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SS1: FINANCIAL ACCOUNTING - 1ST TERM

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  1. Introduction to Booking Keeping and Accounting | Week 1
    9 Topics
    |
    1 Quiz
  2. Introduction to Books of Account | Week 2
    5 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



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Return Outward Day Book or Journal is the book for recording goods returned to suppliers by the business. It is also referred to as the purchase return Journal.

The transactions entered in this book are taken from the credit note sent by the suppliers. Goods can be returned as defective, damaged, or the wrong kind.

Procedures:
(i) Goods returned are entered in the book
(ii) Debit personal account of the supplier
(iii) Credit Return outwards account.

Format of Return Outward Book:

Screenshot 2022 07 21 at 17.36.16
Screenshot 2022 07 21 at 17.36.30

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