IGNOU DBPOFA BPOI 102 Fundamentals of Accounting Solved Assignment ENGLISH

Please make sure your assignment questions match your current IGNOU session

BPOI 102 (January 2026 - July 2026) - ENGLISH

DBPOFA

TUTOR MARKED ASSIGNMENT

Fundamentals of Accounting

Maximum Marks: 100

Weight age: 30%

Course Code: BROI -102/002

Pass Marks: 40%

January 2026 session & July 2026 session

Note: This assignment covers all of Course 2. Marks assigned to the questions have been shown in the bracket

Section A

Attempt any 05 questions

1) Name the parties interested in Accounting Information?

(10)

2) What is meant by Accounting Standards? Highlight its objectives?

(10)

3) What are the different types of Adjustment Entries?

(10)

4) State the rules for recording Journal entries?

(10)

5) What are the types of Error in accounting books?

(10)

6) What is Trial Balance? Why do we prepare a Trial Balance?

(10)

7) Explain the difference between Profit & loss Account & Balance Sheet?

(10)

8) Why a cheque is dishonored? How do you record it in the Cash Book?

(10)

Section B

Attempt all the questions

1) Explain the various heads of liabilities and assets of Balance Sheet?

(20)

2) Journalize the following transactions

(2x5=10)

i. Sold Goods to Samir brothers on January 15, 2025 Rs 30,000

ii. Bought goods on account from Das & Co. on January 18, 2025 Rs 1, 00,000

iii. Purchased goods from Sahil brothers on January 21, 2025 Rs 20,000

iv. Paid salaries on June 3, 2025 Rs 30,000

v. Received interest on investments on June 5, 2025 Rs 2,500

3) Record the following transactions in Journal of Sunny and post them into Ledger

(20)

i. Commenced business with cash Rs 6, 00,000

ii. Goods purchased from Sachet Rs 60,000

iii. Goods returned to Sachet Rs 30,000

iv. Interest paid to Sham Rs 20,000

v. Commission received from Arun Rs 6,000

vi. Sold goods to Kabir Rs 5, 00,000

vii. Discount allowed to Kabir Rs 20,000

viii. Discount received from Sachet Rs 9,000

ix. Furniture purchased on cash Rs 80,000

x. Cash paid to Sachet Rs 7,000

Last Date for Submission of Assignment

For June TEE Exam                 31st March 

For December TEE Exam       30th September

 

BPOI 102 2025 - English

DBPOFA

TUTOR MARKED ASSIGNMENT (2025)

Fundamentals of Accounting

Maximum Marks: 100

Course Code: BPOI-102

Weight age: 30%

January 2025/July 2025

Note: This assignment covers all of Course 2. All questions are compulsory. Marks assigned to the questions have been shown in the bracket.

Q1. Fill in the blanks:

(1x5=5)

i. Action + Money = ...........................

ii. A compound entry is passed for transactions involving .........................

Cash Book always shows a ................ balance.

iv. The  .................. should not be made by overwriting or by striking off the wrong entry.

V. Suspense Account is shown in the .........................

Q2. True or False:

(1x5=5)

i. In accounting terminology, the first category of expenditure is called capital expenditure.

ii. Depreciation on fixed assets is an example of revenue loss

If closing stock appears in the Trial Balance, it is shown in the Trading Account

iv. Reserve is created only when there are profits

V. Share premium is the amount realized by issuing shares in excess of the face value of shares.

Q3. Write short notes on: (In about 200-250 words)

i. Accrual Basis of Accounting

(10)

ii. Classification of Accounts and their Rules

(15)

Q4. Record the following transactions in Journal of Ram and post them into Ledger (25)

i. Commenced business with cash Rs 6,00,000

ii. Goods purchased from Sachin Rs 60,000

Goods returned to Sachin Rs 30,000

iv. Interest paid to Shyam Rs 20,000

V. Commission received from Arun Rs 6,000

vi. Sold goods to Kabir Rs 5,00,000

vii. Discount allowed to Kabir Rs 20,000

viii. Discount received from Sachin Rs 9,000

ix. Furniture purchased on cash Rs 80,000

Χ. Cash paid to Sachin Rs 7,000

Q5. Journalize the following transactions

(2x5=10)

i. Sold Goods to Samir brothers on January 15, 2020          Rs 30,000

ii. Bought goods on account from Das & Co. on January 18, 2020      Rs 1,00,000

iii. Purchased goods from Sahil brothers on January 21, 2020          Rs 20,000

iv. Paid salaries on June 3, 2020     Rs 30,000

V.  Received interest on investments on June 5, 2020      Rs 2,500

Q6. From the following particulars of M/s XYZ & Co., prepare a Single Column Cash Book 2019

(10)

March 1    Commenced Business with Cash Rs 2, 00,000

March 5     purchased the goods for cash Rs 50,000

           7                 Sold goods for cash Rs 40,000

           12                Purchased goods from Ajay on credit Rs 1, 00,000

          15              Paid to Ajay Rs 70,000

           18               Made cash sales Rs 80,000

           20               Purchased furniture items for office use Rs 60,000

            25              Paid wages Rs 3,800

           25              Paid Rent Rs 4,000

           26               Received Commission Rs 6,000

            28                Withdrew money for personal use Rs 10,000

            30                Paid salaries Rs 9,000

Q7. Explain the various heads of liabilities and assets of Balance Sheet?

Last Date for Submission of Assignment (or as and when notified by the University)

For June TEE Exam

31st March

For December TEE Exam

30th September

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