B/KEEPING FORM 1

Home BOOK KEEPING B/KEEPING FORM 1

TOPIC 5: STOCK | B/KEEPING FORM 1

Difference between Stock at Start and Stock at Close Distinguish between stock at start and stock at close Stock is the value of the goods that...

TOPIC 4: TRIAL BALANCE | B/KEEPING FORM 1

Meaning of Trial Balance Define the Trial Balance Trial Balance is a list of closing balances of ledger accounts on a certain date and is the first...

TOPIC 3: CLASSIFICATION OF ACCOUNTS | B/KEEPING FORM 1

Classification of Accounts It is necessary to know the classification of accounts and their treatment in double entry system of accounts. Broadly, the accounts are...

TOPIC 2: BOOKS OF PRIME ENTRY | B/KEEPING FORM 1

Description of a Business Transaction Describe what a business transaction is An accounting transaction is a business event having a monetary impact on the financial statements of a...

TOPIC 1: SUBJECT MATTER OF BOOK KEEPING | B/KEEPING FORM 1

The Meaning of Book Keeping Define book keeping Book-keeping is an art of recording financial business transaction in a set of books in terms of money...

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