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.

WATCH GUYZ.

9:28 am    No comments

Hey Guyz, Happy Day to learn and have fun don't you think?  Well today we are doing something different. we are not discussing any topic or subject. I came across this video on Youtube and thought of you guyz. so please take just 2mins to sit down and intensively watch this video and i pray that the Grace of God to be doers of the instructions imbeded in this video be released upon you. Have FUN.



Until we meet again, remain ever blessed, Remember you are for SIGNS & WONDERS. God bless you.

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FINANCIAL ACCOUNT 101.

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  ILLUSTRATION ON PETTY CASH BOOK CONTD.

Hey Guys, Happy Thursday. It’s a Beautiful Day to see. It’s such a privilege to see such a day, let alone be well enough to learn and improve one’s self. For that God deserves Praise. Well today we will take one more example on PETTY CASH BOOK in order to fully understand it.
ILLUSTRATION:
Charles Limited operates a Petty Cash book on the imprest system with a cash float of N 300. The following transactions took place in November 2003.
Nov 2- Envelopes N4.
Nov 3- Petrol N16.
Nov 4- Postage N7.
Nov 5- Petrol N18.
Nov 7- Cleaning N20.
Nov 9- Stationery N21.
Nov 10- Michael N19.
Nov 12- Stamp N10.

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FINANCIAL ACCOUNT 101.

10:53 am  ,  No comments



PETTY CASH BOOK.
Hello Everyone, it’s a New Day to learn and have fun. We are focusing on the above mentioned topic today. Guyz, am new at this so don't mind the awkward tables drawn for yesterday's topic.
Petty Cashbook is the book for recording small expenses. For example- Postage, Stationery, Transport etc. The system for recording petty cash transactions is called IMPEST SYSTEM. In this system, a specific amount is given to cashier to start off accounting period. This specific amount is called CASH FLOAT. The source document for petty cashbook are involved receipts and vouchers.
PROCEDURES OF PETTY CASHBOOK.
1. Cash float amount.
    Credit Cash book.
    Debit petty cashbook.
2. Ruling the petty cashbook.
    Credit side is wider than debit side.
    Credit side is analysis column which must not be totaled intervals and the total transferred to respective nominal ledger.
3. Reimburse the petty cash every week or month using the imprest system to bring the amount back to the formal account.
ILLUSTRATION:
Stanley Limited operates a Petty Cash Book on the Imprest System. The following transactions took place in June 1990.
June 1- Received from Cashier N3,000.
June 2- Postage N180
June 3- Traveling N120

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