TUTOR MARKED ASSIGNMENT

Course Code   :  ECO - 01

Course Title    :  Business Organization

Assignment Code   :  ECO – 01/TMA/2018-19

Coverage    :  All Blocks

Maximum Marks: 100

Attempt all the questions.

1. a)Distinguish between the following:       (5+5)

i)  Advertising and publicity

ii)  Savings bank account and current account

b)Write short notes on the following:       (5+5)

i)  Essentials of a good transport system

ii)  Components of an insurance contract

2. “None of the four forms of business organization has all the features of an ideal form of

business organization”. Critically evaluate the statement.   (20)

3. Why is the stock exchange called a barometer of the economic and business conditions in  a country?            (20)

4. Discuss various factors to be kept in mind whileselecting suitable medium of advertising.

(20)

5. What are the forms of organization in public enterprises? Explain their features, merits  and limitations of each of them.

TUTOR MARKED ASSIGNMENT

Course Code   :  ECO - 02

Course Title    :  Accountancy-I  Assignment Code   :  ECO – 02/TMA/2018-19 

Coverage    :  All Blocks

Maximum Marks: 100

Attempt all the questions.

1.  (a)What is Bank Reconciliation Statement? Explain the causes of disagreement in the  balances shown by cash Book and Pass Book.      (10)

(b)Why do you maintain bill book separately? State the transactions recorded in Bill Receivable and

Bills Payable journals.  (10)

2.  (a)What is suspense Account? Why is it opened and how is it closed? Explain.  (10)

(b)Why is provision for doubtful debts created? How is it shown in the Balance sheet? Explain

(10)

3.  How would a not-for-profit organization deal with the following items.    (4X5)

(a) Outstanding Subscriptions, (b)Donation, (c)Tournament Fund, (d)Legacy,

(e)Life Membership Fees

4.  (a)What is joint venture ? Explain various methods of recording the joint venture transaction. Give

entries in each case.  (10)

(b) Differentiate between :  (10)

(i)  General Commission and Del Creder Commission

(ii) Normal Loss and Abnormal Loss

5.  “Incomplete records system is unscientific, incomplete, inaccurate and unsystematic”. Explain