Account First Term Scheme of Work and Lesson Note for Senior Secondary School One( SSS 1)
First term scheme of work SSS1 Account
Week 1. Introduction to book- keeping and Account.
2. Accounting concepts and conversations
3. Principles of double entries
4. Source Document
5. Subsidiary books
6. Sales day book & return inward journal
7. Purchases day book & return outward journal
8. Ledger Account
9. One column cash book
10. Double column cash book
11. Revision
12. Examination
LESSON NOTE FOR THE FIRST WEEK
ENDING 15TH OF SEPTEMBER 2020
SUBJECT – ACCOUNTING
CLASS– SS1
DURATION- 40 MIP
NO OF PERIOD- 4
TOPIC- REVISION
PREVIOUS KNOWLEDGE: The student had been taught and given the definition of book-keeping in business study in their junior class.
State the meaning of book-keeping and Accounting
Give at least five(5) importance of book-keeping and accounting
State the limitation of book-keeping
List and explain the importance of book-keeping and Accounting
State the History of book-keeping
State the users and career opportunities of book-keeping and Accounting
INSTRUCTIONAL MATERIAL: White board and maker.
REFERENCE MATERIAL: Essential financial Accounting for senior secondary school by O.A. Longe and R.A. Kazeem, Simplified and Amplified Account for SS1-3 by Femi Longe.
CONTENT:
DEFINITION: Book-keeping may be defined as the recording of business transactions in a systematic manner on daily basis in an appropriate book of account for management decision making.
Accounting on the other hand id the interpreting and communicating financial information to the end users for appropriate decision making.
IMPORTANCE OF BOOK-KEEPING AND ACCOUNTING
- It is used for decision making.
- It helps to determine the profitability of a business concern/organization.
- It helps to provide permanent record for all business transactions.
- They are used for tax assessment.
- It helps to prevent fraud.
- It reveals the income and expenditure of an organization at a given point in time.
- It also shows the asset and liabilities of an organization at a glance.
- It reveals how effectively and efficiently an organization is being managed/ runned.
LIMITATION OF ACCOUNT INFORMATION
- It is historical in nature.
- There is no information as to usefulness, size or quality because accounting. information is expressed in monetary terms.
- It is rigid in nature because it is written in line with some un realistic concepts and conventions
- It can be influenced by personal/ individual judgment
Presentation:
Step 1. Review of some related topic to book-keeping in business study.
Step 2. Introduction of the new topic
Step 3. Explanation of the topic
Define book-keeping and Accounting
Differentiate between book-keeping and Accounting
Assignment:
Enumerate the uses and benefits of book-keeping and accounting to an organization
Previous 3 and 4
HISTORY OF BOOK-KEEPING AND ACCOUNT
There is no accurate record as to when accounting started, but briefly from 1494 to the present day, Account history can be traced back to a book called summa de arithmetical, geometric, proportioni et proportionality, written by the Italian mathematician and mark, Luca pacioli in A.D 1949.
In Nigerian, record keeping has its antecedent in the ancient kingdoms and empire and prominent then was the periodic contribution which was recorded on the wall. But the granting of royal charter to royal Niger Company was the turning point in record keeping.
The governing accounting principles in Nigeria was almost the same as the ones in Britain.
In 1965, the institute of chartered Accountants of Nigeria was established in Britain and USA. The institute was charged with the responsibilities of regulating accounting produces and practice in Nigeria.
In 1982, Nigerian Accounting standard board was burn to set standards to guide accounting operations members include general accounting operations. Members include general bank of Nigeria, finance ministry, Nigeria Accounting Teacher Association, clamber it commerce etc.
IN 1993, the act established another accounting professional body known as the association of natural accountant of Nigeria (ANAN).
Now in Nigeria there are two recognize accounting professional bodies namely Institute of chartered Accountants of Nigeria (ICAN) and Association of National Accounts of Nigeria (ANNAN)
PROFESSIONAL BODIES
Institute of charted Accountants of Scotland
I.C.A of England and Wales
I.C.A of Ireland
I.C.A of USA.
Association of charted Accountant
Institute of cost and management Accounts
Charted Institute of public finance & Accountancy
I.C.A.N.
A.N.A.N.
ACCOUNTING CAREER OPPORTUNITY
Accountant
Accounting Assistants
Accounting clerk
Accounting manager
Budget Analyst
Auditor
Payroll clerk
Chief Financial Officer
Book-keeping etc.
