IGNOU BCOC 131 Solved Assignment English 2023-2024 Download

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This is a Core Course for students who have opted program BCOMG under IGNOU BCOC 131 Financial Accounting With CBCS Pattern. We Provide All The IGNOU Books And Study Material Here.

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 CodeBCOC 131
Course NameFinancial Accounting
ProgrammeBCOMG
BCOC 131 Study MaterialClick Here
BCOC 131 Solved AssignmentClick Here
Download BCOC 131 Question PaperClick Here
Download NotesClick Here

Download BCOC 131 Assignment Questions

SECTION-A
Attempt all the questions. Each question carries 10 marks.

  1. 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.
  2. What are the qualitative characteristics of accounting information? Briefly explain.
  3. Explain the Concept of IFRS.
  4. 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
  5. 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.
  6. Briefly describe the advantages and limitations of accounting.
  7. What is an account? Describe the various classes of accounts with examples.
  8. Write about the Business Entity Concept.
  9. What do you mean by double entry system?
  10. What is a Balance Sheet? Describe different methods of arranging assets and
    liabilities.
    SECTION-C
    Attempt all the questions. Each question carries 10 marks.
  11. What is Trial Balance?
  12. What are the characteristics of a hire purchase agreement?
  13. “Consignment is the same thing as sale”. Briefly Discuss.
  14. 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.

How To Download IGNOU BCOC 131 Financial Accounting Solved Assignment ?

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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

How to Download BCOC 131 Solved Assignment 2022-2023 English Medium ?

Go to the download link of our page and click on it
Choose Your Subject .
Click On the Download Link.
And Print or save PDF of study material in your phone or laptop

What is BCOMG in IGNOU ?

BCOMG Mean Bachelors in Commerce in IGNOU.

What is BCOC 131 Course Code Meaning.

it is BCOC 131

Last Date of Submit the BCOC 131 Assignment.

if Your Admission in July 2022 : 30 April 2023
If Your Admission in January 2023 : 31 October 2023