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IGNOU ECO-02
- Accountancy-I,
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(July 2023 - January 2024)

ECO-02 Assignment

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IGNOU ECO-02 July 2023 - January 2024 - Solved Assignment

Are you looking to download a PDF soft copy of the Solved Assignment ECO-02 - Accountancy-I? 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-02 and it is often used by students who are enrolled in the B.COM, BA, BCA 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-02 (July 2023 - January 2024) Assignment Questions

1. Define accounting and explain its scope, objectives advantages and limitations.

2. Write about the Bank Reconciniation Statement, what are the main causes of difference.

3. Write notes on the following concepts:

a) Going Concern Concept
b) Conservatism
c) Consistency
d) Materiality

4. 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.

5. From the following figures prepare Trading and Profit and Loss Account of Lakshmi & Co. for the year ended December 31, 1987.

The stock on December 31, 1987 was valued at Rs. 26,000.

IGNOU ECO-02 (July 2022 - January 2023) Assignment 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.
(b) What is the purpose of noting on the bill? Is it necessary in case of a promissory note?

2. Why is distinction between capital and revenue important? Give examples to show , how wrong classification can affect the ascertainment of profit.

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.

4. What is Sectional Balancing? How does it differ from Self-balancing? Give proforma of a Total Debtors Account.

5. Differentiate between the following:

(a) Trading Account and Manufacturing Account
(b) Non-recurring and Recurring Expenses

IGNOU ECO-02 (July 2023 - January 2024) Assignment Questions

1. लेखाकरण को परिभाषित करें और इसके दायरे, उद्देश्य फायदे और सीमाओं की व्याख्या करें ।

2. बैंक समाधान विवरण के बारें में लिखें, अंतर के मुख्य कारण क्या हैं?

3. निम्नलिखित पर संक्षिप्त टिप्पणीयाँ लिखिए:

क) चालू व्यवसाय की संकल्पना
ख) रूढ़िवादिता
ग) एकरूपता
घ) महत्व की संकल्पना

4. 1 जून, 1987 को सोहन ने मोहन के नाम 3 महीने के लिए 1,500 रु. का एक बिल लिखा । इस बिल का बेचान रोहन के नाम किया गया । 5 जुलाई को मोहन ने सोहन से निवेदन किया कि वह बिल का नवीकरण कर उसकी अवधि तीन महीने के लिए बढ़ा दे और इसके लिए 25 रु. ब्याज ले ले । सोहन नकद रूप में दे दिया और 1,500 रु. का एक नया बिल स्वीकार कल लिए । नियन तिथि पर बिल का भुगतान का दिया जाता है । विभिन्न पक्षों की लेखा पुस्तकों में लेन-देनों को रिकॉर्ड कीजिए ।

5. निम्नलिखित विवरण के आधार पर 31 दिसम्बर 1987 को समाप्त होने वाले वर्ष के लिए व्यापार और लाभ- हानि खाता बनाइए और उस तिथि के लिए बैलेंस शीट तैयार कीजिए ।

31 दिसम्बर, 1987 को स्टॉक मूल्य 26,000 रु. लगाया गया ।

IGNOU ECO-02 (July 2022 - January 2023) Assignment Questions

1. क) “लेजर को मुख्य लेखा बही कहा जाता है तथा लेन-देनों को सीधे लेजर में भी रिकॉर्ड किया जा सकता है” इस कथन की व्याख्या कीजिए तथा स्पष्ट कीजिए की जर्नल क्यों आवश्यक है ।
ख) बिल पर नोटिंग कराने का क्या उद्देश्य है ? क्या यह प्रतिज्ञा पत्र की स्थिति में आवश्यक होता है ।

2. पूंजीगत तथा आय्गत मदों में अंतर क्यों महत्वपूर्ण है ? गलत वर्गीकरण लाभ के निर्धारण को किस प्रकार प्रभावित करता है, उदाहरण देकर समझाइए ।

3. बैंगलौर के क ने अपने एजेंट ख के पास 100 बैग सीमेंट बेचने के लिए परेषण पर भेजा A प्रत्येक बैग सीमेंट की लागत मूल्य रु. 120 था । तत्काल ही क ने ख के नाम रु.5000 का 4 मास का बिल लेखा जिसे उसने बैंक से 6% प्रतिवर्ष की दर से भुनाया । क ने पैकिंग के लिए रु. 800 तथा ढुलाई के लिए रु. 250 का भुगतान किया । प्रति बैग रु. 130 की दर से 20 बैग बेचा, प्रति बैग रु. 140 की दर से 50 बैग उधार बेचा तथा शेष माल को प्रति बैग रु. 135 की दर से अपने स्टॉक में ले लिया ।
परेषिती को 3% कमीशन मिलता है तथा उधार विक्रय पर 2% आश्वासी कमीशन मिलता है| ख को अपने देनदारों से रु. 500 के अतिरिक्त सभी प्राप्य राशि मिल गई । दोनों ही पक्षों की पुस्तकों में आवश्यक लेजर खाते बनाइए ।

4. अनुभागीय संतुलन प्रणाली क्या होती है ? यह स्व-संतुलन प्रणाली के किस प्रकार भिन्न होती है ? कुल देनदार खाते का प्रारूप बनाइए ।

5. निम्नलिखित के बीच अंतर कीजिए:

क) व्यापार खाता और विनिर्माण खाता
ख) अनावर्ती एवं आवर्ती व्यय

ECO-02 Assignment Details

  • University IGNOU (Indira Gandhi National Open University)
  • Title Accountancy-I
  • Language(s) English and Hindi
  • Session July 2023 - January 2024
  • Code ECO-02
  • Subject Finance and Accounting
  • Degree(s) B.COM, BA, BCA
  • 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).

Download Files & Sessions Details

Here are the PDF files that you can Download for this Assignment. You can pick the language of your choice and see other relevant information such as the Session, File Size and Format.

English Language

  • July 2023 - January 2024 14 Pages (0.00 ), PDF Format SKU: IGNGB-AS-BCA-ECO02-EN-374
  • July 2022 - January 2023 12 Pages (0.00 ), PDF Format SKU: IGNGB-AS-BCA-ECO02-EN-223

Hindi Language

  • July 2023 - January 2024 14 Pages (0.00 ), PDF Format SKU: IGNGB-AS-BCA-ECO02-HI-374
  • July 2022 - January 2023 12 Pages (0.00 ), PDF Format SKU: IGNGB-AS-BCA-ECO02-HI-229

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