VNSGU / Saurashtra University · Cost Accounting
Download B.Com Sem 2 Cost Accounting previous year question papers (2019–2024) from VNSGU — Veer Narmad South Gujarat University. Free PDF preview and download with verified step-by-step solutions.
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Meaning, scope, and objectives of Cost Accounting vs Financial Accounting, Cost Classification (Fixed, Variable, Semi-variable, Direct, Indirect), Preparation of Cost Sheet, Material Cost Control (Economic Order Quantity — EOQ, Reorder Level, Minimum/Maximum Stock Levels, Stores Ledger valuation methods: FIFO, LIFO, Weighted Average Price), Labour Costing (Time rate system, Piece rate system, Incentive plans: Halsey and Rowan schemes), Overhead Cost Allocation and Apportionment (Primary and Secondary distribution, Machine Hour Rate calculation).
In Partnership Accounts, always close the Revaluation Account first, transfer profit/loss to Old Partners in Old Ratio, and then adjust Goodwill before calculating closing Partner Capital balances.
Important Exam Focus: Stores Ledger preparation using FIFO and Weighted Average method from given receipt/issue transactions; Cost Sheet preparation with Prime Cost, Works Cost, Cost of Production, and Profit; Machine Hour Rate calculation.