{"id":3770,"date":"2023-10-05T18:50:15","date_gmt":"2023-10-05T18:50:15","guid":{"rendered":"http:\/\/localhost\/ecole9ja\/?p=3770"},"modified":"2023-10-05T18:55:18","modified_gmt":"2023-10-05T18:55:18","slug":"week-1-ss3-first-term-financial-accounting-notes","status":"publish","type":"post","link":"https:\/\/ecolebooks.com\/nigeria\/posts\/week-1-ss3-first-term-financial-accounting-notes\/","title":{"rendered":"Week 1 – SS3 First Term Financial Accounting Notes"},"content":{"rendered":"

FIRST TERM E-LEARNING NOTE
\n<\/strong>
\n\u00a0SUBJECT: FINANCIAL ACCOUNTING\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CLASS: SS3
\n<\/strong>
\n\u00a0<\/p>\n

SCHEME OF WORK
\n<\/h2>\n

\u00a0WEEKS\u00a0\u00a0\u00a0\u00a0TOPIC
\n<\/strong>1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Partnership Accounts\u00a0\u00a0\u00a0\u00a0
\n2\u00a0\u00a0\u00a0\u00a0 Final Accounts of a Partnership
\n3 \u2013 4 Admission of Partners\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
\n5 – 6\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Dissolution of Partnership
\n7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Introduction to Company Accounts
\n8\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Final Accounts of Limited Liability Companies
\n9 – 10\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Issue of Shares and Debentures<\/p>\n

\u00a0
\n\u00a0WEEK ONE
\n<\/strong>PARTNERSHIP ACCOUNTS
\n<\/strong><\/p>\n

    \n
  1. Partnership Agreement\n<\/li>\n
  2. Capital and Current Account\n<\/li>\n<\/ol>\n

    INTRODUCTION
    \n<\/strong>PARTNERSHIP can be defined as the relationship which exists between two or more persons who are carrying on business in common with a view to making profit. The rules governing the conduct of a partnership business is contained in the document known as the Deed of Partnership or Articles of Partnership or Partnership Agreement. <\/p>\n

    \u00a0CONTENTS OF THE DEED OF PARTNERSHIP
    \n<\/strong>The partnership Deed contains among others, the following. <\/p>\n

      \n
    1. Name of the partnership\n<\/li>\n
    2. Names of the partners\n<\/li>\n
    3. Capital contribution\n<\/li>\n
    4. Nature of the partnership business\n<\/li>\n
    5. Profit and loss sharing ratio\n<\/li>\n
    6. Interest on capital contribution\n<\/li>\n
    7. Interest chargeable on drawings\n<\/li>\n
    8. Duration of the partnership\n<\/li>\n
    9. Rules regarding admission or retirement of a partner\n<\/li>\n
    10. Rules on dissolution of the partnership\n<\/li>\n<\/ol>\n

      \u00a0WHEN THERE IS NO AGREEMENT
      \n<\/strong>Where there is no specific arrangement concerning the partnership agreement, section 24 of the Partnership Act 1890 laid down the rules that should be applied as follows:-<\/p>\n

        \n
      1. No interest to be paid on capital contributed by each partner\n<\/li>\n
      2. No partner should receive salary or remuneration.\n<\/li>\n
      3. No interest is to be charged on drawings\n<\/li>\n
      4. Profits and losses are to be shared equally.\n<\/li>\n
      5. 5% interest should be allowed on any loans made by any partner in excess of the agreed capital contribution.\n<\/li>\n<\/ol>\n

        \u00a0FIXED CAPITAL ACCOUNT
        \n<\/strong>The capital accounts of partners are usually regarded as fixed so as to provide a permanent evidence of the initial amount with which the partnership is commenced. Where capital is regarded as fixed, a current account must be opened for each of the partners. <\/p>\n

