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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