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ACCOUNTANCY ACCOUNTANCY As LEVEL(FORM FIVE) NOTES – CORRECTION OF ACCOUNTING ERRORS
- By ecadmin
- . September 30, 2023
CORRECTION OF ACCOUNTING ERRORSINTRODUCTIONError-MistakeRectification-CorrectionErrors may occur1.While the transactions are initially recorded.2.While the ledge account are being recorded.3.While the trial balance is bean prepared.CLASSIFICATION OF ERRORS1.Arithmetical
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1ST TERM SS2 FINANCIAL ACCOUNT SCHEME OF WORK AND NOTE
- By guru
- . September 30, 2023
FIRST TERM E-LEARNING NOTE SUBJECT: FINANCIAL ACCOUNTING CLASS: SS2 SCHEME OF WORK WEEK TOPIC 1 Final Accounts – Special transactions; Bad Debts, Closing entries e.t.c. 2 Final Accounts
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ACCOUNTANCY A LEVEL(FORM SIX) NOTES – STOCK VALUATION
- By ecadmin
- . September 30, 2023
STOCK VALUATIONConcept;Stock/inventoryThe Tanzania statement of Accounting Guidelines No 2 which deals with the valuation of inventories in the context of the historical cost system states
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ACCOUNTANCY A LEVEL(FORM SIX) NOTES – PARTNERSHIP (CONTRACT).(4)
- By ecadmin
- . September 30, 2023
PARTNERSHIP (CONTRACT).Death of a partner:From the Accountancy point of view, the only difference between retirement and the death of the partner is that in the
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ACCOUNTANCY As LEVEL(FORM FIVE) NOTES – ACCOUNTING ENTRIES(3)
- By ecadmin
- . September 30, 2023
ACCOUNTING ENTRIES1. On setting aside the amount of depreciation; DR: Depreciation a/c or P+L a/c CR: Depreciation Fund a/cNote: The amount to be charged by
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ACCOUNTANCY 6 – COMPANY ACCOUNT 1.2
- By ecadmin
- . September 30, 2023
DR APPLICATION & ALLOTMENT CRBank(refund)80,000Bank(applied money)380,000ordinary share capital(10+5)x2500)375,000Bank(allot money)325,000premium share(10×25,000)250,000705,000705,000 DR ORDINARY SHARE ACCOUNT CRBalance c/d1,250,0001st call375,000Application &allotment375,0002nd call500,0001,250,0001,250,000Balance b/d1,250,000 DR 2ND CALL ACCOUNT CRordinary
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ACCOUNTANCY As LEVEL(FORM FIVE) NOTES – RESERVES AND PROVISIONS (3)
- By ecadmin
- . September 30, 2023
RESERVES AND PROVISIONS INTRODUCTION:Any business firm must have an asset in conducting its activities.Assets are the possessions of the business.They are things of value that
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BOOK KEEPING O LEVEL(FORM THREE) NOTES – CONTROL ACCOUNT
- By ecadmin
- . September 30, 2023
CONTROL ACCOUNTDue to their small number of business transactions small firms can operate effectively with one ledger. Large business firms have a large number of