CBSE Class 12 Question Paper 2023 Cost Accounting

Qu e st i o n

P a p e r
2023

Series FGHE Set-4
àíZ-nÌ H$moS>
Q.P. Code 347
amob Z§.
Roll No.

bmJV boIm§H$Z
COST ACCOUNTING
:3 : 60
Time allowed : 3 hours Maximum Marks : 60

H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _o§ _w{ÐV n¥ð> 15 h¢ &
àíZ-nÌ _| Xm{hZo hmW H$s Amoa {XE JE àíZ-nÌ H$moS H$mo narjmWu CÎma-nwpñVH$m Ho$
_wI-n¥>ð> na {bI| &
H¥$n`m Om±M H$a b| {H$ Bg àíZ-nÌ _| >24 àíZ h¢ &
H¥$n`m àíZ H$m CÎma {bIZm ewê$ H$aZo go nhbo, CÎma-nwpñVH$m _| àíZ H$m H«$_m§H$
Adí` {bI| &
Bg àíZ-nÌ 15 {_ZQ >H$m g_` {X`m J`m h¡ & àíZ-nÌ H$m {dVaU
10.15 ~Oo {H$`m OmEJm & 10.15 ~Oo go 10.30 ~Oo VH$ N>mÌ Ho$db
àíZ- -nwpñVH$m na H$moB© CÎma Zht {bI|Jo &

Please check that this question paper contains 15 printed pages.
Q.P. Code given on the right hand side of the question paper should be
written on the title page of the answer-book by the candidate.
Please check that this question paper contains 24 questions.
Please write down the serial number of the question in the
answer-book before attempting it.
15 minute time has been allotted to read this question paper. The
question paper will be distributed at 10.15 a.m. From 10.15 a.m. to
10.30 a.m., the students will read the question paper only and will not
write any answer on the answer-book during this period.
*
347 Page 1 of 15 P.T.O.

:
(i)
(ii) 24 :
(iii)
(iv) (6 + 18) = 24 3
(6 + 11) = 17
(v)
(vi) : 30 :
(a) 6
(b)
(c)
(d) /
(vii) : 30 :
(a) 18
(b) 11
(c)
(d) /

IÊS> H$ $
(dñVw{ZîR> àíZ) (30 A§H$)

1. amoµOJma H$m¡eb na {XE JE 6 àíZm| _| go {H$Ýht 4 àíZm| Ho$ CÎma Xr{OE & 4 1=4

(i) ~mÜ`Vm _ZmoJ«pñV ì`{º$Ëd {dH$ma H$mo n[a^m{fV H$s{OE &
(ii) ?

(iii) EH$ bmJV boImH$ma gob H$s {df`-dñVw H$s à{V{b{n H$mo noñQ> H$aZm MmhVm h¡ &
Cgo H$m¡Z-gr em°Q>©H$Q> Hw±$Or H$m Cn`moJ H$aZm Mm{hE ?
(a) Ctrl + X (b) Ctrl + C
(c) Ctrl + S (d) Ctrl + V

347 Page 2 of 15

General Instructions :
(i) Please read the instructions carefully.
(ii) This question paper consists of 24 questions in two Sections : Section A
and Section B.
(iii) Section A has Objective type questions whereas Section B contains
Subjective type questions.
(iv) Out of the given (6 + 18) = 24 questions, a candidate has to answer
(6 + 11) = 17 questions in the allotted (maximum) time of 3 hours.
(v) All questions of a particular section must be attempted in the correct
order.
(vi) Section A : Objective Type Questions (30 marks) :
(a) This section has 6 questions.
(b) There is no negative marking.
(c) Do as per the instructions given.
(d) Marks allotted are mentioned against each question/part.
(vii) Section B : Subjective Type Questions (30 marks) :
(a) This section has 18 questions.
(b) A candidate has to do 11 questions.
(c) Do as per the instructions given.
(d) Marks allotted are mentioned against each question/part.

Section A
(Objective Type Questions) (30 Marks)

1. Answer any 4 questions out of the given 6 questions on employability
skills. 4 1=4
(i) Define Obsessive Compulsive Personality Disorder.
(ii) What is meant by Paranoid ?
(iii) A cost accountant wants to paste the copy of the cell contents. Which
shortcut key should he use ?
(a) Ctrl + X (b) Ctrl + C
(c) Ctrl + S (d) Ctrl + V
347 Page 3 of 15 P.T.O.