        \u00a0PARTNERS CURRENT ACCOUNT
        \n<\/strong>The current account of each partner is prepared to show what such a partner is entitled to withdraw from the business at any point in time. It is credited with salary, commission, share of profits, interest on capital, and debited with drawings, interest on drawings, etc.
        \nEXERCISE 1
        \n<\/strong>Obi and Oba are partners in a firm of chartered accountants with initial capital contributions of N50,000 and N40,000 respectively which are to be kept fixed in the partnership books. You are required to show the cash account, partners’ capital accounts and balance sheet extracts.
        \nSOLUTION
        \n<\/strong>\"\"\/\"\"\/\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CASH ACCOUNT (EXTRACTS)
        \n<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0N
        \n\u00a0\u00a0\u00a0\u00a0Capital:\u00a0\u00a0\u00a0\u00a0Obi\u00a0\u00a0\u00a0\u00a050, 000
        \n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Oba \u00a0\u00a0\u00a0\u00a040, 000
        \n\"\"\/\"\"\/\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0PARTNERS CAPITAL ACCOUNT
        \n<\/strong>
        \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\u00a0\u00a0\u00a0\u00a0\u00a0Obi \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Oba \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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0NN
        \n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Cash A\/c 50, 000\u00a0\u00a0\u00a0\u00a040, 000<\/p>\n

        \u00a0\"\"\/\"\"\/\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0BALANCE SHEET (EXTRACTS)
        \n<\/strong>
        \n\u00a0\u00a0\u00a0\u00a0\u00a0Capital A\/c\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0N\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0N
        \n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Obi\u00a0\u00a0\u00a0\u00a050, 000
        \n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Oba\u00a0\u00a0\u00a0\u00a040, 000\u00a0\u00a0\u00a0\u00a0Cash in hand 90, 000
        \nFIXED CAPITAL ACCOUNT WITH CURRENT ACCOUNT
        \n<\/strong>As illustrated above where capital account will remain fixed according to agreement, current account must be opened for each partner. It is debited with drawings, interest on drawings and credited with interest on capital, share of profit and partner’s salary.
        \nILLUSTRATION II
        \n<\/strong>\"\"\/\"\"\/\"\"\/\"\"\/DR\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0FIXED CAPITAL ACCOUNT\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong>CR
        \n\t\t<\/strong>\"\"\/\"\"\/\"\"\/\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0A\u00a0\u00a0\u00a0\u00a0B\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0A\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0B
        \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\u00a0\u00a0\u00a0\u00a0N\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0N
        \n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Balance b\/d\u00a0\u00a0\u00a0\u00a0100, 000\u00a0\u00a0\u00a0\u00a020, 000<\/p>\n

        \u00a0CURRENT ACCOUNT
        \n<\/strong>\"\"\/DR\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CR
        \n\"\"\/\"\"\/\"\"\/\"\"\/\"\"\/\"\"\/\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0A\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0B\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0A B
        \n\"\"\/\"\"\/\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0N\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0N\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0N\u00a0\u00a0\u00a0\u00a0N
        \nDrawings\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a04, 000\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a03, 500\u00a0\u00a0\u00a0\u00a0 Balance B\/f\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,000 6, 000
        \nInterest on drawings\u00a0\u00a0\u00a0\u00a0 400\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 350\u00a0\u00a0\u00a0\u00a0 Int. on capital \u00a0\u00a0\u00a0\u00a010, 000 20, 000
        \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 Share of profit \u00a0\u00a0\u00a0\u00a0 5, 000 6, 000
        \nBalance c\/d\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a014, 600\u00a0\u00a0\u00a0\u00a030, 150 Salary\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a01, 000\u00a0\u00a0\u00a0\u00a0 2, 000
        \n\"\"\/\"\"\/\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a019, 000\u00a0\u00a0\u00a0\u00a034, 000\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a019, 000 34, 000
        \n\"\"\/\"\"\/
        \n\tHowever, there are instances where the partners in accordance with the partnership deed, maintain floating or fluctuating capital account.<\/p>\n

        \u00a0FLOATING CAPITAL WITHOUT CURRENT ACCOUNT
        \n<\/strong>This is simply a combination or mixture of the capital and current accounts of each partner in a capital account hence such a capital account is referred to as “floating” or “fluctuating” because the balance can increase or decrease at any time depending on how much is paid in and how much is withdrawn.
        \nILLUSTRATION 3
        \n<\/strong>FLUCTUATING CAPITAL ACCOUNT
        \n<\/strong>DR\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CR
        \n\"\"\/\"\"\/\"\"\/\"\"\/\"\"\/\"\"\/\"\"\/\"\"\/\"\"\/\"\"\/\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0A\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0B\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 A\u00a0\u00a0\u00a0\u00a0 B
        \n\"\"\/\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0N\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0N\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0N\u00a0\u00a0\u00a0\u00a0N
        \nDrawings \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4, 000 3, 500 Bal of capital b\/f 100, 000 200, 000
        \nInterest on drawings \u00a0\u00a0\u00a0\u00a0 400 \u00a0\u00a0\u00a0\u00a0350 Bal of current b\/f 3, 000 6, 000
        \nBalance c\/d\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0114, 600 230,150 Interest in capital\u00a0\u00a0\u00a0\u00a0 10, 000 20, 000\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\u00a0Share of profit \u00a0\u00a0\u00a0\u00a0 5, 000 6, 000
        \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\u00a0Salary\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1, 000 2, 000
        \n\"\"\/\"\"\/\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0119, 000 234, 000\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0119, 000\u00a0\u00a0\u00a0\u00a0234, 000\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

