Public sector accounting, also referred to as government accounting, refers to all the financial documents and records of public institutions […]
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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Branch Accounting
DEPARTMENT ACCOUNT
The most important objective of accounting is the segregation and recording of transactions of buying selling, production, distribution and administration […]
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 […]
JOINT VENTURE ACCOUNT
Meaning of Joint Ventures It is a form of business involving two or more persons, firms joining together with the […]
CONSIGNMENT ACCOUNT
MEANING Consignment of goods: This is concerned with the sending of goods by the consignor to the consignee who agrees […]
HIRE PURCHASE ACCOUNT
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 […]