NEB Class 12 Management Accounting Question Paper 2082 (Set K) Nepal
This is the official NEB Class 12 (Management stream) Accounting question paper for 2082 Set K, as set in the regular annual examination. It carries 75 full marks and a time allowance of 180 minutes, across 25 questions. On Kekkei you can attempt this Accounting past paper online with a timer, get instant AI feedback and step-by-step solutions, and track the topics where you lose marks — completely free. Whether you are revising for your NEB Class 12 Accounting exam or solving previous years' question papers, this 2082 paper is a great way to practise under real exam conditions.
Group 'A'
Very short answer questions. Attempt all the questions.
Write any two features of Public Company.
Two features of a public company:
- Minimum membership of seven with no upper limit on the maximum number of shareholders.
- Free transferability of shares — shares can be freely sold and transferred to the public, and the company can issue shares/debentures to the public through a prospectus.
Define authorized capital.
Authorized capital (also called registered or nominal capital) is the maximum amount of share capital, stated in the company's Memorandum of Association, that a company is authorized to raise by issuing shares to the public.
Write any two items of assets.
Two items of assets:
- Land and building (fixed/non-current asset).
- Cash and bank balance (current asset).
Other acceptable items: machinery, furniture, debtors, inventory/stock.
Write any two importance of Cost Accounting.
Two importances of cost accounting:
- Cost control — it helps in ascertaining and controlling the cost of products, thereby reducing wastage.
- Price fixation / decision making — it provides cost data that helps management to fix selling prices and make managerial decisions.
Classify the overhead on the basis of control.
On the basis of control, overheads are classified into:
- Controllable overhead — overheads that can be controlled by the action of management (e.g. indirect material, indirect labour).
- Uncontrollable overhead — overheads that cannot be controlled by management action (e.g. rent, depreciation of factory building).
Write the meaning of decentralized store.
A decentralized store is a system of store-keeping in which separate stores are maintained at different departments or locations, each keeping the materials required by its own department, instead of storing all materials at one central place.
Write about time card.
A time card is a document maintained for each worker that records the time of arrival and departure (attendance) of the worker. It shows the total time spent by the worker in the factory and is used for the calculation of wages.
State any two elements of computer system in accounting.
Two elements of a computer system in accounting:
- Hardware — the physical components (CPU, monitor, keyboard, printer, etc.).
- Software — the accounting programs/applications used to process accounting data.
Other acceptable elements: data, people (users), procedures.
Prepare adjustment entry of provision for tax of Rs. 1,00,000.
Adjustment (journal) entry for provision for tax:
| Particulars | Dr. (Rs.) | Cr. (Rs.) |
|---|---|---|
| Profit and Loss A/c ............ Dr. | 1,00,000 | |
| To Provision for Tax A/c | 1,00,000 |
(Being provision created for income tax.)
From the following information, calculate cash paid to creditors in second year.
| Particulars | Amount |
|---|---|
| Total purchase | Rs. 12,00,000 |
| Sundry creditors: Year first | Rs. 80,000 |
| Sundry creditors: Year second | Rs. 1,20,000 |
Numeric answer (Rs.)
Annual requirement is 18,000 kg. and Economic Order Quantity is 3,000 kg. Find out number of order.
Numeric answer (orders)
Group 'B'
Short answer questions.
A Company issued 6,000 shares of Rs.100 each payable as follows:
| Stage | Amount |
|---|---|
| On application | Rs. 30 |
| On allotment | Rs. 45 |
| On first and final call | Rs. 25 |
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]
Working — distribution of applications (9,000 shares applied for 6,000 issued):
- Full allotment: 3,000 shares applied → 3,000 allotted.
- Pro-rata: 4,000 shares applied → 3,000 allotted (ratio 4:3).
- Refunded: 9,000 − 3,000 − 4,000 = 2,000 shares applied → rejected/refunded.
