Category Business Studies Lesson Notes For JSS1 – JSS3

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…

International paper sizes Paper sizes are produced and prepared base on folding and getting half of such a paper to arrive at other sizes. The largest + size of the international paper is AO half of it is A1 –…

To speed up your development in shorthand, here are some tips that can help you improve your skills and increase your overall speed. 1. Master the Basics: Ensure you have a solid understanding of the shorthand system you’re using. Familiarize…

Trading account is prepared to determine the profit or gross loss in a particular business period. The gross profit or loss is the different between sales and cost of goods sold. Business prepares trading, profit and loss account to ascertain…

FINANCE: means decisions on how money is spent or invested i.e. it is the study of how money is managed, invested or spent on any project. Personal finance – is the process of controlling your money and making decisions to…

MARKET This is a place where buyer and seller meet together to transact business. Has a place where there is transfer of ownership of goods and services. Examples :   Idumota market, Katangowa market etc Market can also take place through…

The duties of a receptionist can be divided into two namely:   HOW TO RECEIVE AND TREAT VISITORS The kind of approach given to visitors will determine whether the visitors are warmly received or not. These are cogent things a…

The reception office is the first contact office which is well furnished can decorated to create good and lasting impression in the mind of visitor. It is an office where visitors or callers are welcomed and attended to. The office…

TRIAL BALANCE Click on the link to open this lesson note TRIAL BALANCE   See also BOOK KEEPING CONSUMER COMMUNICATION TRANSPORTATION ADVERTISING

DOUBLE ENTRY BOOK KEEPING Click on the link to open this lesson note DOUBLE ENTRY BOOK KEEPING   See also CONSUMER COMMUNICATION TRANSPORTATION ADVERTISING DIRECT AND INDIRECT SERVICES

CONSUMER PROTECTION A Consumer – is an individual who makes final use of goods and services Protection – is covering Consumer protection – is defined as various ways and methods adopted by the government and private organisation to ensure that…

Communication may be defined as a means of sending and receiving information from one person to another or from one place to another. It connects buyers and seller together and also aid trade in commerce. Role of communication Types of…

Transportation is a means by which raw materials, finished goods and people are moved from one place to another. IMPORTANCE OF TRASPORTATION IN COMMERCE TYPES OF TRANSPORTATION Advantages of Road transport Disadvantages of Road transport Advantages of Rail Transport Advantages…

Advertising may be defined as business term or means or bringing the existence of new and old products in the market to the knowledge of the consumers. It is the process by which members of the public are informed about…

Direct Services Direct services are simply those services that are rendered to directly on person- to-person basis and the payment for them is made by us directly to the service providers. Examples of direct service occupations are barbing, services of…