SUBJECT : COST ACCOUNTING

Total Marks: 80

Note : All Questions are Compulsory

Each Question Carries Equal Marks 10 Marks

1. What is the procedure of profit on in completed contract?

2. How are joint products and by products recorded in process costing?

3. What is the method or procedure of reconciliation & advantages of

reconciliation?

4. What are the advantages of marginal costing & limitations of

marginal costing?

5. What are the preliminaries to the establishment of standard cost?

6. What are the scope and areas of cost audit?

7. Explain the advantages of cost accounting. What are the differences
between cost accounting and Financial accounting

8. Cost accounting has become an essential tool of management. Mention the

steps to be taken while installing cost accounting system in a manufacturing
concern.