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
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