## YHWH HAMASCHIAC School, First/Christmas Term, SS3 Bookkeeping, Interpretation of Account Lesson1

Accounting Interpretation     What Is an Accounting Interpretation? An accounting interpretation is a statement, issued by accounting standards bodies, clarifying how existingÂ accounting standardsÂ should be applied. Interpretations are generally not requirements, but rather outlineÂ best practicesÂ and provide further explanation. KEY TAKEAWAYS An accounting interpretation is a statement issued by an accounting board clarifying how ….  Read More

## YHWH HAMASCHIAC School, First/Christmas Term, SS3 Book-keeping, Interpretation of Accounts, Lesson 2. 2021/2022 Session.

Â  Â  Â  Â  Â  Â  Â  Interpretation of Account     Interpretation Of Accounts Account interpretation is a process of analyzing accounts in detail to determine the business activity that has been recorded in it for a particular accounting period. Information obtained from account interpretation is important for management to plan and ….  Read More

## YHWH YESHUA HAMASCHIAC School , SS3 First/Third Term Bookkeeping, Lesson 3, Interpretation of Account: Purpose & Computation of Ratios. 2021/ 2022 Session.

Lesson 3, Interpretation of Account: Purpose & Computation of Ratios. 2021/ 2022 Session.     Overview of Ratio Analysis   Classification Ratio analysis consists of calculating financial performance using five basic types of ratios: profitability, liquidity, activity, debt, and market. LEARNING OBJECTIVES Classify a financial ratio based on what it measures in a ….  Read More

## YHWH YESHUA HAMASCHIAC School , SS3 First/Third Term Bookkeeping, Lesson 4, Interpretation of Account: Net Profit/Income Margin. 2021/ 2022 Session.

Â  Â  Â  Â  Â  Â  Â  Â  Â  Â  Â  Â Net Profit or IncomeÂ  Margin What is Net Profit Margin? Net Profit Margin (also known as âProfit Marginâ or âNet Profit Margin Ratioâ) is aÂ financial ratioÂ used to calculate the percentage of profit a company produces from its total revenue. It measures the amount ….  Read More

## YHWH YESHUA HAMASCHIAC School, SS3 First/ Christmas Bookkeeping, Lesson 5. Interpretation of Account. Stock Taking.

and computation of ratios: â net profit margin; â stock turnover; â quick ratio; â acid test ratio; â gross profit margin; â return   While we study the accounts andÂ financial statementsÂ of an entity, we can gauge its current financial position. But can you tell theÂ efficiencyÂ of the firm by just looking at the accounting ….  Read More

## YHWH YESHUA HAMASCHIAC School, SS3 First/ Christmas Bookkeeping, Lesson 6. Concepts and Conventions. 2021/2022.

Â  Â  Â  Â  Â  Concepts and Conventions       Accounting is both aÂ scienceÂ and an art. And just like all other streams of science, even in accounting certain rules are followed. Also, accounting is based on certainÂ assumptionsÂ as well. We call these accounting concepts or accounting concepts and principles. Let us study accounting ….  Read More

## YHWH YESHUA HAMASCHIAC School, JSS3 First/YHWH YESHUA DAY(Christmas) CA/Test, Bookkeeping. 2021/22.

CA/Test, Bookkeeping Time: 2hours:30mins Section A 1. Explain briefly, what you understand by “Accounting Interpretation.” 2. Differentiate between accounting interpretation and accounting standards Section B 1. What is a net profit margin? 2.Company XYZ and ABC both operate in the same industry. Which company has a higher net profit margin? .Â

## YHWH YESHUA HAMASCHIAC School, YHWH YESHUA HAMASCHIACâS DAY #Christmas/First Term, Bookkeeping, Lesson 7. Books of Original Entry in Bookkeeping/Account. 2021/2022

The art ofÂ accountingÂ and its related study is a very interesting and vital component of maintainingÂ accounts. The books ofÂ double entryÂ hold a very vital and important role in the preparation of accounts. It is because of these books that anÂ accountantÂ is able to compileÂ financialÂ data about aÂ firm. To understandÂ accounting treatments, let us read further.