USERS OF ACCOUNTING INFORMATION
Managers
Employers
Competitor
Public
Government
Creditors
Analysts
Owners
Tax authority
Bank etc.
Presentation:
Step i. Reviews of definition and important of book-keeping and Accounting and it’s important.
Step ii. Introduction of the new topics
Step iii. Explanation of the topic
Step iv. General class discussion
Evaluation
List five users of Accounting information and the reason why the information is important to them.
List at least seven professional bodies in Accounting world wide
Assignment
Trace the history of book-keeping and Accounting in the world and in Nigeria
Conclusion:
The teacher summarizes the lesson and gores the students notes on the topics.
LESSON NOTE FOR THE SECOND WEEK ENDING 22ND SEPTEMBER 2020.
CLASS – SS1
DURATION– 40 MIP
NOS OF PERIOD- 4
TOPIC- ACCOUNTING CONCEPTS AND CONVECTION
PREVIOUS KNOWLEDGE– The students have been introduce to Book-keeping and Accounting in the previous lesson.
BEHAVIOURAL OBJECTIVES:- The students are expected to:
Explain the meaning of Accounting concepts of conventions
State and explain at least five (5) accounting concept and conventions.
Understand the reasons for the concepts and conventions
INSTRUCTIONAL MATERIALS:- marker and white board
REFERENCE MATERIALS:- Simplified and Amplified Book-keeping and Accounting for Ss1-3 by Femi Longe; Essential financial Accounting for SS1-3 R.A. Kazeem and A.O Longe
CONTENT:-
Accounting concepts are basic principles rules and regulation that must be taken into consideration when preparing the financial statement. They are itemized and explain below:
Going concern concept: This concept assume that the business will continue to operate for an indefinite period.
Entity concept: This concept states that business organization should be treated as a separate and distinct entity from the owners
Realization concept: This concept states that revenue is recognized as soon as goods are passed to the consumer in exchanged for valuable consideration.
Matching concept: This concept state that all expenses are matched to against the revenue generated at that period to determine the net income.
Periodicity concept: This concept states every business organization should prepare their financial statement at a yearly interval so that performance could be measured over this period.
Historical cost concept: This concept implies that the value of an asset should be recorded at its cost of acquisition and not the value of
Money Measurement: This concept states that information in the financial statements should reflect only those facts which are capable of being expressed in monetary terms.
Accrual concept: This concept states that revenue and expenses are recognized and included in the profit and loss account as they are accrued not as they are paid or received.
Dual aspect concept: this states that every record must be recorded twice one on the debit side and another on the credit side of a separate account respectively except that of a contra entry
Accounting convention s are general accepted approaches to the application of the earlier concepts. They are agreed methods of dealing with concepts. The conventions are
Materiality convention- This principle states that only items of material value are recorded.
Consistency convention- This state that an accounting method be changed in preceding accounting periods
Prudence/conservation convention: This principles state that the accountant should not anticipate income and will understate rather than overstate the profit. Moreover, when valuing assets e.g stock, the lower value should be chosen.
Presentation:
Step 1. The teacher revises the previous topic
Step 2. He introduces the new topic
Step 3. Give explanation on the salient points on the topic matter.
Step 4. General class discussion
Evaluation:
What is accounting concepts and conventions?
State at least four concepts and three accounting convention with detail explanation
Assignment:
Trace the history and development of accounting concepts and conventions
Conclusion:
The teacher summarizes the lesson and gives students note on the topic taught.
LESSON NOTE FOR THE THIRD WEEK ENDING 29-09-2020
SUBJECT- ACCOUNTING
CLASS- SS1
DURATION- 40MIP
NOS OF PERIOD- 4
TOPIC– Principles of double Entries
OBJECTIVES- The students should be able to:
State the principles of double entries
Demonstrate the double entry system of accounting
Solve problems in Accounting Equation
PREVIOUS KNOWLEDGE: The should have be taught the dual concept of accounting
INSTRUCTIONAL MATERIALS: white board and marker.
REFERENCE MATERIALS: simplified and Amplified Book-keeping and Accounting by Femi Longe and Essential Financial Accounting for senior secondary school by R.A. Kazeem and Longe
LESSON NOTE FOR THE THIRD WEEK
Double entry book-keeping sis the system of keeping accounting records in line with dual concepts of accounting whereby the account receiving value will be credited.
