INTRODUCTION TO CHEMISTRY

Today, we are going to start with CHEMISTRY. Before we proceed, its important you understand the basic fact about the subject. As one of the science subjects, CHEMISTRY can be seen as a science that deels with the study of the composition,properties and uses of  matter.Its a subject that explains how living and non-living things exists. It ranges from SOLID, LIQUID and GAS. We are going to stop here for now....!!...

Read More

NEW

Hi friends am happy to be part of this wonderful blog. Happy Blogging...........!!!!!!!!...

Read More

FINANCIAL ACCOUNT 101.

                 THREE COLUMN CASHBOOK.                                                                                                                                      ...

Read More

FINANCIAL ACCOUNT 101.

                 TWO COLUMN CASHBOOK. Hey Guys, Happy Wednesday. It’s a new day to live and learn, and we are continuing our previous topic on Cashbook. So sit back, relax and gain knowledge today. Two Column Cashbook is a combination of the Cash Account and Bank Account for the sake of convenience. There are separate columns for Date, Particulars, Folio, Cash and Bank on both the Debit and Credit sides. Cash Column: contains cash receipts and payments. Bank Column: contains all payments made...

Read More

FINANCIAL ACCOUNT 101.

PRINCIPAL OF DOUBLE ENTRY- SINGLE COLUMN. Hey Guys, Happy Monday!!! Hope you enjoyed your weekend, cos I did. Any way its Monday again and we are here to learn something new. So let’s get started. LEDGER is the final destination of all transactions in the subsidiary books (that is the sales day book, purchases day book etc). It is the most important book of account because it is the book that contains permanent records of all Transactions in a summarized and classified form. Transactions are recorded here, using the Double Entry System of...

Read More

COMMERCE 101.

             CLASSIFICATION OF RETAIL TRADE. Hey Guys, we are here again to learn study, understand and have fun. Let’s get straight to the matter at hand.                                              RETAIL TRADE          SMALL SCALE TRADE                    LARGE SCALE TRADE          -HAWKING...

Read More

COMMERCE 101.

                                       HOME TRADE. Hey Guys, New Day New Things and we are here to learn and understand. Let’s get started on our topic. HOME TRADE is the act of buying and selling goods within a country. It is also known as DOMESTIC or INTERNAL TRADE. In this Home Trade the same currency is used for exchange. Home Trade comprises of: 1.      Retailing. 2.     Wholesaling. RETAIL...

Read More

COMMERCE 101.

                                  EXCHANGE. Hey Guys, It’s a new day to live, learn and make decisions. You have made the decision to learn today and you will not regret it because we are discussing the topic above, so sit back relax and let’s learn today. EXCHANGE is the process of giving out value in order to have something of value in return. In the olden days Batter was the main system of exchange i.e. good for good, but nowadays one exchange money...

Read More

COMMERCE 101.

                       DIVISION OF LABOR. Hey Guys, A New Day it is to learn, understand and to live. Gratitude should Therefore go to God for the Grace to see this day. Today we are concentrating on the above mentioned topic. Division of Labor is the breaking down of  Production process into smaller duties, in order for it to be performed by more than one person and in a faster way. In Order words, when work is shared among...

Read More

FINANCIAL ACCOUNT 101.

MORE ILLUSTRATIONS ON THE SUBSIDIARY BOOKS. EXAMPLE 1: Write up the purchases journal of Jason & sons, and post to the ledgers for the month of Sept 2013. Sept 10-Bought from Coca cola, 12 crates of coke @ N250 each and 5 crates of Fanta @ N150 each. Trade Discount of 20%. Sept 12-Bought from PZ Ltd, 140 bags of flour @ N20 each and 400 bags of sugar @ N5 each. Trade Discount of 10%. Sept 14-Bought from Samsung, 2 sets of IPads @ N500 each and 3 sets of LCD TV’S @ N650 each. Trade Discount of 15%. Sept 16-Bought from Drumsticks...

Read More

FINANCIAL ACCOUNT 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 Yesterday.                     RETURNS...

Read More

COMMERCE 101

                                     PRODUCTION. Hey  Guys, Today is a new day. We are going to learn something new. We are focusing on the above mentioned topic today, so sit back, relax and learn something today. PRODUCTION. Production is any activity engaged in to create goods and services, and to distribute these goods and services till it reaches...

Read More

FINANCIAL ACCOUNT 101

THE ACCOUNTING EQUATION & INTRODUCTION TO THE BOOKS OF ACCOUNT. Hey Guys, Happy Eid-El-Kabir Celebration. Today is a new day and we are going to have fun on the above mentioned Topics. THE ACCOUNTING EQUATION. 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,...

Read More

FINANCIAL ACCOUNT 101.

         INTRODUCTION TO ACCOUNTING. Hey Guys, we are starting a new Subject Today. For the Commercial Class People, other subjects will be introduced as time goes on, so sit back and enjoy. WHAT IS FINANCIAL ACCOUNTING?    Account can be as the Recording, Classifying, Creating, Summarizing and Communicating of Financial Information to interested Parties, to help in making specific Business Decisions. In Order words, it includes all processes involved in preparing a Financial Document. Book...

Read More

COMMERCE 101.

               OCCUPATION & CLASSIFICATIONS. Hey Guys, Hope you all had a Wonderful weekend? Cos I did, it’s still good to be back today. So let’s get started on our topics for today. OCCUPATION:       Occupation is any Economic Activity which people engage in, to create Goods & Services in order to make a Living. In Order words, what a person engages in, to make money as a Salary or Wage. For example, Teaching by Teachers, Banking...

Read More

COMMERCE 101.

                        FOREIGN TRADE & AIDS TO TRADE.       Hey Everyone, Its Been a while-Right?. I know and am sorry it took this long to post again. It’s just that when you start something NEW, you face a lot of oppositions, but not to worry am here now and we will pick up from where we stopped. So we stopped at Home Trade, Today we continue from FOREIGN TRADE. FOREIGN TRADE: Foreign Trade...

Read More

COMMERCE 101.

               INTRODUCTION TO COMMERCE, TRADE & HOME TRADE. Hey Guys, Today we will be talking about Commerce. Commerce is all about Production, Distribution & Exchange of Goods & Services. In Order words, it concerns all activities that make Trade & Aids to Trade possible. SCOPES OF COMMERCE. Scopes are areas associated with commerce as a whole,they include: 1. Trad...

Read More

WELCOME !!!!!!!!!!

ITS MY FIRST DAY OF BLOGGING. This Has Been My Dream For Sometime Now, I Have Always Been Saving Till When I Felt I Would Have Had All I Need To Start Up But The Truth Is. When You Keep Procrastinating, You Might Never Fulfill Your Dream. So This Is Me Starting This Blog With What I Have Right Now & Hoping That You Like It All The Same. SO HAPPY FIRST DAY OF BLOGGING !...

Read More