The document outlines 15 important theory questions about cost accounting for a Tybcom Sem-VI degree study channel. It will cover topics like non-integrated accounting systems, cost ledgers, store and work-in-progress control accounts, costing profit and loss accounts, contract costing, work certified and uncertified, retention money, notional profit, process costing, abnormal profit and loss, P/V ratio, break even point, methods of costing, standard costing, standard variances, and life cycle costing. The document aims to help students in their cost accounting studies.
The document outlines 15 important theory questions about cost accounting for a Tybcom Sem-VI degree study channel. It will cover topics like non-integrated accounting systems, cost ledgers, store and work-in-progress control accounts, costing profit and loss accounts, contract costing, work certified and uncertified, retention money, notional profit, process costing, abnormal profit and loss, P/V ratio, break even point, methods of costing, standard costing, standard variances, and life cycle costing. The document aims to help students in their cost accounting studies.
The document outlines 15 important theory questions about cost accounting for a Tybcom Sem-VI degree study channel. It will cover topics like non-integrated accounting systems, cost ledgers, store and work-in-progress control accounts, costing profit and loss accounts, contract costing, work certified and uncertified, retention money, notional profit, process costing, abnormal profit and loss, P/V ratio, break even point, methods of costing, standard costing, standard variances, and life cycle costing. The document aims to help students in their cost accounting studies.
Tybcom Sem-VI Cost accounting IMP Theory Question’s
1. Explainneeds of Non-integrated accounting system
2. Explain cost ledger account (General ledger account) 3. Explain store ledger control account 4. Explain work -in-progress control account 5. Explain costing profit and loss account 3. Explain contact costing 4. Explain work certified 5. Explain work uncertified 5. Explain Retention money 6. Explain Notional profit 7. Explain process costing 8. Explain Abnormal profit 9. Explain Abnormal loss 10. Explain P/V Ratio 11. Explain Break even point 12. Explain methods of costing 13. Explain meaning and benefits of standard costing 14. Explain labour standard variance 15. Explain material standard variance 16. Explain life cycle costing “Aim high join sky”