THE PRINCIPLE OF DOUBLE ENTRY
This principles state that “for every debit entry, there must be a corresponding credit and entry and for every and credit entry there must be a corresponding debit entry”
FEATURES OF DOUBLE ENTRY
It has two expect i.e one should be a giver and other the receiver
It applies the debit and credit principles
STEPS TO APPLYING THE DOUBLE ENTRY PRINCIPLES
Identify the two account involved in the transaction
Identifying the “Givers” and the “Receiver”
Applying the principle
Example;
Ajayi started business with N10,000 cash
Step:
Two accounts involved
Capital (ii) Cash
2a. Capital (Givers)
2b. Cash (Receiver)
Ledger
Dr Cash account
| N Capital 10,000 | N |
Dr Cash account
| N | N Cash 100,000 |
(2) Sold goods on credit to Ola N5,000
Sales Account (Giver)
Ola’s Account (Receiver )
Dr Ola’s Account
| N Sales 5,000 | N |
Dr Sales Account
| N | N Ola 5,000 |
ACCOUNTING EQUATION:
Accounting Equation is the fundamental frame work of the entire financial accounting process. The fundamental equation is given as:
Assets = Capital + Liabilities
Capital = Assets + Liabilities
Liabilities = Assets + Capital
Illustration:
Solve the equation by felling the gaps
Assets Liabilities Capital
(a) 300, 000
? 190,000
(b) ? 140,000 20,000
(c) 5,000,000 2,000,000 ?
Solution:
Liabilities = Assets + Capital
= 300,000 – 190,000
= 110,000
Assets = Liabilities + Capital
= 140,000 + 20,000
= 160,000
Capital = Assets =Liabilities
= 5,000,000 – 2,000,000
= 3,000,000
Presentation:
Step i. Revision of the previous topic
Step ii. Introduction of the new topic
Step iii. Explanation of silent points
Step iv. General class discussion
Evaluation:
State and explain the double Entry principle in accounting
State the fundamental Equation in accounting with given Examples.
Assignment:
Simplified and Amplified Book-keeping and Accounting page EX4 and page 29 EX8
Conclusion:
The teacher summarizes the lesson and give the student note on the topic.
LESSON NOTE FOR THE FOURTH WEEK ENDING 6TH OCTOBER 2020
SUBJECT – ACCOUNT
CLASS – SS1
DURATION – 40 M/P
NO OF PERIOD – 4
TOPIC – SOURCE DOCUMENTS
OBJECTIVES – THE STUDENTS ARE EXPECTED TO:
Explain the meaning of source documents
Identify the various source documents
State the uses of the source document
PREVIOUS KNOWLEDGE: The students are already familiar with receipt and school bills.
INSTRUCTIONAL MATERIAL:- Pictures, white board and marker
REFERENCE MATERIAL:- Essential financial accounting for SSS1-3 BY R.A. Kazeem and A.O. Longe , Simplified and Amplified financial Accounting by Femi Longe .
CONTENT:
Source documents are written evidence of business transactions that describe the essential facts of those transactions. The source documents include;
Invoice
Credit note
Debit note
Petty cash voucher
Statement of account
Receipt
Cheque tub
Invoice: The invoice sets out the full details of goods sent by the supplier to the buyer stating the quantity, price, discount given and terms of payment.
Credit note: This is a document sent to the buyer by the seller to correct an over charged account.
Debit note: This is a document sent to the buyer by the seller to correct an under charged account
Petty cash voucher: This is a documents that serve as an evidence to the money credited to the petty cash account.
Statement of account: This is a document sent by the seller to the buyer stating the total debit, credit and balance of his account with the seller.
Cheque: This is an unconditional order in writing addressed by the drawer to the banker to pay on demand a specified sum of money to the name person (payee) on the cheque.
Receipt: This is a document that serves as an evidence of payment for a particular transaction.
Presentation:
Step 1: Revision of the previous topic
Step 2: Introductionof the new topic
Step 3: Explanation of the new topic
Step 4: General class discussion
Evaluation
What is source document?
Mention at least five source documents.
Assignment
Simplified and Amplified Bookkeeping and Accounting page 20 Ex 1 & Ex 2.
LESSON NOTE FOR THE FIFTH WEEK ENDING 13TH OCTOBER 2020
CLASS – SS1
DURATION – 40 M/P
NO OF PERIOD – 4
TOPIC – SUBSIDIARY BOOKS
OBJECTIVES – The students should be able to:
Define subsidiary book
List the types and uses of subsidiary book.
State the meaning and uses of the sales day book/journal and the return inward journal.
PREVIOUS KNOWLEDGE: The students have been taught source documents in the previous lesson.
