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Financial Accounting Notes

JOINT VENTURE ACCOUNT

Meaning of Joint Ventures It is a form of business involving two or more persons, firms joining together with the […]

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Financial Accounting Notes

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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Financial Accounting Notes

HIRE PURCHASE ACCOUNT

INTRODUCTION Hire purchase is a method of extending credit to a buyer. Particularly for some capital goods. Purchase can be […]

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Financial Accounting Notes

Capital Market and Stock Exchange

DEFINITION This is also called stock exchange market. It is a highly organised market where investors can buy and sell […]

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Financial Accounting Notes

PREPARATION OF COMPANY INCOME STATEMENT

CONTENTS Profit and loss appropriation account and its uses Treatment of goodwill and preliminary expenses Amount transferred to reserve for […]

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Financial Accounting Notes

SS3 1st Term Financial Accounting scheme of work

FIRST TERM SCHEME OF WORK FOR SS3 FINANCIAL ACCOUNTING WEEKS TOPICS 1 REVISION 2 Preparation of company income statement 3 […]