SS2 Accounting

1st, 2nd and 3rd term, SS2 Principles of Accounting

Practise for Exam/Quiz

  1. Manufacturing Account: Meaning/Definition
  2. Uses of Manufacturing Account
  3. Manufacturing Account: Terminologies Used
  4. Computation of: Cost of Raw Materials Available For Use, Cost of Raw Materials Consumed & Prime Cost of Production
  5. Preparation of Trading, Profit And Loss Account, Manufacturing Account, And Balance Sheet
  6. Transfer of Goods Manufactured From The Manufacturing Department To The Sales Department
  7. Account of Non-Profit Making Organization: Introduction
  8. Receipts And Payment Account: Features And Limitations
  9. Preparation of Receipts And Payment Account
  10. Income And Expenditure Account: Meaning
  11. Differences Between Receipts And Payment Accounts And Income And Expenditure
  12. Preparation of Income And expenditure account
  13. Differences Between Bank Statement And Reconciliation Statement
  14. Causes of Discrepancies Between Cash Book And Bank Statement
  15. Bank Reconciliation Statement: Preparation of Adjusted Cash Book
  16. Revisit Account Control: Sales Ledger Control Account
  17. Purchases Ledger Control Account
  18. Partnership Account: Meaning/Definition
  19. Partnership Account: Terminologies Used
  20. Partners’ Capital Account
  21. The Profit And Loss Account of Partnership
  22. Partnership Profit And Loss Account And Balance Sheet of Partners
  23. Partnership Account: Admission of New Partners - Meaning
  24. Reasons For Admission of New Partners
  25. Goodwill: Meaning
  26. Valuation of Goodwill
  27. Revaluation of Assets
  28. Preparation of Revaluation Account And Balance Sheet
  29. Dissolution of Partnership: Meaning
  30. Reasons For Dissolution of Partnership
  31. Dissolution Procedures
  32. Incomplete Records (Single Entry): Meaning/Definition
  33. Features of Single Entry
  34. Single Entry Disadvantages/Limitations
  35. Computation of Profits From Two Balance Sheets Showing The Opening And Closing Capital
  36. Incomplete Records: Preparation of Statement of Affairs - Calculation of Profit
  37. Conversion of Single Entry
  38. Interpretation of Accounts Using Simple Accounting Ratios Equity: Capital Employed
  39. Interpretation of Accounts Using Simple Accounting Ratios Equity: Working Capital
  40. Ratio of Working Capital To Capital Employed
  41. Ratio of Equity To Capital Employed
  42. Companies And Allied Matters Act 1990 Relating To Formation of Companies
  43. Terminologies Used In A Company Account
  44. Memorandum of Associations
  45. Articles of Association
  46. Types of Companies - Private Company: Definition And Features
  47. Types of Companies - Public Company: Definition And Features
  48. Distinctions Between Public And Private Companies
  49. Quoted Companies: Definition, Features, And Examples
  50. Unquoted Companies: Definition And Features
  51. Distinctions Between Quoted And Unquoted Companies
  52. Company Account - Financial System: Definition
  53. Components of Financial System E.g. Banks, Insurance, NSE, SEC, CSCS
  54. Money Market: Definition And Key Functions
  55. Features of Money Market (Short Term)
  56. Methods: Offer For Sales, Offer For Subscription, Right Issues, Private Placement
  57. Benefits of Capital Markets: Benefits To Individual Investors
  58. Benefits of Capital Markets: Benefits To Government
  59. Benefits of Capital Markets: Benefits To The Economy
  60. Benefits of Capital Markets: Benefits To Individual Companies
  61. Issues of Shares: Terminologies Used
  62. Preparation of Shares Accounts, Application Account, Allotment Account, And Calls Accounts
  63. Preparation of Cash/Bank Account, Share Premium Account, Share Discount Account, Share Capital Accounts
  64. Loan Capital: Terminologies Used
  65. Loan Capital: Debentures
  66. Loan Capital: Interest
  67. Loan Capital: Mortgage
  68. Profit And Loss Appropriation Account: - Amount Written Off
  69. Regulation of The Capital Market: Meaning And Reasons For Regulations
  70. Regulation of The Capital Market: Types of Regulations
  71. Regulation of The Capital Market: Statutory Regulation
  72. Self-Regulation Stock Exchanges
  73. Nigeria Stock Exchange: Meaning And Features
  74. The Abuja Stock And Commodity Exchange