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Store Accounting 2010 Question Paper For CBSE Class XII Exams

1. Why is stock ledger supposed to be the most important document during stores accounting process? Explain in detail. (6 Marks)

   OR

   Name the important methods of pricing the issues. Explain one of the methods giving the merits and drawbacks thereof. (2+4=6 Marks)

2. What is Inventor Control? Explain its need in a storehouse giving four points.(2+4=6 Marks)
3. What are materials Budget? Explain its importance. (2+2=4 Marks)
4. Define Bin Card. Explain its necessity. (2+2=4 Marks)
5. What type of space would you choose for storing rice and wheat in a storehouse? (4 Marks)
6. Explain perpetual Stock Verification method giving its merits and demerits. (4 Marks)
7. Why will you make an effort to reduce the cost of storage? Explain. (4 Marks)
8. Give a list of three types of shortages of stores in a storehouse. (3 Marks)
9. Name two techniques of the preparation of materials budget. Explain the one you consider better. (1+2 = 3 Marks)
10. What is Stores Audit? Give its importance with the help of two points. (1+2 = 3 Marks)
11. Explain the meaning of Stores Audit Program me. ( 3 Marks)
12. Explain ABC Analysis method of Inventory Control. ( 3 Marks)
13. Why should a retail provision storehouse prepare a materials budget? ( 3 Marks)
14. What is Fixed Order Quantity? (2 Marks)
15. Give two incorrect entries which are normally found in a Stock Ledger. (2 Marks)
16. What are two types of Unusual Balances found in a Stock Ledger? (2 Marks)
17. Explain two important duties of a stock Auditor. (2 Marks)
18. Define Stock verification. (2 Marks)