## YHWH YESHUA HAMASCHIAC School, YHWH YESHUA HAMASCHIACâS DAY #Christmas/First Term, Bookkeeping, Lesson 8. Books of Original Entry in Bookkeeping/Account: General Ledger..2021/2022

Length: 0 minutesAuthor: Adaokwu Ihenacho Emenike

General Ledger     The general journal is part of theÂ accounting bookkeeping system. When an event occurs we need to record it. We call this event a transaction and record it in a special journal or in the general journal. There are four journals specifically, which record transactions of a similar nature. Their ….  Read More

## YHWH YESHUA HAMASCHIAC School, YHWH YESHUA HAMASCHIACâS DAY #Christmas/First Term, Bookkeeping. Area of Concentration. 2021/2022

Area of Concentration -Interpretation of account -Books of original entry -Accounting concepts/convention

## YHWH YESHUA HAMASCHIAC School, SS3 YHWH YESHUA HAMASCHIACâS DAY #Christmas/First Term, Bookkeeping Examination. 2021/2022 .

SS3 Bookkeeping Examination.   Time: 2 hours. Answer All Questions in section A, Attempt 2 questions in section b. Section a What is an Accounting interpretation? 1b. List 3 types of accounting ratio Define The term “Book of Original Entry” 2b. List 4 books original entry 3. Differentiate between accounting interpretation and accounting ….  Read More

## YHWH YESHUA HAMASCHIAC School, Second/Resurrection( Easter) Term, Bookkeeping, Lesson 1. Books of Original Entry in Bookkeeping/Account: A Compound General Entry. 2021/2022

Length: 0 minutesAuthor: Adaokwu Ihenacho Emenike

A Compound General Entry   A compoundÂ journalÂ entry is an entryÂ in which there is more than one debit, more than one credit, or more than one of both debits and credits. It is a combination of several simpleÂ journal entries.   We record some transactions which are inter-connected and take place simultaneously by means of ….  Read More

## YHWH YESHUA HAMASCHIAC School, Second/Resurrection( Easter) Term, Bookkeeping, Lesson 2. Books of Original Entry in Bookkeeping/Account: Cash Journal. 2021/2022

Length: 0 minutesAuthor: Adaokwu Ihenacho Emenike

Cash Journal: Posting from Journal and Cash Book. During the preparation of accounts, an accountant is required to post various entries from various journals and cash books to the ledger accounts. Let us take a look at the process of posting such journal entries from the books of accounts in various ledgers. ….  Read More

## YHWH YESHUA HAMASCHIAC School, Second/Resurrection( Easter) Term, Bookkeeping, Lesson 3. Books of Original Entry in Bookkeeping/Account: Cash Book; Single and Double. #IGCSCE 2021/2022 Em

Length: 0 minutesAuthor: Adaokwu Ihenacho Emenike

Cash Book: Single, Double and Three Column Cash Book.     A cash book is like a subsidiary book. It is a special book that will record only one type of transactions, that is, cash transactions. In an organization thousands of cash transactions occur in a year, and journalizing them all is tedious ….  Read More

## YHWH YESHUA HAMASCHIAC School, Second/Resurrection( Easter) Term, Bookkeeping. CA Test 1. 2021/2022.

Length: 0 minutesAuthor: Adaokwu Ihenacho Emenike

YHWH YESHUA HAMASCHIAC School, Second/Resurrection( Easter) Term, Bookkeeping. CA Test 1. 2021/2022.   SS3 Bookkeeping CA Test 1. Time: 1 hour. Answer all your questions carefully In THE GREAT NAME Of THE YHWH HAMASCHIAC.     what is a compound journal entry? 1b.Â Journalise the following transactions below:     2016 March 2 Commenced business ….  Read More

## YHWH YESHUA HAMASCHIAC School, SS3 Second/Resurrection( Easter) Term, Bookkeeping. CA Test 1. 2021/2022.

Length: 0 minutesAuthor: Adaokwu Ihenacho Emenike

SS3 Bookkeeping CA Test 1. Time: 1 hour. Answer all your questions carefully In THE GREAT NAME Of THE YHWH HAMASCHIAC.     what is a compound journal entry? 1b.Â  Journalise the following transactions below: 2016 March 2 Commenced business with cash 2,50,0000 March 4 Purchased furniture for cash 20,0000 March 4 Cash purchases ….  Read More

## YHWH YESHUA HAMASCHIAC, SS3 Second/Resurrection Term Bookkeeping, Lesson 4. Revision on Cashbook: Solved Examples on Different Types of Cashbook. WAEC, IGCSCE, TOFEL ETC.2021/2022.