Excess application money on pro-rata group = (4,000 − 3,000) × Rs.30 = Rs.30,000 (adjusted on allotment).
a) Share Application:
| Particulars | Dr. (Rs.) | Cr. (Rs.) |
|---|---|---|
| Bank A/c ......... Dr. (9,000 × 30) | 2,70,000 | |
| To Share Application A/c | 2,70,000 | |
| Share Application A/c ......... Dr. | 2,70,000 | |
| To Share Capital A/c (6,000 × 30) | 1,80,000 | |
| To Share Allotment A/c (excess) | 30,000 | |
| To Bank A/c (2,000 × 30 refund) | 60,000 |
b) Share Allotment:
Allotment due = 6,000 × 45 = Rs.2,70,000; less excess adjusted Rs.30,000 → received Rs.2,40,000.
| Particulars | Dr. (Rs.) | Cr. (Rs.) |
|---|---|---|
| Share Allotment A/c ......... Dr. | 2,70,000 | |
| To Share Capital A/c | 2,70,000 | |
| Bank A/c ......... Dr. | 2,40,000 | |
| To Share Allotment A/c | 2,40,000 |
c) First and Final Call:
Call due = 6,000 × 25 = Rs.1,50,000; not received on 500 shares = 500 × 25 = Rs.12,500; received = Rs.1,37,500.
| Particulars | Dr. (Rs.) | Cr. (Rs.) |
|---|---|---|
| Share First & Final Call A/c ......... Dr. | 1,50,000 | |
| To Share Capital A/c | 1,50,000 | |
| Bank A/c ......... Dr. | 1,37,500 | |
| Calls in Arrear A/c ......... Dr. | 12,500 | |
| To Share First & Final Call A/c | 1,50,000 |
13.(I) P company issued shares of Rs.100 each at 10% discount to purchase following assets from S Company.
| Assets | Amount |
|---|---|
| Plant and machinery | Rs. 6,00,000 |
| Furniture | Rs. 50,000 |
| Inventory | Rs. 1,00,000 |
Required: Journal entries for assets purchased by issuing shares. [1+1]
Total purchase consideration (net assets) = 6,00,000 + 50,000 + 1,00,000 = Rs.7,50,000.
Shares issued at 10% discount → issue price per share = Rs.90.
Number of shares = 7,50,000 / 90 = 8,333.33 ≈ 8,334 shares (or treat as 8,333.33).
Journal entries:
| Particulars | Dr. (Rs.) | Cr. (Rs.) |
|---|---|---|
| Plant and Machinery A/c ......... Dr. | 6,00,000 | |
| Furniture A/c ......... Dr. | 50,000 | |
| Inventory A/c ......... Dr. | 1,00,000 | |
| To S Company (Vendor) A/c | 7,50,000 | |
| (Being assets purchased) | ||
| S Company (Vendor) A/c ......... Dr. | 7,50,000 | |
| Discount on Issue of Shares A/c ......... Dr. | 83,333 | |
| To Share Capital A/c | 8,33,333 | |
| (Being shares issued at 10% discount to vendor) |
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]
Face value = 500 × 1,000 = Rs.5,00,000. Premium on issue = 5% × 5,00,000 = Rs.25,000 → cash received = Rs.5,25,000. Redemption at 10% discount → redeemed at Rs.4,50,000 (i.e. 90% of face value).
1. On issue (receipt of money):
| Particulars | Dr. (Rs.) | Cr. (Rs.) |
|---|---|---|
| Bank A/c ......... Dr. | 5,25,000 | |
| To Debenture Application & Allotment A/c | 5,25,000 |
2. On allotment (transfer to debentures with premium):
| Particulars | Dr. (Rs.) | Cr. (Rs.) |
|---|---|---|
| Debenture Application & Allotment A/c ......... Dr. | 5,25,000 | |
| To 10% Debentures A/c | 5,00,000 | |
| To Premium on Issue of Debentures A/c | 25,000 |
3. On redemption (after 5 years, at 10% discount):
| Particulars | Dr. (Rs.) | Cr. (Rs.) |
|---|---|---|
| 10% Debentures A/c ......... Dr. | 5,00,000 | |
| To Debenture-holders A/c | 4,50,000 | |
| To Profit on Redemption of Debentures A/c | 50,000 | |
| Debenture-holders A/c ......... Dr. | 4,50,000 | |
| To Bank A/c | 4,50,000 |
(Redemption at 10% discount yields a profit of Rs.50,000.)
