AIOU SOLVED ASSIGNMENT 2 AUDITING CODE 481 AUTUMN 2015

B A CODE 481 AUDITING SOLVED ASSIGNMENT 2

Today we feel pleasure to upload solved assignment 2 for code 481 auditing for B A students. This solved assignment 2 have five questions and the first question is about difference between verification and vouching. 

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MEANING:

VOUCHING:- Means checking the accuracy of the transactions recorded in the books of accounts.

VERFICATION:- Verification means a process to substantiate the validity of assets and liabilities appearing the Balance Sheet.

BASIS:

VOUCHING: Based on documentary evidence.

VERIFICATION: Based on observation and documentary evidence.

OBJECTIVE:

VOUCHING: Vouching objective is to examine the correctness, validity and completeness of the transactions.

VERIFICATION: Verification is to confirm the ownership, possession, existence, valuation and disclosure of the items appearing on the Balance Sheet.

THE VERIFICATION OF ASSETS THROUGH PHYSICAL EXISTENCE

The assertion of the existence of an asset or liability is the basis for verifying whether that particular asset or liability existed with small business on the given date. Transactions recorded in the books of accounts are checked to make certain that they actually took place. It is not enough to check the company’s books of accounts to confirm existence. Other corroborative procedures have to be performed. Similarly, rights assertions relate to the assets of the enterprise and are checked to ensure that the small business owns or controls the right to those assets.

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B A CODE 463 SOLVED ASSIGNMENT 1 AUTUMN 2015

AIOU SOLVED ASSIGNMENT 1 CODE 463 AUTUMN 2015

Aiou solved assignment 1 for code 463 Fundamental of Business or introduction to Business explains the advantages of Partnership. Following are the main advantages of partnership.

ADVANTAGES OF PARTNERSHIP

EASINESS: Partnerships are relatively easy to establish.

COMPLEMENTARY SKILL: A partnership may benefit from the combination of complementary skills of two or more people. There is a wider pool of knowledge, skills and contacts.

COST EFFECTIVE: Partnerships can be cost-effective as each partner specializes in certain aspects of their business.

CAPITAL: Due to the nature of the business, the partners will fund the business with startup capital. This means that the more partners there are, the more money they can put into the business, which will allow better flexibility and more potential for growth. It also means more potential profit, which will be equally shared between the partners.

FLEXIBILITY: A partnership is generally easier to form, manage and run. They are less strictly regulated than companies, in terms of a the laws governing the formation and because the partners have the only say in the way the business is run (without interference by shareholders) they are far more flexible in terms of management, as long as all the partners can agree.

DECISION MAKING: Partners share the decision making and can help each other out when they need to. More partners means more brains that can be picked for business ideas and for the solving of problems that the business encounters.

CREATIVE BRAINSTORMING: Partnerships provide support and will allow for more creative brainstorming.

BORROWING CAPACITY:- Partnerships provide moral support and will allow for more creative brainstorming.

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AIOU SOLVED ASSIGNMENT 1 CODE 460 AUTUMN 2015

CHARACTERISTICS OF NEGOTIABLE INSTRUMENTS:-

Code 460 mercantile law has great importance for the students because this subject gives an information about the laws of contracts, negotiable instruments, sale contracts, Bailment laws etc.. This is solved assignment 1 for this  code 460.

A negotiable instrument has following special characteristics as compared to any other document evidencing a contractual debt. A negotiable instrument may be transferred by mere delivery without the necessity for formal assignment. The only exception to this rule is represented by bills of exchange payable to order which in addition to delivery also require an endorsement.

Where a negotiable instrument is properly transferred or negotiable the transferee, provided that he has given valuable consideration for it acquires a good title irrespective of the quality of the contractual right is “subject to equities” a negotiable instrument is transferred free from equities in that the title of the holder for value does not depend on the title of his predecessor.

TYPE OF NEGOTIABLE INSTRUMENTS

Under section 13 of the negotiable instrument act 1881, a negotiable instrument includes.

(i)                  A Bill of exchange

(ii)                A promissory note or

(iii)              A Cheque Payable either to order or bearer.

Although under this section only above three types of negotiable instruments are mentioned but it has been ascertained from the cases of law that if an instrument satisfies the follow two conditions, it can be treated as a negotiable instruments.

(i)                  If it is such a form which entitles the holder to sue in his own name and

(ii)                If it is transferable.

FOR COMPLETE SOLUTION OF FIRST ASSIGNMENT : PRESS CLIKC

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AIOU SOLVED ASSIGNMENT 2 CODE 456 AUTUMN 2015

SOLVED AIOU ASSIGNMENT 2 CODE 456 BUSINESS TAXATION

Code 456 business taxation related with introduction of taxation and offered by Open University to Bachelor level students especially for B.Com students. This is the 2^nd solved assignment for B.Com Students. The first question of this assignment is related with Penalty for failure to Furnish Statements:-

Where any person, without a reasonable excuse, fails to furnish, within the time allowed for the purpose:-

1)      Statement regarding salary,

2)      Statement regarding dividend,

3)      Statement regarding interest, rent, etc.,

4)      Statement regarding payment to non-residents and contractors,

5)      Statement regarding certain contracts,

6)      Statement regarding certain properties.

