FINANCIAL ACC 101

PETTY CASH BOOK

Hey Guys, It's a New Day again, hope your day yesterday was awesome cos mine was.  Well for today we are beginning this course afresh like the others we are revisiting what we have treated in order to better digest it.

Petty Cashbook is the book for recording small expenses. The rational behind the system is to reduce the numerous cash payments for small expenses. Example- Postage, Stationery, etc. The System for recording petty cash transactions is called Imprest 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 documents for petty cash book are involved receipts and vouchers. At frequent intervals he must be reimbursed for the cash disbursed for the period concerned thus bringing the cash balance to the formal amount.

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COMMERCE 101

FOREIGN TRADE

Hey Guyz, Alot has happened let me gist you. Lolz. So it's been a while since I posted and thats because I was concluding plans to launch my second blog, this one would be a personally-run blog no other Authors and it's so exciting. I will release more info when its ready. That aside, well we know some of you would like to have other subjects/courses covered on this site so we have been searching for the right Candidates for these Positions and GOOD NEWS!!!, we found someone. She has been a friend for a while now and she would be taking ENGLISH LANGUAGE, CRK & GOVERNMENT watch out for her posts she would soon be posting on this blog. Just check out the tabs on the top of the page with the names of the subjects- plans are still on the way to get more Authors to take other Subjects especially for my Science Peepz. You are special and we are working hard at finding suitable Authors for your Courses, pls exercise a little more patience which we know you have already been doing but still a little more.  To crown our gist, we are now a .com site no longer a .blogspot.com- did you notice, even though you type the .blogspot.com address on your browser it redirects you to our new site name which is- edu-made-easy.com. Hurray!!!!. it has been a desire that we reduce the stress of typing in our long name -lolz so we made it shorter without losing the essence and

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ECONS 101

BUSINESS ORGANISATIONS

Hey Everyone, Happy New Week. Happy FRIDAY to you all. Hope this weekend brings you happiness and joy beyond your expectation. Let's get started!!!!

Business Organisation can be defined as an enterprise set up by an individual/group of individuals, government or its agencies for the main purpose of making profit and providing goods and services for the satisfaction of human wants. All firms irrespective of their size is there to provide goods & services to the customers.

TYPES OF BUSINESS ORGANISATIONS:

1. PRIVATE ENTERPRISES are the enterprises owned and managed by private individuals. This type of business organisation is usually classified as a private sector enterprises and examples are- Sole Proprietorship, Partnership, Private & Public Limited Liability Company and Co-operative Societies. Their Major Aim is to Maximise Profits.

CHARACTERISITICS OF PRIVATE ENTERPRISES:

# Private Individuals provide the capital- Private Individuals that owned the enterprises are the people

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