f 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.

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TRIAL BALANCE EXERCISE.

Hey Guys, Happy Tuesday Morning. How was your day yesterday, Hope wonderful? God is set to wow you this week in Jesus Mighty Name- Amen. Today we continue with trial balance in Acc. 101 fully buttress the steps involved in this account.
ILLUSTRATION:
Enter the transactions in the books from the following details for the month of August and extract a trial balance as at 31st Jan 1997.
Aug 1- Started Business with N 7, 500 in cash
Aug 2- Paid N 3, 500 of the opening cash into a bank account.
Aug 3- Bought goods on credit from Ajala N 135, Kayode N 115, Mark N 55.
Aug 4- Bought office equipment on credit from Ojo N 108.
Aug 6- Sod goods for cash N 501.

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ECONS 101.

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LABOUR.

Hey Guyz, Happy New Week and how was your weekend. Hope it was fun, Thank Jesus for the gift of Life and for Health. This week shall bring forth Good news for each and every one of us in Jesus name- Amen. Let’s get straight to work with Econs. 101.
Labour as a factor of production is defined as all forms of human efforts put into or utilized in production. It also refers to man’s mental and physical exertions generated in the process of production. The Rewards for Labour as a Factor of Production comes in form of WAGES & SALARIES.
TYPES OF LABOUR.
There are two main types of labour and they are:

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COMMERCE 101.

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MAIN DOCUMENTS USED IN FOREIGN TRADE.

Hey Guyz, Happy Friday to you all. Thank God its Friday feeling is in the air and once again we ought to be grateful to God for the precious gift of Life. THANK YOU JESUS. Let’s get started.
There are various documents which facilitate International Trade and they include the following:
1.     CERTIFICATE OF ORIGIN
This is a document that shows where goods come from or where it is manufactured. This document also enables the custom and excise authorities to determine the duties, the importer should pay on the goods because it attracts preferential duties. It must be signed by custom officers in the exporting countries.
2.     AIRWAY BILL
It is used when goods are been transported by air. It shows the name of the consignor/exporter, airport of loading, destination. It also shows the nature, weight, value of goods and the fright charged.

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