Lesson Tag: Book-Keeping Lesson

Lesson BKKG-303: Accounting For Single Entry and Incomplete Records

[vc_row][vc_column][trx_tabs initial=”1″ scroll=”yes” height=”300″ top=”25″ bottom=”25″ class=”0.8em”][trx_tab title=”Lesson Objective” tab_id=”sc_tab_1517267960_1_57″ class=”0.8em”][vc_column_text]The objective is to: 1. Explain the meaning of incomplete records 2. Describe the role of double entry in incomplete records 3. Analyze the strength and weakness of single entry ad incomplete records 4. Draw up a statement of profit or Loss 5. Compute missing …

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Lesson BKKG-304: Accounts of Non-Profit Making Organizations

[vc_row][vc_column][trx_tabs][trx_tab title=”Lesson Objective” tab_id=”sc_tab_1517267964_1_1″ class=”0.8em”][vc_column_text]The objective is to: 1. Explain the meaning of a non-profit making organization 2. Distinguish profit and non-profit making organizations 3. Identify sources of funds and expenditures for non-profit making organizations 4. Describe a statement of affairs 5. Prepare a statement of affairs 6. Ascertain accumulated funds 7. Describe a statement …

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Lesson BKKG-102: Books of Prime Entry

The objective is to: 1. Explain the meaning of books of prime entry 2. Ledger 3. Distinguish types of ledgers 4. Relate ledger with an account 5. Differentiate between personal and impersonal accounts

Lesson BKKG-103: Principles of Double Entry

The objective is to: 1. Explain the meaning of double entry 2. Describe the principles of double entry system 3. Examine the importance of double entry 4. Analyze a business transaction 5. Apply the rule for debiting and crediting accounts 6. Post entries to the ledger accounts 7. Balance off the accounts

Lesson BKKG-104: Trial Balance

The objective is to: 1. Explain the meaning of trial balance 2. Recognize the need for trail balance 3. Discuss advantages and disadvantages of trial balance 4. Adapt the rule when preparing a trial balance 5. Prepare a trial balance 6. Examine the agreement of the trial balance totals 7. Balance off the accounts