Classes of ledger: Explain extraction from cash book to ledger
Post transactions into a ledger.
Trading, Profit and loss Account: Define Profit and loss accounts.
Preparation of profit and loss account with adjustment e.g prepayment, accruals, depreciation, bad and doubtful debts.
Trading, Profit and loss Account: Practice more exercise on trading profit and loss account with adjustment
Excursion to a business organisation.
Trading, Profit and loss Account and balance sheet: Explain the treatment of the adjustment in the balance sheet i.e bad and doubtful debts on debtor, depreciation on fixed assets, accruals as liabilities and prepaid as assets
Teacher Activities: Teacher explains stock valuation and states its purpose.
Students Activities: Learners ask questions on the purpose of stock valuation.