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IGNOU BCOMG BCOC 131 Assignment Solutions 2023-2024 have been uploaded. IGNOU University Assignment of BCOMG Program of New Session BCOMG Student Assignment Questions can be downloaded from this page. Students must download compulsory assignments. With which he can give term and exam.
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IGNOU BCOC 131 Solved Assignment Download English Medium
Course Code | BCOC 131 |
Course Name | Financial Accounting |
Programme | BCOMG |
BCOC 131 Study Material | Click Here |
BCOC 131 Solved Assignment | Click Here |
Download BCOC 131 Question Paper | Click Here |
Download Notes | Click Here |
Download BCOC 131 Assignment Questions
SECTION-A
Attempt all the questions. Each question carries 10 marks.
- Home appliances Ltd. Sells goods on hire purchase terms at a profit of 25% on hire purchase
price. Following are the transactions for the year ended December 31, 2018.
Rs.
January Stock out on hire at cost. 6,000
Stock on hand (at shop) 1,000
Installment due 600
Cash Received. 16,000
December 31 Stock out on hire (at cost) 6,900
Stock on hand (at shop) 1,400
Installment due 1,000
Calculate the profit or loss on hire purchase under Debtors Method. - What are the qualitative characteristics of accounting information? Briefly explain.
- Explain the Concept of IFRS.
- Journalise the following transactions:
2018 Rs.
Feb. 1 Purchased goods for cash 18,000
Feb. 2 Purchased goods on credit
from Mithun
37,000
Feb. 5 Sold goods to Mahesh 10,000
Feb. 8 Cash sales 8,000
Feb. 9 Cash sales to Jayant 7,000
4
Feb. 11 Returned goods to Mithun 4,000
Feb. 12 Mahesh returned goods 1,000 - Harinath purchased on January 1, 2016, a plant for Rs. 50,000. On July 1, 2016 an
additional plant worth Rs. 20,000 was purchased and on July 1. 2017, the plant purchased
on January 1, 2016 having become obsolete is sold off for Rs. 20,000. On July 1, 2018, a
new plant was purchased for Rs. 60,000 and the plant purchased on July 1, 2016 was sold
for Rs. 15,000. Depreciations to be provided at 10% p.a. on the written down value every
year. Show the Plant Account.
SECTION-B
Attempt all the questions. Each question carries 5 marks. - Briefly describe the advantages and limitations of accounting.
- What is an account? Describe the various classes of accounts with examples.
- Write about the Business Entity Concept.
- What do you mean by double entry system?
- What is a Balance Sheet? Describe different methods of arranging assets and
liabilities.
SECTION-C
Attempt all the questions. Each question carries 10 marks. - What is Trial Balance?
- What are the characteristics of a hire purchase agreement?
- “Consignment is the same thing as sale”. Briefly Discuss.
- Briefly explain advantages of Computerized Accounting.
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Important Notes For Writing The BCOC 131 Assignment
Write all the assignments with your own hand.
Do not write to anyone else in a quick affair. This assignment can also be cancelled.
The weight of IGNOU assignment is: 30% in total marks, so take this carefully.
Submit the assignment to the teacher of your learning center before due date.
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Last date of IGNOU BCOC 131 Financial Accounting Assignments Submission ?
- For July 15th April Session
- December 15th October Session
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FAQ On BCOC 131 Solved Assignment English Medium
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Click On the Download Link.
And Print or save PDF of study material in your phone or laptop
BCOMG Mean Bachelors in Commerce in IGNOU.
it is BCOC 131
if Your Admission in July 2022 : 30 April 2023
If Your Admission in January 2023 : 31 October 2023