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 of an organization to ascertain how far...
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 accounts relating to the several departments or...
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 limitations such as limited resources,...
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 goods are sent by their owner...
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 a
solitary business enterprise for profit without actual...
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 profit without actual...
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 in which there is not any
condition. Writer’s sign...
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 an entity’s projected future operations. A budget is...
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 essential for non-trading institutions. These
concerns maintain, generally, a cash book...
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 records Some times, businesses, especially small businesses...