Topic 1: Subject Matter Of Book Keeping
a). Subject Matter of Book Keeping
i. Define book keeping
ii. Explain the role of Book-keeping
iii. Explain the concepts of business entity
Topic 2: Principles Of Double Entry System
a). Principles of Double Entry System
i. Describe what a business transaction is
ii. Analyses a business transaction
iii. Sort the changing values of things owned and owed
iv. Determine account balances
Topic 3: Classification Of Accounts
a). Classification of Accounts
i. Differentiate between personal and impersonal accounts
ii. Identify the possessions of the business
Topic 4: Trial Balance
a). Trial Balance
i. Define the Trial Balance
ii. Construct a Trial Balance
iii. Give the advantages and short falls of the Trial Balance
Topic 5: Stock
a). Stock
i. Distinguish between stock at start and stock at close
ii. Identify the treatment of stocks in the books of the business with particular reference to the final accounts
Topic 6: Elementary Trading Profit And Loss Accounts
a). Elementary Trading Profit and Loss Accounts
i. Describe what a Trading, profit and Loss account is
ii. Determine the Gross profit or Gross Loss
iii. Determine the cost of goods sold
iv. Determine the net profit and the net loss
Topic 7: Elementary Balance Sheet
a). Elementary Balance Sheet
i. Define the balance sheet
ii. Explain the Balance sheet Interpretation and Capital of the business