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ECO-02 Solved Assignment Accountancy-I English Medium 2018-19

BCA Solved Assignments / BCOM Solved Assignments / BDP Solved Assignments September 28, 2018 khojinet
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ECO-02 Solved Assignment For IGNOU. This solution is valid for July 2018 and January 2019 Session. ECO-02 Accountancy-I English Medium Solved Assignment is available in PDF format. Click on the “Goto Download Page” button to open download page.
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TUTOR MARKED ASSIGNMENT
Course Code : ECO – 02
Course Title : Accountancy-I
Assignment Code : ECO – 02/TMA/2018-19
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
  1. (a) What is Bank Reconciliation Statement? Explain the causes of disagreement in the balances shown by cash Book and Pass Book.
    (b) Why do you maintain bill book separately? State the transactions recorded in Bill Receivable and Bills Payable journals.
  2. (a) What is suspense Account? Why is it opened and how is it closed? Explain.
    (b) Why is provision for doubtful debts created? How is it shown in the Balance sheet? Explain
  3. How would a not-for-profit organization deal with the following items.
    (a) Outstanding Subscriptions, (b) Donation, (c) Tournament Fund, (d) Legacy,
    (e) Life Membership Fees
  4. (a) What is joint venture ? Explain various methods of recording the joint venture transaction. Give entries in each case.
    (b) Differentiate between :
    (i) General Commission and Del Creder Commission
    (ii) Normal Loss and Abnormal Loss
  5. “Incomplete records system is unscientific, incomplete, inaccurate and unsystematic”. Explain
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Tags: BCA 2nd Semester Solved AssignmentsDifferentiate Normal Loss and Abnormal LossDonation in Not-for-profit OrganizationECO-02 Solved AssignmentGeneral Commission and Del Creder CommissionHow would a not-for-profit organization deal with the following itemsIncomplete records system is unscientific incomplete inaccurate and unsystematicLegacy In Not-For-Profit OrganizationLife Membership Fees In Not-For-Profit OrganizationOutstanding Subscriptions not-for-profit organizationState the transactions recorded in Bill Receivable and Bills Payable journalsTournament Fund In Not-For-Profit OrganizationWhat is Bank Reconciliation Statement Explain the causes of disagreement in the balances shown by cash Book and Pass BookWhat is suspense Account Why is it opened and how is it closedWhy do you maintain bill book separatelyWhy is provision for doubtful debts created How is it shown in the Balance sheet

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