IGNOU BCOC-131 December 2025 Previous Year Question Paper

Q1.(a) Describe the characteristics of accounting information. 10

(b) What do you mean by double entry system ? What are the advantages of double entry system ?

Q2.(a) Write a detailed note on the principles that govern the measurement of accounting income. 10

(b) What are the different types of errors ? Explain each of them in brief with suitable examples.

Q3.The Trial Balance of Shiva did not tally. The credit side exceeded by % 1,455. This amount was entered in the debit column against Suspense Account and the Trial Balance was made to tally. Later, the following errors were discovered : 20

(6) Goods worth % 1,250 were sold to Mahesh on credit. This was entered in the Sales Book but was not posted.

(ii) Goods worth = 313 were returned by Ahmed. The amount was credited to his account but was not recorded in the Returns Inwards Book.

(iii) Manoj paid = 670 but his account was wrongly credited with = 607.

(iv) An amount of = 375 owed by Dinesh was omitted from the schedule of Sundry Debtors.

(v) The Sales Book was undercast by हैं 420. Rectify the errors and show the Suspense Account.

Q4.Define adjustments in final accounts.

Q5.Explain five adjustments with suitable examples.

Q6.(a) Explain the accounting treatment of important items in the books of Hire Purchaser. 10

(b) How do you handle purchase and depreciation of branch fixed assets whose accounts are kept at the head office level ?

Q7.You are provided with the following figures. Prepare Trading and Profit & Loss Account of Raghav & Co. for the year ended December 31, 2020 : 20 Stock on January 1, 2020 40,000 Purchases 98,000 Commission received 650 Rent, Rates and Taxes 8,600 Salaries and Wages 12,000 Sales 1,62,100 Returns inwards 2,400 Returns outwards 3,000 Sundry Expenses 2,500 Bank Charges 50 Discount Received 750 Carriage on Purchases 2,000 | allowed 530 Carriage on Sales 1,700 Lighting and Heating 2,200 Postage 300 Income from investments 500 Commission paid 1,000 Interest paid on a bank loan 550 The stock on December 31, 2020 was valued at % 26,000.

Q8.Identify the items in the consignment account that are recorded at the invoice price. Give journal entries that have been passed to reflect the adjusting of loading for each item.

Q9.Ram consigned 2000 tons of coal at = 50 per ton to Shyam of Delhi. He paid = 20,000 as freight. Due to normal wastage 1950 tons only were received by Shyam. He paid % 5,000 as unloading charges. Goods sold were 1300 tons. You are required to calculate the value of closing stock.

Q10.Write notes on any two of the following : 2x10=20

(a) Ledger and Groups

(b) Preparation of Reports

(c) Opening Entry 2x10=

(20)