Double Entry Book-keeping

Overview

State the meaning of double entry book-keeping Analyze events and transactions using double entry system; Match every debit entry with corresponding credit entry Identify accounts to be credited and accounts to be debited Post from journals to ledgers Classify types of accounts

Lesson details

Class: JSS1
Subject: Business Studies
Theme: Book-Keeping And Business Success
Duration: 30:12

What you'll learn

Meaning of double entry Book-keeping
Double entry treatment of assets
Double entry treatment of liabilities
Double entry treatment of expenses
Meaning of journals
Meaning of Ledgers
Classes of ledger
Classification of accounts:
i. Real
ii. Nominal
iii. Personal
iv. Impersonal

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