Tag: B/KEEPING

TOPIC 6: ELEMENTS OF AUDITING | B/KEEPING FORM 4 Elements of Auditing Meaning of Auditing Define auditing Auditing refers to a systematic and independent examination of books, accounts, documents and vouchers...

TOPIC 5: DEPARTMENTAL ACCOUNTS | B/KEEPING FORM 4 Departmental Accounts The Trading Account for a Departmental Store Draw up the trading account for a departmental store Introduction: Departmental Accounts are...

TOPIC 4: PARTNERSHIPS | B/KEEPING FORM 4 The Basic Characteristics of a Partnership Describe the basic characteristics of a partnership Definition: The proprietorship form of ownership suffers from certain...

TOPIC 3: CONSIGNMENT | B/KEEPING FORM 4 The Account in the Consignors and Consignee’s Books Show the account in the consignors and consignee’s books Consignment Overview Consignment occurs when...

TOPIC 2: JOINT VENTURES The Meaning of Joint Venture Define a joint venture An association of two or more individuals or companies engaged in a solitary business enterprise for...

TOPIC 2: JOINT VENTURES ~ BOOK KEEPING FORM 4 The Meaning of Joint Venture Define a joint venture An association of two or more individuals or companies engaged in...

TOPIC 1: BILLS OF EXCHANGE | B/KEEPING FORM 4 Meaning of a Bill of Exchange Define a bill of exchange Bill of exchange is written order letter...

TOPIC 13: GOVERNMENT BUDGETING PROCEDURE | B/KEEPING FORM 3 Meaning of a Budget Define a budget : A budget is a set of interlinked plans that quantitatively describe...

TOPIC 12: ACCOUNTS OF NON-PROFIT MAKING ORGANIZATIONS | B/KEEPING FORM 3 Accounting of Non-Profit Making Organizations Preparation of Statement of Affairs Prepare statements of affairs Certainly, proper accounting is...

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...