B.Com

Ignou Solved Assignment for ECO – 14 Accountancy - II

superadmin — Fri, 06 Dec 2019 11:39:53 +0000

Ignou Solved Assignment for ECO – 14 Accountancy - II

1. What are the three systems of maintaining the accounts of a dependent branch and describe how is profit ascertained under each system? Explain how branch stock account helps in keeping effective control over the branch stock? (20)

2. Jalani Distributors sold three light commercial vans to Jain Enterprises on January 1, 2017 on hire purchase system. The price of each van was Rs. 90, 000 payment of which was to be made as follows: (i) Rs. 30, 000 as down payment for each van (ii) Remaining amount in 3 equal installment along with interest @15% Jain Enterprises were charging depreciation @ 20% each year on written down value method. After payment of the first installment as on December 31, 2017, they could not pay further installments. It was agreed between the parties for repossession of two van adjusting their values against the amount due. For the purpose of repossession, depreciation @ 30% p.a. was charged. Repossessed goods were repaired at a cost Rs. 2,000 and were then sold for Rs. 92,000. Calculate the value of repossessed stock and show the necessary accounts in the books of both the parties. (20)

3. (a) Explain how is goodwill treated when the incoming partner does not bring his share of goodwill in cash? (b) How will you work out the new capital of each partner if the capital is to be adjusted in the new profit sharing ratio? Give Examples. (10+10)

4. XYZ Ltd. issued 1, 50,000 equity shares of Rs. 10 each at a premium of Rs. 2 per share payable Rs. 3 on application, Rs. 5 on allotment (including premium) and balance in two calls of equals amount. Applications were received for Rs. 2, 00,000 shares and pro rata allotment was made to all the applicants. The excess application money was adjusted towards allotment. Mahesh, who was allotted 400 shares failed to pay 1st and 2nd call and his shares were forfeited after the second call. Pass the necessary journal entries in the books of XYZ Ltd. and also show the Balance sheet. (20)

5. “Return on investment is considered to be the master ratio which reflects the overall performance of the firm” Elucidate. (20)

superadmin Fri, 12/06/2019 - 17:09

₹300.00

SKU

932733

Price

₹300.00

University

B.Com

Subject Code

ECO – 14: Accountancy - II

Session

2019-20

Cost

₹0.00

Ignou Solved Assignment for ECO – 13 Business Environment

superadmin — Fri, 06 Dec 2019 11:33:57 +0000

Ignou Solved Assignment for ECO – 13 Business Environment

1. What is meant by business environment? What is its significance. Describe briefly economic and non economic components of business environment. (2+3+15)

2. Explain the meaning of economic development. Discuss important goals of economic development. . (5+15)

3. Outline the main objectives of the new industrial policy, 1991. Discuss various measures taken for achieving these objectives. (5+15)

4. Explain the role of foreign capital in the industrialization of any country. What are its shortcomings? (10+10)

5. Write short notes on the following: (4x5)

(a) Social responsibilities of business

(b) Objectives of fiscal policy

(d) Balance of payments

superadmin Fri, 12/06/2019 - 17:03

₹300.00

SKU

931563

Price

₹300.00

University

B.Com

Subject Code

ECO – 13: Business Environment

Session

2019-20

Cost

₹0.00

Ignou Solved Assignment for ECO – 12 Elements of Auditing

superadmin — Fri, 06 Dec 2019 11:27:07 +0000

Ignou Solved Assignment for ECO – 12 Elements of Auditing

Attempt all the questions

1. Distinguish between Internal Audit and Statutory Audit. Can the statutory auditor rely upon the internal audit in carrying out his functions as a statutory auditor? (20)

2. What do you understand by “outstanding assets” and “outstanding liabilities”? What are the duties of an auditor in relation to outstanding liabilities? (20)

3. What is the status of the auditor in a company? How can be protect the rights of the shareholders of the company? (20)

4. What do you understand by management audit? How does it help management in improvement of its effectiveness? (20)

5. Write short notes on the following :

(a) Errors of Commission

(b) Contingent Liabilities

(d) Audit report (4X5)

superadmin Fri, 12/06/2019 - 16:57

₹300.00

SKU

929773

Price

₹300.00

University

B.Com

Subject Code

ECO – 12: Elements of Auditing

Session

2019-20

Cost

₹0.00

Ignou Solved Assignment for ECO – 11 Elements of Income Tax

superadmin — Fri, 06 Dec 2019 11:16:12 +0000

Ignou Solved Assignment for ECO – 11 Elements of Income Tax

1. Define agricultural income and give examples. Distinguish between agricultural income and partly agricultural income with examples. (20)

