Page 3 - Book-keeping for Secondary Schools Student’s Book Form One
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Table of Contents
List of figures ..........................................................................................................vi
Acknowledgements ................................................................................................vii
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Preface .....................................................................................................................viii
Chapter One: Introduction to Book-keeping ......................................................1
Concept of Book-keeping ........................................................................................1
Importance of Book-keeping ...................................................................................4
Accounting process or accounting cycle ..................................................................5
Types of Book-keeping methods/systems ................................................................7
Common terms used in Book-keeping .....................................................................8
Relationship between Book-keeping and other disciplines .....................................11
Summary ..................................................................................................................12
Revision exercise 1 ..................................................................................................13
Chapter Two: Basic principles of Book-keeping .................................................14
Accounting principles and assumptions ...................................................................14
Relevance of accounting concepts and principles in Book-keeping ........................22
Summary ..................................................................................................................23
Revision exercise 2 ..................................................................................................24
Chapter Three: Application of the double entry system ....................................25
Accounting equation ................................................................................................25
Types of Book-keeping accounts .............................................................................27
Statement of affairs ..................................................................................................28
Concept of double entry ...........................................................................................34
Summary ..................................................................................................................40
Revision exercise 3 ..................................................................................................41
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Book Keeping Form 1 New 2024 FINAL.indd 3 18/10/2024 10:14