INSTRUCTIONAL MATERIAL:- White board and marker
REFERENCE MATERIAL: Simplified and Amplified book – keeping and Accounting by Femi Longe Essential financial Accounting for SS1 – 3 by R.A. Kazeem and A.O. Longe .
CONTENT:
These are books of original entry or prime entry in which events and transactions are initially recorded before being posted or transferred to the ledgers. It does not adopt the double entry system.
USES OF SUBSIDIARY BOOKS
Ascertainment of slaws and purchases
It provides opportunity for monthly totals.
It provides opportunity for control account preparation
Ascertainment of debtors and creditors
It provides aids to memory
CLASSIFICATION OF SUBSIDIARY BOOK
The subsidiary book can be broadly classified as follows.
Sales journal/day book
Purchases journal/day book
Return inward journal/day book
Return outward journal/day book
Cash journal
General journal/journal proper
SALES JOURNAL
The sales journal/sales day book is used for recording goods sold to customers on credit. It is used to record credit sales only.
Format
| Date | Particulars | F | Details | Total |
| Feb. 4 | Tony 20 Packs Of Biro @ N X Each Less 10% Discount CBI 25 Cartons Of Biscuits 5 Bags Of Sugar Less 5% Discount Transfer To Sales Ledger Acct. | X (xi X X Xx (xi | x x x xx |
Dr sales Ledger Account Cr.
| Journal xx |
RETURN INWARD BOOK
This is used to record goods previously sold but later returned by the customer to the seller. Goods may be returned as a result of damages or inferior quality or wrong choice etc.
FORMAT RETURN INWARD JOURNAL
| Date | Particulars | F | Details | Total |
| Sept. 2 | Tony 20 Packs Of Biro @ N X Each Less 10% Discount CBI 2 Cartons Of Biscuits @ Nx Less 5% Discount Transfer To Sales Return Ledger | X (xi x (xi | x x x |
Dr sales Return or Return inward ledger Cr.
| Journal x |
Presentation:
Step 1: Revision of previous topic
Step 2: Introduction of the new topic
Step 3: Explanation of the new topic
Step 4: General class discussion
Evaluation
What is subsidiary book?
What is a credit transaction?
List and explain the major subsidiary books
Assignment
Simplified and Amplified Book keeping and Accounting page 45 Ex 7x & 8x.
Conclusion:
The teacher summarizes the lesson and give the students note
LESSON NOTE FOR THE SIXTH WEEK ENDING 20TH OCTOBER 2020
CLASS – SSI
DURATION – 40 M/P
NO OF PERIOD – 4
TOPIC – PURCHASES DAY BOOK AND RETURN OUTWARD JOURNAL
OBJECTIVES – The students should be able to:
(i) State the meaning of purchases journal and return outward journal
(ii) Differentiate between the purchases journal and the sales journal
(iii) Prepare the purchases journal and the return outward journal
(iv) State the relationship between the purchases journal and the return outward journal.
PREVIOUS KNOWLEDGE – The students have been taught the sales journal and return inward journal in the previous class.
REFERENCE MATERIAL: Amplified and simplified Book keeping and accounting for SS 1-3 by Femi Longe , Essential financial Accounting for SS1-3 by R.A. Kazeem and A.O. Longe .
INSTRUCTIONAL MATERIAL:- White board and marker
CONTENT
PURCHASE JOURNAL:- This is the book of original entry for recording all goods purchased from the suppliers on credit. It is used to record credit sales only.
Format
| Date | Particulars | F | Details | Total |
| Jan. x Jan. 4 | James 7 yards of cloth @ N50 each 10 trousers @ N1,000 Less 10% discount Jimoh 5 shirts @ Nx each Transfer to purchases Account | x x xx x | x x x |
Dr Purchases Account Cr
|
|
|
Return outwards Journal
This is the book for recording goods returned to the supplier by the business. It is also called purchases return journal/day book.
Format
| Date | Particulars | F | Details | Total |
| Jan. z | James 2 yards of cloth @ Nx each 1 trousers @ Nx each Less 10% discount Jimoh 1 shirts @ Nx Transfer to purchases return Account | x x x (xi | x x x |
Purchase return/return outward account
| Journal x |
Presentation:
Step 1: The teacher revises the previous topic
Step 2: Introduction of the new topic
Step 3: Explanation of salient points
Step 4: General class discussion.
Evaluation:
(i) Differentiate between the sales journal and the purchases journal
(ii) What are the reasons for goods being returned either by customers or to supplier?
