COMMERCE 101

           DIVISION OF LABOUR Hey Guyz, Happy Monday. It's a new Month, MARCH is here. 2015 is really fast, don't you think? Well am just glad we all made it, so many pple have already lost their lives and we aren't better than them at all, God is just Faithful always. So today we are on a New Topic, New Month New Topic. So Let's get started! Division of Labour is the co-operative specialization of labour. It dates back to as early as the start of civilization and was practiced by the Sumerians to group...

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ECONS 101

 BASIC ECONOMIC PROBLEMS IN THE SOCIETY Hey Guyz, Happy Friday. We made it to the last Friday of the month of February!!!. It’s such an honour to be ALIVE, don’t you think? So we didn't conclude the Topic- Basic Economic Problems- below is the conclusion of that topic. Pls Enjoy !!!. FACTORS DETERMINING WHAT TO PRODUCE: 1.     Market Demand- The demand of a particular set of goods and services by customers may encourage producers to produce more of these goods and services. No producer will ever produce...

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FINANCIAL ACC 101

SUBSIDIARY BOOKS CONTD Hey Guys Welcome, hope you tried out what we learnt on your own? The key to being the best is practice, so practice as much as you can. Today we are going to continue from where we stopped.                     RETURNS INWARD JOURNAL. It is otherwise called SALES RETURN JOURNAL, and is used to record goods previously sold but later returned to the supplier or seller by the customer, for wrong color, wrong type, inferior...

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COMMERCE 101

       TYPES OF INDUSTRIAL OCCUPATION Hey Guyz, Happy New Week, this is the last week in the month of February 2015, so congrats for making it. God Loves You. So today we are focusing on the continuation of what we did last week. Let's get started. # Constructive Industrial Occupation- This involves assembling of different parts together to get one product. It may be an Automobile or a Bridge or even a shoe. It deals with bring different parts together to form one thing. 2. SERVICE This has to do with providing anything...

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ECONS 101

BRANCHES OF ECONOMICS. Hey Guyz, Happy Last day of the week. Happy Friday, It’s a beautiful day don’t you agree?. Am just too grateful for life and Beauty.  Let’s get straight to work. Economics can be grouped into two major groups namely: Micro- Economics and Macro- Economics. MICRO-ECONOMICS. Micro- Economics refers to the branch of economics that deals with smaller units/components of the economy. It is the branch of economics that studies the economic actions of individuals, firms and governments. It relates to cost, output, production, pricing...

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FINANCIAL ACC 101

THE ACCOUNTING EQUATION & INTRODUCTION TO THE BOOKS OF ACCOUNT. Hey Guys, today is a new day and we are going to have fun on the above mentioned Topics. The Accounting Equation is the Fundamental Equation of the entire financial account. In order words, it the beginning of all equations in account as a whole, the Foundation. 1.     Assets are properties of a business. They are things owned by a business and are expected to be of Future Benefit. For example, Motor Van, Furniture & Fitting, Stock etc. 2.     Capital is the...

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COMMERCE 101

OCCUPATION Hey Guys, Happy New Week. Okay this past Saturday was VALENTINE'S DAY. So this is Edu-Made-Easy Blog Crew wishing you a Happy Belated Valentine's Day.... LOLZ, So back to business. We ended our Commerce 101 Session last week with some WAEC {West Africa Examination Council} Questions which are repeated below along with the correct answers to them. These Questions are to help Simplify the process of Understanding and Learning this...

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