IGNOU ECO-02 Assignment 2026-27
Accountancy-1
Last updated by IGNOU: 06 Aug 2026. Guide written from the official PDF on 23 Oct 2026, 07:24 am.
| Course code | ECO-02 |
|---|---|
| Course title | Accountancy-1 |
| Programme | Bachelor of Computer Applications (BCA) (Revised Syllabus)BCAOL, BDP |
| School | School of Computer and Information Sciences |
| Assignment code | BCA (II)/02/Assignment/2026-27 |
About the ECO-02 assignment
The ECO-02 Accountancy-1 assignment covers depreciation, special journals, accounting errors, the roles of journals and ledgers, and methods of finding credit sales. It also includes a consignment accounting problem and comparisons between financial statements and accounting systems.
There are five compulsory questions worth 20 marks each, with some divided into subparts. The assignment totals 100 marks and carries 30% weightage. Students must explain accounting concepts, discuss distinctions and prepare ledger accounts for the numerical problem.
What the assignment asks
| Question | Marks | Topic |
|---|---|---|
| Q1 | 20 | Explain depreciation, its objectives and the methods used to calculate it. |
| Q2 (a) | 10 | Explain why journals are subdivided and identify common special journals and the transactions recorded in each. |
| Q2 (b) | 10 | Describe the different types of accounting errors with examples. |
| Q3 (a) | 10 | Discuss the ledger's role as the principal book and explain why a journal is needed despite the possibility of direct ledger entries. |
| Q3 (b) | 10 | Discuss how credit sales can be determined using a Total Debtors Account or a Memorandum Trading Account. |
| Q4 | 20 | Prepare ledger accounts in both parties' books for a bicycle consignment involving expenses, an advance, sales, commission and final remittance. |
| Q5 | 10+10=20 | Distinguish between a Profit and Loss Account and a Balance Sheet, and between single-entry and double-entry accounting systems. |
This is a summary of each question. Download the official PDF above for the exact questions and word limits.
How to write and submit it
Assignment details and PDFs come from IGNOU's official website; the guide is a summary of the official PDF. Always check the latest instructions and last dates on ignou.ac.in or with your Regional Centre before submitting.