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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FINANCIAL ACC 101

    INTRODUCTION TO ACCOUNTING. 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. WHAT IS FINANCIAL ACCOUNTING?    Accounting is the art of Recording, Classifying, Creating, Summarizing and Communicating in a systematic manner, Financial Information to interested Parties, to help in making specific Business Decisions. In Order words, it includes...

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ECONS 101

  INTRODUCTION TO ECONOMICS Hey Guyz, This is our First Official Economics Post for 2015, So we are Excited!!!. We are going back to the Beginning, to the Basics to truly understand what Economics is all about. MEANING AND BASIC CONCEPTS. Economics in my own understanding is a social science that studies human beings and their behavior. Most especially, their behavior in relation to production, distribution of wealth and business. It is also concerned with the analysis and explanation and not mere descriptions, of why standards of...

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COMMERCE 101

                          DIVISION OF TRADE Hey Guyz, We are Back with the continuation of the Topic we started last week. Hope your weekend was splendid cos mine was... Well let's get right to business. 1. HOME TRADE We defined it in our last session and it is divided into: a.) Wholesale b.) Retail. a. WHOLESALE TRADE- It is the buying of goods in large quantity from Producers and selling of goods in large quantity to Retailers. For Example, A Huge Store Like Next In Abuja Nigeria...

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COMMERCE 101

                     INTRODUCTION TO COMMERCE Hey Guys, This Year we are going to run by the special Grace of God a three-days per week blogging schedule, where we will upload posts on only three days in the week. This is to ensure that we adequately prepare our posts and give attend to promoting this blog more and to increasing the traffic and page views of this blog per day and week. To all those that kept coming every day, week or month to read what we have posted throughout the year 2014, this...

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HAPPY NEW YEAR 2015

                                                                                                   HAPPY BELATED NEW YEAR                 I DON'T KNOW...

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