Nios Accountancy (224) Tutor Marked Assignment 2021-22 Question Paperwww.growtheducationpoints.com
Nios Accountancy (224) Tutor Marked Assignment 2021-22 Question Paper
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(i) All questions are compulsory. The Marks allotted for each question are given beside the questions.
(ii) Write your name, enrollment numbers, AI name and subject on the first page of the answer
1. Answer any one of the following questions in about 40-60 words.
(a) Accounting information is useful to potential investors and customers. How? (See Lesson 1)
(b)What do you understand by External Liabilities. Give two examples of External Liabilities. (See Lesson 3)
2. Answer any one of the following questions in about 40-60 words.
(a) Explain the Dual aspect concept with the help of an example.
(b) Financial accounting ignores non–monetary information. Explain.
3. Answer any one of the following questions in about 40-60 words.
(a) Write short notes on tangible and intangible assets.
(b) Write down the rules for accounting equation for the following:(i) iwath
4. Answer any one of the following questions in about 100 to 150 words.
(a) Your friend wants to prepare a journal. As a good friend, explain to him the process of journalising.
(b) Explain the meaning and significance of Convention of Conservatism.
5. Answer any one of the following questions in about 100 to 150 words.
(a) Prepare Accounting Equation on the basis of the following:
(i) Ankit started business with cash Rs. 1,80,000.
(ii) He purchased furniture for cash Rs. 20,000.
(iii) He purchased goods on credit Rs. 25,000.
(iv) He sold goods costing Rs. 18,000 for Rs. 40,000 for cash.
(b) Explain the traditional classification of different types of Accounts.
6. Prepare any one project out of the given below:
(a) Prepare Credit Vouchers from the source vouchers of M/s G. K. Computers, South Ex, New Delhi based on the following transactions:
April 4 Sold pen drives for cash vide Cash Memo No. 10 –Rs. 55,000
April 15 Sold old Computer Monitor for cash vide cash Memo No. 39–Rs. 19,000
April 30 Withdrawn cash from Bank for office use vide cheque No. 500417 –Rs. 15,000
(b) Visit any nearby shop and observe their ten business transactions and record them on a
page as journal.
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