MEANING OF ADVERTISING Advertising means calling the attention of the members of the public (audience) to a product, service or idea in order to encourage them to buy.                  

FUNCTION/IMPORTANCE OF ADVERTISING

TOPIC: TRANSPORTATION Transportation is a means by which raw materials, finished goods and people are moved from one place to another. IMPORTANCE OF TRANSPORTATION IN COMMERCE Transportation helps to widen the market It encourages international trade It prevents wastage of perishable goods It helps to provide job opportunities It facilitates and quickening effective distribution of ….  Read More

TRANSPORT BY LAND – this is the movement of people and goods from one place to another either by road or railway. Transportation by land its divided into two: Transport by road – means carrying of goods and people from one place to another on road e.g motor vehicles. Trailer, buses, carts, bicycles etc. Advantages ….  Read More

COMMUNICATION   Communication may be defined as a means of sending and receiving information from one person to another or from one place to another. It connects buyers and seller together and also aid trade in commerce. Role of communication Communication provides quick means of sending and receiving information It enhances the spreading of information ….  Read More

ORAL COMMUNICATION – is communication by speech. It includes face to face conversations, phone calls, lectures, interview, meeting etc WRITTEN COMMUNICATION – involves writing e.g. letters, telex, memo, report, E-mail etc. Means of communication In the olden days, communication was carried out traditionally with the use of talking drum, town criers, metal gong, palm frond, ….  Read More

TOPIC: CONSUMER PROTECTION AND AWARENESS   CONSUMER PROTECTION A Consumer – is an individual who makes final use of goods and services Protection – is covering Consumer protection – is defined as various ways and methods adopted by the government and private organisation to ensure that consumers are not cheated by producers and middlemen and ….  Read More

: DOUBLE ENTRY BOOK KEEPING   Double entry is a system of book keeping in which transactions are recorded in both debit and credit sides of account. The principle of double entry system says “for every debit entry, there must be a corresponding credit entry”. It is the foundation of book keeping. Treatment of Asset ….  Read More

: TRIAL BALANCE A trail balance is a statement that shows the balances of all ledgers. It is the statement that shows both the debit and credit balances of the ledger. Its extracted before the preparation of final account to test the arithmetical accuracy of the ledger. Uses of Trial Balance Trial balance is used ….  Read More

______May be defined as business term or means or bringing the existence of new and old products in the market to the knowledge of the consumers. ___________provides information about the goods in the market  _________is a means by which raw materials, finished goods and people are moved from one place to another. __________is the movement ….  Read More

Rules for preparing Trial Balance Post all the items to the necessary ledger accounts Balance the ledger to extract their balances Rule your trial balance   Particulars Dr Cr   Any account without any balance should not be posted to trial balance because it has been closed If your debit side of the trial balance ….  Read More

_________ is used to test the arithmetical accuracy of ledgers _______are built underground and they are used to transport kerosene, petrol, water etc from one place to another. ____—–is a statement that shows the balances of all ledgers _____May be defined as business term or means or bringing the existence of new and old products ….  Read More

 BUSINESS STUDIES            CLASS: JSS 3   SCHEME OF WORK   WEEK TOPICS Personal Finance- Meaning, Source of Finance for Individual, Consumer and Choice, Scale of Preference. Modesty. Effects of   Living Modestly. Trial Balance. Trading Account. Profit and Loss Account Balance Sheet Procedure of Making Payment and Receipt. Erasing Techniques Using-Rubber, Correction Liquid, Correction Paper. Erasing ….  Read More

  Topic:  Personal Finance Content: Meaning of Personal Finance Sources of Finance for Individuals Uses of Personal budget Meaning of Scale of Preference Modesty and its Attributes   Personal finance means the ways an individual manages his personal money and other assets. An individual may obtain funds from the following sources: Personal savings Loans from ….  Read More

              OF PREFERENCE This is the arrangement of an individual’s needs in order of priority.]This means the most needed item comes before luxuries.   MODESTY Modesty is a situation whereby an individual lives within his/her income without being extravagant in spending. The attributes of modesty are the following: Living ….  Read More

TRADING ACCOUNT Content: Definition of Trading Account Purpose of Trading Account Terminologies Involved in the Preparation of Trading Account Working Exercise (Trading Account)   Definition of Trading Account: The Trading Account can simply be defined as an account prepared after the preparation of the trial balance in order to ascertain either the gross profit or ….  Read More

: BALANCE SHEET Contents: Definition, Heading, classification of assets into fixed and current assets and liabilities into capital and current liabilities. DEFINITION OF BALANCE SHEET Balance sheet can be defined as a statement showing the assets and liabilities of a business as at a given date. A balance sheet is not an account and so ….  Read More

The management of one’s personal money is termed as _____   A.  budget  B. scale of preference  C personal finance  D. consumption All these are sources of fund that may be available for an individual except____  A. loan from bank  B trade credit   C. issue of shares  D. personal savings The arrangement of needs in order ….  Read More

EVALUATION 1. What is personal finance? Define a budget READING ASSIGNMENT Business Studies for Junior Secondary Schools, Book 3 by O.A Lawal et al pages 94-97 GENERAL REVISION QUESTIONS What is an invoice? Give five items that can be contained in an invoice. Who issues an invoice? Differentiate between an invoice and a pro forma ….  Read More

EVALUATION State the rules of posting entries into the trial balance State two uses of a trial balance   READING ASSIGNMENT    Business Studies for Junior Secondary Schools, Book 3 by O.A .Lawal et al pages 60-71   GENERAL REVISION QUESTIONS What is a cash book? Mention the types of cash book. State the principle ….  Read More

BUSINESS STUDIES: MOCK EXAMINATION BECE Business Studies  JSS3 2018   Which of these is not a chain of distribution?A. Consumer B. Importer C. Producer D.Retailer  The means of conveying goods and people from one place to another is A. communication. B. information. C. production. D. transportation. The type of advertising used when new products are introduced ….  Read More