Ist CA Christmas Term Business Studies JSS1 1.Who is a Receptionist? 2. Enumerate 3 duties of medical receptionist 3. In your own words, outline 4 Qualities of a Receptionist and elaborate on two.  

    Lesson 3.   Topic: Telephone Etiquettes of a Receptionist . Communicating over the phone remains an important tool for businesses. Despite digital customer service communication advancements including email, texting and automated answering services, customers continue to use the telephone as their initial point of contact. Phone calls are often the first positive impression ….  Read More

    Items Found in the Reception and Documents Handled by The Reception Reception Area Requirements When thinking of the reception area, it helps to identify everything that happens there. It’s the place where visitors are first introduced to the business organization, where couriers fly in and out, where mail is delivered, where calls are ….  Read More

    YHWH HAMASCHIAC School Christmas Term Examination Class: Jss2 Subject: Business Studies. Section A. Answer 2 questions only. 1. Two documents handled by the reception are Appointment list and legal documents. True or false? 2. Briefly describe what you understand as a “Telephone Message Pad. 3. Where does a medical Receptionist work? a. List ….  Read More

Single Column Cash Book or Simple Cash Book. The single column cash book (also known as simple cash book) is a cash book that is used to record only cash transactions of a business. It is very identical to a traditional cash account in which all cash receipts are recorded on left hand (debit) side and all cash payments are ….  Read More

    Simple Cash Book   Introduction to  Cash Book In any business or organization, there are always many daily cash transactions. They may range from a handful to thousands in a day. So there is a separate cash book to keep track of the receipts and payments made in cash. Let us learn more ….  Read More

      Example of single column cash book: – Ex No. 1: – 01/04/17 Started a business with cash ₦ 50,000/- 04/04/17 Goods purchase worth ₦ 10,000/- 07/04/17 Rent paid for the building ₦1,000/- 09/04/17 Wages paid for ₦ 2,500/- 11/04/17 Sold goods worth ₦5,000/- 12/04/17 Purchase goods from Ram & sons ₦ 4,000/- ….  Read More

            Correction on Lesson 3 Assignment         Assignment   Mr. Y started the business with the capital of $ 50,000 on April 1, 2019. Out of the capital invested, $ 20,000 is deposited in the bank account on the same day. On April 19, he identified the ….  Read More

  Advantages of Double Entry Bookkeeping/ Sample Exercise     Advantages of Double Entry System This system increases the Accuracy of the accounting, through the trial balance device Profit and loss suffered during the Year can be calculated with details By following this system the company can keep the accounting records in detail which eventually ….  Read More

        Traditional Approach Financial accounts can be classified into two types of approaches. Firstly, according to the Traditional approach or the British approach. The other way is the Modern approach or the American approach. The Key concepts under the Traditional approach are personal and impersonal accounts which we will discuss further in here.   ….  Read More

                                      Double Column Cashbook: Traditional Approach versus Modern Approach.   Double column cashbook with contra entry. Traditional  Approach   Q. The book of Emeka’s enterprise as at 31st March 2020 1st March,Emeka commenced business with cash ₦500,000. ….  Read More

What Is a Commercial Bank? The term commercial bank refers to a financial institution that accepts deposits, offers checking account services, makes various loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses. A commercial bank is where most people do their banking. Commercial banks make money by providing and earning interest from loans ….  Read More

    YHWH HAMASCHIAC School, Jss2 Business Studies Examination, Easter Term,2021.       Time 2 hours Answer all questions   1. What Is a Commercial Bank? Briefly explain how commercial bank works 2b. In your own word, explain how commercial banks attract funds.   Prepare a double column cashbook with contra entry from the ….  Read More

  Lesson 1: History of Commercial Bank/ Savings Account.                                   What Is a Commercial Bank? The term commercial bank refers to a financial institution that accepts deposits, offers current account services, makes various loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts ….  Read More

                          Lesson 3                    Bank Statement  A bank statement is a document (also known as an account statement) that is typically sent by the bank to the account holder every month, summarizing all the transactions of an ….  Read More

                 Class: JSS2  Introduction to Loans and Overdraft.                   What is a Loan?  A loan is a sum of money that one or more individuals or companies borrow from banks or other financial institutions so as to financially manage planned or unplanned events. ….  Read More

         Trade Discount     A trade discount is the amount by which a manufacturer reduces the retail price of a product when it sells to a reseller, rather than to the end customer. The reseller then charges the full retail price to its customers in order to earn a profit on ….  Read More

                                               Insurance  Lesson outline: Meaning Terms used in insurance Types of insurance Risks that cannot be insured Advantages of insurance       What Is Insurance? Insurance is a contract, represented by a ….  Read More

                             Types of Insurance   While we usually can’t prevent the unexpected from happening, sometimes we can get some protection from The GREAT YHWH – JEHOVAH via insurance. Insurance is meant to safeguard us via The GREAT YHWH, at least financially, should ….  Read More

                         Important Insurance Terms Finding an affordable insurance, may be difficult, especially if there are insurance terms you don’t understand. Simply having the basic understanding of insurance vocabulary/terms and their definitions can make the difference between having a plan that will cover you for ….  Read More

    JSS2 Business Studies CA Test: Area of Concentration.   Commercial bank loans/overdraft    

    YHWH HAMASCHIAC SCHOOL, JSS 2 Spring/Third Term Business Studies, Continuous Assessment (CA) Test, 2021.     Time: 1hr :30 Mins   Instructions: attempt all questions.       1. Define the underlisted: ·      Commercial bank ·      Savings account     2.  Answer true or false from the under listed statement   Commercial banks ….  Read More

  Business Studies, Continuous Assessment  Test      Time: 1hr :30 Mins   Instructions: attempt all questions.       1. Define the underlisted: ·      Commercial bank ·      Savings account     2.  Answer true or false from the under listed statement   Commercial banks offer consumers and small to mid-sized businesses with basic banking ….  Read More

      Business Studies Examination, 2021.   Time: 2 hour   Instructions. Answer 4 questions   Define the following terms: 1. Deductible 2.policy limit 3.Premium.   4.When applying for loans, what are the three top most things to consider. 5. What is another name for trade discount. 6. What is life insurance?     ….  Read More