Meaning of Joint Ventures It is a form of business involving two or more persons, firms joining together with the […]
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Tag: Grade 10 Financial Accounting
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CONSIGNMENT ACCOUNT
MEANING Consignment of goods: This is concerned with the sending of goods by the consignor to the consignee who agrees […]
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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 […]
FIRST TERM SCHEME OF WORK FOR SS3 FINANCIAL ACCOUNTING WEEKS TOPICS 1 REVISION 2 Preparation of company income statement 3 […]
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Consignment Account
CONTENT Definition Accounting Entries Practical illustration Note Consignment of good means the sending of goods by a supplier to […]
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JOINT VENTURE ACCOUNTS
CONTENT Definition of Joint Venture. Accounting entries required for joint ventures. Practical illustration of joint ventures. Definition Joint venture is […]
WHAT ARE NON-PROFIT MAKING ORGANIZATIONS? Non-profit-making organizations exist to provide services for their members. Example are. Sports and social clubs, […]
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Control Account
Control accounts is the extraction of trial balance from individual ledger account of a large organization. Generally speaking, large organizations […]