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MAIN TOPIC: OWNERSHIP OF BUSINESS
SPECIFIC TOPIC: Partnership business
REFERENCE BOOKS:
Macmillan JSS1 Business Studies by Awoyokun A.A et al .Pages 45-47
WABP JSS Business Studies 1by Egbe T. Ehiametalor. Pages 41
Spectrum Business Studies 1 by Eno L.Inanga and Ebun C.Ojo Pages 37-40

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 define a partnership business
 mention types of partnership business.
 mention sources of capital of partnership business



CONTENTS:
Partnership is a business formed between two and twenty people.
Profit and losses are shared equally among the partners unless there is a contrary agreement in the partnership deed.
Partnership is often formed among professionals such as lawyers, doctors, engineers and accountants etc.



TYPES OF PARTNERS
Ordinary partners
Limited Partners
Sleeping partners

SOURCES OF CAPITAL FOR PARTNERSHIP BUSINESS

Members individual contribution
Loan from known private individuals
Loans and overdrafts from banks
Credit facilities from wholesalers or companies

EVALUATION:
What is partnership business?
What is the number of people that can start a partnership business?
What are the sources of capital for a partnership business?
Mention and explain two types of partners.

HOME-WORK: What is partnership deed?

further studies
http://www.skooolnigeria.com/ec_forms_o ... rship.aspx

http://bls.dor.wa.gov/ownershipstructures.aspx

http://www.preservearticles.com/2011011 ... -firm.html


practice test
http://www.tutor2u.net/business/quiz/so ... /quiz.html

http://www.mcgrawhill.ca/college/nickel ... mc_06.html

http://www.myownbusiness.org/s4/quiz.html







LESSON 55
MAIN TOPIC: Cashbook
SPECIFIC TOPIC: Single and double column cash book
REFERENCE BOOKS:
Macmillan JSS2 Business Studies by Awoyokun A.A et al. Pages 52-56
WABP JSS Business Studies 1 by Egbe T. Ehiametalor. Pages 77-83

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Define a cashbook
 Mention types of cashbook
 Do exercises on single and double column cashbook

CONTENTS:
A cashbook is a ledger account that is used for recording all cash transactions. The book that keeps record of all cash transactions such as cash receipts and cash payments is called a cash book. A cash book serves in dual role of a ledger as well as journal, all the transaction are first recorded in the cash book and thereafter recorded to various Ledger accounts. Thus Cash Book is both a subsidiary book as well as ledger account. The debit side of the cash book is known as Receipt side and the credit side is known as payment side.

Type of Cash Books

There are mainly three types of cash books

Single column cash book
Double column cash book
Three column cash book

1. Single Column cash book: It records only cash receipts and payments. It has only one money column each on the debit side and as well as on the credit side. All the cash receipt are entered on the debit side and the cash payments on the credit side. It works as same as a ledger account.

2. Double column cash book: It consists of two separate columns on the debit side as well as on the credit side for recording cash and discount. In many business concerns it is customary for the traders to allow or to receive small allowances off or against the dues. These allowances are made for prompt settlement of accounts.

3. Three column cash book: The cash book in which there are three columns on each of the side. One is used to record the cash transaction, second is used to record the bank transaction and third one is used to record the discount allowed or discount received.
TYPES OF CASHBOOK
 Single column cashbook


 Double column cashbook


 Three column cashbook


EVALUATION:
 What is a cashbook?
 Mention three types of cashbook

HOME-WORK: Exercise 2, 3 and 4 page 83. WABP JSS Business Studies2 by Ehiametalor et al




LESSON 56
MAIN TOPIC: CASH BOOK
SPECIFIC TOPIC: Exercises on Cashbook
REFERENCE BOOKS:
Macmillan JSS2 Business Studies by Awoyokun A.A et al. Pages 52-56
WABP JSS Business Studies 1 by Egbe T. Ehiametalor. Pages 77-83

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Do exercises on single and double column cashbook

CONTENTS:



Exercise 1 and 3 WABP JSS Business Studies 1 by Egbe T. Ehiametalor. Pages 82-83

EVALUATION: Exercise 4 and 5 WABP JSS Business Studies 1 by Egbe T. Ehiametalor. Pages 83

HOME-WORK: Exercise 5 WABP JSS Business Studies 1 by Egbe T. Ehiametalor. Pages 83





LESSON 57
MAIN TOPIC: CASH BOOK
SPECIFIC TOPIC: More exercises on cash book
REFERENCE BOOKS:
Macmillan JSS2 Business Studies by Awoyokun A.A et al. Pages 52-56
WABP JSS Business Studies 1 by Egbe T. Ehiametalor. Pages 77-83

PERFORMANCE OBJECTIVES: At the end of the lesson, students should be able to:
 Do more exercises on single and double column cashbook

CONTENTS:
Exercise 2 WABP JSS Business Studies 1 by Egbe T. Ehiametalor. Page 83

EVALUATION:
Exercise 1 WABP JSS Business Studies 1 by Egbe T. Ehiametalor. Page 86

HOME-WORK: what is a cash discount?

further studies
http://www.etu.org.za/toolbox/docs/fina ... count.html

http://www.dineshbakshi.com/igcse-gcse- ... -cash-book

http://smallbusiness.chron.com/importan ... 43971.html


practice test
http://gradestack.com/CA-CPT-Exam-Prep- ... -study-wtw

http://gradestack.com/CA-CPT-Exam-Prep- ... -study-wtw

http://studytesttime.com/all-topics/7-c ... -cash-book