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
Question Suppliers’s personal accounts are found in the ledger Answer Purchases ledger Question When there is a difference in the trial balance and it cannot be resolved before the preparation of the final accounts it is taken to………… Answer Suspense acct Question All the following are assets except Answer Accrued Expenses Question ………… Is a
Question Profit is maximised when ——- Answer MR = MC Question The amount the firm receives for a typical unit is known as the ——- Answer average revenue Question There are —– basic types of market structures by traditional economic analysis Answer 4 Question The revealed preference theory makes —– assumptions Answer 2 Question The
Subject: Business Studies (Accounting) Class: SS1 Term: First Term Weeks: Introduction to Bookkeeping and Accounting Topics: Importance and History of Accounting in Nigeria Users of Accounting Information and Purpose for Which They Are Needed Advantages and Limitations of Accounting Career Opportunities in Bookkeeping and Accounting Accounting Professional Bodies Accounting Professional Ethics Accounting Concepts and Convention