Assignment:
Simplified and Amplified Book keeping and accounting page 37 Ex 7x, 10x and 12x.
Conclusion:
The teacher summarizes the lesson and give the students note on the topic taught.
LESSON NOTE FOR THE SEVENTH WEEK ENDING 27TH OF OCTOBER 2020
CLASS – SS1
DURATION – 40 M/P
NO OF PERIOD – 4
TOPIC – The subsidiary books
SUB-TOPIC – Purchases day book and return outward day book.
PREVIOUS KNOWLEDGE – The students are taught in the previous lesson about the sales day book and return inward day book.
Behaviourial Objectives – The students are expected to:
(i) Differentiate between the sales day book and the purchases day book
(ii) Prepare the journal for purchases and purchases return.
INSTRUCTIONAL MATERIALS: White board and Marker
REFERENCE MATERIAL: Essential financial Accounting for SSS by O.A. Longe et al and Simplified and Amplified financial Accounting by Femi Longe .
CONTENT :-
Enter up the purchases day Book and return outwards day book of Duduyemin from the following information
May 1 credit purchases from Akala
15 shoes @ N100 each
30 shirts @ N50 each
Trade discount 10%
May 10: Return goods to Akala
3 shoes
5 shirts
May 15: Bought goods from Isiaka
30 crates of coca-cola N100 per create
15 crates of fanta @ N150 per crate.
May 27: Returned goods to Isiaka
10 crates of cocacola
3 crates of fanta
Solution
Duduyemi
Purchases day book
| Date | Particulars | F | Details | Amount |
| May 1. | Akala 15 shoes @ N100 30 shirts @ N50 Less 10% discount | 1500 1500 3000 300 | 2700 |
| Date | Particulars | F | Details | Amount |
| May 15. | Isiaka 30 crates of cocacola @ N100 each 15 crates of fanta @N150 each Transfer to purchases Account | 3000 2250 | 5200 7950 |
RETURN OUTWARD DAY BOOK
| Date | Particulars | F | Details | Amount |
| May 11 27 | Akala 3 shoes @ N100 each 15 crates of fanta @ N50 each Less 10% discount Isiaka 10 crates of cocacola @ N100 3 crates of fanta @ N150 each Transfer to R.O. Ledger | 200 750 1050 105 1000 450 | 945 1450 2395 |
Presentation
Step i: Revision of the previous lesson
Step ii: Introduction of the new topic
Step iii: Detail explanation on the new topic
Step iv: General class discussion
Evaluation
Differentiate between “Customer’s and a “supplier”
What is the difference between the Return inward journal and the return outward Journal?
Assignment
Simplified and Amplified financial accounting by Femi Longe page 34 Ex 10x.
LESSON NOTE FOR THE EIGHT WEEK ENDING 03-11-2020
CLASS – SS1
DURATION – 40 M/P
NO OF PERIOD – 4
TOPIC – INTRODUCTION TO LEDGER ACCOUNT
PREVIOUS KNOWLEDGE – The students are used to the journal entries.
BEHAVIOURAL OBJECTIVE – The students are expected to:
State the meaning of the ledger account
List and explain the various types of the ledger Account
State the uses of the ledger account
INSTRUCTIONAL MATERIAL – White board and marker
REFERENCE MATERIAL – Essential financial accounting for SSS 1-3 by O.A. Longe and R.A. Kazeem and simplified and Amplified Book keeping and Accounting by Femi Longe .
CONTENT:
The ledger Account is a principle book of account that contains permanent records of all transactions of the business in a classified and summarized form. The ledger is the most important and fundamental book of accounting in which the principle of double entry is strictly adhered to in the recording of transactions.
CLASSIFICATION OF LEDGER
Personal ledger
Sales ledger account
Purchases ledger account
General ledger account
Nominal ledger account
Real ledger account
Private ledger account
Capital ledger account
Drawing ledger account.
SPECIMEN OF A LEDGER ACCOUNT
Dr Cr
| Date | Particular | X | Amount | Date | Particular | X | Amount |
Summary of entries in the ledger Dr (debit) the receiving account (receiver) Cr (credit) the account giving value (giver).
Presentation:
Step i: The teacher revises the previous lesson
Step ii: Introduces the new topic
Step iii: Explanation on the new topic
Step iv: General class discussion
Evaluation
What is a ledger account?
Differentiate between the journal and the ledger account
List and explain the headings of the columns in a ledger account.
