Financial Accounting

ACCOUNTING OF NON-PROFIT MAKING ORGANISATION

SECOND TERM SCHEME OF WORK FOR SS 2 FINANCIAL ACCOUNTING LESSON NOTE   SCHEME OF WORK WITH WEEKLY LESSON NOTES FOR SS 2 SECOND TERM FINANCIAL ACCOUNTING     SUBJECT : FINANCIAL ACCOUNTING   CLASS : SS 2   TOPIC : ACCOUNTING OF NON-PROFIT MAKING ORGANISATION   WEEK  : WEEK 7     PREVIOUS LESSON

SINGLE ENTRY / INCOMPLETE RECORDS 2

SECOND TERM SCHEME OF WORK FOR SS 2 FINANCIAL ACCOUNTING LESSON NOTE   SCHEME OF WORK WITH WEEKLY LESSON NOTES FOR SS 2 SECOND TERM FINANCIAL ACCOUNTING     SUBJECT : FINANCIAL ACCOUNTING   CLASS : SS 2   TOPIC : SINGLE ENTRY / INCOMPLETE RECORDS 2   WEEK  : WEEK 6     PREVIOUS

SINGLE ENTRY / INCOMPLETE RECORDS 1

SECOND TERM SCHEME OF WORK FOR SS 2 FINANCIAL ACCOUNTING LESSON NOTE   SCHEME OF WORK WITH WEEKLY LESSON NOTES FOR SS 2 SECOND TERM FINANCIAL ACCOUNTING     SUBJECT : FINANCIAL ACCOUNTING   CLASS : SS 2   TOPIC : SINGLE ENTRY / INCOMPLETE RECORDS 1   WEEK  : WEEK 5     PREVIOUS

ACCOUNTING RATIOS

SECOND TERM SCHEME OF WORK FOR SS 2 FINANCIAL ACCOUNTING LESSON NOTE   SCHEME OF WORK WITH WEEKLY LESSON NOTES FOR SS 2 SECOND TERM FINANCIAL ACCOUNTING     SUBJECT : FINANCIAL ACCOUNTING   CLASS : SS 2   TOPIC : ACCOUNTING RATIOS   WEEK  : WEEK 4     PREVIOUS LESSON : DISSOLUTION OF

DISSOLUTION OF PARTNERSHIP

SECOND TERM SCHEME OF WORK FOR SS 2 FINANCIAL ACCOUNTING LESSON NOTE   SCHEME OF WORK WITH WEEKLY LESSON NOTES FOR SS 2 SECOND TERM FINANCIAL ACCOUNTING     SUBJECT : FINANCIAL ACCOUNTING   CLASS : SS 2   TOPIC : DISSOLUTION OF PARTNERSHIP   WEEK  : WEEK 3     PREVIOUS LESSON : PARTNERSHIP ACCOUNT

PARTNERSHIP ACCOUNT

SECOND TERM SCHEME OF WORK FOR SS 2 FINANCIAL ACCOUNTING LESSON NOTE   SCHEME OF WORK WITH WEEKLY LESSON NOTES FOR SS 2 SECOND TERM FINANCIAL ACCOUNTING WEEK 1 : REVISION   SUBJECT : FINANCIAL ACCOUNTING   CLASS : SS 2   TOPIC : PARTNERSHIP ACCOUNTS   WEEK 2 : PARTNERSHIP ACCOUNTS     PREVIOUS

SS 2 FINANCIAL ACCOUNTING FIRST TERM E-LEARNING NOTE

FIRST TERM E-LEARNING NOTE   SUBJECT: FINANCIAL ACCOUNTING    CLASS: SS 2     FIRST TERM E-LEARNING NOTE                                                       SUBJECT: FINANCIAL ACCOUNTING                                                           CLASS: SS2   SCHEME OF WORK   WEEK           TOPIC  FINAL ACCOUNTS – SPECIAL TRANSACTIONS; BAD DEBTS, CLOSING ENTRIES  FINAL ACCOUNTS – PROVISION FOR DOUBTFUL DEBTS PROVISION FOR DISCOUNTS ACCRUALS AND PREPAYMENTS ACCRUALS AND

FINAL ACCOUNTS – FULLY WORKED EXERCISES

FIRST TERM E-LEARNING NOTE   SUBJECT: FINANCIAL ACCOUNTING    CLASS: SS 2       WEEK TEN FINAL ACCOUNTS – FULLY WORKED EXERCISES Illustration:                                             The following trial balance has been extracted from the ledgers of Mr. Johnson as at 31st December, 2003.                                                                                                    DR                           CR      ₦                                ₦ Purchases / Sales                                                                     142,448                       233,120 Returns                                                                                   

ACCOUNTING TREATMENT OF DEPRECIATION

FIRST TERM E-LEARNING NOTE   SUBJECT: FINANCIAL ACCOUNTING    CLASS: SS 2       WEEKNINE TOPIC: DEPRECIATION OF FIXED ASSETS   ACCOUNTING TREATMENT OF DEPRECIATION There are two ways of treating depreciation in the ledgers. These are the Old Method and the Modern Method. However, the Modern Method which is preferred by accountants will