Categories
Financial Accounting Notes

Source Documents

CONTENT Definition of Subsidiary Books Uses of the Subsidiary Books Preparation of the Subsidiary Books Transfer of the Totals of […]

Categories
Financial Accounting Notes

Source Documents

CONTENT Definition of Source Documents Examples of Source Documents Features and Uses of Source Documents NOTES Source documents are the […]

Categories
Financial Accounting Notes

Balancing of Ledger Accounts

CONTENT Balancing Ledger Accounts The Divisions of the Ledger Extraction of the Trial Balance NOTES At the end of the […]

Categories
Financial Accounting Notes

Double entry Book keeping

CONTENT Double Entry Principle Posting of Transactions to Ledger Accounts Combination of Cash Account and Bank Account Double Entry Records […]

Categories
Financial Accounting Notes

Books of Accounts

CONTENT The Ledger The Journal Books of accounts are the books that are used in recording financial transactions in accounting. […]

Categories
Financial Accounting Notes

Transactions – Meaning And Classification

CONTENT Meaning of Transaction Classification of Transactions Transaction Transaction involves the transfer of goods, services, money or money’s worth (e.g. […]

Categories
Financial Accounting Notes

Book – Keeping And Accounting

CONTENT• Definition of Book-Keeping and Accounting• Differences between Book-Keeping and Accounting• Users of Accounting Information/Financial Statements• Importance/Benefits of Book-keeping and […]