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BOOK KEEPING FORM TWO FULL NOTES

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BOOK KEEPING NOTES FOR ORDINARY LEVEL
BOOK KEEPING FORM THREE

BOOK KEEPING FORM TWO FULL NOTES

BOOK KEEPING FORM TWO FULL NOTES | BOOK KEEPING FULL NOTES | BOOK KEEPING O’LEVEL | FORM TWO FULL NOTES | BOOK KEEPING FULL NOTES | NOTES ZOTE

BOOK KEEPING FORM TWO FULL NOTES

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations.

It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation.

There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems.

While these may be viewed as “real” bookkeeping, any process for recording financial transactions is a bookkeeping process.

The person in an organisation who is employed to perform bookkeeping functions is usually called the bookkeeper (or book-keeper).

Book Keeping Notes For Ordinary Level

BOOK KEEPING FORM TWO FULL NOTES

Get free BOOK KEEPING notes for form one from this post and other more secondary notes from our site

To view BOOK KEEPING form two study notes for a topic please hit links bellow

TOPIC 1:
BOOKS OF PRIME ENTRY
TOPIC 2:
COLUMNAR CASH BOOK (PETTY CASH AND IMPREST SYSEM)
TOPIC 3:
BANK RECONCILIATION STATEMENT
TOPIC 4:
GOVERNMENT ACCOUNTING TERMINOLOGY
TOPIC 5:
SOURCES OF GOVERNMENT FUNDS AND EXPENDITURE ESTIMATES

BOOK KEEPING FORM TWO FULL NOTES

They usually write the daybooks (which contain records of sales, purchases, receipts, and payments)

See also  PHYSICS FORM TWO FULL NOTES

And document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.—and the general ledger.

Thereafter, an accountant can create financial reports from the information recorded by the bookkeeper.

The bookkeeper brings the books to the trial balance stage, from which an accountant may prepare financial reports for the organisation, such as the income statement and balance sheet.

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