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Book keeping Notes

Receipts And Payments, Income and Expenditure Account

Receipts and payments account: This is a statement of cash actually received and paid during a given period , Receipts […]

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Book keeping Notes

Trading Profit and Loss Accounts

TRADING ACCOUNT: This is the account constructed  for the purpose of finding the gross profit or loss of a business […]

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Book keeping Notes

SS2 3rd Term Book keeping scheme of work

                                                                 SS 2 THIRD TERM                                                  BOOK –KEEPING SCHEME OF WORK WEEK 1.                                                                      Revision 2-4                                             Trading profit and loss account […]

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Book keeping Notes

Stock Valuation

Methods of stocks valuation are devices which aim to deal with some of the problems. W shall consider some of […]

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Book keeping Notes

The Three – Column Cash Book

This is similar to the two column cash book except that the discount column is added to both the debit […]

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Book keeping Notes

Classification of ledger accounts.

There are two main classes of ledger accounts. These are i.        Personal Accounts ii.       Impersonal Account. Impersonal Accounts are sub-divided […]

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Book keeping Notes

Classes Of Ledger

THE LEDGER This is the principal book in which accounts are kept. These accounts are usually referred to as ledger […]

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Book keeping Notes

SS2 1st Term Book keeping scheme of work

FIRST TERM SCHEME OF WORKS SUBJECT: BOOK-KEEPING CLASS: SS 2 1.       Revision of 1st Term work 2.       Classes of ledger […]