List of top Questions asked in CBSE CLASS XII

Name two types of costs involved in producing steam under power house costing.
Explain why progress advice is prepared.
‘A goal without a plan is just a wish.’ Briefly explain the statement.
What is Stress?
What is a complex sentence? Give one example.
What is Memorandum Reconciliation Account?
.............. is a subsidiary ledger maintained in cost accounting.
State two methods of stock valuation used in cost accounting.
State whether the statement is True or False:
‘Transfer to general reserve is an item of cost account.’
Which of the following is not the service unit in case of transporter carrying goods?
Payment of donation is .............. .
Operating costing is a .............. of costing.
Name any one service unit used in canteen services under canteen costing.
What is Composite Unit?
State whether the statement is True or False:
‘Operating costing is concerned with the ascertainment of operating cost for manufactured tangible product.’
The other term for Reverse Cost Method is:
12,000 kg of material was put into a process in a period. The normal loss is 10% of input. No opening or closing Work-in-Progress (WIP) is there. Output in the period is 10,920 kg. The abnormal loss/gain is:
Distinguish between process costing and job costing on the basis of cost computation.
Abnormal loss is equal to .............. .
The sequence of operations is .............. and .............. .
The total profit on a contract for ₹ 3,00,000 is ₹ 60,000 and the contract is 60% complete and has been certified accordingly. The retention money is 20% of the certified value, then the amount of profit that can prudently be credited to Profit or Loss Account will be:
What are By-products?
If completion of contract is less than 25%, how much profit should be taken to Profit and Loss Account under contract costing?
It is important to consider profit on incomplete contracts after providing for the .............. .
What is Escalation Clause?