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IGNOU ECO-14
- Accountancy-II,
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(July 2023 - January 2024)

ECO-14 Assignment

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IGNOU ECO-14 July 2023 - January 2024 - Solved Assignment

Are you looking to download a PDF soft copy of the Solved Assignment ECO-14 - Accountancy-II? Then GullyBaba is the right place for you. We have the Assignment available in English and Hindi language.

This particular Assignment references the syllabus chosen for the subject of Finance and Accounting, for the July 2023 - January 2024 session. The code for the assignment is ECO-14 and it is often used by students who are enrolled in the B.COM Degree.

Once students have paid for the Assignment, they can Instantly Download to their PC, Laptop or Mobile Devices in soft copy as a PDF format. After studying the contents of this Assignment, students will have a better grasp of the subject and will be able to prepare for their upcoming tests.

IGNOU ECO-14 (July 2023 - January 2024) Assignment Questions

1. Write short notes including accounting treatment on the following:

a) Cash in Transit
b) Goods in Transit
c) Head Office Expenses Chargeable to Branch
d) Inter-branch Transactions.

2. Why the Joint Life Policy is needed? What are the different ways of treating Joint Life Policy in accounts?

3. Discuss the various ways in which a company can redeem its debentures.

4. On January 1, 1987, ABC Ltd. Sold some plant & machinery costing Rs. 28,000 (cash price) to XYZ Ltd. On the hire purchase. Payment was to be made as Rs. 7,500 cash down and three instalments of Rs. 7,500 at the end of each year. Rate of interest was @ 5% p.a. The rate of depreciation for the asset was 10% p.a. XYZ Ltd. Made the down payment and paid the first instalment. But they could not pay the second instalment. Consequently, ABC Ltd. Repossessed the goods. ABC Ltd. Spent Rs. 300 on repairs and disposed off the asset for Rs. 15,350. Open ledger accounts in the books of both the parties.

5. Distinguish between partnership and company forms of organizations.

IGNOU ECO-14 (July 2022 - January 2023) Assignment Questions

1. (a) What is partnership? Define partnership deed.
(b) Hari and Giri entered into partnership contributing capitals of Rs. 60,000 and Rs. 30,000 respectively. They agreed to share profits and losses in the ratio 2: 1. During the year Hari and Giri withdraw Rs. 10,000 and Rs. 6,000, respectively. The profit for the year ended December 31,1989 was Rs. 42,000. Prepare Profit and Loss Appropriation Account taking into consideration the following: i) Hari is to be allowed a salary of Rs. 3,000 p.a. ii) Interest on capitals is to be provided at 5% pp,. iii) Interest on Giri's Loan Account of Rs, 20.000 is to be charged for the whole year. iv) Interest on drawings is to be charged at 6% p.n.

2. What are the special features of the Profit and Loss Account of a Company? What do you understand by Appropriation of Profits. What are the items relevant in that connection?

3. (a) What is Stock Turnover Ratio? What are the implications of high and low stock turnover ratios? Explain with examples.
(b) What is cash flow statement? What are the various sources and uses of cash? How does it differ from fund flow statement?

4. Describe various provisions of Companies Act that deal with the issue of debentures at a discount. Give accounting treatment of debentures issued as a collateral security by the company.

5. (a) What do you mean by Departmental Accounts? What are the advantages of Departmental Accounts?
(b) What is working capital? What do you understand by gross working capital and net working capital?

IGNOU ECO-14 (July 2023 - January 2024) Assignment Questions

1. निम्नलिखित पर लेखांकन उपचार सहित संक्षिप्त टिप्पणी लिखें:

क) पारगमन में नकदी
ख) पारगमन में माल
ग) शाखा से प्रभार्य/प्रधान कार्यालय व्यय
घ) अंतर शाखा लेनदेन

2. संयुक्त जीवन नीति की आवश्यकता क्यों है? खातों में संयुक्त जीवन नीति के उपचार के विभिन्न तरीके क्या हैं?

