f 05/15/14 ~ EDU-MADE-EASY BLOG

Education is an ornament in prosperity and a refuge in adversity.

It is as impossible to withhold education from the receptive mind as it is impossible to force it upon the unreasoning. - Agnes Repplierg

Education aims to give you a boost up the ladder of knowledge.

Educating the mind without educating the heart is no education at all. - Aristotle

He who opens a school door, closes a prison.

If a man empties his purse into his head, no man can take it away from him. An investment in knowledge always pays the best interest. - Ben Franklin

To the uneducated, an A is just three sticks.

To teach a man how he may learn to grow independently, and for himself, is perhaps the greatest service that one man can do another.

If you think education is expensive, try ignorance.

Education is what remains after one has forgotten what one has learned in school.

FINANCIAL ACC 101.

TRIAL BALANCE EXERCISES.

Hey Guyz, Happy Thursday to you all. It’s almost the end of the week again wow, have you guyz noticed at all how quickly time flys. Hmmm it is well.
Today we are back to Acc 101 with one more illustration on Trial Balance, so let’s get started.
ILLUSTRATION:
Enter the following in the books, balance off and extract a trial balance for the month of March 1994.
March 1- Started business with N 15,000 in the bank and N 7,650 cash in hand.
March 2- Put N 650 of the cash into bank account.
March 3- Bought Goods on credit from: Ayo N 200, Aina N 300, Bikiya N 170, and Timi N 135.
March 4- Cash Sales N 500.
March 5- Bought Machinery by cheque N 700.
March 7- Bought goods for cash N 1,000.
March 9- Paid Insurance by Cash N 60.
March 11- Paid Wages by cheque N 300.
March 13- Received Loan from Ojo by cheque N 620.
March 15- Goods sold on credit to: Dapo N 300, Femi N 65, Kunle N 120, and Gbenga N 120.