Tags BOOK KEEPING

Tag: BOOK KEEPING

FORM FOUR BOOK KEEPING STUDY NOTES TOPIC 4-6.

TOPIC 4: PARTNERSHIPS  The Basic Characteristics of a Partnership Describe the basic characteristics of a partnership Definition: The proprietorship form of ownership suffers from certain limitations such as limited resources,...

FORM FOUR BOOK KEEPING STUDY NOTES TOPIC 1-3.

TOPIC 1: BILLS OF EXCHANGE Meaning of a Bill of Exchange Define a bill of exchange Bill of exchange is written order letter in which there is...

FORM THREE BOOK KEEPING STUDY NOTES TOPIC 11-13

TOPIC 11: INCOMPLETE RECORDS Statements Showing Profit or Loss From Incomplete Records Draw up statements to show profit or loss from incomplete records Some times, businesses, especially...

FORM THREE BOOK KEEPING STUDY NOTES TOPIC 7-10

TOPIC 7: FINANCIAL STATEMENTS General Purpose Financial Statements Describe general purpose financial statements Financial Statements Definition: Financial statements are a collection of reports about an organization's financial results,...

FORM THREE BOOK KEEPING STUDY NOTES TOPIC 4-6.

TOPIC 4: Capital Expenditure And Revenue Expenditure Meaning of Capital Expenditure and Revenue Expenditure Give the meaning of capital expenditure and revenue expenditure Capital Expenditure Payments made in...

FORM THREE BOOK KEEPING STUDY NOTES TOPIC 1-3.

TOPIC 1: GENERAL JOURNAL  The Purpose of General Journal Explain the purpose of the General journal You are an accounting student; you do not need to...

FORM TWO BOOK KEEPING STUDY NOTES TOPIC 4-5.

TOPIC 4: Government Accounting Terminology Meaning of the term Accounting Define the term accounting Accounting is the systematic and comprehensive recording of financial transactions pertaining to...

FORM TWO BOOK KEEPING STUDY NOTES TOPIC 1-3.

TOPIC 1: BOOKS OF PRIME ENTRY  The Meaning of Books of Original Entry or Subsidiary Books Give the meaning of books of original entry or subsidiary...

FORM ONE STUDY NOTES BOOK KEEPING TOPIC 5-7.

TOPIC 5: STOCK Difference between Stock at Start and Stock at Close Distinguish between stock at start and stock at close Stock is the value of the...

FORM ONE STUDY NOTES BOOK KEEPING TOPIC 1-4

TOPIC 1: SUBJECT MATTER OF BOOK KEEPING The Meaning of Book Keeping Define book keeping Book-keeping is an art of recording financial business transaction in a...

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