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Title Name | IGNOU BCA ECO 2 2023 2024 Solution |
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Type | Soft Copy (E-Assignment) .pdf |
University | IGNOU |
Degree | BACHELOR DEGREE PROGRAMMES |
Course Code | BCA |
Course Name | Bachelor of Computer Applications |
Subject Code | ECO 2 |
Subject Name | Accountancy-I |
Year | 2023 2024 |
Session | - |
Language | English Medium |
Assignment Code | ECO-02/Assignmentt-1//2023-24 |
Product Description | Assignment of BCA (Bachelor of Computer Applications) 2023-24. Latest ECO 02 2023-24 Solved Assignment Solutions |
Last Date of IGNOU Assignment Submission | Last Date of Submission of IGNOU ECO-02 (BCA) 2023-24 Assignment is for January 2023 Session: 30th September, 2023 (for December 2023 Term End Exam). Semester Wise January 2023 Session: 30th March, 2024 (for June 2024 Term End Exam). July 2023 Session: 30th September, 2023 (for December 2023 Term End Exam). |
Assignment Code | ECO 2/2023 2024 |
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Ques 1.
Define accounting and explain its scope, objectives advantages and limitations.
Ques 2.
Write about the Bank Reconciniation Statement, what are the main causes of difference.
Ques 3.
Going Concern Concept
Ques 4.
Conservatism
Ques 5.
Consistency
Ques 6.
Materiality
Ques 7.
Sohan drew on Mohan a bill for Rs. 1,500 for 3 months on June 1, 2023. The bill was endorsed to Rohan. On July 15, Mohan approaches Sohan to renew the bill for a period of tree months and charges Rs. As interest. Sohan agress to renew the bill. Mohan pays the amount of interest in cash and accepts a new bill for Rs. 1,500. The bill is honoured on the due date. Record these transactions in the books of various parties.
Ques 8.
From the following figures prepare Trading and Profit and Loss Account of Lakshmi & Co. for the year ended December 31, 1987.
Rs.
Stock on January 1, 1987 40,000
Purchases 98,000
Commission Received 650
Rent, Rates and Taxes 8,600
Salaries & Wages 12,000
Sales 1,62,100
Returns Inwards 2,400
Ques 9.
Define accounting and explain its scope, objectives advantages and limitations.
Ques 10.
Write about the Bank Reconciniation Statement, what are the main causes of difference.
Ques 11.
Going Concern Concep
Ques 12.
Conservatism
Ques 13.
Consistency
Ques 14.
Materiality
Ques 15.
Sohan drew on Mohan a bill for Rs. 1,500 for 3 months on June 1, 2023. The bill
was endorsed to Rohan. On July 15, Mohan approaches Sohan to renew the bill for
a period of three months and charges Rs. 25 As interest. Sohan agress to renew the
bill. Mohan pays the amount of interest in cash and accepts a new bill for Rs.
1,500. The bill is honoured on the due date. Record these transactions in the books
of various parties.
Ques 16.
From the following figures prepare Trading and Profit and Loss Account of
Lakshmi & Co. for the year ended December 31, 1987.
Rs.
Stock on January 1, 1987 | 40,000 |
Purchases | 98,000 |
Commission Received | 650 |
Rent, Rates and Taxes | 8,600 |
Salaries & Wages | 12,000 |
Sales | 1,62,100 |
Returns Inwards | 2,400 |
Returns Outwards | 3,000 |
Sunday Expenses | 2,500 |
Bank Charges | 50 |
Discount Received | 750 |
Carriage on Purchases | 2,000 |
Discount Allowed | 530 |
Carriage on Sales | 1,700 |
Lighting and Heating | 2,200 |
Postage | 300 |
Income from Investments | 500 |
Commission Paid | 1,000 |
Interest paid on a bank loan | 550 |
The stock on December 31, 1987 was valued at Rs. 26,000.
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