Class 12 Accounting Material and Material Control Accounting Notes and Important Questions
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Notes for Class 12 Material and Material Control Accounting (Accounting) are shown above.
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Important Questions
Annual requirement is 18,000 kg and Economic Order Quantity is 3,000 kg. Find out number of order.
Write the meaning of decentralized store.
What do you mean of centralized store?
Give the meaning of purchase order.
Explain any two advantages of centralized purchase.
The following store transactions are provided for the month of Magh:
Magh 1: Opening stock = 500 units @ Rs. 20
Magh 7: Purchase = 600 units @ Rs. 22
Magh 15: Purchase = 800 units @ Rs. 23
Magh 25: Sold = 1,500 units
Required:
Value of closing stock and cost of goods sold using First In First Out (FIFO) method under periodic inventory system.
State the meaning of material classification with suitable examples.
Following are the store transactions for the month of May:
May 1: Beginning inventory 150 units @ Rs. 20
May 2: Purchased 400 units @ Rs. 25
May 20: Purchased 650 units @ Rs. 30
Sales during May: 850 units
Required:
Cost of ending inventory and cost of goods sold using FIFO method under periodic inventory system.
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Exam
Past Question Analysis
Historical exam-pattern data from past NEB question papers — not a prediction of future questions.
8
Question Items
9
Total Marks
3
Papers Appeared In
| Year | Question Items | Marks |
|---|---|---|
| 2082 | 2 | — |
| 2081 | 2 | 2 |
| 2080 | 4 | 7 |
Also appears in 4 model questions (not counted above — model sets aren't actual NEB exam history).
This page covers Material and Material Control Accounting, chapter 9 of 15 in the Class 12 Accounting syllabus set by the National Examination Board (NEB). 14 important questions for this chapter are available, each with a full solution.
For subjects like this one, examiners tend to reuse similar question patterns year to year — comparing this chapter's important questions against recent old NEB papers is one of the more efficient ways to revise.