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SS2: FINANCIAL ACCOUNTING - 2ND TERM
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Manufacturing Accounts5 Topics
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Departmental Accounts5 Topics
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Single Entry & Incomplete Records6 Topics
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Account of Non-Trading Organizations12 Topics
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Account of Non-Trading Organizations
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Income and Expenditure Account
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Receipts and Payment Account
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Illustration 1 - Account of Non-Trading Organizations
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Similarities & Differences between Receipts & Payments and Income & Expenditure
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Accumulated Fund
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Sources of Income to a Non-Profit Making Organization
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Illustration 2 - Account of Non-Trading Organizations
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Illustration 3 - Account of Non-Trading Organizations
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Illustration 4 - Account of Non-Trading Organizations
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Trading Activities
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Illustration 5 - Account of Non-Trading Organizations
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Account of Non-Trading Organizations
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Accounting Concepts4 Topics
Lesson 2 of 5
In Progress
Departmental Accounts
Performance Objectives
At the end of this lesson, the students should know:
- Meaning of Departmental Account
- Objectives of Departmental Account
- Advantages of Departmental Account
- Procedures of allocating expenses and Income
- Format of Departmental Account
- Illustration on Departmental Account
- Solution to Illustration
Lesson Content
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