        \u00a0EVALUATION
        \n<\/strong><\/p>\n

          \n
        1. Define Partnership\n<\/li>\n
        2. List seven items that should be contained in a partnership deed.\n<\/li>\n<\/ol>\n

          \u00a0READING ASSIGNMENT
          \n<\/strong>Essential Financial Accounting by O.A. Longe Page 249-251.<\/p>\n

          \u00a0WEEKEND ASSIGNMENT
          \n<\/strong><\/p>\n

            \n
          1. Where there is no partnership agreement the Partnership Act 1890 section _______ should be applied (a) 20 (b) 25 (c) 24 (d) 34\n<\/li>\n
          2. \n
            Which of the following is not true where there is no laid down agreement for the partnership? (a) Profits and losses to be shared equally (b) No interest on drawings (c) No interest in capital (d) Members of the public can invest in the shares of the business.\n<\/div>\n<\/li>\n
          3. \n
            Which of the following increases the profit of a partnership? (a) Drawings (b) Interest on capital (c) Interest on drawings (d) Partnership salary\n<\/div>\n<\/li>\n
          4. \n
            Which of the following statements is NOT true? (a) When we keep fixed capital accounts for partners we open their current accounts (b) When losses are made they are to be shared by the partners (c) When we keep floating capital account no current account is kept (d) A partnership can exist forever.\n<\/div>\n<\/li>\n
          5. \n
            Which of the following can represent capital contributed by a partner to a partnership? (a) Cash only (b) Cheques only (c) Cash and cheques only (d) Cash, cheque and other assets.\n<\/div>\n<\/li>\n<\/ol>\n

            \u00a0THEORY
            \n<\/strong><\/p>\n

              \n
            1. List the rules approved by the Partnership Act 1890 to be applied where there is no partnership agreement.\n<\/li>\n
            2. \n
              Prepare the capital and current accounts of the following partners:-\n<\/div>\n

              N
              \nCapital accounts \u00a0\u00a0\u00a0\u00a0Obi\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a050, 000 cr.
              \n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Oba\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a020, 000 cr.
              \nInterest in capital 5% p.a.
              \nSalaries \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Obi\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5, 000
              \n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Oba\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 6, 000
              \nInterest on drawings 5%
              \nDrawings \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Obi\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2, 000
              \n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Oba \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1, 500\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
              \nCurrent accounts balances b\/f
              \n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Obi\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3, 000 cr.
              \n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Oba \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 500 dr.\n<\/li>\n<\/ol>\n

              GENERAL EVALUATION
              \n<\/strong><\/p>\n

                \n
              1. Differentiate between accounting concepts and convention\n<\/li>\n
              2. Explain four classifications of cost found in manufacturing accounts\n<\/li>\n
              3. State five reasons why a trial balance may not balance\n<\/li>\n
              4. State five limitations of the Receipts and Payments Account\n<\/li>\n
              5. Explain five events that may lead to the dissolution of a partnership\n<\/li>\n<\/ol>\n


                \n\t\t<\/strong>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

                FIRST TERM E-LEARNING NOTE \u00a0SUBJECT: FINANCIAL ACCOUNTING\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0CLASS: SS3 \u00a0 SCHEME OF WORK \u00a0WEEKS\u00a0\u00a0\u00a0\u00a0TOPIC 1\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Partnership Accounts\u00a0\u00a0\u00a0\u00a0…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,293],"tags":[],"class_list":["post-3770","post","type-post","status-publish","format-standard","hentry","category-posts","category-first-term-ss3-financial-accounting"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/3770","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=3770"}],"version-history":[{"count":1,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/3770\/revisions"}],"predecessor-version":[{"id":3771,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/3770\/revisions\/3771"}],"wp:attachment":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/media?parent=3770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/categories?post=3770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/tags?post=3770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}