BOOK KEEPING O LEVEL(FORM THREE) NOTES – ACCOUNT OF NON –TRADING ORGANIZATION
ACCOUNT OF NON –TRADING ORGANIZATIONNON –TRADING ORGANIZATIONNon trading organizations are those organizations which their main purpose is not to make profit but to provide services
BOOK KEEPING O LEVEL(FORM TWO) NOTES – BANK RECONCILIATION STATEMENT
BANK RECONCILIATION STATEMENTWhen the money is deposited by us into bank, we debit the cash book in the bank column, on the other hand, on
BOOK KEEPING O LEVEL(FORM FOUR) NOTES – JOINT VENTURE
JOINT VENTUREIs a temporary partnership, it is formed when two or more people undertaken a certain business acting together instead of doing it separately, e.g.
BOOK KEEPING O LEVEL(FORM ONE) NOTES – INTRODUCTION OF BOOK KEEPING
INTRODUCTION OF BOOK KEEPINGBook keeping: can be defined as the art of recording financial business transaction in the set of books in terms of money
BOOK KEEPING O LEVEL(FORM TWO) NOTES – BOOK OF PRIME ENTRY(2)
POSTING THE SALES JOURNAL TO THE LEDGERWhen the sales day book is posted to the ledger each customer is debited with the goods which has
BOOK KEEPING O LEVEL(FORM FOUR) NOTES – BILL OF EXCHANGE
BILL OF EXCHANGEBill of exchange is legally defined as unconditional order in writing addressed by one person to another signed by a people to whom
BOOK KEEPING O LEVEL(FORM FOUR) NOTES – CONSIGNMENT ACCOUNT
CONSIGNMENT ACCOUNTNATURE OF CONSIGNMENT. When a trader sold directly to the customer which they are in home countries or overseas, these are ordinary sales.However a
BOOK KEEPING O LEVEL(FORM TWO) NOTES – THE PETTY CASH BOOK
THE PETTY CASH BOOKDefinitionIs the cash book which used to record small expenses/expenditure which take place from time to time within the business.ORIs the book