(iv) ñàoS>erQ> gm°âQ>do`a Ho$ {bE Cn`moJ {H$`m OmZo dmbm AÝ` nX h¡ :
(a) E_.Eg. dS>© (b) E_.Eg.
(c) dH©$~wH$ (d) boAmCQ>
(v) ___________ EH$ CÚ_r Ho$ {bE Omo{I_ CR>mZo H$m nwañH$ma h¡ &

(vi) ny±Or H$s H$_r __________ &
(a) ZoV¥Ëd (b) CÚ{_Vm
(c) H$_©Mm[a`m| (d) g_mO

2. {XE JE 7 àíZm| _| go {H$Ýht 5 àíZm| Ho$ CÎma Xr{OE & 5 1=5

(i) H$maImZm bmJV H$mo n[a^m{fV H$s{OE &
(ii) CËnmXZ bmJV boIm§H$Z H$mo ___________ ^r H$hVo h¢ &
(a) Om°~ bmJV boIm§H$Z (b) EH$b bmJV boIm§H$Z
(c) à{H«$`m bmJV boIm§H$Z (d) AZw~§Y bmJV boIm§H$Z
(iii) _yb bmJV H$s JUZm H$m gyÌ {b{IE &
(iv) H$m`m©b` à~§YH$ H$m doVZ ___________ Cn[aì``m| Ho$ AÝVJ©V AmVm h¡ &
(v) Mmby H$m_ H$m àH$ma h¡ :
(a)

(b) ^§S>maJ¥h _| aIZo Ho$ {bE V¡`ma
(c) {dH«$` Ho$ {bE V¡`ma
(d) AmJo H$s à{H«$`m na H$m`© H$aZo Ho$ {bE V¡`ma
(vi) ___________ bmJV {ddaU _| dmñV{dH$ ì`` {H$E JE bmJV _yë` hmoVo h¢ &

(vii) A{^`m§{ÌH$s VWm OhmO-{Z_m©U CÚmoJ Cn`moJ H$aVo h¢ :
(a) Om°~ bmJV boIm§H$Z (b) à{H«$`m bmJV boIm§H$Z
(c) EH$b bmJV boIm§H$Z (d) àMmbZ bmJV boIm§H$Z
347 Page 4 of 15

(iv) Another term that is used for a Spreadsheet Software is :
(a) MS Word (b) MS Excel
(c) Workbook (d) Layout

(v) ___________ is the reward for an entrepreneur for bearing the risk.

(vi) Shortage of capital is a huge barrier to __________ .
(a) Leadership (b) Entrepreneurship
(c) Employees (d) Society

2. Answer any 5 out of the given 7 questions. 5 1=5

(i) Define Factory Cost.

(ii) Output costing is also called __________.
(a) Job costing (b) Single costing
(c) Process costing (d) Contract costing

(iii) Write the formula to compute Prime Cost.

(iv) Office M salary comes under __________ overheads.

(v) The form of work-in-progress is :
(a) Ready to be used as raw material
(b) Ready to be kept in warehouse
(c) Ready to be sold
(d) Ready to be worked upon for further processing

(vi) ___________ cost sheet considers the cost value that has actually
been incurred.

(vii) Engineering and Shipbuilding industries use :
(a) Job costing (b) Process costing
(c) Single costing (d) Operating costing

347 Page 5 of 15 P.T.O.

3. {XE JE 7 àíZm| _| go {H$Ýht 6 àíZm| Ho$ CÎma Xr{OE & 6 1=6

(i) CËnmXZ VWm `moOZm {d^mJ àË`oH$ Om°~ àMmbZ na Om°~ H$s nyU©Vm H$s pñW{V Ho$
{df` _| AÚVZ gyMZm àXmZ H$aZo Ho$ {bE ___________ Omar H$aVm h¡ &
(ii) CËnmXZ Ed§ `moOZm {d^mJ H$mo àJ{V gyMZm H$m¡Z ^oOVm h¡ ?
(a) CËnmXZ à~§YH$ (b) \$moa_¡Z
(c) _hmà~§YH$ (d) H$maImZm à~§YH$
(iii) dh _OXÿar g_` Omo àË`j ê$n go {deof Om°~/CËnmX go gå~pÝYV h¡, H$hbmVm h¡ :
(a) Cn[aì`` (b) àË`j ì``
(c) àË`j _OXÿar (d) AàË`j _OXÿar
(iv) Am{W©H$ (C{MV) ~¡M _mÌm H$m gyÌ {b{IE &
(v) AZw~Y§ Om°~ bmJV boIm§H$Z H$m EH$ {d{eï> àH$ma h¡ {Ogo ___________ ^r H$hm
OmVm h¡ &
(a) Q>{_©Zb bmJV boIm§H$Z (b) Om°~ bmJV boIm§H$Z
(c) à{H«$`m bmJV boIm§H$Z (d) AZw~§Y bmJV boIm§H$Z
(vi) R>oHo$ H$m H$m`© R>oHo$ H$s ___________ na {H$`m OmVm h¡ &
(vii) Cn[aì``m| H$m à^mOZ C{MV AmYma VWm R>oHo$ ImVo _| ___________ {H$`m OmVm
h¡ &
(a) XO© Zht (b) $Zm_o
(c) O_m (d) Am§{eH$ ê$n go O_m

