{"id":2286,"date":"2023-10-02T11:57:32","date_gmt":"2023-10-02T11:57:32","guid":{"rendered":"http:\/\/localhost\/ecole9ja\/?p=2286"},"modified":"2023-10-02T11:59:20","modified_gmt":"2023-10-02T11:59:20","slug":"week-1-ss1-second-term-book-keeping-notes","status":"publish","type":"post","link":"https:\/\/ecolebooks.com\/nigeria\/posts\/week-1-ss1-second-term-book-keeping-notes\/","title":{"rendered":"Week 1 &#8211; SS1 Second Term Book Keeping Notes"},"content":{"rendered":"<p><strong>SIGMA TERM<br \/>\n<\/strong><strong>SCHEME OF WORKS<br \/>\n<\/strong><strong>SUBJECT: BOOK-KEEPING\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CLASS: SS 1<br \/>\n<\/strong><strong> TOPIC<br \/>\n<\/strong><strong>1.\u00a0\u00a0\u00a0\u00a0<\/strong>Revision.<br \/>\n<strong>2.\u00a0\u00a0\u00a0\u00a0<\/strong>Cash book<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Measuring of single column cash book.<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Items of single column cash book<br \/>\n<strong>3.\u00a0\u00a0\u00a0\u00a0<\/strong>Single column cash book<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Preparation of single column cash book.<br \/>\n<strong>4.\u00a0\u00a0\u00a0\u00a0<\/strong>Preparation of single column cash-book (continues)<br \/>\n<strong>5.\u00a0\u00a0\u00a0\u00a0<\/strong>Double column cash book<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Meaning of double column cash book.<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Items in double column cash book<br \/>\n<strong>6.\u00a0\u00a0\u00a0\u00a0<\/strong>Double column cash book<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Difference between single column cash book.<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Preparation of double column cash book.<br \/>\n<strong>7.\u00a0\u00a0\u00a0\u00a0<\/strong>Double column cash book.<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Preparation of double column cash book.<br \/>\n<strong>8.\u00a0\u00a0\u00a0\u00a0<\/strong>Contra Entry.<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Explain contra entry<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Identify contra entry<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Recording contra entry<br \/>\n<strong>9.<\/strong>\u00a0\u00a0\u00a0\u00a0Principle of Double entry.<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Meaning of Double entry<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Identify the account to be credited and debited.<br \/>\n<strong>10.\u00a0\u00a0\u00a0\u00a0<\/strong>Principle of Double entry.<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Posting of transaction from cash book to ledger.<br \/>\n\u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Rule of double entry.<br \/>\n<strong>11.<\/strong>\u00a0\u00a0\u00a0\u00a0Revision.<br \/>\n<strong>12.\u00a0\u00a0\u00a0\u00a0<\/strong>Examination<br \/>\n<strong>WEEK ONE<br \/>\n<\/strong>1.0.\u00a0\u00a0\u00a0\u00a0<strong>Topic: Single Column cash book<br \/>\n<\/strong><br \/>\n\u00a0<strong>INTRODUCTION<\/strong>: This is the book for recording receipts and payments of money in cash or cheque.<br \/>\n<strong>NOTE:<\/strong> No credit transaction should be recorded in the cash book.<\/p>\n<p>\u00a0<strong>CASH ACCOUNT:<\/strong> This is the account which is used for recording money received and paid with cash. The balance is referred to as CASH IN HAND. All cash received must be debited while cash paid will be credited to the cash account.<br \/>\n<strong>Illustration 1:<br \/>\n<\/strong>Enter the following transactions in the cash account of Olaide<br \/>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   N<br \/>\nJuly 1 Cash in hand\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,500<br \/>\nJuly 3 Cash to Okola\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   250<br \/>\nJuly 5\u00a0\u00a0\u00a0\u00a0 Cash Sales\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   500<br \/>\nJuly 6 Cash purchases\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   700<br \/>\nJuly 7 Bought Stationery\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0     50<br \/>\nJuly 9 Paid Insurance\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0     30<br \/>\nJuly 10 Paid wages\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0     25<br \/>\nJuly 12 cash sales\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   155<br \/>\n<strong>SOLUTION<br \/>\n<\/strong><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_1157_Week1SS1Se1.