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Category: Financial Accounting
Free Financial Accounting online learning lesson notes and videos for Secondary school and High school students. The lesson notes, videos and interactive slideshows are built on curriculum that is designed to meet national and international O’ Level standard for Senior High School or Senior Secondary school students (SS1, SS2, SS3 or SHS1, SH2, SH3) and Grade 9, Grade 10, Grade 11 and Grade 12 students.
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The most important objective of accounting is the segregation and recording of transactions of buying selling, production, distribution and administration […]
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Contract Account
The contract account is a system of cost accounting used by contractors engaged in construction and building works, where it […]
FINANCIAL ACCOUNTING SECOND –TERM S.S 3 SCHEME OF WORK WEEKS 1. Contract Accounts – Meaning, terminologies – National profit, retention […]
Meaning of Joint Ventures It is a form of business involving two or more persons, firms joining together with the […]
MEANING Consignment of goods: This is concerned with the sending of goods by the consignor to the consignee who agrees […]
INTRODUCTION Hire purchase is a method of extending credit to a buyer. Particularly for some capital goods. Purchase can be […]
DEFINITION This is also called stock exchange market. It is a highly organised market where investors can buy and sell […]
CONTENTS Profit and loss appropriation account and its uses Treatment of goodwill and preliminary expenses Amount transferred to reserve for […]