NATIONAL Open University of NigeriaCourse developed by Ofe I. InuaCourse edited by ThankGod O. Imo2025-09-152025-09-152015https://nou.edu.ng/coursewarecontent/ELEMENTS%20OF%20BOOK-KEEPING%20II%20%20Edited.pdfhttps://nou.edu.ng/coursewarecontent/ELEMENTS%20OF%20BOOK-KEEPING%20II%20%20Edited.pdfhttps://nigeriareposit.nln.gov.ng/handle/20.500.14186/2209This course introduces you to basic principles of accounting and to understand how financial documents are posted into accounting record in order to determine the profit or loss of an organisation and the financial position of the organization. It also includes practical treatment of accounting transactions conducted through the bank and how errors associated with the trial balance are treated.• Basic accounting. • Methods of recording data: manual and mechanical. • Accounting concepts. • The accounting equation and its components. • Basic documentation and prime books. • Prime books, general journals and the ledgers. • Inventory valuation. • Trial balance. • Final accounts of a sole trader 1: statement of profit or loss. • Final accounts of a sole trader 1: statement of financial position. • End of year adjustments in final accounts. • Accounting treatment of control accounts. • Bank reconciliations. • Cost accounting. • Elementary break-even analysis.enBook