CONTENT Definition of Capital and Revenue Expenditure Distinct between Capital and revenue expenditure Effects of Overstatement and Understatement of Capital […]
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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Manufacturing Accounts
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Departmental Accounts
CONTENT Meaning of Departmental Accounts Expenses and Apportionment Final Accounts MEANING OF DEPARTMENTAL ACCOUNTS Usually in a large organizations, the […]
SECOND TERM E-LEARNING NOTE SUBJECT: FINANCIAL ACCOUNTING CLASS: SS 2 SCHEME OF WORK WEEK TOPIC 1 – 2 […]
CONTENT Causes of Depreciation Reasons for charging depreciation Factors to be considered in the computation of depreciation Methods of providing […]
ACCRUALS The accrual concept states that revenue and expenditure of a period should be matched together – whether or not […]
If a trader usually allows and receives cash discounts the debtors and creditors balances in the Balance Sheet at the […]
PROVISION FOR DOUBTFUL DEBTS Although a debt may not actually have become bad, there may be doubt as to whether […]
CONTENT SPECIAL ITEMS OF EXPENSES/LOSSES BAD DEBTS RECOVERED CLOSING ENTRIES ADJUSTMENTS IN THE FINAL ACCOUNT SPECIAL ITEMS OF EXPENSES /LOSSES […]
FIRST TERM E-LEARNING NOTE SUBJECT: FINANCIAL ACCOUNTING CLASS: SS2 SCHEME OF WORK WEEK TOPIC Final Accounts – Special transactions; Bad […]