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JSS2: BUSINESS STUDIES – 2ND TERM

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  1. Bank Services | Week 1
    8 Topics
    |
    1 Quiz
  2. Insurance | Week 2
    6 Topics
    |
    1 Quiz
  3. Personal Qualities of an Entrepreneur | Week 3
    1 Topic
    |
    1 Quiz
  4. Business Opportunities | Week 4
    2 Topics
    |
    1 Quiz
  5. Consumer Rights and Responsibilities | Week 5
    2 Topics
    |
    1 Quiz
  6. Shopping Tips | Week 6
    4 Topics
    |
    1 Quiz
  7. Bookkeeping Ethics I | Week 7
    2 Topics
  8. Bookkeeping Ethics II | Week 8
    2 Topics
    |
    1 Quiz
  9. Ledger Entries | Week 9
    3 Topics
    |
    1 Quiz
  10. Petty Cash Book | Week 10
    5 Topics
    |
    1 Quiz



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Lesson 9, Topic 3
In Progress

Comprehensive Illustration on Ledger Entries

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Illustration

Post the following transactions into the ledger and balance the various accounts at the end of the month

June 1        Started business with N5,500 by cash

June 3        Purchased goods worth N1,500 by cash

June 8        Cash sales N700

June 12      Paid rent by cash N80

June 19      Sold goods worth N195 on credit to Bimbo

June 24      Bought a motor vehicle from U7C by cash N1,250

June 27      Received commission by cash N450

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