The closing ledger balances of company are given below:
| Particulars | Rs. |
|---|---|
| Opening stock | 40,000 |
| Purchase | 5,50,000 |
| Wages | 60,000 |
| Salary | 80,000 |
| Discount received | 10,000 |
| Interest expenses | 12,000 |
| Administrative expenses | 35,000 |
| Sales | 9,00,000 |
| Advertisement expenses | 25,000 |
| Rent expenses | 15,000 |
| Water & electricity expenses | 30,000 |
Additional information:
| Rs. | |
|---|---|
| i) Closing stock | 50,000 |
| ii) Income tax provision | 25% |
| iii) Outstanding rent | 3,000 |
Required:
a) Trading Account b) Profit & Loss Account
[2+3]
a) Trading Account
| Dr. Particulars | Rs. | Cr. Particulars | Rs. |
|---|---|---|---|
| To Opening stock | 40,000 | By Sales | 9,00,000 |
| To Purchase | 5,50,000 | By Closing stock | 50,000 |
| To Wages | 60,000 | ||
| To Gross profit c/d | 3,00,000 | ||
| Total | 9,50,000 | Total | 9,50,000 |
b) Profit & Loss Account
| Dr. Particulars | Rs. | Cr. Particulars | Rs. |
|---|---|---|---|
| To Salary | 80,000 | By Gross profit b/d | 3,00,000 |
| To Interest expenses | 12,000 | By Discount received | 10,000 |
| To Administrative expenses | 35,000 | ||
| To Advertisement expenses | 25,000 | ||
| To Rent (15,000 + 3,000 o/s) | 18,000 | ||
| To Water & electricity expenses | 30,000 | ||
| To Provision for income tax (25% of 1,10,000) | 27,500 | ||
| To Net profit | 82,500 | ||
| Total | 3,10,000 | Total | 3,10,000 |
Profit before tax = 3,10,000 − 2,00,000 = Rs.1,10,000; tax @25% = Rs.27,500; Net profit after tax = Rs.82,500.
The trial balance of a company is given below:
| Particulars | Dr. (Rs.) | Cr. (Rs.) |
|---|---|---|
| Purchase | 2,00,000 | |
| Wages | 50,000 | |
| Salary | 35,000 | |
| Prepaid rent | 20,000 | |
| Machinery | 3,50,000 | |
| Furniture | 1,60,000 | |
| Debtors | 40,000 | |
| Cash | 15,000 | |
| Sales | 4,50,000 | |
| Share capital | 3,50,000 | |
| Retained earnings | 70,000 | |
| Total | 8,70,000 | 8,70,000 |
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]
Adjustments: (i) Prepaid rent expired Rs.12,000 → Rent expense Dr. 12,000, Prepaid rent reduced to Rs.8,000. (ii) Depreciation on machinery @10% of 3,50,000 = Rs.35,000.
Work Sheet (key columns):
Income Statement (Dr. side expenses): Purchase 2,00,000 + Wages 50,000 + Salary 35,000 + Rent expired 12,000 + Depreciation 35,000 = Rs.3,32,000. Credit side: Sales 4,50,000.
Net profit = 4,50,000 − 3,32,000 = Rs.1,18,000.
Balance Sheet (Assets): Machinery (3,50,000 − 35,000) 3,15,000; Furniture 1,60,000; Debtors 40,000; Cash 15,000; Prepaid rent (20,000 − 12,000) 8,000 = Rs.5,38,000.
Balance Sheet (Liabilities & Equity): Share capital 3,50,000; Retained earnings 70,000; Net profit 1,18,000 = Rs.5,38,000.
| Particulars | Trial Balance Dr | Trial Balance Cr | Adj Dr | Adj Cr | Income Stmt Dr | Income Stmt Cr | Bal Sheet Dr | Bal Sheet Cr |
|---|---|---|---|---|---|---|---|---|
| Purchase | 2,00,000 | 2,00,000 | ||||||
| Wages | 50,000 | 50,000 | ||||||
| Salary | 35,000 | 35,000 | ||||||
| Prepaid rent | 20,000 | 12,000 | 8,000 | |||||
| Machinery | 3,50,000 | 35,000 | 3,15,000 | |||||
| Furniture | 1,60,000 | 1,60,000 | ||||||
| Debtors | 40,000 | 40,000 | ||||||
| Cash | 15,000 | 15,000 | ||||||
| Sales | 4,50,000 | 4,50,000 | ||||||
| Share capital | 3,50,000 | 3,50,000 | ||||||
| Retained earnings | 70,000 | 70,000 | ||||||
| Rent expense | 12,000 | 12,000 | ||||||
| Depreciation | 35,000 | 35,000 | ||||||
| Net profit | 1,18,000 | 1,18,000 | ||||||
| Total | 8,70,000 | 8,70,000 | 47,000 | 47,000 | 4,50,000 | 4,50,000 | 5,38,000 | 5,38,000 |
Write the meaning of cost accounting and explain its any three limitations. [2+3]
Meaning: Cost accounting is the branch of accounting that deals with the recording, classification, allocation and analysis of costs incurred in producing goods or rendering services, in order to ascertain, control and report the cost of products and aid managerial decision making.
