Syllabus content and objectives
Official JAMB Principles of Accounting outline · Section B: Stock, Control and Specialised Accounts
Contents / notes
- Meaning of incomplete records and single entry
- Differences between incomplete records and single entry
- Determination of missing figures
- Preparation of final accounts from incomplete records
- Conversion of single entry to double entry
Candidate objectives
- Understand and differentiate between incomplete records and single entry.
- Determine proprietor's capital using a statement of affairs.
- Determine sales, purchases, cash balances, debtors, creditors and expenses by converting single entry to double entry.
- Use Accounting equations and gross and net profit percentages to determine cost of sales, gross profit and net profit.
Practice Past Questions on this Topic
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