BOOK KEEPING FORM ONE – CLASSIFICATION ACCOUNTING msomimaktaba, November 11, 2018May 7, 2020 CLASSIFICATION OF ACCOUNTSClassification of AccountsIt is necessary to know the classification of accounts and their treatment in double entry system of accounts. Broadly, the accounts are classified into three categories:Personal accountsImpersonalReal accountsTangible accountsIntangible accountsLet us go through them each of them one by one.Difference between Personal and Impersonal AccountDifferentiate between personal and impersonal accountsThe differences between personal and impersonal accounts can be seen from what is debited and what is credited. In this concept you are going to learn those differences and investigate how they differ.There are two types of accounts. Personal account and impersonal accounts, impersonal accounts is further divided in two groups. They are depicted on the image below.Personal AccountsPersonal accounts deal with accounts relating to individuals, companies, firms and banks. They are further classified into three categories shown below. You will be able to understand them one by one.Natural Personal AccountAn account related to any individual like David, George, Ram, or Shyam is called as a Natural Personal Account.Artificial Personal AccountAn account related to any artificial person like M/s ABC Ltd, M/s General Trading, M/s Reliance Industries, etc., is called as an Artificial Personal Account.Representative Personal AccountRepresentative personal account represents a group of account. If there are a number of accounts of similar nature, it is better to group them like salary payable account, rent payable account, insurance prepaid account, interest receivable account, capital account and drawing account, etc.Example of personal account ALL NOTES FOR ALL SUBJECTS QUICK LINKS:AGRICULTURE O LEVEL PURE MATHEMATICS A LEVELBAM NOTES A LEVELBASIC MATH O LEVELBIOLOGY O/A LEVELBOOK KEEPING O LEVELCHEMISTRY O/A LEVELCIVICS O LEVELCOMPUTER(ICT) O/A LEVELECONOMICS A LEVELENGLISH O/A LEVELCOMMERCE O/A LEVELACCOUNTING A LEVELGENERAL STUDIES NOTESGEOGRAPGY O/A LEVELHISTORY O/A LEVELKISWAHILI O/A LEVELPHYSICS O/A LEVELMOCK EXAMINATION PAPERSNECTA PAST PAPERS Book Keeping Study Notes Form 1 Book Keeping Study Notes Msomi Maktaba All Notes FORM 1Post navigationPrevious postNext postRelated Posts Basic Mathematics Study Notes Form 2 Mathematics – PYTHAGORAS THEOREM November 13, 2018August 17, 2024PYTHAGORAS THEOREM PYTHAGORAS THEOREM Pythagoras theorem is used to solve problems involving right angled triangles. Statement: In a right- angled triangle the square on the hypotenuse is equal to the sum of the squares on the other two sides. Shown below Required to prove: c2 = a2 + b2 Construction… Read More Basic Mathematics Study Notes MATHEMATICS FORM 1 – ALGEBRA November 11, 2018August 17, 2024ALGEBRA Algebra is a study which deals with situations whereby some values unknown. Normally these unknown are represented by letters. Those letters are also referred to as variables. Algebraic expression An expression – is a mathematical statement which consists of several variables. An expression can only be simplified, that is… Read More SJUT selected applicants 2024 pdf February 3, 2024SJUT Selected applicants 2023/2024 pdf: Have you applied for Diploma , certificate or bachelor degree admission at St. John’s University of Tanzania for 2023/2024 academic year and you have been anxiously waiting to see if you have been selected to join SJUT and you don’t know how and where to… Read More Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment *Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ
Basic Mathematics Study Notes Form 2 Mathematics – PYTHAGORAS THEOREM November 13, 2018August 17, 2024PYTHAGORAS THEOREM PYTHAGORAS THEOREM Pythagoras theorem is used to solve problems involving right angled triangles. Statement: In a right- angled triangle the square on the hypotenuse is equal to the sum of the squares on the other two sides. Shown below Required to prove: c2 = a2 + b2 Construction… Read More
Basic Mathematics Study Notes MATHEMATICS FORM 1 – ALGEBRA November 11, 2018August 17, 2024ALGEBRA Algebra is a study which deals with situations whereby some values unknown. Normally these unknown are represented by letters. Those letters are also referred to as variables. Algebraic expression An expression – is a mathematical statement which consists of several variables. An expression can only be simplified, that is… Read More
SJUT selected applicants 2024 pdf February 3, 2024SJUT Selected applicants 2023/2024 pdf: Have you applied for Diploma , certificate or bachelor degree admission at St. John’s University of Tanzania for 2023/2024 academic year and you have been anxiously waiting to see if you have been selected to join SJUT and you don’t know how and where to… Read More