Mr. Nicholas Osime

Book – keeping is the systematic recording of daily transactions (cash and credit) in the appropriate book. It is the art of keeping proper accounting records of business transactions. IMPORTANCE OF BOOK – KEEPING A bookkeeper is a person charged…

Meaning of chemicals – Chemicals are distinct compounds or substances which are prepared or purified artificially using different chemical reactions. E.g., baking soda, flavours of juice, medicine, food etc. GRADES OF CHEMICALS Need for monitoring and control of chemicals. The…

Who is a consumer?  A consumer is defined as an individual who buys goods for his personal use. He/she buys goods and services and uses them to his satisfaction. Meaning of Market A market is a place or situation where…

This is a business organisation which has been in corporation. It is an association of individuals who agreed to jointly put their resources together for the purpose of having a business distinct from their owners. It is a legal entity…

Public corporation is a business organization set up, financed and managed by government not necessarily to make profit but to provide essential services for the members of the public. FEATURES OF PUBLIC CORPORATION ADVANTAGES OF PUBLIC CORPORATION DISADVANTAGES OF PUBLIC…

SOLE PROPRIETORSHIP Sole trade is the oldest form of business organization. It is a form of business owned, engaged, and controlled by one person to make a profit. Another name for sole trade is sole proprietorship or one–man business. A…

Entrepreneurship is important. It benefits the locality by creating jobs for people and leads to a better standard of living. Entrepreneurship plays a crucial role in the economy and society as a whole. Here are some key reasons why entrepreneurship…

Entrepreneurship is a self-employed person who puts together all the factors of production to start a new venture. In other words, entrepreneur is a person who organises and manages a commercial undertakings or business undertaking.

There are four factors of production namely:

(1) Land : rent
(2) Labour: wages or salary
(3) Capital: Interest
(4) Entrepreneur: Profit

Production is the transformation/changing or conversion of raw materials into finished goods. It is the changing of natural resources or raw materials into finished goods, exchange and distributed in order to satisfy human wants. In other words, it is the…

The success of any secretarial personnel is strongly dependent on the effective application of some of the basic typing techniques. The techniques that must be mastered in typing for expedient and neat typing are: Alphabetic Sentence Drills Exercise: You are…

Manuscripts are handwritten scripts or document. Manuscripts may contain correction additions, alterations and abbreviations etc. Proof correction signs Symbol Text Sign Meaning Caps Change letter business studies Capital upper case letter used # lnsert Insert space ~   University Elias_transpose…

This is made up of cash column, bank column and discount column on both sides of the cash book. Three Column Cash Book Dr                                                                                                        Cr. Date     Particulars       F    Dis.allo       Cash     Bank    Particulars       F          Cash    Bank Example: Olowolayemo started…

This is a cash book that takes care of both cash and bank. It is called double column cash book because it has cash and book column on both debit and credit side. The cash column is used for recording…

Cash book is a book of accounting or ledger account used for recording cash receipt and payments of money. It is used to record all cash received and paid out by the organizations. The cash of a business constitutes cash…

A petty cash book is a cash book used for recording small or minor expenses of the business. Petty means small, the minor expenses may include postage stamp, carriage, telegram, stationary, telephone, envelopes etc. To establish the petty cash an…

LEDGER ENTRIEES Ledger is a principal book in which transaction are recorded in a summarize form. It is final destination of all transactions in the subsidiary book. Dr                                            Format of ledger                                                              Cr Date Particular Folio Amount Date Particular…

Corruption is everywhere, it is a universal problem and everybody wants to eradicate it. The concept of TAP came about because of this reason. T – Transparency. A – Accountability P – Probity T – Transparency means to be clear,…

Here are some shopping tips that can help you make the most of your shopping experience: 1. Make a shopping list: Before you head out or start browsing online, make a list of the items you need. This will help…

Consumerism – The actions of individuals and government responsible for consumer dissatisfaction in exchange relations. In other words, consumerism is a protest of consumers against unfair business practices and business injustices. Consumerism makes sure that businesses provide useful information and…