Book Keeping O Level(Form One)

BOOK KEEPING O LEVEL(FORM ONE) NOTES – ELEMENTARY BALANCE SHEET
- By ecadmin
- . January 24, 2020
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) NOTES – FINAL ACCOUNT
- By ecadmin
- . January 24, 2020
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) NOTES – INTRODUCTION OF BOOK KEEPING
- By ecadmin
- . January 24, 2020
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) NOTES – DOUBLE ENTRY SYSTEM
- By ecadmin
- . January 24, 2020
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) NOTES – CLASSIFICATION ACCOUNTING
- By ecadmin
- . January 24, 2020
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