NEB Class 12 Management Accounting Question Paper 2082 (Set K)

Write any two features of Public Company.

Define authorized capital.

Write any two items of assets.

Write any two importance of Cost Accounting.

Classify the overhead on the basis of control.

Write the meaning of decentralized store.

Write about time card.

State any two elements of computer system in accounting.

Prepare adjustment entry of provision for tax of Rs. 1,00,000.

From the following information, calculate cash paid to creditors in second year.

Annual requirement is 18,000 kg. and Economic Order Quantity is 3,000 kg. Find out number of order.

A Company issued 6,000 shares of Rs.100 each payable as follows:

Application were received for 9,000 shares. Among them, applicants for 3,000 shares were allotted full, 4,000 applicants were allotted on pro-rata basis and rest applicants were refunded. Excess application money was adjusted on subsequent calls. All money duly received except final call money on 500 shares.

Required:

a) Share application b) Share allotment c) First and final call

[2+1.5+1.5]

13.(I) P company issued shares of Rs.100 each at 10% discount to purchase following assets from S Company.

Required: Journal entries for assets purchased by issuing shares. [1+1]

13.(II) C Company issued 500, 10% Debentures of Rs.1,000 each at 5% premium, redeemable at 10% discount after 5 years.

Required: Entries for issue and redemption of Debentures. [1+1+1]

The closing ledger balances of company are given below:

Additional information:

Required:

a) Trading Account b) Profit & Loss Account

[2+3]

The trial balance of a company is given below:

Additional information:

i) Prepaid rent expired: Rs. 12,000 ii) Depreciation on machinery: @10%

Required: Work sheet

(You should prepare format of worksheet yourself.)

[5]

Write the meaning of cost accounting and explain its any three limitations. [2+3]

17.(I) Explain any two advantages of centralized purchase. [2]

17.(II) The following store transactions are provided for the month of Magh:

Required: Value of closing stock and cost of goods sold using First In First Out (FIFO) method under periodic inventory system. [1+2]

18.(I) A worker produces 400 units in a week. Normal production per hour will be 10 units. The wage rate per hour is Rs.50.

Required: Earning of worker in a week. [2]

18.(II) On comparison of cost and financial accounts, the following facts were disclosed:

Required: Cost reconciliation statement [3]

Explain any five importance of computer system in accounting. [4]

Following Trial Balance as on 31st Asar 2081:

Additional information:

i) Closing stock: Rs.90,000 ii) Depreciation on machinery: 10% iii) Provision for bad debts: 5% iv) Outstanding salary for two months

Required:

a) NFRS अन्तर्गत नाफा नोक्सान विवरण (Statement of Profit or Loss under NFRS) b) NFRS अन्तर्गत वित्तीय अवस्थाको विवरण (Statement of Financial Position under NFRS)

OR / अथवा

a) बहुस्तरीय आय विवरण (Multi step income statement) b) वित्तीय अवस्थाको विवरण (Statement of financial position)

[4+4]

Following Balance Sheets given as:

Income statement for 2081:

Additional information: Plant was sold at book value of Rs.40,000 and purchase a new plant for Rs.3,20,000.

Required: Cash flow statement using indirect method [4+2+1+1]

A factory provides the following information:

Stock of goods:

Profit policy: 20% on cost

Required: Cost Sheet [8]