Principle Of Accounting

Lesson Notes Third Term SSS 1 Financial 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

CORRECTION OF ERRORS

  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

THE TRIAL BALANCE

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,

CLASSIFICATION OF ACCOUNTS

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.

Definition and uses of the Petty Cash Book

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

Three Column Cash Book Reasons for Granting Discounts

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

THE CASH BOOK Contra Entries

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 KG , Nursery , Primary and Secondary Schools

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

First Term Examination Accounting SS 1

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

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