ACCOUNT SS1 SECOND TERM LESSON NOTE
ALL LESSON NOTES | QUESTIONS AND ANSWERS | JOBS | TRAININGS FOR TEACHERS | WORKSHEETS ACCOUNT SS1 SECOND TERM LESSON NOTE SS1 FINANCIAL ACCOUNTING SIGMA – TERM SCHEME OF WORK WEEK 1. Revision of 1 st term’s work 2. Partnership Accounts – Admission of new partners. Terminologies Goodwill accounts, valuation of assets, treatment of goodwill according to profit sharing ratio. 3. Dissolution of partners reasons for dissolution, entry requirements in closing the firm’s books of account (settlement account). 4. Accounting Ratio Introduction to ratio, types with working exercise. 5. Single entry/incomplete records – Determination of profit and loss from statement of affairs, preparation of trading, profit and loss accounts and Balance sheet from incomplete records. 6. ...