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ignou ECO 2 solved assignment 2023 2024

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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).

Title Name	IGNOU BCA ECO 2 2023 2024 Solution
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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Questions Included in this Help Book

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