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SS1: FINANCIAL ACCOUNTING - 1ST TERM

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  1. Introduction to Booking Keeping and Accounting | Week 1
    11 Topics
    |
    1 Quiz
  2. Introduction to Books of Accounts | Week 2
    6 Topics
    |
    1 Quiz
  3. Subsidiary Books of Account I | Week 3
    4 Topics
    |
    1 Quiz
  4. Subsidiary Books of Account II | Week 4
    4 Topics
    |
    1 Quiz
  5. Principles of Double Entry Bookkeeping | Week 5
    2 Topics
    |
    1 Quiz
  6. Cash Book | Week 6
    6 Topics
    |
    1 Quiz
  7. Petty Cash Book | Week 7
    1 Topic
    |
    1 Quiz
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Topic Content:

  • Meaning of Debtor
  • Features of Debtors
  • Meaning of Creditor
  • Features of Creditors
  • Differences between Creditors and Debtors

Debtor:

A debtor is a customer who owes the business money for goods or services bought on credit (without immediate payment). In other words, a debtor is an individual, company, or even a government that is yet to pay what they ...

 

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