Book Keeping O Level(Form One) Book Keeping Olevel Notes Business Study Notes Form One

BOOK KEEPING O LEVEL(FORM ONE) NOTES – ELEMENTARY BALANCE SHEET

ELEMENTARY BALANCE SHEET ELEMENTARY BALANCE SHEETIs a statement which shows that list of assets, liabilities and capital of business at as specific period.The purpose of

Book Keeping O Level(Form One) Book Keeping Olevel Notes Business Study Notes Form One

BOOK KEEPING O LEVEL(FORM ONE) NOTES – FINAL ACCOUNT

FINAL ACCOUNTTrading Account & Profit and Loss AccountPurpose of business is to earn profit. Trader is in position to know how well he has fared

Book Keeping O Level(Form One) Book Keeping Olevel Notes Business Study Notes Form One

BOOK KEEPING O LEVEL(FORM ONE) NOTES – INTRODUCTION OF BOOK KEEPING

INTRODUCTION OF BOOK KEEPINGBook keeping: can be defined as the art of recording financial business transaction in the set of books in terms of money

Book Keeping O Level(Form One) Book Keeping Olevel Notes Business Study Notes Form One

BOOK KEEPING O LEVEL(FORM ONE) NOTES – DOUBLE ENTRY SYSTEM

DOUBLE ENTRY SYSTEMMeaning:Is the book keeping principle of recording transactions twice in a book of account whereby the principle states that every debit entry must

Book Keeping O Level(Form One) Book Keeping Olevel Notes Business Study Notes Form One

BOOK KEEPING O LEVEL(FORM ONE) NOTES – CLASSIFICATION ACCOUNTING

CLASSIFICATION ACCOUNTINGAccount can be classified into two main categories; a). Personal account. b). Impersonal account. 1. PERSONAL ACCOUNTPersonal account is for a name of persons