Overview
Distinguish between Book-keeping and Accounting. Discuss the History of Accounting. State the importance of Book- keeping and Accounting. Identify the various Accounting bodies in Nigeria.
What you'll learn
- Definition and meaning of Book- keeping and Accounting.
- History of Accounting in Nigeria.
- - Origin
- - Accounting as a profession
- - Future prospects.
- The need for Book- keeping and Accounting
- - Keeping of Accounting records as the soul of the business.
- - Valuation of stock
- - Valuation of assets.
- - Determine debtors and creditors
- - Conservation of assets.