IGNOU PCO 1 SOLVED ASSIGNMENT 2024 2025

Ques 1.

What do you mean by business? Briefly explain the various types of business activities.

Ques 2.

What is Trial Balance? List the errors that are disclosed by the trial balance.

Ques 3.

State various causes of disagreement between the balances shown by the cash book and the pass book.

Ques 4.

On December 3 1, 1987. the following balances appeared in the books of A.M.Raja:

Stocks on January I. 1987                                                  Rs.

Raw Materials                                                                  6,500

Work-in-progress                                                              14,500

Finished Goods                                                                30,000

Manufacturing Wages                                                       30,000

Purchases of Raw Materials                                                 89,500

Factory Rent                                                                         15,000

Carriage of Raw Materials                                                       8,500

Sundry Factory Expenses                                                       6,000

Free Samples distributed                                                          4,000

Office Rent                                                                              6,000

Salaries                                                                                   12,000

Postage and Telegrams                                                           1,000

Printing and Stationery                                                              800

Advertising                                                                            1,500

Sundry Office Expenses                                                           700

Depreciation on Plant and Machinery                                        5,000

Depreciation on Office Furniture                                                 1,000

Sales of Finished Goods                                                          2,10,000

.Stocks on December 31, 1987 were as follows:

Raw Materials Rs. 14,500

Work-in-progressRs. 1 1.500

Finished Goods Rs. 35,000

Prepare Manufacturing Account, and Trading and Profit and Loss Accounts for the year ended December 31, 1987.

Ques 5.

What are two-sided errors? Give five examples and show how two-sided errors are corrected?

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