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

BOOK KEEPING O LEVEL(FORM TWO) NOTES – BOOK OF PRIME ENTRY(1)

BOOK OF PRIME ENTRYJOURNALSJournal is French word meaning “Daily Record”. It is used to record transactions at first before the businessman forget the exact details

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

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

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) Book Keeping Olevel Notes Business Study Notes Form Four

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 Two) Book Keeping Olevel Notes Business Study Notes Form Two

BOOK KEEPING O LEVEL(FORM TWO) NOTES – THREE COLUMN CASH BOOK

THREE COLUMN CASH BOOKTHE THREE COLUMN CASH AND DISCOUNT. Is the cash book which contains three columns namely;- cash column, bank column and discount column.DISCOUNT

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 Four) Book Keeping Olevel Notes Business Study Notes Form Four

BOOK KEEPING O LEVEL(FORM FOUR) NOTES – PARTNERSHIP ACCOUNT

PARTNERSHIP ACCOUNTPartnership may be defined as relationship between persons carrying on a business in common with a view of profit.In a business partnership two or

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

BOOK KEEPING O LEVEL(FORM TWO) NOTES – GOVERNMENT ACCOUNTING

GOVERNMENT ACCOUNTING Is the composite activities of analyzing, summarizing, reporting and interpreting the financial government unit.PURPOSE OF GOVERNMENT ACCOUNTING1. To provide required information to the

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 Three) Book Keeping Olevel Notes Business Study Notes Form Three

BOOK KEEPING O LEVEL(FORM THREE) NOTES – ADJUSTMENT

ADJUSTMENTYEAR END ADJUSTMENT Principles of Book keeping requires that all transactions made should be recorded at the time made should be recorded at the time

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

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) Book Keeping Olevel Notes Business Study Notes Form Three

BOOK KEEPING O LEVEL(FORM THREE) NOTES – DEPRECIATION OF FIXED ASSETS-1

DEPRECIATION OF FIXED ASSETS-1 DEPRECIATIAON Definition. Is the decrease in value of assets or is the fall of value of Assets.What factors causes Depreciation.1) Physical

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

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 Four) Book Keeping Olevel Notes Form Four

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 Two) Book Keeping Olevel Notes Business Study Notes Form Two

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) Book Keeping Olevel Notes Business Study Notes Form Three

BOOK KEEPING O LEVEL(FORM THREE) NOTES – PROVISIONS

PROVISIONSBAD DEBTS AND PROVISION FOR BAD DEBTS / PROVISION FOR DOUBTFUL DEBTS If a firm finds it is impossible to collect a debt that should