Financial Accounting Archives - Page 2 of 2

Classwork Series and Exercises {Financial Account – SS1}: Company’s Account

Leave a Comment / Education / Busola Ojumu

Financial Accounting, SS 1, Week 5 Topic: Company’s Account Contents Meaning of company’s Account Kinds of companies Characteristics of limited companies Company’s Account A company can be defined as a business owned by an association of people and operated as a legal person on behalf of its owners with the usual motive of profit maximization.e.g […]

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Classwork Series and Exercises { Financial Accounting – SS3}: Branch Account

Leave a Comment / Education / Busola Ojumu

Financial Accounting, Week 6 Topic: Branch Account Contents Introduction to branch Account Division of branch Accounting Pricing method Branch Account A branch can be defined as a small part of the business operating with some degree of independence. Branch account takes into consideration the entries of transaction in the books of an organization with different

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Classwork Exercise and Series (Financial Accounting- SS1): Bank Reconciliation Statement

1 Comment / Uncategorized / Adejoke Mokolade

Concept of bank reconciliation statement A business enterprise will record money paid into the bank and the sums drawn from the bank with cheques in the cash book. On the other hand the bank record all the transactions in its own books. The book which the bank prepares showing the transaction between it and the

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Classwork Exercise and Series (Financial Accounting- SS 1): Trial Balance And Balancing The Ledger Account

Leave a Comment / Education / Adejoke Mokolade

Balancing the ledger accounts The account must be balance off before extracting the trial balance at regular intervals during the financial year. It will be a matter of necessity to balance each account in order to ascertain the overall position recorded in the book-keeping system. Procedure to balance the ledger account In order to balance

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Classwork Series and Exercise (Financial Accounting- SS 3) Issues of Shares

Leave a Comment / Education / Adejoke Mokolade

Definition of Shares Shares can be defined as the units of capital or ownership of a limited liability company,it is the division of the company’s ownership into numerous equal parts.i.e the interest which a shareholder has in the company. A company cannot commence business until it raises by selling to the public for subscription. Classes

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Financial Accounting

Classwork Series and Exercises {Financial Account – SS1}: Company’s Account

Classwork Series and Exercises { Financial Accounting – SS3}: Branch Account

Classwork Exercise and Series (Financial Accounting- SS1): Bank Reconciliation Statement

Classwork Exercise and Series (Financial Accounting- SS 1): Trial Balance And Balancing The Ledger Account

Classwork Series and Exercise (Financial Accounting- SS 3) Issues of Shares

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