｦＭＱＧＢＱｦｾｦＱ｜Ｑ＠ ｾｾｴ＠ ｾ＠ ｾ Ｚ＠

(i) Cf)l(@11 "ffii"Rf, ｾ＠ "ffiTRf ｾ＠ Cfjff WIT t I

(ii) ｾＢｦｦｩｩＢｒｦ Ｎ＠ ｬｻｒＢｦｦｩｩＢｒｦｾ＠ ｾｭｭｴ＠ 1

(i ii) ｾ＠ 1R {ffif , l{R "ffiTRf ll ｾ＠ ｾ＠ "ffiJT t I

(iv) "ffiTRf "$" ｾ＠ ｾ Ｎ＠ "(11TTI'f femur ll ｾ＠ ｾ＠ \iffiiT I

State giving reasons whether the following statements are true or false :

(i) Factory cost is Jess than cost of production.

(ii ) Cost of sale is more than prime cost.

(iii) Depreciation on plant is included in prime cost.

(iv) Components of cost are not shown in cost sheet.

6. ltCfl" ｾ＠ ciT llR ｾ＠ ｾ＠ 3,200 t afu" Cfli({Sll11 "ffiTRf ｾ＠ 4,800 t I Cfll<€1111 34R6qll ciT llURT

2

2

ｾ＠ ｾ＠ Cfll<€1111 ｾ＠ lR, Cfll<€1111 34R6q4l ｾ＠ Jffimo ciT llURT ｾ＠ I 2

202/1

Prime cost of an article is ｾ＠ 3,200 and factory cost is ｾ＠ 4,800. Calculate the factory

overheads and percentage of factory overheads on factory cost.

What is meant by ' time keeping' and ' time booking' ? State any two objects of time

booking.

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8. ｾ＠ '1fTOR Cfft ＧｾｬｩｬｴｬＢｪｾｬｻ＠ ｾﾷ＠ 31tt ＧｃｨｬｬｴｬＢｪｾｬ＼＠ ｾ ﾷ＠ ｾ＠ CfiT Cf<IT ｾ＠ t ?

9.

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ｾｬｩｬｴｬＢｪｾｬ＼＠ ｾ＠ '1fTOR ｾ･ｬｬｾｾｾ＠ q;f ｾ＠ I 4

What is meant by ' time wage' and 'piece-meal wage' systems of wage payment ? Explain any two advantages of time wage payment system.

f•11=-1fMf€1o "1iGl ｾ＠ ｾ＠ fcmur ｾ＠ :

ｾ＠

(i) ｾｭｒｃｦｩｔｾ＠ 25,000

(ii) ｾｃｦｩｔＧｦｔｏｒ＠ 10,000

(iii) ｾｃｦｩｬｾ＠ 3,000

(iv) ｾｾ＠ 1,000

(v) Chlltl\"ilt "RJq) CfiT <tR 4,000

(vi) ｾｬｋｾ＠ 2,000

(vii) ｾｾｾＭｾｾ＠ 1,500

(viii) ｾ＠ llTR CfiT ｾ＠ 3fu- ｾ＠ 5,000 3fu- ｾ＠ 2,000 ｾｾ＠

Prepare cost sheet from the following items :

ｾ＠

(i) Raw material purchased 25,000

(ii) Wages paid 10,000

(iii) Fuel expenses 3,000

(iv) Packing charges 1,000

(v) Salaries of office staff 4,000

(vi) Commission on sales 2,000

(vii) Printing & stationery 1,500

(viii) Opening and Closing Stock ｾ＠ 5,000 and ｾ＠ 2,000 of raw material

3 IP.T.O.

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f

(i) mrcrr 3,000

(ii) ｾ＠ 1,400

(iii) tml 2,000

(iv) ｾ＠ 1,000

(v) llTR q;r .3lfJ1 ｾ＠ 1,500

ｾｾＺ＠

fcNJ1T

l6' lSI' TT

ｾＨｃｐｔｾｬｬＩ＠ 500 300 200

ｾｾｱｦｴｾ＠ 12 8 8

ｾｾｱｦｴｾ＠ 40 24 16

ｾｃｦｩｦｾＨｾｬｬＩ＠ 36,000 24,000 20,000

ｾｃｦｩｦｾＨｦｬｬＩ＠ 15,000 9,000 6,000

Distribute the following costs incurred in a factory among three production

departments A, B and C :

f

(i) Rent 3,000

(ii) Lighting 1,400

(iii) Depreciation 2,000

(iv) Supervision 1,000 -

(v) Fire insurance of stock 1,500

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Additional infonnation :

Departments

A B c Area (in sq.ft) 500 300 200

Number of light points 12 8 8

Number of workers 40 24 16

Value of machines Ｈｩｮｾ＠ 36,000 24,000 20,000

Value of stock (in ｾＩ＠ 15,000 9,000 6,000

OR

What is meant by 'absorption of overheads' ? Explain the method of 'allocation' and 'apportionment' of overheads.

AUDITING

11. ｾｾ｣ｦ＾ｾ｣ｮｾｾｾｇｴｾｱ［ｲｾｾ＠ 1

State any two duties and two rights of a Company Auditor.

"Evidence is as to auditing as brain to human being." Explain it briefly.

13. ｾ＠ w ffi1 ｾ＠ ｾ＠ ｾ Ｌ＠ ｾ＠ 3lT1:ff ｾ＠ ｾ＠ cf; "&Tffi q;r ｾ＠ Cf){;f cf; GfK 3m .3ltFft

2

ｾ＠ ftq)t ll ｾｦｾｦｍｉＱ＠ CR1T ｾ＠ I 3

202/1

State any three features you would like to include in your Audit Report after auditing the accounts of Army Public School.

State the qualifications of an auditor as provided in the Companies Act, 1956.

State any three purposes of audit report.

3

3

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3

(i) ｾ＠

(i i) JllllUR

Define the following :

(i) Evidence

(ii) Vouching

17. ｾ＠ ftq)t q:qr t ? ｾ＠ fcRt ｾ＠ ｾ＠ *" 1Jli ｾ＠ ｾ＠ ft;rlt ｾ＠ ftq)t ｾ＠ ｾｬｻｕｬ＠

•mort' 4

202/1

What is an Audit Report ? Name any four parties for whom Audit Report is an important document.

(i) ｾＧｦｔｏｒ＠

(ii) Ｑ＼ｒｾ＠

(iii) ｾｩｬｩｈ＼ｩｦ＠ Cf>1 ｾ＠

(iv) mr:rr'fTOR

(v) ｾｾｭｴ＼ｦｭ＠

What step would you take to vouch any three of the following items ? Explain.

(i) Commission paid

(ii) Cash sales

(iii) Directors' fee

(iv) Rent paid

(v) Cash received from debtors

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19. ｾ＠ ｾ＠ 'Cfi1ll;ft q;r ｾ＠ ｾ＠ cl> ｾ＠ f"1"1fMf€io 1l ｾ＠ ｾ＠ ｾ＠ ｾ＠ cl> ｾ＠ cl> Wt<t fiR

202/1

ｾ＠ Cfl1 3ilcH'llCfldl m, ｾ＠ 1T1l ｾ＠ : 6

(i) ｾｬｦｦｩｙｉＧ＠

(ii) ｾ＠

(iii) ｾ＠

(iv) ｾｾ＠

(v) ｾｦｦｬ＠

(vi) ｾＭｱｲｾｾ＠

Name the documents you would require as an auditor of a company for verification of any four of the following items:

(i) Raw material

(ii) Creditors

(iii) Capital

(iv) Rent outstanding

(v) Cash balance

(vi) Pre-paid interest on loan

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