Lesson Notes, Audio Lessons, Exam Questions
Lesson Notes, Audio Lessons, Exam Questions
Our Business Studies lesson notes for JSS1 to JSS3 cover key concepts, topics, and examples to help students understand and excel in the subject.
Whether you’re preparing for exams or just need extra study materials, these notes are a valuable resource.
Check our wide range of Business Studies lesson notes for JSS1 to JSS3. Perfect for students preparing for exams with easy-to-understand content.
Meaning of Entrepreneurship: Entrepreneurship, as we have earlier noted, comes from the French verb ‘entrepreneur’ which means ‘to undertake. Entrepreneurship is the act or art of organization or owning a business by taking financial risks with a view to making…
Entrepreneurship comes from the French verb ‘entrepreneur’, which means to ‘undertake’, Entrepreneurship is the act or art of organization or owning a business by taking financial risks to make a profit. FACILITIES AVAILABLE FOR SELF-EMPLOYMENT If you want to be…
Ethics are the values, principles/ rule and behavior by which people in the society, or group of people is a profession or association live. It is a set of rules that makes people to be aware of right and wrong.…
Meaning of Truthfulness Truthfulness is a quality that is exhibited by a person who tells the truth all the time even if it will put him or her in trouble. A truthful person is an honest person. Attributes of Truthfulness…
Definitions of Occupation An occupation is what a person does in order to earn a living. Examples are teaching, law, trading, medicine, etc Division or Types of Occupation There are five main divisions or types of occupation which are Types…
For the activities of production to take place, factors must be available. These are the things that make the production of goods and services possible; hence they are called factors or agents of production. They are; These factors supply the…
What is department? A department is a unit or section established within an organisation to carry out the functions of that organisation. Departments in an organisation The following are the various departments that can be found in an organisation. They…
The Office Staff/Clerical Officer An officer staff or a clerical officer is an employee or a worker of an organisation who perform clerical and administrative duties in an office. A clerk who keeps records concerning the financial transactions of the…
Definition of an office. An office is a place or a room set aside in an organization for performing clerical and administrative duties. It is the centre of all clerical activities in an organization or establishment. Clerical and administrative duties…
The word attitude can be describe as the feeling and thought an individual has towards someone or something. Every organisation or even family has a code of conduct or practice. E.g. your school. If the employees in an organisation follow…
What is business? Business can be defined as any service rendered to satisfy human needs or desires which is aimed at making profit in order to earn a living, although there may be loss. Objections of Business Studies The following…
Meaning of a Table A table is a structure made up of rows and columns and used to organize data. Tables are very good for presenting figures and statistics. Tabulation involves arranging items in columns. In a tabular arrangement therefore,…
Content: There are various means of settling a bill in business transactions. They include: WAGES AND SALARIES OFFICE: The wages and salaries office is a section in an accounts department which is responsible for preparation and payment of wages or…
Definition of Balance Sheet Balance sheet can be defined as a statement showing the assets and liabilities of a business as at a given date. A balance sheet is not an account and so it does not have debit or…
In typewriting work, errors and mistakes must be corrected. To produce accurate documents all errors must be neatly corrected. When errors are found in a typed work, the following materials can be used to erase the error: Typing Eraser If…
A business letter is also known as an official or formal letter. Some of the distinguishing features of a formal letter are: Layout This is the style of display of a letter. There are two styles which we will consider…
Purpose of Memorandum A memorandum or memo is an internal communication within an organization. Such written communication between the personnel and accounts departments or between the marketing and accounts departments are examples of memo. A memorandum is also shortened as…
Profit & Loss Account: This is an account prepared after the preparation of the Trading Account. It is debited with all operational expenses and credited with the gross profit and all other revenue accruing to a business. Purpose of Preparing…
Meaning of a Trial Ba;ance A trial balance is a list of debit and credit balances extracted from the ledger. The trial balance shows the arithmetical accuracy of ledger entries. Double entry book keeping requires that the totals of the…
A source document is the original record of transaction.it states the basic facts of the transaction such as its date, purpose (description of transaction), quantity of the goods exchanged, amount of money involved, name of the seller and buyer and…