3. उन विभिन्न तरीकों पर चर्चा करें जिनसे कोई कंपनी अपने ऋणपत्र को छुड़ा सकती है।

4. 1 जनवरी 1987 को ए. बी. सी लिमिटेड ने कुछ संयंत्र और मशीनरी रुपये की लागत से बेचीं।
किराया खरीद पर XYZ लिमिटेड को 28,000 (नकद मूल्य)। भुगतान रुपये के रूप में किया जाना था। 7,500 कैश डाउन और रुपये की तीन किस्तें। प्रत्येक वर्ष के अंत में 7,500 रु. ब्याज दर 5% प्रति वर्ष थी। परिसंपत्ति के लिए मूल्यह्रास की दर 10% प्रति वर्ष थी।
XYZ लिमिटेड ने डाउन पेमेंट किया और पहली किस्त का भुगतान किया। लेकिन वे दूसरी किस् नहीं चुका सके. नतीजतन, एबीसी लिमिटेड ने माल वापस ले लिया।
एबीसी लिमिटेड ने रुपये खर्च किये। मरम्मत पर 300 रुपये खर्च किये और संपत्ति को रुपये में बेच दिया। 15,350. दोनों पक्षों की पुस्तकों में खाता-बही खोलें।

5. साझेदारी और कंपनी संगठन के रूपों के बीच अंतर स्पष्ट करें।

IGNOU ECO-14 (July 2022 - January 2023) Assignment Questions

1. क) साझेदारी से क्या तात्पर्य है? पार्टनरशिप डीड को परिभाषित कीजिए ।
ख) हरि और गिरि ने क्रमशः रुपये 60,000 और रु. 30,000 की पूंजी का योगदान करने वाली साझेदारी में प्रवेश किया। वे 2:1 के अनुपात में लाभ और हानि साझा करने के लिए सहमत हुए। वर्ष के दौरान हरि और गिरी क्रमशः रुपये 10,000 और रु6,000 निकालते हैं। दिसम्बर 31, 1989 को समाप्त वर्ष के लिए लाभ रु.42,000 था। निम्नलिखित को ध्यान में रखते हुए लाभ और हानि विनियोग खाता तैयार करें:
(i) हरि को रुपये 3,000 प्रतिवर्ष का वेतन दिया जाना है।
ii) पूंजी पर ब्याज 5% पर प्रदान किया जाना है।
(iii) गिरि के ऋण खाते पर 20,000 रुपये का ब्याज पूरे वर्ष के लिए लिया जाना है।
iv) ड्रॉइंग पर ब्याज 6% हैं।

2. किसी कंपनी के लाभ और हानि खाते की विशेष विशेषताएं क्या हैं? लाभों के विनियोग से आप क्या समझते हैं ? उस संबंध में प्रासंगिक आइटम का वर्णन करे ।

3. क) स्टॉक आवर्त अनुपात क्या है? उच्च और निम्न स्टॉक आवर्त अनुपात के विवक्षा क्या हैं ? उदाहरण सहित स्पष्ट कीजिए ।
ख) रोकड़ प्रवाह विवरण क्या है रोकड़ के विभिन्न स्रोत और उपयोग क्या हैं ? यह कोष प्रवाह विवरण से किस प्रकार भिन्न है ?

4. कंपनी अधिनियम के विभिन्न प्रावधानों का वर्णन करें जो छूट पर ऋण पत्र के
मुद्दे से निपटते हैं। कंपनी द्वारा इन्हें समर्थ करणाधार के रूप में निगमित करने प्रति लेखा प्रविष्टि दीजिये।

5. क) विभागीय लेखा (Departmental Accounts) से आप क्या समझते हैं? विभागीय लेखा के क्या लाभ हैं ?
(ख) कार्यशील पूंजी क्या है ? सकल कार्यशील पूंजी और शुद्ध कार्यशील पूंजी से आप क्या समझते हैं ?

ECO-14 Assignment Details

  • University IGNOU (Indira Gandhi National Open University)
  • Title Accountancy-II
  • Language(s) English and Hindi
  • Session July 2023 - January 2024
  • Code ECO-14
  • Subject Finance and Accounting
  • Degree(s) B.COM
  • Course Core Courses (CC)
  • Author Gullybaba.com Panel
  • Publisher Gullybaba Publishing House Pvt. Ltd.

Assignment Submission End Date

The IGNOU open learning format requires students to submit study Assignments. Here is the final end date of the submission of this particular assignment according to the university calendar.

  • 30th April (if Enrolled in the June Exams)
  • 31st October (if Enrolled in the December Exams).

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English Language

  • July 2023 - January 2024 12 Pages (0.00 ), PDF Format SKU: IGNGB-AS-BC-ECO14-EN-374
  • July 2022 - January 2023 12 Pages (0.00 ), PDF Format SKU: IGNGB-AS-BC-ECO14-EN-229

Hindi Language

  • July 2023 - January 2024 12 Pages (0.00 ), PDF Format SKU: IGNGB-AS-BC-ECO14-HI-374
  • July 2022 - January 2023 10 Pages (0.00 ), PDF Format SKU: IGNGB-AS-BC-ECO14-HI-229

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