CONTENTS : Opening Journal entries Recording of subsequent financial transactions When a business begins the capital will consist of cash, […]
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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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Balance sheet
CONTENTS Meaning of the Balance Sheet Layout of the Balance Sheet Definition of terms/contents of the Balance Sheet The Balance […]
CONTENTS Contents of the Final Accounts of a Sole Trader The Trading Account – Contents and Preparation The Profit and […]
CONTENTS STAGES OF BANK RECONCILIATION WORKING EXERCISES ADVANTAGES/PURPOSE OF BANK RECONCILIATION When the entries on a bank statement are compared […]
CONTENTS Definition of terms: Cash Book Bank Statement Bank Reconciliation Statement Uses of a Bank Statement Items causing discrepancy(disagreement) between […]
CONTENT• Suspense Accounts• Correction of Errors Errors made in the recording of the day-to-day transactions can be divided into those […]
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The Trial Balance
CONTENT• Definition of the Trial Balance• Uses of the Trial Balance• Preparation of the Trial Balance• The Trial Balance and […]
CONTENT Classification of Accounts Division of the Ledger The Trial Balance An account is a ledger record, in a summarized […]