BOOK KEEPING FORM 1
TOPIC 6: ELEMENTARY TRADING PROFIT AND LOSS ACCOUNT | B/KEEPING FORM 1
Final accounts give a concise idea about the profitability and financial position of a business to its management, owners, and other interested parties. All...
TOPIC 5: STOCK | B/KEEPING FORM 1
Difference between Stock at Start and Stock at Close
Distinguish between stock at start and stock at close
Stock is the value of the goods that...
TOPIC 4: TRIAL BALANCE | B/KEEPING FORM 1
Meaning of Trial Balance
Define the Trial Balance
Trial
Balance is a list of closing balances of ledger accounts on a certain date and is the first...
TOPIC 3: CLASSIFICATION OF ACCOUNTS | B/KEEPING FORM 1
Classification of Accounts
It is necessary to know the classification of accounts and their treatment in double entry system of accounts. Broadly, the accounts are...
TOPIC 2: BOOKS OF PRIME ENTRY | B/KEEPING FORM 1
Description of a Business Transaction
Describe what a business transaction is
An
accounting transaction is a business event having a monetary impact on
the financial statements of a...
TOPIC 1: SUBJECT MATTER OF BOOK KEEPING | B/KEEPING FORM 1
The Meaning of Book Keeping
Define book keeping
Book-keeping is an art of recording financial business transaction in a set of books in terms of money...
