September 2025 - IGNOU CORNER

IGNOU Tentative Date Sheet for December 2025 Term-End Examination

Indira Gandhi National Open University (IGNOU) has released the Tentative Date Sheet for the December 2025 Term-End Examinations (TEE). Key Points: Exam Date Clash Guidelines Requests for change in case of exam date/session clash will NOT be considered in the following situations: Reporting Discrepancies 📌 Students are advised to check the date sheet carefully and […]

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IGNOU Notification: December 2025 Term-End Examination Form Submission

Indira Gandhi National Open University (IGNOU) has released the notification for the December 2025 Term-End Examinations (TEE) for ODL & Online Programmes (Pen & Paper & CBT mode). Exams will commence from 1st December 2025 onwards. Key Details: Support: For exam form queries, email termendexam@ignou.ac.in. Exam Form Submission Dates Without Late Fee: 6th Sept –

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BCOC-131 Financial Accounting Assignment 2025-26: All Questions with Answers

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BCOC-131: Financial Accounting Assignment 2025-26 – Complete Answer Guide This post provides direct links to individual answers for all the questions from the BCOC-131 Financial Accounting assignment for the academic session 2025-26. Each answer is written in easy-to-understand language and formatted with proper headings and explanations, ideal for IGNOU students. Assignment Details: Course Code: BCOC-131

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Write short notes on the following: a) Loading b) Joint venture

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a) Loading Meaning Loading in accounting refers to the amount added to the cost price of goods to arrive at the invoice price. This additional amount includes profit margin or markup. Loading is commonly used in consignment accounting to ensure that goods are recorded at an inflated price for internal tracking and profit-sharing purposes. Purpose

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Explain the considerations which are required to be kept in mind while choosing accounting software.

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Introduction With the advancement of technology, most businesses today rely on accounting software to maintain accurate and timely financial records. Selecting the right accounting software is a crucial decision for any organization, regardless of size. The choice of software affects not only the efficiency of financial operations but also compliance, reporting, and decision-making. Considerations While

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Explain briefly various methods of recording the joint venture transactions without maintaining separate set of books.

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Introduction A joint venture is a temporary business arrangement where two or more persons come together to carry out a specific project for a short duration. In many cases, a separate set of books is not maintained for joint ventures. Instead, the co-venturers record the transactions in their own books using various methods. These methods

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What are the qualitative characteristics of accounting information? Briefly explain.

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Introduction Accounting information is valuable only when it is useful to the users of financial statements. The usefulness of accounting information depends on its qualitative characteristics. These characteristics ensure that the information is relevant, reliable, understandable, and comparable for decision-making purposes. Qualitative Characteristics of Accounting Information The main qualitative characteristics of accounting information are classified

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State the journal entries passed to open various accounts under Stock and Debtors System as applicable to hire purchase business.

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Introduction The Stock and Debtors System is an accounting method used for maintaining records under the hire purchase business. In this system, the business records transactions by maintaining various accounts to reflect goods sold on hire purchase, installments received, and assets in possession of customers. This method gives detailed control over the movement of goods

State the journal entries passed to open various accounts under Stock and Debtors System as applicable to hire purchase business. Read More »

What are the different types of errors that are usually committed in recording transactions? Explain with examples.

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Introduction In accounting, accuracy is crucial, but sometimes errors occur while recording transactions. These errors may be due to carelessness, misunderstanding, or lack of knowledge. If not identified and corrected, they can lead to inaccurate financial statements. Understanding the different types of errors helps in locating and rectifying them. Types of Errors in Accounting Errors

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Define Ledger & Group. How Ledger is different from Group?

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Introduction In the field of accounting, the terms Ledger and Group play an important role in organizing and maintaining financial records. Although these two terms are related, they are not the same. Understanding the difference between them helps in maintaining clear and systematic accounting records. What is a Ledger? A Ledger is a book or

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