Principle Of Accounting
THIRD TERM E-LEARNING NOTE SUBJECT: FINANCIAL ACCOUNTING CLASS: SS1 SCHEME OF WORK [mediator_tech] WEEK TOPIC The Bank Account and its operations Bank Reconciliation Statement Bank Reconciliation Statement Final Accounts of a Sole Trader Final Accounts of a Sole Trader The Balance Sheet Opening Entries and Recording of Subsequent Financial Transactions WEEK ONE
Subject: ACCOUNTING Term: FIRST TERM Week: WEEK 7 Class: SS 1 Topic: CORRECTION OF ERRORS Behavioural objectives: At the end of the lesson, the learners will be able to mention types of error. explain types of errors. correct errors through journals identify the types of journals Previous lesson: The pupils have previous knowledge
WEEK EIGHT AND NINE DATE ……………… TOPIC: THE TRIAL BALANCE CONTENT Definition of the Trial Balance Uses of the Trial Balance Preparation of the Trial Balance The Trial Balance and Errors in the Books A trial balance is a list of all the balances extracted from the ledgers at a particular date, to test (verify,
WEEK SEVEN DATE ……………………… TOPIC: CLASSIFICATION OF ACCOUNTS CONTENT Classification of Accounts Division of the Ledger The Trial Balance An account is a ledger record, in a summarized form, of all transactions that have taken place with a particular person. An account can also be defined as a history of all transactions of similar nature.
WEEK FIVE AND SIX DATE ……………… TOPIC: Petty Cash Book CONTENT Definition and makes use of of the Petty Money E-book The Imprest System: – Which means, Traits and Benefits Preparation of the Petty Money E-book The Petty Cash Book That is the subsidiary ebook of account that’s used for recording low-value (petty) money funds
WEEK THREE AND FOUR DATE ……………… TOPIC: Three Column Cash Book CONTENT Reductions – Definition, Sorts, Options Causes for Granting Reductions Variations Between Commerce Reductions and Money Reductions Classification on Money Reductions The Three Column Money Guide Three Column Money Guide The sort of Money Guide mix low cost column on each sideto the money
WEEK ONE AND TWO DATE ……………………. TOPIC: THE CASH BOOK CONTENT Types of Cash Book Single Column Cash Book Two Column Cash Book Contra Entries Bank Overdraft The Cash Book is a subsidiary book of account that is used to record the payments and receipts of money (cash or cheques) to or by a business
1st Term Examination AGRICULTURAL SCIENCE JSS 1 1st Term Examination SSS 1 Biology SSS 1 1st Term Examination AGRICULTURAL SCIENCE JSS 2 1st Term Examination AGRICULTURAL SCIENCE JSS 3 1st Term Examination ECONOMICS SSS 1 1st Term Examination SOCIAL STUDIES JSS 1 1st Term
Edu Delight Tutors Subuode Gbaga Gasline Ogun State 1st Term Examination FINANCIAL ACCOUNTING SSS 1 Section A Answer all questions correctly A document sent from the seller to the buyer showing the description, quantity, unit price and net value of goods bought is known as __________ (a)Receipt (b)invoice (c)cheque (d)credit note On which source document
Ss 3 Financial Accounting Exams 3rd term SECTION A Goodwill is a ——- (a) current asset ( b) intangible asset( c) current liability( d)fictitious asset Vendor means the seller of the (a) business (b) asset (c) liabilities (d) capital Capital reserve is( a) current assets( b) fixed assets (c) liabilities (d) equity The double entry
FINANCIAL ACCOUNTING Edu Delight Tutors (1) Which of the following is the book of original entry for all payments and receipt whether by cash or cheque (a) Sales day book (b) Purchase day book (c) Cash book (d) journal book (2) Which of the following fixed asset is not depreciable (a) Building (b) Budding (c)
Subject: ACCOUNTING Term: FIRST TERM Week: WEEK 4 Class: SS 1 Topic: PRINCIPLES AND PRACTICE OF DOUBLE ENTRY Behavioural objectives: At the end of the lesson, the learners will be able to Explain the rule of double entry apply the rules of double entry Previous lesson: The pupils have previous knowledge of ETHICS
SECOND TERM E-LEARNING NOTE SUBJECT: FINANCIAL ACCOUNTING CLASS: SS 1 SCHEME OF WORK WEEK TOPIC – 2 Cash Book – Single Column Cash Book/Double Column Cash Book – 4 Three Column Cash Book – 6 Petty Cash Book Accounts: Meaning and Classifications: The Ledger: Meaning and Classification – 9 The Trial Balance – Preparation, Uses
SCHEME OF WORK 1 1st TERM ACCOUNTING SS 1 WEEK TOPIC BOOK KEEPING AND ACCOUNTING THE NEED FOR BOOKING AND ACCOUNTING ETHICS OF ACCOUNTING PRINCIPLES AND PRACTICE OF DOUBLE ENTRY ACCOUNTING CONCEPTS AND CONVENTIONS THE USE OF GENERAL JOURNALS AND OPENING AND CLOSING ENTRIES OF GENERAL JOURNALS. CORRECTION OF ERRORS TYPES OF DISCOUNTS ANALYTICAL CASH
Question The three column cash book is one of the subsidiary books of account used to record cash and bank transactions in addition to _______________Answer Discounts received and discount allowed Question An invoice is used to prepare the ________ Answer Sales day book Question The documents that are exchanged between buyers and sellers which are