BOOK KEEPING FORM 3
TOPIC 11: INCOMPLETE RECORDS | B/KEEPING FORM 3
TOPIC 11: INCOMPLETE RECORDS | B/KEEPING FORM 3
Statements Showing Profit or Loss From Incomplete Records
Draw up statements to show profit or loss from incomplete...
TOPIC 9: MANUFACTURING ACCOUNT | B/KEEPING FORM 3
TOPIC 9: MANUFACTURING ACCOUNT | B/KEEPING FORM 3
Manufacturing Account
Difference in Accounting for Stocks between Manufacturing Companies and Merchandising Companies
Explain the difference in accounting for...
TOPIC 8: BALANCE SHEET (CLASSIFIED) | B/KEEPING FORM 3
TOPIC 8: BALANCE SHEET (CLASSIFIED) | B/KEEPING FORM 3
Meaning of Each Asset and Liability Classification Appearing on a Balance Sheet
Define each asset and liability...
TOPIC 7: FINANCIAL STATEMENTS | B/KEEPING FORM 3
TOPIC 7: FINANCIAL STATEMENTS | B/KEEPING FORM 3
General Purpose Financial Statements
Describe general purpose financial statements
Financial Statements
Definition:
Financial statements are a collection of reports about an
organization’s...
TOPIC 6: BAD DEBTS | B/KEEPING FORM 3
TOPIC 6: BAD DEBTS | B/KEEPING FORM 3
The Bad Depts Account
Show the bad debts account
What are bad debts?
The term bad debts
usually refers to accounts receivable...
TOPIC 5:DEPRECIATION | B/KEEPING FORM 3
TOPIC 5:DEPRECIATION | B/KEEPING FORM 3
Cost of a Fixed Asset
Determine the cost of a fixed asset
Depreciation
is the systematic reduction in the recorded cost of...
TOPIC 4: CAPITAL EXPENDITURE AND REVENUE EXPENDITURE | B/KEEPING FORM 3
TOPIC 4: CAPITAL EXPENDITURE AND REVENUE EXPENDITURE | B/KEEPING FORM 3
Meaning of Capital Expenditure and Revenue Expenditure
Give the meaning of capital expenditure and revenue...
TOPIC 3: ADJUSTMENTS | B/KEEPING FORM 3
TOPIC 3: ADJUSTMENTS | B/KEEPING FORM 3
Adjusting entries are accounting journal entries that convert a company’s accounting records to the accrual basis of accounting....
TOPIC 2: CORRECTION OF ERRORS | B/KEEPING FORM 3
TOPIC 2: CORRECTION OF ERRORS | B/KEEPING FORM 3
Wrong Entries
Identify wrong entries
An accounting error is a non-fraudulent discrepancy in financial documentation. The term is...
TOPIC 1: GENERAL JOURNAL | B/KEEPING FORM 3
TOPIC 1: GENERAL JOURNAL | B/KEEPING FORM 3
The Purpose of General Journal
Explain the purpose of the General journal
You are an accounting student; you do not...
