BOOK KEEPING O LEVEL(FORM TWO) NOTES – GOVERNMENT ACCOUNTING
GOVERNMENT ACCOUNTING Government accounting involves the comprehensive activities of analyzing, summarizing, reporting, and interpreting the financial transactions of a government unit. It ensures that all
BOOK KEEPING O LEVEL(FORM TWO) NOTES – TWO COLUMN CASH BOOK
TWO COLUMN CASH BOOKAs the business grow up, the business/firm seems there are necessities of having sometimes to keep their money safe therefore, they usually
BOOK KEEPING O LEVEL(FORM THREE) NOTES – MANUFACTURING ACCOUNT
MANUFACTURING ACCOUNTBusiness can be classified into two types: merchandising and manufacturing. Merchandising firms deal with buying and selling manufactured goods, while manufacturing firms process raw
BOOK KEEPING O LEVEL(FORM ONE) NOTES – FINAL ACCOUNT
Final AccountTrading Account & Profit and Loss AccountThe primary purpose of a business is to earn profit. A trader needs to know how well the
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
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 TWO) NOTES – BOOK OF PRIME ENTRY(2)
SALES DAY BOOKWhen a sale taken place on credit, the seller send an invoice to the buyer. The invoice is made out in duplicate and
BOOK KEEPING O LEVEL(FORM THREE) NOTES – CONTROL ACCOUNT
CONTROL ACCOUNTDue to their small number of business transactions small firms can operate effectively with one ledger. Large business firms have a large number of