F—19(CAM) Revised Syllabus |
|||
Time Allowed : 3 Hours | Full Marks : 100 | ||
The figures in the margin on the right side indicate full marks | |||
Answer Question Nos. 1 and 5, which are compulsory and two each from the remaining questions of Sections I & II. | |||
Section — I(50 marks) | |||
Marks |
1. | (a) | State whether the following statements are "True" or "False" justify with reasons:
|
2x5=10 | ||||||||||||||||||||||||||||||||||||||||
(b) | Which of the following is correct?
|
1x5=5 |
Please turn over |
( 2 )
F—19(CAM) Revised syllabus |
Marks |
(c) | Fill in the blanks with appropriate word/words:
|
1x5=5 | |||||||||||
2. | The following figures are extracted from the Annual Report of Eastern Industries Ltd:
|
||||||||||||
Notes:
|
Please turn over |
( 3 )
F—19(CAM) Revised syllabus |
Marks |
You are required to calculate:
|
10 | ||||||||||||||||
|
5 | ||||||||||||||||
3. | The following data have been collected by you as Cost Auditor of a company:
|
||||||||||||||||
The poor capacity utilisation in 2005-06 was due to abnormal power cut. The escalation in costs were 5% in 2004-05 and 7% over 2004-05 in 2005-06.
|
8+3+4 | ||||||||||||||||
4. | (a) | The financial profit and loss account for the last year ended of a company shows a net profit of Rs. 26,28,000. During the course of cost audit, it was noticed that:
|
8 | ||||||||||||||
(b) | What information has to be provided by a Cost Auditor for "Written Off Stock" during the year under Para 18(B)? | 7 | |||||||||||||||
SECTION II (50 Marks) | |||||||||||||||||
5. | (a) | State whether the following statements are "True" or "False" justify with reasons:
|
2x5=10 |
Please turn over |
( 4 )
F—19(CAM) Revised syllabus |
Marks |
(b) | Indicate the functional area you will take up for Management Audit for verification of the following transactions.
|
1x5=5 | |||||||||||
(c) | Explain in brief the basic differences between any two out of the following:
|
2½x2=5 | |||||||||||
6. | A company suffered heavy damages of Plant and Machinery by tsunami tidal waves and had to close the factory for two months. A claim was lodged with the insurance company for loss of machinery as well as loss of profits. A Cost Accountant was appointed as insurance surveyor and he made an exhaustive study of the damages and discussed the draft report with the concerned claimant company (insured). Is this ethical? State the legal position in this regard and explain the ethics of the profession. | 15 | |||||||||||
7. | What is Corporate Governance? State the key aspects which should be shared by the Board. | 5+10=15 | |||||||||||
8. | Write short notes on (any three):
|
5x3=15 | |||||||||||
__________ |
Disclaimer ♣ Privacy Policy ♣ Terms of Service ♣ Who We Are
© Krishbhavara ♣