Lesson Notes, Audio Lessons, Exam Questions
Lesson Notes, Audio Lessons, Exam Questions
SS 1 Book Keeping Notes provide students with detailed, curriculum-aligned resources to understand fundamental bookkeeping principles.
These notes are structured according to the WAEC and NECO syllabuses and are perfect for both classroom learning and personal study.
Topics include the meaning and importance of bookkeeping, source documents, types of accounts, and preparation of ledgers.
Each topic is simplified to help students build a solid foundation in financial recordkeeping and basic accounting procedures.
Use these notes to deepen your understanding, improve exam performance, and get ready for higher-level bookkeeping concepts in SS 2 and SS 3.
See our SS 1 Book Keeping Notes covering WAEC and NECO syllabus. Learn source documents, ledger entries, and more. Clear, easy-to-understand topics.
INTRODUCTION: This is the book for recording receipts and payments of money in cash or cheque. NOTE: No credit transaction should be recorded in the cash book. CASH ACCOUNT: This is the account which is used for recording money received…
Definition: Double entry book keeping is the system of keeping account, which take advantages of the two-fold aspect of every transaction, whereby one account that receives is debited and another account, which gives, is credited. The following simple rules of…
Contra is a latin word which shows that cash has been withdrawn from the office and deposited in the bank or withdrawals of cash from bank for office use. It is an entry involving the payment of cash into the…
Meaning: The two column Cash book so-called because for both debit and credit entries, it has two columns, one for recording cash transactions and the other for bank transactions. It is therefore used for recording mixed cash and bank transaction.…
INTRODUCTION: This is the book for recording receipts and payments of money in cash or cheque. NOTE: No credit transaction should be recorded in the cash book. CASH ACCOUNT This is the account which is used for recording money…