Page 5 - Accountancy_F5
P. 5
Chapter summary .................................................................................................. 67
Revision exercise .................................................................................................. 68
Chapter Three: Payroll accounting ....................................................................... 73
Concept of payroll accounting .............................................................................. 73
Methods of employee’s remuneration .................................................................. 75
FOR ONLINE READING ONLY
Employee’s earnings/compensation ..................................................................... 75
Calculations of various deductions from employee’s pay .................................... 80
Preparation of payroll accounts ............................................................................ 89
Chapter summary .................................................................................................. 94
LANGUAGE EDITING
Revision Exercise ................................................................................................. 94
Chapter four: Investment Accounting .................................................................. 97
Meaning of investment and other associated terms .............................................. 97
Major categories of investments .......................................................................... 98
Definition, nature and characteristics of financial assets investment ................... 99
Types and importance of financial assets investment ......................................... 101
Importance of financial assets investment in business undertaking ................... 103
The procedures for purchasing and selling financial assets in Tanzania ............ 103
Investment in shares and their accounting treatments ........................................ 104
Acquisition and disposal of ordinary shares under different quotations ............ 109
The treatment of year-end entries ....................................................................... 121
Chapter summary ................................................................................................ 123
Revision exercises ............................................................................................. 123
Chapter five: Branch accounting ......................................................................... 126
Nature and meaning of branch accounts ............................................................. 126
Non-autonomous or integrated branches ............................................................ 128
Transactions and accounts when non-autonomous branches are used ............... 129
Autonomous branches/independent branches ................................................... 144
Items in transit .................................................................................................... 149
Chapter summary ................................................................................................ 153
Revision exercises ............................................................................................. 154
Student’s Book Form Five
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