NIOS Accountancy (224) Solved Assignment 2023-24 , FREE Accountancy (224) Solved Assignment 2024 , FREE Accountancy (224) Assignment PDF , How to get Accountancy (224) Solved Assignment for Free, We are providing NIOS Accountancy (224) Solved Assignment all over India. 

In this website students will get the all solutions related with their NIOS Assignments, NIOS Study Material , NIOS Previous Years Papers and NIOS Study Notes , Accountancy (224) Solved Assignment 2023-24 is for those candidate who want to submit their assignments on time.

FREE NIOS Accountancy (224) Solved Assignment 2023-24, students can directly done their assignment by simply take reference through our free Notes World (notesworld.in). Accountancy (224) Free solved assignment available here. NIOS Secondary Solved TMA 2023-24 for class 10.

NIOS Accountancy (224) Solved Assignments [TMA] 2023-24

NIOS SOLVED ASSIGNMENTS [TMA] 2023-24

SECONDARY SOLVED [TMA] 2023-24 for Class 10

Accountancy (224)

Tutor Marked Assignment

Click to buy NIOS Accountancy (224) Solved TMA (2023-24) PDF

Max. Marks: 20

Note:

(i) All questions are compulsory. The marks allotted for each question are given beside the question.

(ii) Write your name, enrollment number, AI name and subject on the first page of the answer sheet.

1. Answer any one of the following question in about 40 - 60 words.

(a) Differentiate between accounting and bookkeeping.

Ans - Bookkeeping involves the systematic recording of financial transactions, focusing on day-to-day entries. Accounting, on the other hand, encompasses a broader scope, involving the interpretation, classification, analysis, and summarization of financial data. While bookkeeping is a subset of accounting, accounting involves a more comprehensive understanding of financial information to aid decision-making.

(b) ‘“Accounting Equation remains intact under all circumstances” Justify this statement with the help of examples

Ans - Answer Anyone

2. Answer any one of the following question in about 40 - 60 words.

(a) Enumerate the causes of difference in the balances of cash book and pass book. (See Lesson-8)

Ans - Answer Anyone

(b) What is a business transaction? Give five examples of business transactions. (See Lesson-1)

Ans - Business Transaction and Examples: A business transaction is an economic event that involves the exchange of goods, services, or money. Examples include:

1. Sale of goods to a customer.
2. Purchase of raw materials.
3. Payment of salaries to employees.
4. Borrowing money from a bank.
5. Investment in stocks or bonds.

3. Answer any one of the following questions in about 40- 60 words.

(a) State the meaning of Sales Returns Book. Draw its format. (See Lesson-9)

(b) State the purposes for which capital reserves can be utilized. (See Lesson-13)

4. Answer any one of the following questions in about 100-150 words.

(a) Show the Accounting Equation for the following transactions: (See Lesson-4)

i) Gobind started business with cash 25,000

ii) Purchased goods from Sunita 10,000

iii) Sold goods to Soham costing ₹ 1,800 1,500

iv) Gobind withdrew from business 5,000

(b) The cash book shows a bank balance of Rs.7,800. On comparing the cash book with pass book, the following discrepancies were noted:

i) Cheque deposited in bank not credited, Rs.3,000.

ii) Cheque issued but not yet present for payment.Rs.1,500.

iii) Insurance premium paid by the bank, Rs.2,000.

iv) Bank interest credit by the bank, Rs.400.

v) Bank charges, Rs.100.

vi) Directly deposited by a customer, Rs.4,000.

vii) Prepare a Bank Reconciliation Statement. (See Lesson-8)

5. Answer any one of the following questions in about 100-150 words.

(a) Distinguish between provisions and reserves on the basis of any six points). (See Lesson-13)

(b) Prepare Purchases Book of mABC Enterprises from the following transactions:

 2012

 Jan. 03 Bought from Sun Electricals, Ghaziabad:

 100 tube lights @ Rs 40 each.

 500 table fans @ Rs 500 each.

 Trade discount @ 10%

 Jan. 11 Purchased goods from Ravi Electric Company, Amroha:

 300 bulbs @ Rs 10 each.

 240 Irons @ Rs 200 each

 Trade Discount @ 15%

 Jan. 15 Bought furniture from Modern Furniture House, Delhi :

 10 chairs @ Rs 1,200 each

 3 tables @ Rs 4,000 each

 Jan. 20 Bought from Raftar Fans India, Delhi for cash :

 50 fans @ Ŝ. 1,400 each

 Jan. 28 Bought from Ram and Laxman Co., Delhi :

 250 tube lights @ Rs 45 each

(See Lesson-9)

6. Explain in detail as how the company is created in Tally. (See Lesson-17)

Prepare Journal and post into ledger the following transaction of M/S Garib Chand and Sons.

2012      Particulars       Rs.

Apr. 1 Cash in hand 11,500

Apr. 1 Stock of goods in hand 12,500

Apr. 1 Bank Balance 20,000

Apr. 1 Due to Ramesh 1,000

Apr. 1 Due from Tara Chandani 2,000

Apr. 2 Sold goods to Manmohan 15,000

Apr. 4 Cash sales 7,000

Apr. 7 Sold to Raghuvanshi 4,000

Apr. 9 Bought goods from Ramesh 1,250

Apr. 15 Sold goods to Tara Chandani 2,000

Apr. 18 Wages paid 400

Apr. 21 Received from Manmohan 6,000

Apr. 28 Proprietor took goods for personal use 1,000

Apr. 30 Paid Income Tax 5,000

 (See Lesson-10) 

*********************************

Click to buy NIOS Accountancy (224) Solved TMA (2023-24) PDF

Subscribe on YouTube - NotesWorld

For PDF copy of Solved Assignment

Any University Assignment Solution

WhatsApp - 9113311883 (Paid)