Three limitations:
- Expensive: Installing and maintaining a cost accounting system requires extra staff, records and forms, which is costly — often not suitable for small concerns.
- Based on estimates: It uses estimated/predetermined costs, overhead rates and bases of apportionment, so the results may not be fully accurate.
- Complex and not exact: The system involves many forms, procedures and conventions; different methods give different costs, so it lacks uniformity and can be complicated to operate.
17.(I) Explain any two advantages of centralized purchase. [2]
Two advantages of centralized purchase:
- Bulk purchase economy: Purchasing in large quantities through a single department gives better bargaining power, trade discounts and lower prices.
- Better control and uniformity: A single purchasing department ensures uniform purchase policy, specialized staff, better record keeping and effective control over purchases, avoiding duplication.
17.(II) The following store transactions are provided for the month of Magh:
| Date | Transaction | Quantity & Rate |
|---|---|---|
| Magh 1 | Opening stock | 500 units @ Rs. 20 |
| Magh 7 | Purchase | 600 units @ Rs. 22 |
| Magh 15 | Purchase | 800 units @ Rs. 23 |
| Magh 25 | Sold | 1,500 units |
Required: Value of closing stock and cost of goods sold using First In First Out (FIFO) method under periodic inventory system. [1+2]
Numeric answer (Rs.)
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]
Numeric answer (Rs.)
18.(II) On comparison of cost and financial accounts, the following facts were disclosed:
| Rs. | |
|---|---|
| a) Net profit as per cost account | 25,000 |
| b) Factory overhead over recorded in cost account | 10,000 |
| c) Over valuation of opening stock in cost account | 5,000 |
| d) Depreciation under recorded in cost account | 3,000 |
Required: Cost reconciliation statement [3]
Cost Reconciliation Statement (starting from profit as per cost accounts):
| Particulars | Add (Rs.) | Less (Rs.) |
|---|---|---|
| Net profit as per cost account | 25,000 | |
| Add: Factory overhead over-recorded in cost a/c | 10,000 | |
| Add: Over-valuation of opening stock in cost a/c | 5,000 | |
| Less: Depreciation under-recorded in cost a/c | 3,000 | |
| Net profit as per financial account | 37,000 |
Calculation: 25,000 + 10,000 + 5,000 − 3,000 = Rs.37,000.
Reasoning: Over-recording of factory overhead in cost a/c understated cost profit, so add back. Over-valued opening stock in cost a/c increased cost, understating profit, so add back. Depreciation under-recorded in cost a/c overstated cost profit, so deduct.
Explain any five importance of computer system in accounting. [4]
Five importances of computer system in accounting:
- Speed: Large volumes of accounting transactions are processed and reports generated very quickly.
- Accuracy: Once data is correctly entered, calculations (totals, balances) are performed without arithmetical errors.
- Storage and retrieval: Huge amounts of data can be stored compactly and retrieved instantly when required.
- Automatic reports: Trial balance, ledgers and financial statements are generated automatically, saving time and effort.
- Reliability and security: Data can be protected with passwords/backups, giving reliable and secure records and reducing fraud.
Group 'C'
Long answer questions.
Following Trial Balance as on 31st Asar 2081:
| Particulars | Dr. (Rs.) | Cr. (Rs.) |
|---|---|---|
| Opening stock | 40,000 | |
| Purchase | 3,30,000 | |
| Machine | 2,00,000 | |
| Furniture | 1,00,000 | |
| Debtors | 80,000 | |
| Carriage on Purchase | 20,000 | |
| Carriage on Sales | 10,000 | |
| Returns | 15,000 | 28,000 |
| 8% Bank loan | 2,00,000 | |
| 10% Investment | 1,00,000 | |
| Interest | 12,000 | 7,000 |
| Wages | 60,000 | |
| Discount | 80,000 | |
| Salary | 20,000 | |
| Sales | 7,80,000 | |
| Share capital | 2,00,000 | |
| Creditors | 80,000 | |
| Cash & Bank | 3,88,000 | |
| Total | 13,75,000 | 13,75,000 |
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]
Workings:
- Net purchases = 3,30,000 − 28,000 (purchase return) = 3,02,000; Net sales = 7,80,000 − 15,000 (sales return) = 7,65,000.
