FINANCIAL ACCOUNTING
For students in senior secondary schools
MANUFACTURING ACCOUNT
By the end of this class, you should have understood Manufacturing Account and be able to answer...
TRADING, PROFIT OR LOSS ACCOUNT
This video lesson covers the definition of trading account and profit or loss account, Identify...
BANK RECONCILIATION STATEMENT
This lesson covers the following sections;DEFINITION OF BANK RECONCILIATION STATEMENTDIFFERNCE...
PREPARING BANK RECONCILIATION STATEMENT
In this lesson, we take you through a step-by-step and detailed approach to understanding and...
PREPARING BANK RECONCILIATION STATEMENT -PART 2
In the end of this lesson, you should be able to prepare a bank reconciliation statement using the...
CASH BOOK
This lesson covers the following;DEFINITION OF CASH BOOKVARIOUS KINDS OF CASH BOOKEXPLANATION OF...
DOUBLE OR TWO COLUMN CASH BOOK
This video lesson gives an in-depth explanation of the following:DOUBLE OR TWO-COLUMN...
TRIPLE OR THREE COLUMN CASH ACCOUNT
At the end of this lesson, students should be able to :Define triple or three column cash...
PETTY CASH BOOK
This lesson covers the following:DEFINITION OF PETTY CASH BOOKTHE IMPREST SYSTEM AND THE...
TRIAL BALANCE
This lesson cover the following:DEFINITION OF TRIAL BALANCETHE USES OF TRIAL BALANCETHE RULES OF...
CORRECTION OF ACCOUNTING ERRORS
This lesson covers the following:DEFINITION OF ACCOUNTING ERRORSTHE TYPES OF ACCOUNTING...
TRADING, PROFIT OR LOSS ACCOUNT
This lesson covers the following:DEFINITION OF TRADING, PROFIT OR LOSS ACCOUNTIDENTIFICATION...
BALANCE SHEET
This lesson covers the following:DEFINITION OF BALANCE SHEETTHE ITEMS OF A BALANCE SHEETSOLUTION TO...
ACCOUNTING EQUATION
This lesson covers the following:DEFINITION OF ACCOUNTING EQUATIONDESCRIPTION OF A BALANCE...
THE PRINCIPLES AND PRACTICE OF DOUBLE ENTRY
This lesson covers the following:EXPLANATION OF THE RULES OF DOUBLE ENTRYDESCRIPTION OF THE...
SUBSIDIARY BOOKS AND SOURCE DOCUMENTS
This lesson covers the following;DEFINITION AND IDENTIFICATION OF SUBSIDIARY BOOKSEXPLANATION OF...
HOW TO PREPARE SALES DAY BOOK OR JOURNAL
This lesson covers the following:DEFINITION OF SALES DAY BOOK OR JOURNALTHE PROCEDURES FOR POSTING...
HOW TO PREPARE PURCHASE DAY BOOK
This lesson covers the following:MEANING OF PURCHASE DAY BOOKTHE PROCEDURES FOR PURCHASE DAY...
HOW TO PREPARE RETURN OUTWARDS DAY BOOK
This lesson covers the following:MEANING OF RETURN OUTWARDS DAY BOOKTHE PROCEDURES OF PREPARING...
HOW TO PREPARE RETURN INWARDS DAY BOOK
This lesson covers the following:MEANING OF RETURN INWARDS DAY BOOKPROCEDURES FOR RETURN INWARDS...
DEPRECIATION OF FIXED ASSETS
This lesson covers the following:MEANING OF DEPRECATION THE REASONS FOR CHARGING DEPRECIATIONTHE...
METHODS OF DEPRECIATION
This lesson covers the following:METHODS FOR DEPRECIATIONMETHODS USED IN CALCULATING...
STRAIGHT LINE METHODS OF DEPRECIATION
andnbsp;MEANING OF STRAIGHT LINE METHOD OF DEPRECIATIONTHE FORMULA OF STRAIGHT LINE METHOD OF...
DIMINISHING OR REDUCING BALANCE METHOD OF DEPRECIATION
This lesson covers the following:MEANING OF DIMINISHING OR REDUCING BALANCE METHOD OF...
REVALUATION METHOD OF DEPRECIATION
This lesson covers the following: DESCRIPTION OF THE REVALUATION METHOD OF DEPRECIATIONFORMULA OF...
SUM OF THE YEAR DIGIT METHOD OF DEPRECIATION
This lesson covers the following:DESCRIPTION OF SUM OF THE YEAR DIGIT METHOD SOLUTION TO RELATED...
Single Entry And Incomplete Record
At the end of this lesson, students should be able to:Define single entry and incomplete...
Conversion of Single Entry to Double Entry
At the end of this lesson, students should be able to:State the necessary books to prepareMention...
PROVISION FOR PREPAYMENT AND ACCRUALS
At the end of this lesson, students should be able to:Define and differentiate prepayment and...
CONTROL ACCOUNT
At the end of this lesson, students should be able to:Define control accountState advantages of...
HOW TO PREPARE SALES LEDGER CONTROL ACCOUNT
At the end of this lesson, students should be able to:Define sales ledger control accountState the...
HOW TO PREPARE PURCHASE LEDGER CONTROL ACCOUNT
At the end of this lesson, students should be able to:Define purchase ledger control accountState...
PARTNERSHIP ACCOUNT
At the end of this lesson, students should be able to:Define partnershipExplain partnership deeds...
HOW TO PREPARE PARTNERS CAPITAL ACCOUNT
At the end of this lesson, students should be able to:Describe the types of capital account...
HOW TO PREPARE PARTNERS APPROPRIATION ACCOUNT
At the end of this lesson, students should be able to:Define appropriation accountIdentify items...
ACCOUNTING CONCEPTS AND CONVENTIONS
At the end of this lesson, students should be able to:Identify the accounting conceptsExplain the...
HOW TO PREPARE PARTNERSHIP TRADING PROFIT OR LOSS ACCOUNT
At the end of this lesson, students should be able to:Define trading, profit or loss account for...
