BCOC 131 Solved Assignment 2020-21
BCOC 131 Solved Assignment 2020-21 ,IGNOU Assignments 2020-21- Gandhi National Open University had recently uploaded the assignments of the present session for Programme in Hindi for the year 2020-21. Students are recommended to download their Assignments from this webpage itself. They don’t got to go anywhere else when everything regarding the Assignments are available during this article only.
Candidates got to download the IGNOU Assignments for
appearing within the Term End Examination.
BCOC 131 Solved Assignment
2020-21
Answer all questions.
Section A
Q.1 Journalize the following transactions, Post
them into ledger and prepare a Trial balance.
a)
Business started with a capital of Rs 5,00,000
b) Furniture purchased from Jai sons on credit Rs. 2,00,000
c) Payment made to Silky brothers Rs. 10,000
d) Commission Received from Haryana Automobiles Rs. 8,000
e)
Goods purchased from Ramlal and Sons Rs. 6,00,000
f) Interest paid to Ghanshyam and Sons
Rs. 6,000
Q.2 On 1st April 2016, Chaudhary Harpal Singh purchased
a Tractor of the cash price of Rs. 2,20,000 on hire-purchase system from
Escorts Ltd. Rs. 20,000 were paid immediately and the balance in 4 annual
installments of Rs. 50,000 each with interest at 8% per annum. The depreciation
is to be charged at 10% p.a. on written down value method. Harpal Singh paid 2
installments and failed to pay the third installment. Escorts Ltd. took away
the tractor by paying him Rs. 90,000 in cash. Make necessary ledger accounts in
the books of Harpal Singh. Books are closed on 31st March every year
Q.3 Oswal Mills Barnala consigned 5000 kg of
vanaspati ghee to Rajendra Dealers of Panipat. Each kg. Ghee costs Rs. 8. Oswal
Mills paid Rs. 50 for carriage, Rs. 250 for freight and Rs. 200 for insurance
in transit. During transit 500 kg. Ghee was accidentally destroyed for which
insurance company paid directly to the consignor Rs. 2500 in full settlement of
the claim. After 3 month from the date of consignment of goods to Panipat,
Rajendra Dealers reported that 1500 kg. Ghee was sold at Rs. 9.5 per kg. The
expenses were: On Godown Rent Rs. 500, On Salesman Salary Rs. 700. Rajendra
dealers are entitled to a commission of 5% on sales. Due to leakage, Rajendra
Dealers also reported a loss of 20 kg. Ghee. Prepare consignment account and
abnormal loss account in the books of the Consignor.
Q.4 An Accountant finds the difference in the
Trial Balance amounting to Rs. 210 and put it in the Suspense Account. Later on
he detects the following errors. Rectify the errors and prepare the suspense
Account.
a) Goods purchased from Ram Rs. 700
were passed through sales book.
b) Returned Goods to Shyam Rs. 1500 was
passed through returns inward book.
c) An item of Rs. 450 relating to
prepaid rent account was omitted to brought forward.
d) An item of Rs. 120 in respect of
purchase returns, instead of being recorded in Returns Outward book has been
wrongly entered in the purchase book and posted therefrom to the debit of
personal account.
e) Amount payable to Subhash for
repairs done to Radio Rs. 180 and a new Radio supplied for Rs. 1920 were
entered in the Purchase book as Rs. 2000.
Q.5 Define Computerized Accounting and distinguish
between manual and computerized accounting system.
Section B
Q.6 State the essentials features of a
joint Venture.
Q.7 What are the main causes of
disagreement of a Trial Balance? Briefly explain.
Q.8 State the factors affecting the
amount of depreciation.
Q.9 Explain the uses of post dated
vouchers.
Q.10 What are the different types of
branches? Explain the need for branch accounting.
Q.11 Briefly explain the benefits of
Accounting Standards.
Section C
Q.12 Distinguish between the following:
a) Cost of Goods Sold and Cost of Goods
Produced
b) Profit and Loss Account and Balance
Sheet
Q.13 Write short notes on the following:
a) Systems of Book-keeping
b) International Financial Reporting
Standards (IFRS)
BCOC 131 Solved Assignment 2020-21 All those candidates who had completely solved their IGNOU Solved Assignment 2020-21 can submit their IGNOU Assignments to the coordinator of your nearest IGNOU Study Centre that has been alloted to you during the time of IGNOU Admission.
Please Note- After submitting your Assignments, please don’t forget to
require the receipt of the Submission of Assignment.
IGNOU Assignments
Guidelines
Aims: BCOC 131 Solved Assignment 2020-21 This
assignment cares mainly with assessing your application and your understanding
of the course material. you're to not reproduce chunks of data from the course
material but to use the talents of critical appreciation that you simply may
have acquired during the course of study. This assignment aims to show also on
assess your performance.
Guidelines: There are three sections – Section
A, B & C, you're required to aim all questions in your own words and hand
written Assignments should be submitted on time.
Instructions: BCOC 131 Solved Assignment 2020-21 Before
attempting the questions please read the subsequent instructions carefully. As
in day-to-day life, planning is vital in attempting the assignment also . Read
the assignment carefully; undergo the units on which the questions are based;
jot some points regarding each question then re-arrange them during a logical
order. within the essay-type answer, concentrate to your introduction and
conclusion. The introduction must tell you ways to interpret the given topic
and the way you plan to develop it. The conclusion must summarize your views on
the subject . Once you're satisfied together with your answers, you'll write
down the ultimate version for submission, writing each answer neatly and
underlining the points you would like to stress . you ought to submit the
assignment in your own handwriting.
Make sure that your
answer:
a) is logical
b) is written in simple and proper English
c) doesn't exceed the amount of words indicated in
your questions
d) is written neatly and clearly.
Last Date for Submission of Assignment:
·
For
June Examination: 31st March
·
For
December Examination: 30th September
IGNOU Assignment Status
2020-21
BCOC 131 Solved Assignment 2020-21, Those students who had
successfully submitted their Assignments to their allocated study centres can
now check their Assignment Status. Solved Assignment 2020-21 along side
assignment status, they will also checkout their assignment marks & result.
All this is often available in a web mode. After submitting the assignment,
you'll check you IGNOU Assignment Status only after 3-4 weeks. it'd take 40
days to declare.
Here the scholars can check their IGNOU Assignment Status,
marks, result or both the sessions i.e; June & December.
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