2. Smt. Renu is an employee of the Ambuja Company, Kolkata since 1st April, 1998. She has been fixed in the grade of Rs. 72,000-3,800-1,10,000 since January 2018. She gets 30% of basic pay as dearness allowance (Which is considered as pay for retirement benefits), Rs. 4,000/- p.m. as entertainment allowance and Rs. 4,500/- p.m. as travelling allowance. She has also received Rs. 800/- p.m. per son as education allowance and Rs. 1,400/- p.m. per son as hostel allowance to meet the cost of education of her three sons. She has been continuously getting entertainment allowance from the date of joining service. She has been provided by the company a rent-free unfurnished accommodation, the fair rent of which is Rs. 1,00,000/- p.a. The company has provided her to reimburse own medical expenses and during the financial year 2018-19 the company paid her in this connection Rs. 44,900/-. The expenses were incurred on treatment by a private doctor. She and her employer each contributed @ 10.5% in the Recognized Provident Fund. She paid during the financial year 2018-19 for travel in respect of official work Rs. 28,000/- as bus fare to the Roadways Corporation. Determine her taxable income under the head ‘Salaries’ for the assessment year 2019-20. (20)

3. What do you understand by Total Income? Is it different from G.T. I.? Explain with examples. (20)

4. Mr. Tata is the Executive Director of an MNC having its head office at Chennai. For the assessment year 2019-20 he submitted the following return :

(i) Salary @ Rs. 32,000 p.m. 3,84,000/-

(ii) Conveyance Allowance (spent for performance of duty) 48,000/-

(iii) Education Allowance for two children @ Rs. 1,200 p.m. 14,400/-

(iv) Cost of Electricity Bills paid by the Company 38,000/- Rs. 4,84,400/-

Less : (a) Entertainment Expenditure incurred on the Customers 26,000/-

(b) Donation to Gandhi National Memorial Fund 8,000/- 34,000/- Rs. 4,50,400/-

The following particulars are available on record :

(i) Mr. Tata paid Rs. 8,000 premium on his friend’s life policy in the previous year.

(ii) Paid Rs. 45,000 of tuition fees for his son in the previous year on the full time education.

(iii) Mr. Tata has kept in his occupation free of rent half portion of company’s premises at Chennai. Annual rent of the building is Rs. 2,00,000.

(iv) He has contributed Rs. 45,000 to a Recognised Provident Fund and has paid premium amounting to Rs. 1,80,000 on a life policy of Rs. 8,00,000 taken on 28th January, 2011.

(v) He took an advance salary of Rs. 1,00,000 in March, 2019.

superadmin Fri, 12/06/2019 - 16:46

₹300.00

SKU

922121

Price

₹300.00

University

B.Com

Subject Code

Ignou Solved Assignment for ECO – 11: Elements of Income Tax

Session

2019-20

Cost

₹0.00

Ignou Solved Assignment for ECO – 10 Elements of Costing

superadmin — Fri, 06 Dec 2019 10:58:59 +0000

Ignou Solved Assignment for ECO – 10 Elements of Costing

1. What are the different methods of costing? State the industries to which they can be applied. (20)

2. (a)The following data are available in respect of material ZM – 3 :

Supply period 2 to 4 months

Consumption rate

Maximum 300 units per month

Minimum 50 units per month

Normal 150 units per month

Annual 1800 units

Storage costs are 25% of stock value. Ordering costs are Rs. 200 per order. Price per unit of material Rs. 32 Compute:

(i) Reorder level

(ii) Minimum Stock level

(iii) Maximum Stock level

(b) Explain the principles of apportionment of factory overheads with example. (10+10)

3. Explain the terms minimum level, maximum level and ordering level of stock. What are the factors that govern the fixation of these level. (20)

4. M/S Buildcon Ltd. Undertook a contract construct a multi – storey building on 1-5-2018. The contractee agreed to pay 80% of the work certified and retain 20% till the completion of contact. The details of the expenditure and other details during the period 2018– 19 are given below. The contract price was Rs. 50,00,000.

Rs.

Raw Materials used 9,00,000
Labour paid 7,50,000
Carriage 37,000
Administration Cost 2,43,000
Wages payable 30,000
Work Certified 29,00,000
Work Uncertified 2,00,000
Cash received 80% of Work certified

You are required to prepare Contract Account, Contractee’s Account for the last year 2018-19 and the Balance Sheet (Asset Side) as would appear in Contractors’s books as on 31-3-2019. (20)

Supply period 2 to 4 months Consumption rate Maximum 300 units per month Minimum 50 units per month Normal 150 units per month Annual 1800 units

5. Write short notes on the following:

(a) Costing

(b) Economic Order Quantity

(d) Office and Administration Overheads (4X5)

superadmin Fri, 12/06/2019 - 16:28

₹300.00

SKU

914563

Price

₹300.00

University

B.Com

Subject Code

Ignou Solved Assignment for ECO – 10: Elements of Costing

Session

2019-20

Cost

₹0.00

Ignou Solved Assignment for ECO – 09: Money, Banking and Financial Institutions

superadmin — Fri, 06 Dec 2019 10:44:35 +0000

Ignou Solved Assignment for ECO – 09: Money, Banking and Financial Institutions

1. Explain the Fisher’s equation of exchange. How is the cash balances equation an improvement over Fisher’s equation? (20)

2. Explain the concept of ‘Unit Banking’. What are the merits and demerits of unit banking system? Suggest measures to overcome the demerits of unit banking system. (20)