Length: 0 minutesAuthor: Adaokwu Ihenacho Emenike

Solved Examples on Different Types of Cashbook. #revision     Audio Lesson     In our last lesson, weÂ  learnt the theoretical aspects of diverse cash books, from petty to three column cashbook. Today, i will be carrying you throughÂ  the practical accounting exercise. watch this too on videoÂ  embed below.   The ….  Read More

## YHWH YESHUA HAMASCHIAC, SS3 Second/Resurrection Term Bookkeeping, Lesson 5. Revision on Cashbook: Solved Examples on Different Types of Cash book; Double Column Cashbook. WAEC, IGCSCE, TOFEL, Etc. 2021/2022.

Length: 0 minutesAuthor: Adaokwu Ihenacho Emenike

Revision on Cashbook: Solved Examples on Different Types of Cashbook; Double Column Cashbook.   In our Lesson 4 revision, we treated Single column cash book. Today, in our lesson 5, we will be treating Double Column Cash Book.   Audio Tutorial     TheÂ double column cash bookÂ (also known asÂ two column cash book) has ….  Read More

## YHWH YESHUA HAMASCHIAC, SS3 Second/Resurrection Term Bookkeeping, Lesson 6. Revision on Cashbook: Solved Examples on Different Types of Cash book; triple/three Column Cashbook. WAEC, IGCSCE, TOFEL, Etc. 2021/2022.

Length: 0 minutesAuthor: Adaokwu Ihenacho Emenike

Revision on Cashbook: Solved Examples on Different Types of Cash book; triple/three Column Cashbook.     TheÂ triple column cash bookÂ (also referred to asÂ three column cash book) is the most exhaustive form ofÂ cash bookÂ which has three money columns on both receipt (Dr) and payment (Cr) sides to record transactions involving cash, bank and ….  Read More

## YHWH YESHUA HAMASCHIAC, SS3 Second/Resurrection Term Bookkeeping, Lesson 7. Revision on Cashbook: Solved Examples on Different Types of Cash book; The Petty Cashbook. WAEC, NECO, Etc. 2021/2022.

Length: 0 minutesAuthor: Adaokwu Ihenacho Emenike

The Petty Cashbook.   Besides maintaining a main or generalÂ cash book, many companies also maintain a small cash book known asÂ petty cash bookÂ to record small day to day expenditures of the business.   Petty cash book is a type of cash book that is used to record minor regular expenditures such as office ….  Read More

## YHWH YESHUA HAMASCHIAC, SS3 Second/Resurrection Term Bookkeeping, Lesson 8. The Ledger. WAEC, NECO, Etc. 2021/2022.

Length: 0 minutesAuthor: Adaokwu Ihenacho Emenike

The ledger and The Principles of Double Entry.     Ledger Account Meaning Ledger Account is a journal in which a company maintains the data of all the transactions and financial statement. Companyâs general ledger account is organized under the general ledger with the balance sheet classified in multiple accounts like assets, Accounts ….  Read More

## YHWH YESHUA HAMASCHIAC, SS3 Second/Resurrection Term, Mock Senior WAEC Examination, Bookkeeping. 2021/2022.

Length: 0 minutesAuthor: Adaokwu Ihenacho Emenike

Â Mock Senior WAEC Examination, Bookkeeping.Â    Senior WAEC Book-keeping Accnts 2and1_November_2011 Students are advised to kindly open the above attached questions on bookkeeping, and answer the questions accordingly.   Goodluck in Our YHWH YESHUA HAMASCHIAC.