business-studies-jss1-third-term-lesson-plan-scheme-of-work-week-2



Business-studies-jss1-third-term-lesson-plan-scheme-of-work-week-2

Classification of Accounts

(i) Real Accounts: These accounts contain records of transactions in property or materials i.e things you can see physically. Examples are motor vehicle accounts, furniture account, buildings account, machinery account etc.

(ii) Nominal Accounts: These deal with intangible things which may be revenue, losses, expenses, goodwill, profits and discounts.

(iii) Personal Accounts: These are accounts in which transactions with individuals or other organizations are entered. Examples of personal accounts are debtors and creditors accounts.

(iv) Impersonal Accounts: These accounts relate to intangible and material things.  It is the one sub-divided into real accounts and nominal accounts.

 

EVALUATION

  1. Explain the term ‘‘ledger’’.
  2. List the classes of ledger.

Lesson Notes / Scheme of work

Primary 1  |  Primary 2Primary 3

Primary 4 |  Primary 5Primary 6

JSS1JSS2  | JSS3

SSS1SSS2  |  SSS3

Question Bank

Primary 1 |  Primary 2  |Primary3

Primary 4  | Primary5 Primary6

JSS1JSS2 |  JSS3

SSS1SSS2  |  SSS3

Lesson Notes

Primary School lesson notes, all subjects.

Lesson notes

Lesson  notes and plan for secondary schools

Question Bank

Question bank for primary

Question Bank

Question Bank for Secondary School

work sheet

Worksheet for all levels

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