8

Register Number :

6. wB B]D [ 1.1.2002-_ .30,000-z

kVm. .6,000-z m VzD
FBm. > B]D .4,000 s_
V>m. h - 1, 2001-_ [V
B]D .26,000 \]_ kVm.
h-1, 2002-_ x>o_ kV B]D
.30,000-z sum. > V_, \KD
B]D .25,000-z kVm.
h-1,
2002-_
kV
B]D
31.12.2002-_ .23,000-z sum.
kV g|D z A>^ 31, D_
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>F\VD >|[m. 31.12.2002-_
xD J[ g|z B]
>BVD.

Name of the Candidate :

7. VbD som s B_
>BVD.

December ]

VV^ O

- . 16,000

o K]Bm

- . 12,000

cu] \u^

- 50% ol_

Kk ^

- 10% cu] sl_

suBVe ^ - 5% cu] sl_

]VzD VD

- sl_ 20%

5489
B.B.A. DEGREE EXAMINATION, 2010
( SECOND YEAR )
( PART - III )
( PAPER - V )

230. FINANCIAL AND COST

ACCOUNTING
( Including Lateral Entry )
[ Time : 3 Hours
Maximum : 100 Marks
SECTION A

(10 2 = 20)

Answer any TEN questions.

All questions carry equal marks.
1. (a) What is ledger?
(b) What is revenue expenditure?
(c) What is journal?
(d) What is balance sheet?
Turn Over

(e) What is depreciation?

(~)

AW zA [V_ [?

(f) Define costing?

(c)

>F\VD [V_ [?

(g) What is profit and loss account?

() sBo[ ksD >.

()

V z [V_ [?

()

kV V\u z [V_ [?

(n)

sBo[ x^ >.

()

V V^ [V_ [?

(k) What is time rate?

({)

o [V_ [?

(l)

(n)

\u [V_ [?

(h) What is non-trading concern?

(i)

State any two methods of costing.

(j) What is direct material?

What is overhead?
SECTION B

(4 10 = 40)

Answer any FOUR questions.

All questions carry equal marks.
2. Give the specimen of trading. Profit / Loss
account and balance sheet.
3. Distinguish between Reserves and Provision.
4. Briefly explain the advantage of costing.
5. State the advantages of economic order quantity
(EOQ).

z] - g

(4 10 = 40)

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m sVzD \ \]^.
2. sBVV V z \uD, A
Wz[ \V] k] >.
3. V| \uD, muzx^e kV|^
BVk?
4. s Bo[ [\e sez.
5. E e V^x>_ xl[ [\^
BVk?

Turn Over

4
SECTION C

5
(2 20 = 40)

Debit balance

Rs. Credit balance

B/f.

Answer any TWO questions.

All questions carry equal marks.

3,43,100 B/f.

Drawings

22,000

8. Distinguish between cost accounting and

financial accounting.

Salaries

11,200

Advertising

12,040

9. Explain the advantages of accounting.

Business premises

20,000

10. Prepare Trading and Profit and Loss Account

and Balance Sheet from the following Trial
Balance of Mr. M. Madhan as at 31-12-2006

Cash at bank

94,260

Rs.
5,02,600

5,02,600

5,02,600

Adjustments :
Debit balance
Purchase

Rs. Credit balance

Rs.

1,50,000 Capital

1,70,000

Debtors

92,000 Returns

2,600

Machinery

20,000 Sales

Interest

430 Creditors

2,50,000

(i)

Stock on
Rs.90,000

hand

on

31-12-2006

(ii) P r o v i d e d e p r e c i a t i o n a t 1 0 % o n
Machinery and 5% on Business
Premises.

60,000
(iii) Outstanding expenses :

Rent and insurance

5,600 Bills payable

Trade expenses

2,670

Wages

7,000

Sales returns

5,400

Opening stock

60,000

C/o

3,43,100 C/o.

20,000
Rent

- Rs. 500

And Wages

- Rs. 400

(iv) Prepaid insurance

5,02,600

- Rs.300

(v) Provide 5% on debtors for doubtful

debts.
Turn Over

11. The accounts of a machine manufacturing

company disclose the following information for
the six months ending 31st December, 2004;

6. A second-hand machine was purchased on

1-1-2000 for Rs.30,000 and repair charges
amounted to Rs.6,000. It was installed at a cost
of Rs.4,000. On 1st July, 2001, another
machine was purchased for Rs.26,000. On
1-7-2002, the first machine was sold for
Rs.30,000. On the same day, one more machine
was bought for Rs.25,000. On 31-12-2002, the
machine bought on 1-7-2001 was sold for
Rs.23,000.

Material used

Rs.1,50,000;

Direct wages

Rs.1,20,000

Factory overheads
and administrative
expenses

Rs. 30,000

Rs. 15,000

Prepare the cost sheet of the machine and

calculate the price which the company should
quote for the manufacture of a machine requiring
materials valued Rs.1,250 and expenditure in
productive wages Rs.750 so that the price might
yield a profit 20% on selling price.
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(10 2 = 20)

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()

| [V_ [?

(g) kkVl [V_ [?

()

z| [V_ [?

Accounts are closed every year on

31st December. Depreciation is written-off at
15% on original cost per annum. Prepare the
Machinery Account for 3 years ending
31-12-2002.
7. Prepare a cost sheet from the following
details :
Material consumed
- Rs. 16,000
Wages paid

- Rs. 12,000

Works overheads

- 50% on wages

Administration
expenses

- 10% on works cost

Selling expenses

- 5% on works cost

Profit expected

- 20% on cost.
Turn Over

10

11. B]D >BVzD Wk][ D-31,

2004-D g| xkD g \V> V z
ske kl|m.

z] -

JV^^ B[|]Bm -

. 1,50,000.

1,20,000

>VauV \u^

30,000

\uD, WkV ^

15,000

s B >BVm, \uD,
B]D >BV >kBV sA^B
|.
JV^ \]A .1,250.
cu] .750,
su sl_ 20% VD.

(2 20 = 40)

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m sVzD \ \]^.
8. s BKzD \uD, W]lB_
uzD c^e kV|^ BVk?
9. Bo[ [\e sez.
10. ]. D. \>[ [k[ 31.12.2006 >]l
A V>lom sBVV, V
D, > >]l_ AW
zD >BVD.
u A^
. k A^
V^x>_
1,50,000 x>_
V^
92,000 ]^
B]D
20,000 su
k
430 >V
k \uD, V|
5,600 Km
\Vu |
sBVV ^
2,670
o
7,000
su ]D
5,400
>V z
60,000
|A^
22,000
DeD
11,200
seDD
12,040
su keVD
20,000
VD & k
94,260
5,02,600

.
1,70,000
2,600
2,50,000
60,000
20,000

5,02,600
Turn Over