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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 Account | 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 Book Keeping | Week 5
    1 Topic
    |
    1 Quiz
  6. Cash Book | Week 6
    6 Topics
    |
    1 Quiz
  7. Petty Cash Book | Week 7
    1 Topic
    |
    1 Quiz

Quizzes

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Topic Content:

  • Meaning of Sales Day Book or Sales Journal
  • Nature of the Account
  • Trade Discount
  • Example of Trade Discount
  • Format of Sales Day Book

This is a book of original or Prime entry into which credit sales are recorded before posting to the ledgers. In the sales day book, cash transactions must not be recorded.

Note: The total of the sales day book will be transferred to the Credit side of the sales account in the general ledger and personal accounts will be debited.

Nature of the Account:

 

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