3. Discuss briefly the management, functions and performance of SIFCs/SIICs. (20)

4. Discuss the functions of the World Bank. Does its performance solve the capital scarcity problem of less developed countries? (20)

5. Write short notes on the following :

(a) Cambridge equation of Exchange

(b) Money market

(d) Inflationary gap (4×5)

superadmin Fri, 12/06/2019 - 16:14

₹300.00

SKU

912747

Price

₹300.00

University

B.Com

Subject Code

Money, Banking and Financial Institutions

Session

2019-20

Cost

₹0.00

Ignou Solved Assignment for BCOE-108 Company Law

superadmin — Fri, 06 Dec 2019 10:39:35 +0000

Ignou Solved Assignment for BCOE-108 Company Law

1. (a) What is a Company? Explain its important features. (4+10)

(b) Distinguish between a private company and a public company. (10)

2. What is a ‘Prospectus’? Explain the liabilities of the company and directors for misstatement in the prospectus. (4+10)

3. What do you understand by Memorandum of Association? Explain the different clauses of Memorandum of Association. (4+16)

4. (a) What is allotment of shares? Discuss the rules regarding allotment of shares? (2+8) (b) What is forfeiture of shares? How is it different from surrender of shares? (4+6)

5. (a) Who can be appointed as director? How can a director can be removed from office . before the expiry of his term of office? (4+10)

(b) Discuss the advantages of e-filing of documents. (8)

superadmin Fri, 12/06/2019 - 16:09

₹300.00

SKU

911230

Price

₹300.00

University

B.Com

Subject Code

BCOE-108 Company Law

Session

2019-20

Cost

₹0.00

Ignou Solved Assignment for ECO-07: Element of Statistics

superadmin — Fri, 06 Dec 2019 10:34:29 +0000

Ignou Solved Assignment for ECO-07: Element of Statistics

Attempt all the questions

1. What is statistical survey? Discuss the steps to be followed while conducting statistical survey. (20)

2. Central tendency, dispersion an skewness are three different measures to analyse numerical data. Comment. (20)

3. Calculate a) Mean, b) Variance and c) Standard deviation from the following frequency distribution:-

Classes Frequency

1-10 11

10-20 29

20-30 18

30-40 4

40-50 5

50-60 3

4. a) What is the relationship between Mean. Median and Mode:

(i) Symmetrical curve

(ii) A negatively slewed curve

(iii) A positively skewed curve b) For a frequency distribution: Q3-Q2 = 40 & Q2-Q1=60 Find coefficient of skewness. (10+10)

5. Write short notes on the following - (5×4)

a) Principle of preparing graphs.

b) Statistical Table

c) Data Array

d) Properties of Normal Curve.

superadmin Fri, 12/06/2019 - 16:04

₹300.00

SKU

908932

Price

₹300.00

University

B.Com

Subject Code

ECO-07: Element of Statistics

Cost

₹0.00

Ignou Solved Assignment for ECO – 06: Economic Theory

superadmin — Fri, 06 Dec 2019 10:19:31 +0000

Ignou Solved Assignment for ECO – 06: Economic Theory

1. What do you understand by factors of production? Briefly explain each of the four main factors. (20)

2. Diagrammatically explain concepts of income effect, substitution effect and price effect. Also show the manner in which price effect can be split up into income and substitution effects. (20)

3. Explain the significance of ‘movement along the supply curve’ as distinguished from ‘shift of the supply curve.’ (20)

4. What is monopoly? How does its concept differ from that of perfect competition? (20)

5. Write short notes on the following :

(a) Concept of Equilibrium

(b) Ricardian theory of rent

(d) Isoquant (4×5)

superadmin Fri, 12/06/2019 - 15:49

₹300.00

SKU

898750

Price

₹300.00

University

B.Com

Subject Code

ECO – 06: Economic Theory

Cost

₹0.00

IGNOU Solved Assignment for ECO-05: Mercantle Law

superadmin — Fri, 06 Dec 2019 09:49:55 +0000

IGNOU Solved Assignment for ECO-05: Mercantle Law

(a) Explain with example communication of offer and communication of acceptance. (6+6)

(b) Explain the term ‘consideration’ and state the exceptions to the rule ‘No Consideration No Contract’. (2+8)

(a) Distinguish between:

i) Condition and Warranty.

ii) Right of lien and right of stoppage of goods in transit. (7+7)

(b) Who is competent to contract? State the position of agreements by a minor. (4+16)

3. Is registration of a partnership firm compulsory? What are the effects of non-registration of a partnership firm? (2+8)

4. What is an agent? When is an agent personally liable to the third parties? (4+10)

5. Explain the rule that “a person cannot give a title better than what he himself has”. Are there any exceptions to this rule? Discuss. (5+15)

superadmin Fri, 12/06/2019 - 15:19

₹300.00

SKU

89346

Price

₹300.00

University

B.Com

Subject Code

ECO-05: Mercantle Law

Cost

₹0.00