Tuesday, June 16, 2015

IGNOU - ECO:14 (Accountancy - II) Study Plan and Selected Questions for Upcoming Exam

BACHELOR'S DEGREE PROGRAMME
Term-End Examination June’ 2015
ELECTIVE COURSE: COMMERCE ECO-14: ACCOUNTANCY-II
Time: 2 hours Maximum Marks: 50
Note: Attempt any four questions including question no. 1 which is compulsory.

You have to attempt total four questions out of total seven questions in which 1st question is theoretical and compulsory. From rest 6 questions you have to attempt only 3 question in which you can select cash flow and funds flow theory section, ratio analysis practical section and partnership practical section from which 2 questions are certain. For the last one, you can select issue of shares and debentures section.

Chapter wise selected questions:
Theory Section

Departmental accounts:                               MUST STUDY
1. What is departmental accounting? Mention its uses. Explain the basis of allocation of various expenses amongst various departments.
2. How Inter-departmental transfer is treated in departmental accounts? Explain the treatment of unrealized profit in departmental account.
3. Distinguish between departmental and branch accounting.

Branch account:                                                MUST STUDY
1. What is Branch accounting? What are its objectives? Distinguish between department and branch accounting.

Sunday, June 14, 2015

IGNOU - ECO:01 (Business Organisation) Selected Questions and Study Plan for Upcoming Exam

Term-End Examination: June’2015 Selected Questions
ELECTIVE COURSE: COMMERCE ECO-1: BUSINESS ORGANISATION
Time: 2 hours Maximum Marks: 50 (Weightage 70%)
Note: Attempt both Part-A and Part-B.
Part – A Consists of Short notes and difference
Part – B consists of 5 to 6 which out of which you have to attempt only 3 questions.
You are advised to select must study section.
Study short notes and difference from each block.
Further you can take risk by avoiding dec’ 2014 questions.

Block 1: (15 to 20 Marks expected from this block)
1. What is business? What are its essential features? Distinguish between business, profession and employment.
2. What is trade? Mention various aids to trade?
3. Write short notes on Trade, Commerce, Business and Industry (four to five lines)
4. What is a joint stock company? Explain as to how it overcomes the limitations of partnership form of organisation.
5. What is Partnership? Mention its features.
6. What is Cooperative organisation? Mention its merits and limitations.
7. What are the requisites of an ideal form of business organisation?
8. Explain the factors that determine the choice of the form of business organisation.
9. Mention various types of promoters (two lines each). Distinguish between entrepreneur and promoter.
10. Who is an Entrepreneur? What are his essential characteristics? Explain at least five functions of entrepreneur.

Saturday, June 13, 2015

IGNOU - ECO:12 (AUDITING) Selected Questions and Study Plan for Upcoming Exam

ECO – 12 STUDY PLAN
BACHELOR'S DEGREE PROGRAMME
Term-End Examination June’ 2015
ELECTIVE COURSE: COMMERCE
ECO-12: ELEMENTS OF AUDITING
Time: 2 hours
Maximum Marks: 50 (Weightage 70%)
Note: Attempt any five questions. All questions carry equal marks.

As you have to attempt only 5 questions, it is not necessary to complete each and every block. Some must study section are suggested. So plan you study accordingly. Don’t forget to study current year’s assignment.

Block – 1 (Part A: One Question expected from this Section – 10 Marks) – Must Study
1. Define the term “Auditing”. What are its primary and secondary objectives?
2. Explain the various qualities of a good auditor.
3. List out various types of audit (Two lines about each). Mention six advantages of audit.
4. What is continuous audit? Mention its advantages and limitations.
5. Mention 5 differences between:
a)      Accountancy and Auditing
b)      Auditing and Investigation
c)       Continuous and periodical audit

Block – 1 (Part B: One Question expected from this Section – 10 Marks)

Wednesday, June 10, 2015

IGNOU - ECO:3 (MANAGEMENT THEORY) Selected Questions and Study Plan for Upcoming Exam

BACHELOR'S DEGREE PROGRAMME
ELECTIVE COURSE: COMMERCE
ECO-3: MANAGEMENT THEORY STUDY PLAN FOR JUNE’ 2015 EXAM
Time: 2 hours
Maximum Marks: 50
TOTAL NUMBER OF QUESTIONS ASKED CAN BE 7 OR 9 AND YOU HAVE TO ATTEMPT ONLY 4 OR 5 QUESTIONS.

Introduction to Management (One Question expected)
1. Define the term ‘Management’. Explain its various functions.
2. Do you agree with the view that management is both science and an art? Discuss.
3. State the social responsibilities of management towards owners and the society.
4. What is scientific management? What are its principles?
5. Explain the merits and limitations of scientific management.
6. Write short notes on:
Ø  Management vs Administration
Ø  Modern theory of management
Ø  Human behaviour approach of management
Ø  Limitations of management principles

Planning (One Question expected) – Must Study

Tuesday, June 09, 2015

IGNOU - ECO:2 (ACCOUNTANCY - I) Selected Questions and Study Plan for Upcoming Exam

BACHELOR'S DEGREE PROGRAMME
Important Questions for June’ 2015 Examination
ELECTIVE COURSE: COMMERCE ECO-2: ACCOUNTANCY-I
Time: 2 hours
Maximum Marks: 50
You have to attempt only four out of total six questions in which Q.N.1 is compulsory
It is advisable to complete at least 4 blocks and current year assignment.

BLOCK 1: Accounting Fundamentals
Unit 1 : Basic Concepts of Accounting
Unit 2 : The Accounting Process
Unit 3 : Cash Book and Bank Reconciliation
Unit 4 : Other Subsidiary Books
Unit 5 : Bills of Exchange

BLOCK 2: Final Accounts
Unit 6 : Concepts Relating to Final Accounts

IGNOU - ECO:5 (MERCANTILE LAWS) Selected Questions and Study Plan for Upcoming Exam

BACHELOR'S DEGREE PROGRAMME
Important Questions for June’ 2015 Examination
ELECTIVE COURSE: COMMERCE ECO-5: Mercantile Laws
Time: 2 hours
Maximum Marks: 50
You have to attempt only five out of total nine questions. No Question is compulsory

It is advisable to complete at least 3 blocks and current year assignment.

Indian Contract Act Important Questions for June’ 2015 Exam (3 Questions are expected from this)
1. "All agreements are not contracts, but all contracts are agreements". Discuss the statement explaining the essential elements of a valid contract.
2. What do you mean by discharge of a contract?  Discuss the "Discharge by breach" with examples.
3. What do you mean by “Breach of Contract”? Explain the remedies available to an aggrieved party on breach of a contract.                             
4. Who is a minor? When can a minor enter into a valid contract? What happens if a minor misrepresents his age?

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