Examination malpractices may lead to a repeat of the subject or suspensions don’t be involved. SUBJECT: BOOK KEEPING TIME ALLOWED: 3HRS CLASS: S.S 3 OBJECTIVES The double entry system of bookkeeping was introduced by. Adam Smith B.A.R. Jennings. C. Frank Wood. D. Lucca Pacioli. An item on the debit side of a petty cash
Examination malpractices may lead to a repeat of the subject or suspensions don’t be involved. SUBJECT: FINANCIAL ACCOUNTING TIME: 3HRS CLASS: SS 3 OBJECTIVE Which of the following is the effect of a reduction in provision for doubtful debt? reduction in net profit b. reduction in cash balance c. reduction in gross profit d.
FIRST TERM Examination malpractices may lead to a repeat of the subject or suspensions don’t be involved. SUBJECT BOOK KEEPING CLASS: S. S. S 2 DURATION 3 HRS OBJECTIVE The concept which states that great care should be exercised in recognition of profit while all anticipated losses are adequately
FIRST TERM Examination malpractices may lead to a repeat of the subject or suspensions don’t be involved. SUBJECT: FINANCIAL ACCOUNTING CLASS: SSS 1 TIME APPROVED: 3HRS OBJECTIVE A subsidiary book is a …. a. book of account b. summary of entries c. books of original entry double entry posting A trade discount
THIRD TERM Examination malpractices may lead to a repeat of the subject or suspensions don’t be involved. SUBJECT FINANCIAL ACCOUNTING CLASS: S. S. S 2 DURATION 3 HRS OBJECTIVE 1. A reserve is an amount a. set aside from profit for an unknown liability b. of loss from trading activities c. of profit from trading
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
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