7)      Statement regarding certain receipts to income tax authorities.

The commissioner of income tax shall impose an initial penalty of Rs. 2,000. Moreover a further sum of Rs. 200 for every day during which the default continues will also be payable.

PENALTY FOR CONCEALMENT OF INCOME ETC:-

Concealment of income or the furnishing of inaccurate particulars of income shall include:-

1)      The suppression of any income or amount chargeable to tax;

2)      Claiming any deduction for any expenditure actually incurred; and

3)      Any act referred to in sub-section (1) of section III.

PENALTY FOR FAILURE TO MAINTAIN RECORDS:-

Where any person has, without a reasonable excuse, fails to maintain records, the commissioner of income Tax may impose penalty on such person equal to:-

1.       For First Failure                                                         Rs.2000

2.       For Second Failure                                                   Rs.5000

3.       For third and subsequent failure                       Rs.10000

COMPLETE SOLVED ASSIGNMENT "CLICK HERE"

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AIOU SOLVED ASSIGNMENT 1 CODE 456 AUTUMN 2015

SOLVED AIOU ASSIGNMENT 1 CODE 456 BUSINESS TAXATION

We are uploading business taxation solved assignment 1 for code 456 for autumn 2015 and spring 2016. We are explaining some terms of taxation code 456 for example:-

TOTAL INCOME:

Total income of a person for a tax year shall be the sum of the:

(a)    Person’s income under all heads of income for the year; and

(b)   Person’s income exempt from tax under any of the provisions of this ordinance.

RESIDENT:-         Following sections of Chapter 1 explain:-

(50)        Resident company means a resident company as defined in section 83;

(51)        Resident individual means a resident individual as defined in section 82;

(52)        Resident person means a resident person as defined in section 81;

(53) Resident taxpayer means a taxpayer who is a resident person;

INDUSTRIAL UNDERTAKING:- Industrial undertaking means (29c)-

(a)    An undertaking which is set up in Pakistan and which employs (i) ten or more persons in Pakistan and involves the use of electrical energy or any other form of energy which is mechanically transmitted and is not generated by human or animal energy; or (ii) Twenty or more persons in Pakistan and does not involve the use of electrical energy or any other form of energy which is mechanically transmitted and is not generated by human or animal energy: and which is engaged in, (i) The manufactured of goods or materials or the subjection of goods or materials to any process which substantially changes their original condition; or (ii) ship-building; or (iii) Generation, conversion, transmission or distribution of electrical energy or the supply of hydraulic power; or (iv) The working of any mine, oil-well or any other source of mineral deposits; and (b) Any other industrial undertaking which the board may by notification in the official gazette, specify.

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B A CODE 461 SOLVED ASSIGNMENT 2 AUTUMN 2015

AIOU SOLVED ASSIGNMENT 2 CODE 461 ADVERTISING 2015 AUTUMN

This is the second solved assignment for code 461 advertising or ishteharyat for semester autumn 2015 exams in spring 2016 for B A students, this book consisted on nine units but the second solved assignment only consisted on unit from 5 to 9.

The first unit introduces the main points of advertising e.g basic information about advertising, definition of advertising, back ground of advertising, scope of advertising etc. in second unit kinds of advertising has been described in sense of practical manner. The third unit described the importance of copy of advertising as copy of advertising keeps major importance. The fourth unit of this subject described the Mohim of Ishtehar, while the fifth unit consist and describes the construction of advertising, fifth unit is the start of second assignment. So from first unit of last unit number nine this book is very informative and interesting. Really the students of Allma Iqbal Open University is enjoying and the coming students will enjoy. Because this book focuses the current circumstances or current environment of markets need.

Aiouassigments dot com is providing an opportunity to the students to find their solved assignment of semester autumn 2015. You students just visit the following given link

"CLICK HERE"

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AIOU SOLVED ASSIGNMENT 1 CODE 461 ADVERTISING AUTUMN 2015

AIOU SOLVED ASSIGNMENT 1 CODE 461 ADVERTISING

Aiou code 461 advertising or ishteharyat is not only very interesting subject but also very knowledgeable subject. Today we would like to upload solved assignment 1 for this subject. This subject has very old history. It starts from the first day when different professions came into existence. When theses profession produced some goods they need to introduce their products in the market, they need some methods by using them they introduce their products to the customers or market. So by lapsing time different sources develop through which they sell their extra products in the market but with more passage of time, when they produced very huge amount of their products a new concept developed, this concept was the marketing, advertising is one of its job, people focuses on advertising because in modern era newly developed products and biggest business units gets success only through advertising.

Only through advertising we can introduce our products, services, programs, planning’s and concepts to the customers.

Ads also play very important role in this competitive era because advertisement urges to customers and make his mind to buy this product.