- Depreciation on machine @10% of 2,00,000 = Rs.20,000.
- Provision for bad debts @5% of 80,000 = Rs.4,000.
- Outstanding salary: monthly salary = 20,000/10 ≈ assume given salary is for 10 months → 2 months outstanding = Rs.4,000 (i.e. 20,000 × 2/10). Adjusted salary = Rs.24,000.
- Interest on bank loan and investment shown as given.
a) Statement of Profit or Loss (multi-step):
| Particulars | Rs. | Rs. |
|---|---|---|
| Revenue (Net Sales) | 7,65,000 | |
| Less: Cost of goods sold | ||
| Opening stock | 40,000 | |
| Add: Net purchases | 3,02,000 | |
| Add: Carriage on purchase | 20,000 | |
| Add: Wages | 60,000 | |
| Less: Closing stock | (90,000) | (3,32,000) |
| Gross Profit | 4,33,000 | |
| Add: Other income (Discount 80,000 + Interest received 7,000) | 87,000 | |
| Less: Operating/other expenses: | ||
| Carriage on sales | 10,000 | |
| Salary (20,000 + 4,000 o/s) | 24,000 | |
| Depreciation on machine | 20,000 | |
| Provision for bad debts | 4,000 | |
| Interest expense (8% bank loan) | 12,000 | (70,000) |
| Net Profit | 4,50,000 |
b) Statement of Financial Position (as on 31st Asar 2081):
| Assets | Rs. | Equity & Liabilities | Rs. |
|---|---|---|---|
| Machine (2,00,000 − 20,000) | 1,80,000 | Share capital | 2,00,000 |
| Furniture | 1,00,000 | Add: Net profit | 4,50,000 |
| 10% Investment | 1,00,000 | 8% Bank loan | 2,00,000 |
| Debtors (80,000 − 4,000) | 76,000 | Creditors | 80,000 |
| Closing stock | 90,000 | Outstanding salary | 4,000 |
| Cash & Bank | 3,88,000 | ||
| Total | 9,34,000 | Total | 9,34,000 |
Following Balance Sheets given as:
| Liabilities | 2080 (Rs.) | 2081 (Rs.) | Assets | 2080 (Rs.) | 2081 (Rs.) |
|---|---|---|---|---|---|
| Share Capital | 4,00,000 | 6,00,000 | Land | 2,00,000 | 3,00,000 |
| Debenture | 2,00,000 | 1,50,000 | Plant | 3,00,000 | 5,00,000 |
| Creditors | 60,000 | 40,000 | Stock | 20,000 | 18,000 |
| Overdraft | 50,000 | 80,000 | Debtors | 80,000 | 32,000 |
| Retained Earning | 40,000 | 90,000 | Cash | 1,50,000 | 1,10,000 |
| Total | 7,50,000 | 9,60,000 | Total | 7,50,000 | 9,60,000 |
Income statement for 2081:
| Particulars | Rs. | Rs. |
|---|---|---|
| Sales | 9,00,000 | |
| Less: Cost of goods sold | 5,00,000 | |
| Gross profit | 4,00,000 | |
| Less: Expenses | ||
| Selling & administrative | 2,20,000 | |
| Depreciation on plant | 80,000 | |
| Premium on redemption of Debenture | 30,000 | 3,30,000 |
| Net profit | 70,000 | |
| Less: Dividend paid | 20,000 | |
| Retaining Earning | 50,000 |
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]
Workings:
- Plant: Opening 3,00,000 − depreciation 80,000 − sold (BV) 40,000 + purchase 3,20,000 = 5,00,000 (= closing). Sale of plant = Rs.40,000 (no gain/loss).
- Debenture redeemed = 2,00,000 − 1,50,000 = 50,000 redeemed, plus premium on redemption Rs.30,000 → cash outflow Rs.80,000.
- Share capital issued = 6,00,000 − 4,00,000 = Rs.2,00,000 (inflow).
- Land purchased = 3,00,000 − 2,00,000 = Rs.1,00,000 (outflow).
