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Classwork Exercise and Series (Financial Accounting-SS3): Departmental Account

Meaning of Departmental Account When an organization operates different segment, each segments is referred to a department. Departmental account aims at separating the several activities of a business, in order to compare results and to assist the proprietor in formulating policies. The preparation of departmental accounts will show which department is most profitable and may […]

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Classwork Exercise and Series (Geography-SS2): Action of Waves

Meaning of Wave Process of wave erosion Features produced by wave erosion Features of wave deposition Meaning of Wave A wave is an oscillation of water particles. It is the most potent agent of marine erosion. Their actions are confined to coasts of oceans and seas. Process of wave erosion Corrosion: This occurs when the

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Classwork Exercise and Series (Financial Accounting- SS1): Source document and Subsidiary book

The Source document All entries that will pass through the subsidiary book must be supported by document providing details of information of the preparation of the books. The source document provide detail information for the preparation of the books. The documents are: Invoice: This sets out the full details of goods sent by the suppliers

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Classwork Exercise and Series (Financial Accounting- SS1): The Cash Book

Concept of cash book Cash book is the book for recording detailed particulars of all money received and paid. All cash transaction with cheque must pass through the cash book. The cash book is a subsidiary boo and it is part of the principal book called ledger. The cash and bank accounts are taken out

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Classwork Exercise and Series (Business Studies-JSS3): Office Equipment (I)

Meaning of Office Equipment Office equipment is any office item which is operated either manually, mechanically, or electronically to aid the office worker perform their duties faster, neater and efficiently. The need for office equipment Office equipment serves s a necessary aid to help workers carry out their duties effectively. It makes work easier, faster

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Classwork Exercise and Series (Computer-JSS2): Number Base System

Number Base System A computer or any digital system works in a binary manner. The main number systems used in digital hardware are as follows. Decimal number System: The decimal number system (base10) number system has ten as it base. It uses various symbols called digit for ten distinct value (0,1,3,4,5,6,7,8 and 9) to represent

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Classwork Exercise and Series (Financial Accounting-SS2): Bad debt and provision for bad debt

Meaning of bad debt In business, traders allow credit facilities to their customers where by traders will be the creditor while the buyer becomes the debtor. Inability to pay at the specified time makes the debt to become bad. Bad debt therefor are debts which have become irrecoverable, this arises as a result of inability

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Classwork Exercise and Series (Computer-JSS2): Computer Hardware

Computer Hardware The physical parts of a computer are referred to as the hardware which primarily consists of the system unit and other peripheral devices. E.g monitor, keyboard, mouse e.t.c. Computer hardware (usually simply called hardware when a computing context is implicit) is the collection of physical elements that constitutes a computer system. Computer hardware is

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Classwork Exercise and Series (Geography-SS1): Eclipse, Dawn and Twilight

Definition of Eclipse Eclipse is formed when the three bodies- sun, earth and the moon are in straight line during movement f the earth. The moon revolves round the earth once in every twenty seven days (a month), the earth and the moon travel together, making a complete movement around the sun once in a

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