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JSS1: BUSINESS STUDIES - 3RD TERM
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Lesson 4 of 5
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Double Entry Book-keeping | Weeks 6 & 7
Performance Objectives:
At the end of this lesson, you should be able to:
- Define double-entry bookkeeping.
- Explain the following.
- Double-entry treatment of Assets.
- Double-entry treatment of Liabilities.
- Double-entry treatment of Capital.
- Double-entry treatment of Expenses.
- Explain the meaning of Ledger.
- List classes/types of Ledger.
- Differentiate between Real and Nominal Ledger.
- Draw a format of a Ledger.
- Post into a ledger using Double entry system.
- Post from Journal to Ledger.