Scheme of work for secondary Accounting SSS 1 Third Term



Preparation of bank reconciliation with credit balance

Preparation of bank reconciliation when there is bank reconciliation. debit balance

End of year adjustments in profit and loss account – accruals and prepayments accrued income

Provision for bad debt, bad debts, provision for discount allowed and received.

Bad debt recovered, work exercises

Depreciation of fixed assets meaning, reasons, methods of provision for depreciation, elements,

terminologies, amortisation and depletion

Straight line and reducing balance methods, depreciation schedule, advantages and disadvantages of each method- ledger

Treatment of depreciation in profit and loss and balance sheet

Preparation of final accounts with end of year adjustments