So for complete and easily solution you should visit on the following link: so dear student plz just 

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AIOU SOLVED ASSIGNMENT 2 CODE 462 AUTUMN 2015

AIOU SOLVED ASSIGNMENT 2 CODE 462 COST ACCOUNTING AUTUMN 2015

Solved assignment # 2 for aiou students for course code 462 cost accounting for B.com students autumn semester 2015 and semester spring 2016. In Cost Accounting we also discussed Operational Budget Relationships Sales revenues fund the other operational budgets. The sales budget and all other department budgets are closely related. The cost of producing an item, including direct costs and indirect costs is a major consideration when setting the selling price of a line of merchandise. Yet the selling price must be competitive in the marketplace to make enough sales to fund the other           budgets. Streamlining the process and minimizing waste is essential to increasing profits.

Financial Budget

The financial budget has five parts. The schedule of expected cash receipts is based on predicated future sales revenues during each period. The amount for each month or quarter will vary in small businesses that are cyclical in nature. The schedule of expected cash payments reflects the amount of money your business plans to spend on purchases during each financial period. The cash budget, income statement and balance sheet all reflect budgeted amounts. If you compare them with the actual numbers at the completion of each quarter, then you can make any necessary adjustments.

MASTER BUDGET ORDER OF COMPLETION

Some component budgets require financial data from other budgets before you can complete them. The correct order for completing the operational budget components is:- sales, production, direct material purchases, direct labor, overhead, administrative and cost of goods manufactured.

For students assistance we are going to upload the  wosolved assignment # 2 for this course 462 on the following link just press word “CLICK”

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AIOU SOLVED ASSIGNMENT 1 CODE 462 AUTUMN 2015

AIOU SOLVED ASSIGNMENT 1 CODE 462 COST ACCOUNTING AUTUMN 2015

Solved assignment for aiou students for course code 462 cost accounting for B.com students autumn semester 2015 and semester spring 2016.

CHARACTERISTCS OF EXCELLENT COSTING SYSTEM:-

1)      SIMPLICITY:- Should be very simple and clear, so that an average man can understand the functions.

2)      Suitability:-         Costing system must be devised such manner that suits even for the small scale industries.

3)      Flexibility:-          Must be flexible, so that in case of any changes required from time to time in the business are made possible.

4)      Economical:-      Maintaining a separate costing department and recording are quite expensive. Therefore, the expense must on the basis of the finance available and expenses must be less than the benefits derived from the system.

5)      Comparable:-    the records maintained are should be easily comparable with other year records. The past records must serve as a basis to guide the future.

6)      Less Clerical work:-          Work like preparation of statement and filling forms should be simple and short as most of workers are may not be well educated.

7)      Control:-              An effective way of control system must be implemented over material, labor and overhead cost as it will be helpful minimize the wastage of material, labor and overhead costs.

8)      Uniformity:- All the forms and statements using by the costing accounting system must be uniform in terms of size and design and quality of paper.

9)      Reconciliation:-                 The system of cost accounting must be capable of being reconciled with financial accounting so as to check the accuracy of both the system of accounting i.e Financial and cost accounting.

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AIOU SOLVED ASSIGNMENT 2 CODE 413 UMRANYAT AUTUMN 2015

AIOU SOLVED ASSIGNMENT 2 CODE 413 SOCIOLOGY AUTUMN 2015

Aiou solved assignment 2 for subject of sociology UMRANYAT code 413 is available for the students of B A or bachelor level for semester autumn 2015 and spring 2016. In the first question of second assignment is related with that describe the factors of terrorism in Pakistan and the impact of terrorism on Pakistani society. The second question of this assignment is about the situation of street crime in Pakistan and how we can control these street crimes in Pakistan. 

The third question related with the development of community that what is the meaning of community development. The role of worker in establishing the community development. The fourth question related needs to explain the about the rural life in society. The fifth and last question is please explain a comprehensive note on “How we find the Ghrbat” and the “need and importance of education”

So students we are going to give you a link where you can find the solved assignment of this course code 413.

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AIOU SOLVED ASSIGNMENT 1 CODE 413 UMRANYAT AUTUMN 2015

AIOU SOLVED ASSIGNMENT 1 CODE 413 SOCIOLOGY

Aiou solved 1 assignment for subject of sociology code 413 is available for the students of B A semester autumn 2015 and spring 2016. In the first question of first assignment is related with the branches of sociology. It is realistic matter that sociology is a new science. And this new science made great development in very short time. We can judge the development of this subject that currently it has more than 500 branches. We are going to write down some names of these branches. For example Rural sociology, Family sociology, religion and sociology, industrial sociology, sociology about global socials, city sociology, education and sociology, administrative sociology, agricultural sociology etc.

Scope of Sociology:-

The subject of sociology has wide scope and it includes all those factors to which we think that it related with sociology. This subject explains the different sides of social life. Due to this it relates with all topics that belongs with social life.

The solved assignment 1 for sociology code 413 describes all these matters in detail. So to know about the social life every man needs to take the knowledge of this subject, which is very important to understand the social life.

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