{"id":999,"date":"2023-09-27T11:03:11","date_gmt":"2023-09-27T11:03:11","guid":{"rendered":"http:\/\/localhost\/ecole9ja\/?p=999"},"modified":"2023-09-27T11:12:59","modified_gmt":"2023-09-27T11:12:59","slug":"week-4-jss-2-second-term-business-studies-lesson-notes","status":"publish","type":"post","link":"https:\/\/ecolebooks.com\/nigeria\/posts\/week-4-jss-2-second-term-business-studies-lesson-notes\/","title":{"rendered":"Week 4 – Jss 2 Second Term Business Studies Lesson Notes"},"content":{"rendered":"

WEEK FOUR
\nTOPIC: LEDGER ENTRIEES
\n<\/strong>Ledger is a principal book in which transaction are recorded in a summarize form. It is final destination of all transactions in the subsidiary book.
\nDr \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Format of ledger\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Cr<\/p>\n

\n\n\n\n\n
Date<\/td>\nParticular <\/td>\nFolio <\/td>\nAmount <\/td>\nDate <\/td>\nParticular <\/td>\nFolio <\/td>\nAmount <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nN<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nN<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

\u00a0SIMPLE CLASSIFICATION OF LEDGER ACCOUNT
\n<\/strong>\"\"\/\"\"\/\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Ledger <\/p>\n

\u00a0\"\"\/\"\"\/\"\"\/\"\"\/Personal \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\u00a0impersonal<\/p>\n

\u00a0Debtors creditors\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 real Nominal<\/p>\n

\u00a01. PERSONAL ACCOUNT: <\/strong>This ledger account record the persons account such as debtors, creditors, capital and bank account
\n2. IMPERSONAL ACCOUNT<\/strong>: This records non \u2013 persons account such as real and norminal account.
\na. Real Account<\/strong>: records the assets of the business such as building, motor vehicle, furniture, stock etc.
\nb. Norminal Account<\/strong>: records the income and expenses of the business such as insurance, transport, salary etc.
\nLedger Account is divided into<\/p>\n

    \n
  • Sales ledger \/ debtors ledger\n<\/li>\n
  • Purchases ledger \/ creditors ledger\n<\/li>\n
  • General ledger\n<\/li>\n
  • Private ledger\n<\/li>\n<\/ul>\n

    SALES LEDGER\/DEBTORS LEDGER<\/strong>: This is used to record account relating to debtors. Debtors are those who owe money that belongs to an organisation.
    \nPURCHASES LEDGER<\/strong>: This records account of creditors. Creditors are people to whom money is owned or person from whom goods have been bought.
    \nGENERAL LEDGER<\/strong>: This takes care of both real and norminal account
    \nPRIVATE LEDGER<\/strong>: This is ledger where properties confidential accounts are recorded.<\/p>\n","protected":false},"excerpt":{"rendered":"

    WEEK FOUR TOPIC: LEDGER ENTRIEES Ledger is a principal book in which transaction are recorded…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,103],"tags":[],"class_list":["post-999","post","type-post","status-publish","format-standard","hentry","category-posts","category-second-term-jss-2-business-studies"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/999","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=999"}],"version-history":[{"count":1,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/999\/revisions"}],"predecessor-version":[{"id":1000,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/posts\/999\/revisions\/1000"}],"wp:attachment":[{"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/media?parent=999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/categories?post=999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecolebooks.com\/nigeria\/wp-json\/wp\/v2\/tags?post=999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}