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

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:

Section A (10 Marks Each)

  1. Name items which are recorded at the invoice price in the Consignment Account. Give journal entries passed for the adjustment of loading in respect of each item.
  2. Why is journal sub-divided? Name the special journals and state the type of transactions entered in each of them.
  3. How are branch balances incorporated in Head Office books at the end of the accounting year?
  4. What do you mean by accounting concepts? Briefly explain the accounting concepts which guide the accountant at the recording stage.
  5. Explain the need and significance of depreciation. What factors should be considered for determining the amount of depreciation?

Section B (6 Marks Each)

  1. Define Ledger & Group. How Ledger is different from Group?
  2. What are the different types of errors that are usually committed in recording transactions? Explain with examples.
  3. State the journal entries passed to open various accounts under Stock and Debtors System as applicable to hire purchase business.
  4. What are the qualitative characteristics of accounting information? Briefly explain.
  5. Explain briefly various methods of recording the joint venture transactions without maintaining separate set of books.

Section C (10 Marks Each)

  1. Explain the considerations which are required to be kept in mind while choosing accounting software.
  2. Write short notes on the following: a) Loading b) Joint venture

All answers are written in a student-friendly manner and follow IGNOU guidelines. Click on each question to read the full answer and prepare your assignment with confidence.

Category: BCOC-131 | Subject: Financial Accounting

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