problem1) Answer all the problems:
i) What do you mean by Economic order quantity (EOQ)?
ii) What do you understand by variance analysis?
iii) prepare down any four differences between management accounting and financial accounting.
iv) describe trend percentage?
v) How cash flow statement is different from Fund flow statement.
problem2) What is the meaning of Cost Accounting? Describe the difference between cost accounting and financial accounting.
problem3) prepare brief note on:
a) Comparative Balance sheet statement.
b) Ratio analysis.
c) Fund flow statement.
problem4) Prepare a cost sheet from the following particulars:
PARTICULARS Amount (Rs.)
Stock of finished goods 1.1.2009 72,800
Stock of raw material on 1.1.2009 33,280
Purchase of raw material 7,59,200
Productive wages 5,16,880
Sale of finished goods 15,39,200
Stock of finished goods on 31.12.2009 78,000
Stock of raw material on 31.12.2009 35,360
Factory overheads 1,29,220
Office and administrative overheads 70,161
Selling overheads 20,000