4. {XE JE 6 àíZm| _| go {H$Ýht 5 àíZm| Ho$ CÎma Xr{OE & 5 1=5

(i) R>oH$m nyam hmoZo Ho$ níMmV² {H$g ImVo Ho$ Zm_o nj _| IVm¡Zr H$s OmVr h¡ ?
(ii) AnyU© R>oHo$ H$s pñW{V _|, bm^ H$mo Ho$db __________ g§~§Y _| hr _mZZm Mm{hE &
(a) Aà_m{UV H$m`© (b) à_m{UV H$m`©
(c) nyU© R>oH$m (d) R>oHo$ H$s bmJV
347 Page 6 of 15

3. Answer any 6 out of the given 7 questions. 6 1=6

(i) The production and planning department issues _________ to
provide up-to-date information regarding the status of each job
completion at each operation.
(ii) Who sends the progress advice to the production and planning
department ?
(a) Production manager (b) Foreman
(c) General manager (d) Factory manager

(iii) Labour time which is directly related with a particular job/product is
called :
(a) Overhead (b) Direct expense
(c) Direct labour (d) Indirect labour

(iv)

(v) Contract is a special form of job costing which is also known as
__________.
(a) Terminal costing (b) Job costing
(c) Process costing (d) Contract costing
(vi) The work on the contract is carried out at the _________ of contract.

(vii) Overheads are apportioned on suitable basis and _________ to the
contract account.
(a) not recorded (b) debited
(c) credited (d) partially credited

4. Answer any 5 out of the given 6 questions. 5 1=5

(i) Which account is debited after completion of contract ?
(ii) In case of incomplete contracts, profits should be considered in
respect of __________ only.
(a) work uncertified (b) work certified
(c) complete contract (d) cost of contract
347 Page 7 of 15 P.T.O.

(iii) à{H«$`m bmJV boIm§H$Z _|, g^r àË`j AWdm AàË`j bmJV Omo {deof à{H«$`m go
g§~§{YV h¡, H$mo à{H«$`m ImVo ___________ OmVm/OmVr h¡ &
(a) Ho$ Zm_o nj _| IVm¡Zr H$s
(b) Ho$ O_m nj _| IVm¡Zr H$s
(c) _| boIm Zht {H$`m
(d) H$m Am§{eH$ ê$n go boIm {H$`m
(iv) à{H«$`m bmJV boIm§H$Z H$m Cn`moJ H$aZo dmbo Xmo CÚmoJm| Ho$ Zm_ {b{IE &
(v) ApÝV_ à{H«$`m Ho$ níMmV² dñVwE± ___________ _| ~Xb OmVr h¢ &
(a) àJ{V na H$m`© (Mmby H$m_) (b) V¡`ma dñVwAm|
(c) (d) AY©-V¡`ma dñVwAm|
(vi) `{X gm_mÝ` hm{Z H$m ñH«¡$n 200 BH$mB© h¡ VWm à{V BH$mB© {dH«$` _yë` < 1.50 h¡,
Vmo ñH«¡$n H$s am{e H$s JUZm H$m{OE &

5. {XE JE 6 àíZm| _| go {H$Ýht 5 àíZm| Ho$ CÎma Xr{OE & 5 1=5

(i) Agm_mÝ` à{H«$`m hm{Z H$mo n[a^m{fV H$s{OE &
(ii) à{H«$`m bmJV boIm§H$Z CZ ì`dgm`m| _| Cn`moJ {H$`m OmVm h¡ Ohm± CËnmX
___________ hmoVo h¢ &
(a) g_ê$n (b) ~«mÝS>oS>
(c) Cn^moÁ` (d) Am¡Úmo{JH$
(iii) ___________ godmE± J«mhH$m| H$mo {dH«$` _yë` na Xr OmVr h¢ &
(a) Am§V[aH$ (b) ~mø
(c) A_yV© (d) _wâV
(iv) {ejm g§ñWmE± ___________ bmJV boIm§H$Z H$m Cn`moJ H$aVr h¢ &
(v) ì`dgm` Ûmam Am§V[aH$ {d^mJm| AWdm ~mø J«mhH$m| H$mo _mZH$ godmE± àXmZ H$aZo na
H$m¡Z-gm bmJV boIm§H$Z àUmbr H$m Cn`moJ {H$`m OmVm h¡ ?
(vi) godmE± hmoVr h¢ h_oem ___________ &
(a) _yV© (b) A_yV©
(c) H$mën{ZH$ (d) Vab
347 Page 8 of 15

(iii) In process costing, all direct and indirect costs related to a particular
process are _________ to process account.
(a) debited
(b) credited
(c) not recorded
(d) recorded partly

(iv) Name two industries that use process costing.

