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IGNOU BCOC-131 Important Question & Exam Note Download Financial Accounting वित्तिया लेखाकरण
Top 20 Question of BCOC-131 Financial Accounting वित्तिया लेखाकरण
| S.No | Answer the following in about 500 words each. |
| 1 | What are the qualitative characteristics of accounting information ? Briefly explain |
| 2 | What do you mean by the Principle of Double Entry ? Give the rules of Debit and Credit with suitable examples. Also explain the accounting equation with examples. |
| 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. |
| 4 | Define Computerized Accounting System. Distinguish between manual and computerized accounting system. Explain the considerations which are required to be kept in mind while choosing Accounting Software. |
| S.No | Answer the following questions in about 250 words each. |
| 1 | State the essentials features of a joint Venture. |
| 2 | Define Computerized Accounting and distinguish between manual and computerized accounting system. |
| 3 | What are the main causes of disagreement of a Trial Balance? Briefly explain. |
| 4 | State the factors affecting the amount of depreciation. |
| 5 | Explain the uses of post dated vouchers. |
| 6 | What are the different types of branches? Explain the need for branch accounting. |
| 7 | Briefly explain the benefits of Accounting Standards. |
| S.No | Answer the following questions in about 100 words each. |
| 1 | Conservatism concept |
| 2 | Consistency concept |
| 3 | Full disclosure concept |
| 4 | Materiality concept |
| 5 | Cost of Goods Sold and Cost of Goods Produced |
| 6 | Profit and Loss Account and Balance Sheet |
| 7 | Systems of Book-keeping |
| 8 | International Financial Reporting Standards (IFRS) |
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- Your Writing Skill is Improve.
- Some Question are already You solve in these Question
- Separate key points from supporting material.
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IGNOU BCOC-131 Important Question In Hindi Medium
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