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_1157_Week1SS1Se2.png\" alt=\"\"\/><strong>DR\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CASH ACCOUNT\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CR<br \/>\n<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0    N\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0    N<br \/>\nJuly 1 bal. b\/f\u00a0\u00a0\u00a0\u00a01,500 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0July 3 Okola\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   250<br \/>\nJuly 5 sales\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   500\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0July 6 Purchaser\u00a0\u00a0\u00a0\u00a0   750<br \/>\nJuly 12 sales\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   115\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0July 7 Stationery\u00a0\u00a0\u00a0\u00a0     50<br \/>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0July 9 Insurance\u00a0\u00a0\u00a0\u00a0     30<br \/>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0July 10 wages\u00a0\u00a0\u00a0\u00a0     25<br \/>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Bal. c\/d\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01,010<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_1157_Week1SS1Se3.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_1157_Week1SS1Se4.png\" alt=\"\"\/><br \/>\n\t\t\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong>2,115\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,115<br \/>\n<\/strong><strong>BANK ACCOUNT:<\/strong> The bank account is a record of money deposited into the bank and money withdrawn from the bank. All cheques received must be debited while cheques issued out must be credited.<br \/>\n<strong>Illustration 2:<\/strong><br \/>\n\t\tEnter the following transactions in the bank account of Ogundele.<br \/>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   N<br \/>\nJune 1 Cash in hand\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a02,500<br \/>\nJune 3 Paid to Okocha by cheque\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   650<br \/>\nJune 5 Sold goods and received cheque\u00a0\u00a0\u00a0\u00a0   450<br \/>\nJune 6 Received Cheque from Agali\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   230<br \/>\nJune 7 Sent Cheque to Komolafe<br \/>\nJune 9 Bought goods with cheque\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   300<\/p>\n<p>\u00a0<strong>SOLUTION<br \/>\n<\/strong><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_1157_Week1SS1Se5.png\" alt=\"\"\/><img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_1157_Week1SS1Se6.png\" alt=\"\"\/><strong>DR\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0BANK ACCOUNT\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   CR<br \/>\n<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0    N\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0    N<br \/>\nJune 1 bal. b\/f\u00a0\u00a0\u00a0\u00a02,500 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0July 3 Okocha\u00a0\u00a0\u00a0\u00a0   650<br \/>\nJune 5 sales\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   450\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0July 6 Purchaser\u00a0\u00a0\u00a0\u00a0   750<br \/>\nJune 6 sales\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0   230\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0July 7 Stationery\u00a0\u00a0\u00a0\u00a0     50<br \/>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0July 9 Insurance\u00a0\u00a0\u00a0\u00a0     30<br \/>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0July 10 wages\u00a0\u00a0\u00a0\u00a0     25<\/p>\n<p>\u00a0Bal. b\/d 1,910\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Bal. c\/d\u00a0\u00a0\u00a0\u00a01,010<br \/>\n<img decoding=\"async\" align=\"left\" src=\"https:\/\/ecolebooks.com\/nigeria\/wp-content\/uploads\/9jalessonsimages\/100223_1157_Week1SS1Se7.png\" alt=\"\"\/><br \/>\n\t\t\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong>3,180\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03,180<br \/>\n<\/strong><br \/>\n\u00a0<br \/>\n\u00a0<br \/>\n\u00a0<br \/>\n\u00a0<strong><br \/>\n\t\t\t<\/strong>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SIGMA TERM SCHEME OF WORKS SUBJECT: BOOK-KEEPING\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CLASS: SS 1 TOPIC 1.\u00a0\u00a0\u00a0\u00a0Revision. 2.\u00a0\u00a0\u00a0\u00a0Cash book \u00a0\u00a0\u00a0\u00a0&#8211;\u00a0\u00a0\u00a0\u00a0Measuring of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,195],"tags":[],"class_list":["post-2286","post","type-post","status-publish","format-standard","hentry","category-posts","category-second-term-ss1-book-keeping"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/2286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/comments?post=2286"}],"version-history":[{"count":1,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/2286\/revisions"}],"predecessor-version":[{"id":2287,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/2286\/revisions\/2287"}],"wp:attachment":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/media?parent=2286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/categories?post=2286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/tags?post=2286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}