BCOC-131 Financial Accounting – Assignment Answer Compilation
Below are the links to all the answers for the BCOC-131 assignment:
- What are the qualitative characteristics in accounting information? Briefly Explain
- What do you mean by double entry system? Distinguish it from single entry system.
- What are Accounting standards? What is the need of issuing accounting standards?
- Journalise the following transactions
- Rectify the following errors assuming that a Suspense Accounting was opened
- What are the characteristics of a hire purchase agreement?
- “Consignment is the same thing as sale”. Discuss
- What is loading? How do you compute it? Give examples.
- State the salient features of joint venture. Distinguish it from consignment
- Explain the components of Tally.
- Briefly discuss the function of accounting.
- What are the features of Ind‑AS 101?
- Describe the rights of a hirer under purchase agreement.
- What is the difference between normal loss and abnormal loss? Give examples.