BOOK KEEPING FORM FOUR – DEPARTMENT ACCOUNT
For The enterprise which has branches about four, five and so on, we need to know the Profit obtained in each branch or department. This will...
Category: Book Keeping Study Notes
BOOK KEEPING FORM FOUR – JOINT VENTURE
Is a temporary partnership, it is formed when two or more people undertaken a certain business acting together instead of doing it separately, e.g. Road constructing Each...
BOOK KEEPING FORM FOUR – BILL OF EXCHANGE
Bill of exchange is legally defined as unconditional order in writing addressed by one person to another signed by a people to whom is addressed to Pay...
Form 3 Book Keeping – SINGLE ENTRY/ INCOMPLETE RECORD
Definition Is the system where by a transaction is recorded in only one account or book. Single entry may be due to incomplete records or same of...
BOOK KEEPING FORM TWO – TWO COLUMN CASH BOOK
As the business grow up, the business/firm seems there are necessities of having sometimes to keep their money safe therefore, they usually open the account at bank....
BOOK KEEPING FORM ONE – DOUBLE ENTRY SYSTEM
Meaning: Is the book keeping principle of recording transactions twice in a book of account whereby the principle states that every debit entry must have corresponding credit...
BOOK KEEPING FORM FOUR – ELEMENTS OF AUDITING
AUDIT AND INVESTIGATION Definition AUDIT – Is the formal examination, correction, and official endorsing of financial account, especially those of a business undertaken annually by an accountant...
Form 3 Book Keeping – PROVISIONS
BAD DEBTS AND PROVISION FOR BAD DEBTS / PROVISION FOR DOUBTFUL DEBTS If a firm finds it is impossible to collect a debt that should be written...
Form 3 Book Keeping – CONTROL ACCOUNT
Due to their small number of business transactions small firms can operate effectively with one ledger. Large business firms have a large number of transactions and...
BOOK KEEPING FORM TWO – BOOK OF PRIME ENTRY-2
Solution.QN2 PURCHASES DAY BOOK/ PURCHASES JOURNAL ...