ECONS 101

STOCK & DEBENTURE

Hey Guyz, Happy New Week hope the weekend was wonderful for you and your loved ones. I had a Blast myself. I Pray that this new week brings all kinds of happiness and joy your way in Jesus name- Amen. We are continuing from where we stopped last time, so let's get started.....

Raising of Capital:

1. By Prospectus- By giving particulars of the company and its business, is published with application form. Shares are allotted to those who apply.

2. By Offer for Sale- The whole issue of shares is allotted to an issuing house (merchant bank, finance house) which offers them to the public by means of a document known as "Offer for Sale."

3. By Introduction- The company concerned can apply to the stock exchange for sales of its shares. There will be an offer to the public of a new issue of shares through the stock exchange.

4. By a Right Issue- When a Company is established, it may raise further capital by offering the shares concerned to existing members on favourable terms.

5. By Placing- This is a method of issuing securities through an intermediary such as a firm of stock brokers. The intermediary will Endeavour to place issue among its institutional

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FINANCIAL ACC 101

JOURNAL PROPER

Hey Guys, wats happening with y'all. Hows the week going, have fun and be positive. I know sometimes it is very difficult to be but if it helps remember that God loves you very much and his son shed his blood publicly to make sure you are free and happy- so don't let the enemy win, when you are unhappy and negative he is winning. If not for yourself at least to make sure he is not happy concerning you, stay positive cos whenever you are positive he is like a mad man roaming about in anger. So upset the enemy today, lolz. Halleluya- Jesus is indeed Lord forever more. Okay enough of that, let's get straight to work.

The Journal is a book of Prime entries into which Transactions are entered on a daily basis. In other words, It is a day to day book of all Business Transactions, where both aspects of Transactions are recorded in a chronological order and classified as debit and credit before they are posted to the ledger. The Journal has columns for Date, Particulars, Folio, Debit and Credit. The Entries are recorded along with an explanation of each showing the nature of the Transaction. This is referred to as Narration.

The Journal shows:                                   

i. The Date

ii. Account to be debited

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COMMERCE 101

MONEY

Hey Readers, How you doing y'all? lolz- how are you, your family, school, friends, even those people you don't like too much... I pray God brings Matchless Peace and Love your way and to everyone you are related to in Jesus Mighty Name- Amen. Today we are talking about the most wanted thing in the world-Money!!!. Lolz- Let's Begin....

Money can be defined as any medium of exchange which is generally accepted by the people, in payment for goods and services or settlement of debt and at the same time as a measure or stock of value.

Trade By Barter is a form of Trading in which goods are exchanged, directly for other goods without the use of money as an intermediary.

Problems of Trade By Barter:

a. Problems of Double Coincidence of Wants- This involves looking for someone who needs what you have, and at the same time has what you need.

b. No Fixed Rate of Exchange- Since no fixed amount is placed on a particular good, they is always a problem.

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