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

5:07 pm  ,  No comments


SOLUTION TO QUESTION 1.
Hey Guyz, Happy Thursday to you all. Wow, What a Beautiful Day, don’t you think. I Thank God for the Grace to see this day and to share it with you all, Beautiful in every right.
So hope you guyz were able to try out the questions I gave on yesterday? Any way today, we will provide the solution to the first Question. Here is the Question Below.
QUESTION 1:
You are required to enter up the following transactions for June 1999 in the books of Sharon Ltd. The accounts are then to be balanced off and a trial balance extracted as

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FINANCIAL ACC 101.

10:50 am  ,  No comments



MORE EXERCISES ON TRIAL BALANCE.

Hey Guyz, Happy Wednesday. Theres just this feeling of being in the middle of the week, it’s the feeling of Weekend is near. Do you feel it? LOLZ.
Today we are doing something a little bit different, Below are questions that I would love for you guyz and Gals to try out. It’s to improve on our knowledge of this topic and to be sure we totally got this. So Good Luck.
QUESTION 1:
You are required to enter up the following transactions for June 1999 in the books of Sharon Ltd. The accounts are then to be balanced off and a trial balance extracted as at 30th June 1999.
June 1- Sharon started business by depositing N 25, 000 in a bank a/c.
June 2- Bought motor van on credit from Bilikisu Enterprises N 3, 400.
June 3- Paid rent by

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FINANCIAL ACC 101.

12:31 pm  ,  No comments



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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