Ch 7: COST ACCOUNTING SYSTEM — Previous Year Exam Questions (PYQ)

1(a): Integral (Integrated) Accounts — Meaning and Advantages

5 Marks

With reference to the statutory framework governing 'Integral (Integrated) Accounts — Meaning and Advantages' under Cost and Management Accounting (CA Intermediate), critically examine the substantive legal provisions, scope, and applicability thresholds. Specifically elucidate: (i) the governing statutory sections/rules/standards; (ii) eligibility conditions, numerical limits, and compliance parameters; and (iii) consequences of non-compliance or procedural default.

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1(b): Non-Integrated Accounts — Meaning and Features

5 Marks

An entity / assessee is subject to statutory and regulatory obligations concerning 'Non-Integrated Accounts — Meaning and Features' under Cost and Management Accounting (CA Intermediate). Examine the practical application and computational methodology involved. Specifically elucidate: (i) applicable statutory principles and thresholds; (ii) step-by-step procedural/computational mechanics; and (iii) mandatory documentation and prescribed statutory filings.

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2(a): Control Accounts under Non-Integrated System

5 Marks

Critically evaluate the compliance architecture, reporting mandates, and statutory time limits governing 'Control Accounts under Non-Integrated System' under Cost and Management Accounting (CA Intermediate). Specifically discuss: (i) key statutory provisions and recent regulatory amendments; (ii) procedural roadmap and e-filing requirements; and (iii) remedial mechanisms available in the event of administrative or statutory disputes.

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2(b): Journal Entries under Integral and Non-Integral Systems

5 Marks

As a qualified professional consultant, provide a comprehensive advisory analysis on 'Journal Entries under Integral and Non-Integral Systems' under Cost and Management Accounting (CA Intermediate). Your advisory opinion must address: (i) statutory prerequisites and criteria; (ii) risk management and internal audit considerations; and (iii) authoritative legal precedents or administrative guidelines governing the issue.

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3(a): Reconciliation Statement — Cost Profit vs Financial Profit

5 Marks

With reference to the statutory framework governing 'Reconciliation Statement — Cost Profit vs Financial Profit' under Cost and Management Accounting (CA Intermediate), critically examine the substantive legal provisions, scope, and applicability thresholds. Specifically elucidate: (i) the governing statutory sections/rules/standards; (ii) eligibility conditions, numerical limits, and compliance parameters; and (iii) consequences of non-compliance or procedural default.

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3(b): Reasons for Differences in Profit

5 Marks

An entity / assessee is subject to statutory and regulatory obligations concerning 'Reasons for Differences in Profit' under Cost and Management Accounting (CA Intermediate). Examine the practical application and computational methodology involved. Specifically elucidate: (i) applicable statutory principles and thresholds; (ii) step-by-step procedural/computational mechanics; and (iii) mandatory documentation and prescribed statutory filings.

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