(v) After the final process, goods are turned into ___________.
(a) Work-in-progress (b) Finished goods
(c) Raw material (d) Semi-finished goods

(vi) If scrap of normal loss is 200 units, has sale value < 1 50 per unit,
compute the amount of scrap.

5. Answer any 5 out of the given 6 questions. 5 1=5

(i) Define abnormal process loss.

(ii) Process costing is used in the business where the products are :
(a) Homogeneous (b) Branded
(c) Consumable (d) Industrial

(iii) __________ services are rendered to customers at selling price.
(a) Internal (b) External
(c) Intangible (d) Free

(iv) Educational institutions use __________ costing.

(v) Which costing method applies in case of business having
standardised services being offered to internal departments or
external clients ?

(vi) Services are always __________.
(a) Tangible (b) Intangible
(c) Fictitious (d) Liquid
347 Page 9 of 15 P.T.O.

6. {XE JE 6 àíZm| _| go {H$Ýht 5 àíZm| Ho$ CÎma Xr{OE & 5 1=5

(i) H¢$Q>rZ ì`dgm` ___________ H$m Cn`moJ H$aVm h¡ &
(a) à{H«$`m bmJV boIm§H$Z
(b) ~¡M bmJV boIm§H$Z
(c) àMmbZ bmJV boIm§H$Z
(d) CËnmXZ bmJV boIm§H$Z

(ii) H$pënV (gm_mÝ`) doVZ Ho$db ___________ _| Xem©`m OmVm h¡ &
(a) bmJV boIm|
(b) {dÎmr` boIm|
(c) g_mYmZ {ddaUm|
(d) bm^-hm{Z ImVm

(iii) bmJV boIm§H$Z _| Cn[aì``m| H$m boIm ___________ Xa na {H$`m OmVm h¡, O~{H$
{dÎmr` boIm§H$Z _| ___________ Xa na {H$`m OmVm h¡ &
(a) nyd©-{ZYm©[aV, dmñV{dH$
(b) dmñV{dH$, nyd©-{ZYm©[aV
(c) dmñV{dH$, dmñV{dH$
(d) nyd©-{ZYm©[aV, A{J«_

(iv) àmßV bm^m§e h¡ :
(a) {dÎmr` à^ma (b) bmJV à^ma
(c) {dÎmr` Am` (d) bmJV Am`
(v) H$pënV (gm_mÝ`) hm{Z go __________ H$_ hmoVm h¡ &
(a) bmJV bm^ (b) bmJV hm{Z
(c) {dÎmr` bm^ (d) àMmbZ bmJV
(vi) g_mYmZ {ddaU H$mo n[a^m{fV H$s{OE &
347 Page 10 of 15

6. Answer any 5 out of the given 6 questions. 5 1=5

(i) Canteen business uses ___________.
(a) Process costing
(b) Batch costing
(c) Operating costing
(d) Output costing

(ii) Notional Salaries are shown only in ___________.
(a) Cost accounts
(b) Financial accounts
(c) Reconciliation statements
(d) Profit and Loss account

(iii) Overheads are recorded at __________ rate in cost accounting, while
they are recorded at ___________ rate in financial accounting.
(a) predetermined, actual
(b) actual, predetermined
(c) actual, actual
(d) predetermined, advance

(iv) Dividend received is :
(a) Financial charge (b) Cost charge
(c) Financial income (d) Cost income

(v) Notional loss decreases the ___________.
(a) Cost profit (b) Cost loss
(c) Financial profit (d) Operating cost

(vi) Define Reconciliation Statement.

347 Page 11 of 15 P.T.O.

IÊS> I $
({df`naH$ àíZ) (30 A§H$)
5 3
20 30 3 2=6
7. ñd-A{^àoaUm H¡$go Hw$ebVm VWm CËnmXH$Vm ~ mZo _| EH$ _hÎdnyU© ^y{_H$m {Z^mVr h¡ ?
H$moB© Xmo H$maU Xr{OE &
8. AÝVam~ÝY ?