Cash Flow Statement (Indirect Method) for 2081:
A. Operating Activities
| Particulars | Rs. | Rs. |
|---|---|---|
| Net profit before tax | 70,000 | |
| Add: Depreciation on plant | 80,000 | |
| Add: Premium on redemption of debenture | 30,000 | 1,10,000 |
| Operating profit before working capital changes | 1,80,000 | |
| Add: Decrease in stock (20,000→18,000) | 2,000 | |
| Add: Decrease in debtors (80,000→32,000) | 48,000 | |
| Less: Decrease in creditors (60,000→40,000) | (20,000) | 30,000 |
| Net cash from operating activities (A) | 2,10,000 |
B. Investing Activities
| Particulars | Rs. |
|---|---|
| Purchase of land | (1,00,000) |
| Purchase of plant | (3,20,000) |
| Sale of plant | 40,000 |
| Net cash used in investing (B) | (3,80,000) |
C. Financing Activities
| Particulars | Rs. |
|---|---|
| Issue of share capital | 2,00,000 |
| Redemption of debenture (50,000 + 30,000 premium) | (80,000) |
| Increase in bank overdraft (50,000→80,000) | 30,000 |
| Dividend paid | (20,000) |
| Net cash from financing (C) | 1,30,000 |
Net change in cash (A+B+C) = 2,10,000 − 3,80,000 + 1,30,000 = (40,000).
Opening cash 1,50,000 − 40,000 = Closing cash Rs.1,10,000 (agrees with balance sheet).
A factory provides the following information:
| Items | Rs. |
|---|---|
| Material purchase | 4,00,000 |
| Carriage on purchase | 20,000 |
| Direct wages | 2,00,000 |
| Chargeable expenses | 80,000 |
| Custom Duty | 10,000 |
| Indirect material | 20,000 |
| Factory rent | 40,000 |
| Depreciation on Factory machinery | 20,000 |
| Depreciation on Office furniture | 30,000 |
| Depreciation on Delivery van | 10,000 |
| Carriage outward | 20,000 |
| Legal fee | 25,000 |
| Audit fee | 18,000 |
Stock of goods:
| Item | Opening (Rs.) | Closing (Rs.) |
|---|---|---|
| Material | 40,000 | 60,000 |
| Semi finished goods | 80,000 | 20,000 |
| Finished goods | 1,00,000 | 70,000 |
Profit policy: 20% on cost
Required: Cost Sheet [8]
Cost Sheet
| Particulars | Rs. | Rs. |
|---|---|---|
| Opening stock of material | 40,000 | |
| Add: Material purchase | 4,00,000 | |
| Add: Carriage on purchase | 20,000 | |
| Add: Custom duty | 10,000 | |
| Less: Closing stock of material | (60,000) | |
| Material consumed | 4,10,000 | |
| Add: Direct wages | 2,00,000 | |
| Add: Chargeable (direct) expenses | 80,000 | |
| Prime Cost | 6,90,000 | |
| Add: Factory overheads: | ||
| Indirect material | 20,000 | |
| Factory rent | 40,000 | |
| Depreciation on factory machinery | 20,000 | 80,000 |
| 7,70,000 | ||
| Add: Opening semi-finished (WIP) | 80,000 | |
| Less: Closing semi-finished (WIP) | (20,000) | 60,000 |
| Factory / Works Cost | 8,30,000 | |
| Add: Office & administrative overheads: | ||
| Depreciation on office furniture | 30,000 | |
| Legal fee | 25,000 | |
| Audit fee | 18,000 | 73,000 |
| Cost of Production | 9,03,000 | |
| Add: Opening finished goods | 1,00,000 | |
| Less: Closing finished goods | (70,000) | 30,000 |
| Cost of Goods Sold | 9,33,000 | |
| Add: Selling & distribution overheads: | ||
| Depreciation on delivery van | 10,000 | |
| Carriage outward | 20,000 | 30,000 |
| Cost of Sales / Total Cost | 9,63,000 | |
| Add: Profit (20% on cost) | 1,92,600 | |
| Sales | 11,55,600 |
Frequently asked questions
- Where can I find the NEB Class 12 Accounting question paper 2082?
- The full NEB Class 12 Accounting 2082 (regular) question paper is available free on Kekkei. You can read every question online and attempt the paper under timed exam conditions.
- Does the Accounting 2082 paper come with solutions?
- Yes. Every question on this Accounting past paper includes a step-by-step solution, plus instant AI feedback when you attempt it on Kekkei.
- How many marks is the NEB Class 12 Accounting 2082 paper?
- The NEB Class 12 Accounting 2082 paper carries 75 full marks and is meant to be completed in 180 minutes, across 25 questions.
- Is practising this Accounting past paper free?
- Yes — reading and attempting this Accounting past paper on Kekkei is completely free.