Page 4 - Book-keeping for Secondary Schools Student’s Book Form One
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Chapter Four: Recording of business transactions ............................................44
Books of prime entry ...............................................................................................44
Source documents ....................................................................................................47
Preparation of books of prime entry ........................................................................54
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Summary ..................................................................................................................69
Revision exercise 4 ..................................................................................................70
Chapter Five: Ledgers ...........................................................................................75
Concept of a ledger ..................................................................................................75
Types of ledgers .......................................................................................................76
Posting entries to a ledger ........................................................................................80
Balancing of accounts ..............................................................................................99
Concept of normal balances .....................................................................................106
Summary ..................................................................................................................108
Revision exercise 5 ..................................................................................................108
Chapter Six: Trial balance ....................................................................................112
Concept of a trial balance ........................................................................................112
Preparation of a trial balance ...................................................................................114
Summary ..................................................................................................................125
Revision exercise 6 ..................................................................................................126
Chapter Seven: Basic financial statements ..........................................................131
Concept of financial statements ...............................................................................131
Types of financial statements ...................................................................................133
An income statement ................................................................................................134
A statement of financial position ..............................................................................142
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Student’s Book Form One
Book Keeping Form 1 New 2024 FINAL.indd 4 18/10/2024 10:14