Assignment
List and explain with good example the division of the ledger account
Simplified and Amplified Book – keeping and accounting for SS 1- 3 page 50 Ex 2 and Ex. 6x.
LESSON NOTE FOR THE NINETH WEEK ENDING 10-11-2020
CLASS – SSI
DURATION – 40 M/P
NO OF PERIOD – 4
TOPIC – Single/one column cash book
BEHAVIOURAL OBJECTIVE – The students should be able to:
State the meaning of the single column cash book
Draw the ledger of a single column cash book
Explain each column of the single column cash book
Solve problems regarding to the single column cash book
PREVIOUS KNOWLEDGE – The students had been introduced to the ledger account in the previous lesson.
INSTRUCTIONAL MATERIALS – White board and marker
REFERENCE MATERIAL – Essential financial Accounting for SSS1-3 by R.A. Kazeem et al.
Simplified and Amplified Book – keeping and accounting for SSS 1-3 by Femi Longe .
CONTENT:
The single column cash book is a cash book that has a total of eight columns divided into two equal parts. Four columns to the left hand side known as the “Debit” side and four columns to the right hand side known as the “credit” side.
The debit side is used to record the amount received for a particular transaction while the credit side is sued to record the amount paid for a particular transaction.
Format of a single
Column cash book
Dr Cr
| Date | Particular | X | Amount | Date | Particular | X | Amount |
ILLUSTRATIONS:
The following was extracted from the book of Ndubueze for the month of January 2000.
Jan. 1 Started business with N2000 cash
2 Cash purchases N500
4 Cash sales N1500
7 paid rent by cash N200
11 Paid for insurance by cash N300
15 Cash saler N1000
22 Withdraw cash for personal use N200
27 Bought office machine by cash N200
28 Cash received from Olu N250
29 Paid electricity by cash N150
31. Paid salaries and wages by cash N500
You are required to enter the above transaction in the cash book of Ndubuisi for the month of January.
Solution
Ndubuisi
Cash account for the month of January 2000
Dr Cr
| Date | Particular | X | Amount | Date | Particular | X | Amount |
| Jan 1 4 15 28 Feb | Capital Sales Sales Olu Bal b/d |
| Jan 2 7 11 2020 22 29 31 31 | Purchases Rent Insurance Office machine Drawing Electricity Salaries & wages Balance c/d |
|
Presentation
Step i: Revision of the previous topic
Step ii: Introduction of the new topic
Step iii: Demonstration of the new topic
Step iv: General class discussion.
Evaluation
What is a single column cash book?
How many columns has a single column cash book.
Draw and explain the various column in a single column cash book
Assignment
Essential financial accounting for SS1-3 by O.A. Longe and R.A. Kazeem PAGE 44 Exc. 5-6 A.
Conclusion
The teacher summarizes the lesson and gives students note on the topic
Lesson Note For The Tenth Week Ending 2020-11-2020
CLASS – SS1
DURATION – 40 M/P
NO OF PERIOD – 4
TOPIC – CASH BOOK
SUB – TOPIC – Two column cash Book
BEHAVIOURIAL OBJECTIVES – The students are expected to:
State the differences between the single column cash account and the double (two) column cash book.
Solve questions involving two columns cash book.
PREVIOUS KNOWLEDGE – The students are familiar with the single column cash book.
INSTRUCTIONAL MATERIAL – White board and marker
REFERENCE MATERIAL Essential financial accounting for SSS 1-2 by O.A. Longe et al and simplified and Amplified financial Accounting for SSS 1- 3 BY Femi Longe.
CONTENT
Two column cash account is a ledger account that has a total of ten (100 columns divided into two equal part i.e five (5) columns to the left hand side (debit side) and five column to the right hand side (credit side).
Contra entry – This is a transaction that completes its dual entry in the cash book.
Format
Dr Cr
| Date | Particular | + | Cash | Bank | Date | Particular | + | Cash | bank |
|
|
|
|
|
Presentation:
Step 1: Revision of the previous lesson
Step 2: Introduction of the new topic
Step 3: Detail explanation of the topic
Step 4: General Class Discussion
Evaluation
What is contra entry?
Differentiate between the single column cash book and the double column cash book
Assignment
Simplified and Amplified Book keeping and Accounting for SSS 1-3 page 62 Ex 5X.
Conclusion – The Teacher gives students note.
Thank you so much for this site, you have done excellently well. I will appreciate if you can put up the Notes and scheme of work on Government, Commerce, Marketing. It will go a long way to help upcoming teachers like us.
Thanks.
Best regard.
Alright