9. àñVw{V gm°
10. EH$ g\$b CÚ_r Ho$ Xmo JwUm| H$s gyMr ~ZmBE VWm {H$gr EH$ H$mo g§jon _| g_PmBE &
11. EH$ CÚ_r Ûmam {H$E OmZo dmbo g§^mì`Vm AÜ``Z H$mo g_PmBE &
5 3 20 30 3 2=6

12. `{X _yb bmJV < 40,000; H$maImZm Cn[aì`` < 12,000; H$m`m©b` Cn[aì``
< 10,000 VWm {dH«$` Ed§ {dVaU Cn[aì`` < 9,000 h¢, Vmo H$maImZm bmJV H$s JUZm
H$s{OE &
13. ?

14. Om°~ nyam hmoZo na H$m¡Z- ?

15. bmJV BH$mB© VWm àH¥${V Ho$ AmYma na à{H«$`m bmJV boIm§H$Z VWm Om°~ bmJV boIm§H$Z
_| AÝVa {b{IE &
16. àMmbZ bmJV boIm§H$Z H$mo g§jon _| g_PmBE &
3 2 30 50 2 3=6

17. R>oH$m boIm H$s pñW{V _| Am{W©H$ (C{MV) ~¡M _mÌm H$mo g_PmBE &
18. R>oH$m boIm H$s pñW{V _|, {ZåZ{b{IV Ho$ {bE Amdí`H$ amoµOZm_Mm à{d{ï>`m± H$s{OE :
(H$) à_m{UV H$m`© H$m _yë`
(I) àmßV
19. bmJV boIm| VWm {dÎmr` boIm|

347 Page 12 of 15

Section B
(Subjective Type Questions) (30 Marks)

Answer any 3 questions out of the given 5 questions on Employability skills.
Answer each question in 20 30 words. 3 2=6
7. How does self-motivation play a vital role to improve efficiency and
productivity ? Give any two reasons.
8.
9. State two advantages of presentation software.
10. List two qualities of a successful entrepreneur and explain any one in
brief.
11.

Answer any 3 out of the given 5 questions in 20 30 words each. 3 2=6
12. If prime cost is < 40,000; factory overheads are < 12,000; office overheads
are < 10,000 and selling and distribution overheads are < 9,000, calculate
the factory cost.
13. Who prepares bills of material and why ?
14. After the completion of a job which report is prepared and why ?
15. Write the difference between process costing and job costing on the basis of

16. Explain operating costing in brief.

Answer any 2 out of the given 3 questions in 30 50 words each. 2 3=6
17. in case of contract accounting.
18. In case of contract account, pass necessary journal entries for the following :
(a) Value of work certified
(b) Amount of cash received
19. State three reasons for difference between cost records and financial
records.

347 Page 13 of 15 P.T.O.

5 3 50 80 3 4=12
20. ? bmJV {ddaU V¡`ma H$aVo g_` BgH$m boIm H¡$go {H$`m Om gH$Vm
h¡ ?
21. amhþb Zo 31 _mM©, 2022 H$mo nyU© {H$E JE EH$ {d{eï> R>oHo$ go gå~pÝYV boZXoZ Ho$ gKZ
boIo {ZåZ àH$ma go {XE :
~mµOma go gm_J«r H$m H«$` < 1,500
ñQ>moa go {ZJ©{_V gm_J«r < 500
_OXÿar < 400
H$m`© Cn[aì`` _yb bmJV H$m 25% h¡ &
(H$) _yb bmJV VWm
(I) H$m`© Cn[aì``m| H$s JUZm H$s{OE &
22. à{H«$`m bmJV boIm§H$Z Ho$ MaUm| H$mo g_PmBE &
23. Xmo {d{^Þ VarH$m| go gKZ BH$mB`m| H$s JUZm H¡$go H$s Om gH$Vr h¡ ?
24. g_mYmZ {ddaU V¡`ma H$aZo Ho$ MaUm| H$mo g_PmBE &

347 Page 14 of 15

Answer any 3 out of the given 5 questions in 50 80 words each. 3 4=12

20. What is meant by Scrap ? How should it be treated while preparing Cost
Sheet ?

21. Rahul has given condensed record of transactions as on 31st March, 2022
relating to a special contract completed during the year :

Material bought from market < 1,500
Material issued from store < 500
Wages < 400
Work overheads are 25% of prime cost. Compute :
(a) Prime cost
(b) Work overheads

22.

23. How can composite units be worked out in two different ways ?

24. Explain the steps involved in preparation of Reconciliation Statement.

347 Page 15 of 15 P.T.O.