IGNOU PCO 1 SOLVED ASSIGNMENT

Ques 1.

 Discuss the forms of business organisation.

Ques 2.

 Define Accounting. Discuss the need of accounting.

Ques 3.

Purchased a typewriter for Rs. 6,000 for ofice use.

Ques 4.

Sold old domestic furniture for Rs. 500.

Ques 5.

 Purchased cloth for garments for Rs. 10,000.

Ques 6.

A shirt worth Rs. 250 is taken home for his son.

Ques 7.

 Appointed Satish as an assistant in the shop.

Ques 8.

Differentiate between double entry system and single entry system

Ques 9.

Discuss the classification of accounts with example.

Ques 10.

st April 2022 Ashok commenced business with cash Rs. 1,20,000

Ques 11.

rd April 2022 Purchased furniture for cash Rs. 24,000

Ques 12.

1 st April 2022 Ashok commenced business with cash Rs. 1,20,000

Ques 13.

3 rd April 2022 Purchased furniture for cash Rs. 24,000

Ques 14.

4 th April 2022 Purhased goods from Vijay Rs. 36,000

Ques 15.

5 th April 2022 Sold goods Rs. 4,800

Ques 16.

7 th April 2022 Paid rent Rs. 3,000

Ques 17.

What is a Bank Reconciliation Statement? Discuss the various causes of disagreement between the balances shown by the cash book and the pass book.

Ques 18.

 capital receipts and revenue receipts,

Ques 19.

 capital profits and revenue profits, and

Ques 20.

 capital losses and revenue losses.

Ques 21.

 What is suspense account? When it is opened?

Ques 22.

 Discuss the forms of business organisation.

Ques 23.

 Define Accounting. Discuss the need of accounting.

Ques 24.

Purchased a typewriter for Rs. 6,000 for ofice use.

Ques 25.

Sold old domestic furniture for Rs. 500.

Ques 26.

 Purchased cloth for garments for Rs. 10,000.

Ques 27.

A shirt worth Rs. 250 is taken home for his son.

Ques 28.

 Appointed Satish as an assistant in the shop.

Ques 29.

Differentiate between double entry system and single entry system

Ques 30.

Discuss the classification of accounts with example.

Ques 31.

st April 2022 Ashok commenced business with cash Rs. 1,20,000

Ques 32.

rd April 2022 Purchased furniture for cash Rs. 24,000

Ques 33.

1 st April 2022 Ashok commenced business with cash Rs. 1,20,000

Ques 34.

3 rd April 2022 Purchased furniture for cash Rs. 24,000

Ques 35.

4 th April 2022 Purhased goods from Vijay Rs. 36,000

Ques 36.

5 th April 2022 Sold goods Rs. 4,800

Ques 37.

7 th April 2022 Paid rent Rs. 3,000

Ques 38.

What is a Bank Reconciliation Statement? Discuss the various causes of disagreement between the balances shown by the cash book and the pass book.

Ques 39.

 capital receipts and revenue receipts,

Ques 40.

 capital profits and revenue profits, and

Ques 41.

 capital losses and revenue losses.

Ques 42.

 What is suspense account? When it is opened?

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