Q1. Prepare final account from the following
Rajats Capital
758000
Building & Electrification
470000
Plant & Machinary
217500
Patents
145000
Drawings
52600
Cash in Hand
125600
Opening stock
285000
Salaries
220000
Purchases
593000
Carriage inward
4500
Travelling Expenses
12000
Insurance Premium
42000
Vehicle
213000
Carriage outward
32900
Sales
1584000
Bank balance HDFC
480000
Bank charges
2550
Bank Overdraft (PNB)
541500
Debtors
680000
Creditors
692150
Total
3575650
3575650
The following adjustments are to be considered:
1. The closing stock was valued at Rs. 86000.
2. Insurance Premium amounting to Rs. 5000 is prepared.
3. Outstanding salaries amount to Rs. 120000
4. Depreciate Plant & Machinary @ 10% and Patents @ 20%
Q2. X Ltd. furnishes the folloeing information relating to the half year ended on 30.09.11
Fixed expenses Rs. 45000
Sales value Rs. 150000
Profit Rs. 30000
During the second half of the year it has projected a loss of Rs. 10000.
Calculate:
a. Margin of safety for six months ending on 30.09.11
b. Expected sales volume for second half assuming the P/V ratio and fixed expenses remain constant for the second half of the year.
c. The BEP and MOS for the whole year 2011-12
Q3. Write notes on:
Process costing
Budgetary control
Q4. Expalin element of cost with suitable examples.
Q5 Expalin feature of industry where Operating Costing is most suitable method of recording costs
Q6. Draw CPV analysis with graph explaining BEP, MOS.
Rajats Capital
758000
Building & Electrification
470000
Plant & Machinary
217500
Patents
145000
Drawings
52600
Cash in Hand
125600
Opening stock
285000
Salaries
220000
Purchases
593000
Carriage inward
4500
Travelling Expenses
12000
Insurance Premium
42000
Vehicle
213000
Carriage outward
32900
Sales
1584000
Bank balance HDFC
480000
Bank charges
2550
Bank Overdraft (PNB)
541500
Debtors
680000
Creditors
692150
Total
3575650
3575650
The following adjustments are to be considered:
1. The closing stock was valued at Rs. 86000.
2. Insurance Premium amounting to Rs. 5000 is prepared.
3. Outstanding salaries amount to Rs. 120000
4. Depreciate Plant & Machinary @ 10% and Patents @ 20%
Q2. X Ltd. furnishes the folloeing information relating to the half year ended on 30.09.11
Fixed expenses Rs. 45000
Sales value Rs. 150000
Profit Rs. 30000
During the second half of the year it has projected a loss of Rs. 10000.
Calculate:
a. Margin of safety for six months ending on 30.09.11
b. Expected sales volume for second half assuming the P/V ratio and fixed expenses remain constant for the second half of the year.
c. The BEP and MOS for the whole year 2011-12
Q3. Write notes on:
Process costing
Budgetary control
Q4. Expalin element of cost with suitable examples.
Q5 Expalin feature of industry where Operating Costing is most suitable method of recording costs
Q6. Draw CPV analysis with graph explaining BEP, MOS.