COMMERCE 101

SOLE PROPRIETORSHIP Hey Everyone, Happy New Week. This week shall bring Good News for everyone of us in Jesus name- Amen. so let's get started....  A Sole Proprietorship may be defined as a business organisation established, owned, financed and controlled by one person with the arms of making profit. This form of business unit is one of the oldest type of business organisation owned by individuals. In other words, it is a type of business unit in which one person provide the capital, bear the risk and takes full responsibilities of...

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ECONS 101

PRIVATE LIMITED LIABILITY COMPANIES Hello Readers, How are you all today? It's Beautiful to be here with y'all doing this now and being a source of help to you all. I thank God everyday for meeting you all and being able to write to you and generally interact with you all. Let's Get Started..... A Private Limited Liability Company is defined as one which by its articles restricts the rights to transfer its shares, limits the number of its shareholders from two to fifty, prohibits any invitation to the public to subscribe for its shares,...

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FINANCIAL ACC 101

TRIAL BALANCE QUESTION Hey Everyone, Hope the week is going well? It Is Well with You in Jesus Name- Amen. Today we are continuing from where we stopped last week and we are taking one more question on this topic to be more grounded in it. Let's get started.... ILLUSTRATION 2: Enter the Transactions in the books of the following details for the month of January and extract the Trial Balance as at 31st June 1996. Jan 1- Started Business with N7, 000 in cash. Jan 2- Paid N3, 500 of the opening cash into bank account. Jan 3- Bought goods...

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