SS 2 Book keeping (1st, 2nd & 3rd Term)

Methods of stock valuation are devices which aim to deal with some of the problems. W shall consider some of those commonly adopted. (I)      FIRST-IN-FIRST OUT (FIFO) METHOD. This method… Read More »STOCK VALUATION

The three-column cash book is a specialized version of the traditional cash book used in accounting. It contains three separate columns for recording cash transactions: the cash column, the bank… Read More »THE THREE – COLUMN CASH BOOK

There are two main classes of ledger accounts. These are Personal Accounts Impersonal Account. Impersonal Accounts are sub-divided into two, namely real account and nominal account. (1)     Personal Accounts: These… Read More »CLASSIFICATION OF LEDGER ACCOUNTS

THE LEDGER This is the principal book in which accounts are kept. These accounts are usually referred to as ledger accounts. They are so called because each occupies a specific… Read More »CLASSES OF LEDGER

BOOK-KEEPING CLASS: SS 2 Revision of 1st Term work Classes of ledger State classes of ledger Identification of the column of a ledger Classes of ledger Posting of transaction into… Read More »BOOK-KEEPING 2ND TERM SCHEME OF WORK

Methods of stocks valuation are devices which aim to deal with some of the problems. W shall consider some of those commonly adopted. (I)      FIRST-IN-FIRST OUT (FIFO) METHOD This method… Read More »STOCK VALUATION

This is similar to the two column cash book except that the discount column is added to both the debit side and the credit side. The debit side, it will… Read More »THE THREE – COLUMN CASH BOOK

There are two main classes of ledger accounts. These are Personal Accounts Impersonal Account. Impersonal Accounts are sub-divided into two, namely real account and nominal account. (1)     Personal Accounts: These… Read More »CLASSIFICATION OF LEDGER ACCOUNTS

THE LEDGER This is the principal book in which accounts are kept. These accounts are usually referred to as ledger accounts. They are so called because each occupies a specific… Read More »CLASSES OF LEDGER