ECO 02 Solved Assignment 2022-23
ACCOUNTANCY-I
ECO 02 Solved Assignment 2022-23 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.
COURSE CODE : ECO 02
COURSE TITLE : ACCOUNTANCY-I
ASSIGNMENT CODE : ECO 02/TMA/2022-23
Maximum Marks: 100
Attempt
all the questions:
1. (a)
“Ledger is said to be the principal book of entry and the transactions can even
be directly entered into the ledger account.” Elaborate on the statement and
explain why Joumal is necessary.
10
(b) What
is the purpose of noting on the bill? Is it necessary in case of a promissory
note?
10
2. Why
is distinction between capital and revenue important? Give examples to show ,
how wrong classification can affect the ascertainment of profit.
20
3. X of
Bangalore consigned 100 bags of cement for sale to his agent Y. Cost price of
each bag is Rs. 120. 'X' immediately drew a 4 months bill for Rs. 5,090 on the
latter and discounted it with bank at 6% per annum. 'X' paid Rs. 800 on packing
and Rs, 250 for carriage. 'Y' spent Rs. 300 as selling expenses. The consignee
returned 5 bags. He realised 20 bags at Rs. 130 per bag and 50 bags on credit
at Rs. 140 per bag and took the balance in his own stock at Rs. 135 per bag.
Consignee is entitled to get commission of 3% and 2% del credre commission on
credit sales. 'Y' recovered all money from debtors except Rs. 500. Prepare the
necessary ledger accounts in the books of both parties.
20
4. What
is Sectional Balancing? How does it differ from Self-balancing? Give proforma
of a Total Debtors Account.
20
5.
Differentiate between the following:
(a)
Trading Account and Manufacturing Account
10
(b)
Non-recurring and Recurring Expenses
10
ECO 02 Solved Assignment 2022-23 : All
assignments are in PDF format which would be send on email/WhatsApp
(9958676204) just after payment.
ECO 02 Solved Assignment 2022-23, ECO 02 Solved Assignment 2022-23, ECO
02 Solved Assignment 2022-23, ECO 02 Assignment, IGNOU Assignment ECO
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IGNOU Assignment Status 2022-23
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will also checkout their assignment marks & result. All this is often
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assignment, you'll check you IGNOU Assignment Status only after 3-4
weeks. it'd take 40 days to declare.
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submitted to the Centres, it's send to the evaluation department. After which
the evaluation of IGNOU Assignment Solutions takes place.
ECO 02 Solved
Assignment 2022-23 :- Those students who had successfully submitted their
Assignments to their allocated study centers can now check their Assignment Status.
Alongside --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 ECO 02 Solved Assignment 2022-23 only after 3-4
weeks. ECO 02 Solved Assignment 2022-23 it'd take 40 days to declare ECO 02
Solved Assignment 2022-23
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