BCOC 131 Financial Accounting Skills Solved Assignment is prepared strictly according to IGNOU guidelines for the 2026 session. This BCOC 131 Solved Assignment covers accounting concepts, depreciation, consignment accounts, branch accounts, joint venture, hire purchase system, accounting software selection and ledger systems in a clear and practical manner. Each answer follows proper academic structure with journal entries, explanations and working notes wherever required, helping students understand Financial Accounting in a simple and scoring format.
BCOC 131 Assignment Questions (2026)
Maximum Marks: 100
Note: Attempt all the questions.
Section-A
- 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. (10 Marks)
- Why is journal sub-divided? Name the special journals and state the type of transactions entered in each of them. (10 Marks)
- How are branch balances incorporated in Head Office books at the end of the accounting year? (10 Marks)
- What do you mean by accounting concepts? Briefly explain the accounting concepts which guide the accountant at the recording stage. (10 Marks)
- Explain the need and significance of depreciation. What factors should be considered for determining the amount of depreciation? (10 Marks)
Section-B
- Define Ledger & Group. How Ledger is different from Group? (6 Marks)
- What are the different types of errors that are usually committed in recording transactions? Explain with examples. (6 Marks)
- State the journal entries passed to open various accounts under Stock and Debtors System as applicable to hire purchase business. (6 Marks)
- What are the qualitative characteristics of accounting information? Briefly explain. (6 Marks)
- Explain briefly various methods of recording the joint venture transactions without maintaining separate set of books. (6 Marks)
Section-C
- Explain the considerations which are required to be kept in mind while choosing accounting software. (10 Marks)
Write short notes on the following:
- a) Loading
- b) Joint venture
- c) Debit Note
- d) Normal loss
- e) Hire purchase
BCOC 131 Assignments Details
- Course Code: BCOC-131
- Course Title: Financial Accounting
- Assignment Code: BCA_NEWOL(IV)/131/Assignment/2026
- Maximum Marks: 100
- Weightage in Final Marks: 30%
BCOC 131 Assignment Submission End Date
- For the students enrolled in January 2026: 30th April 2026 (Submit through LMS)
- For the students enrolled in July 2026: 31st October 2026 (Submit through LMS)
Submission is compulsory before the due date to become eligible for Term-End Examination.
Why Choose Our BCOC 131 IGNOU Solved Assignments?
- Prepared exactly as per 2026 IGNOU assignment pattern with all sections covered clearly.
- Detailed journal entries, working notes and proper accounting formats included.
- Concepts like depreciation, branch accounts and consignment explained simply.
- Structured answers aligned with 10 and 6 mark distribution for better scoring.
- Updated according to BCA_NEWOL Financial Accounting syllabus.
- Easy language with practical clarity to help you rewrite confidently.
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FAQs – BCOC 131 Solved Assignment
1. Is BCOC 131 difficult?
BCOC 131 mainly focuses on practical accounting concepts like journal entries, depreciation, branch accounts and consignment. Students who practice formats and understand logic behind entries usually find it manageable. With structured preparation and proper presentation, scoring good marks is achievable.
2. Are journal entries important in this assignment?
Yes, journal entries play a crucial role in Financial Accounting. Many questions directly require entries or explanation supported with entries. Writing them in proper format with narration improves clarity and marks.
3. Is assignment submission compulsory for appearing in exam?
Yes, submission through LMS before the due date is mandatory. Without submitting the assignment, you will not be eligible to appear in the Term-End Examination for this course.
4. Does this assignment help in understanding practical accounting?
Absolutely. Topics like depreciation methods, consignment loading, hire purchase entries and joint venture recording strengthen your practical accounting base.
5. How can I score high marks in BCOC 131?
Focus on correct formats, stepwise explanations, proper headings and clear journal entries. Avoid calculation mistakes and maintain neat presentation for better evaluation.
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