P. G. D. F. S. (Semester - I),University Of Pune Question Paper,2010 Question Paper,FINANCIAL AND COST ACCOUNTING

University Of Pune Question Paper
P. G. D. F. S. (Semester - I) Examination - 2010
FINANCIAL AND COST ACCOUNTING
(2008 Pattern)
Time : 3 Hours] [Max. Marks : 70
Instructions :
(1) Attempt any five questions.
(2) All questions carry equal marks.
Q.1) Discuss different Decision-making Tools in Costs Accounting with suitable
examples.
Q.2) What is the difference between Budget and Budgetary Control ? Explain
with suitable examples.
Q.3) Distinguish between Standard Costing and Marginal Costing.
Q.4) Explain various concepts and conventions of Financial Accounting.
Q.5) Define Concept of ‘Costs’ and ‘Costing’. What do you mean by Elements
of Cost ? Explain various Elements of Cost with suitable examples.
Q.6) What is Accountancy ? Distinguish between Cost Accounting and Financial
Accounting with suitable examples.
Q.7) From the following list of balances, prepare a statement showing Net
Operating Income :                        Rs.
Sales                                           5,40,000
Purchases                                    1,60,000
Sales Returns                                40,000
Purchases Returns                         10,000
Opening tock                                  50,000
Closing Stock                                60,000
Rent Received                                1,50,000
Profit on Sale of Asset                1,00,000
Office Expenses                           25,000
Manufacturing Expenses             30,000
Selling Expenses                        10,000
Depreciation                               13,000
Interest on Loan                            2,000
Income Tax                                     150

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