BOOK KEEPING O LEVEL(FORM FOUR) NOTES – PARTNERSHIP ACCOUNT
PARTNERSHIP ACCOUNT Partnership may be defined as a relationship between persons carrying on a business in common with a view of profit. In a business
BOOK KEEPING O LEVEL(FORM FOUR) NOTES – LEMENTS OF AUDITING notes
LEMENTS OF AUDITING AUDIT AND INVESTIGATION DefinitionAUDIT – Is the formal examination, correction, and official endorsing of financial account, especially those of a business undertaken
BOOK KEEPING O LEVEL(FORM FOUR) NOTES – DEPARTMENT ACCOUNT
DEPARTMENT ACCOUNTFor The enterprise which has branches about four, five and so on, we need to know theProfit obtained in each branch or department.This will
BOOK KEEPING O LEVEL(FORM FOUR) NOTES – DEPARTMENT ACCOUNT
DEPARTMENT ACCOUNT For an enterprise with about four or five branches, it is important to know the profit obtained in each branch or department. This
BOOK KEEPING O LEVEL(FORM FOUR) NOTES – JOINT VENTURE
JOINT VENTUREIs a temporary partnership, it is formed when two or more people undertaken a certain business acting together instead of doing it separately, e.g.
BOOK KEEPING O LEVEL(FORM FOUR) NOTES – BILL OF EXCHANGE
BILL OF EXCHANGE Bill of exchange is legally defined as an unconditional order in writing addressed by one person to another, signed by the person
BOOK KEEPING O LEVEL(FORM FOUR) NOTES – CONSIGNMENT ACCOUNT
CONSIGNMENT ACCOUNTNATURE OF CONSIGNMENT. When a trader sold directly to the customer which they are in home countries or overseas, these are ordinary sales.However a