THE CASH BOOK

Types of cash books. Single- column cash book.

By the end of the lesson, the learner should be able to:


List types of cashbooks.
Identify features of a single-column cash book.
Post entries in a single-column cash book.

Worked examples.
Written assignment.

Single-column cash book.

New Inventor KLB BOOK III Pg 151-2

THE CASH BOOK

The two- column cash book.
Ledger accounts from three-column cash book.

By the end of the lesson, the learner should be able to:
Balance off the two- column cash book.
Post transactions from three-column cash book to ledger accounts.

Worked examples.
Written assignment.
Worked examples.
Supervised exercise.
Probing questions;
Illustrated examples;
Guided discussion.

Two-column cash book.
3-column cash book, the ledger.

New Inventor KLB BOOK III Pg 155-6

THE CASH BOOK
SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

The three-column cash book.
Source documents Introduction. Cash receipt.

By the end of the lesson, the learner should be able to:
Record transactions in a three-column cash book.
Balance off the three- column cash book.
Define a source document.
Give examples of source documents.
Describe features of a cash / cheque receipt.

Worked examples illustrating transactions in a 3- column cash book.
Supervised practice.
Written exercise.
Exposition of new terms;
Brain storming;
Brief discussion.

3-column cash book.
Cash receipts

New Inventor KLB BOOK III Pg 156-9

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Invoice.
Debit note and credit note.

By the end of the lesson, the learner should be able to:
Outline details of an invoice.
Define a debit note and a credit note.
Explain purposes of credit notes and credit note.

Examine an invoice.
Probing questions on details of an invoice;
Discussion.
Examine a debit note and a credit note.
Brief discussion on features of the notes.

Invoices.
Debit note and credit note.

New Inventor K.L.B. BK IV. Pg. 3-4

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Payment voucher & petty cash voucher.

By the end of the lesson, the learner should be able to:
Identify entry features of a payment voucher & petty cash voucher.

Examine a payment voucher & petty cash voucher.
Discussion.

Payment voucher & petty cash voucher.

New Inventor K.L.B. BK IV. Pg 6-7

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Books of original entry. Sales journal.
Posting from sales journal to sales ledger and general ledger.

By the end of the lesson, the learner should be able to:
Highlight features of a sales journal.
Prepare a sales journal given credit sales.
Transfer entries from a sales journal to a sales ledger and general ledger.

Brief discussion;
Illustrated example.
Discussion on illustrated examples.

Sales journal.
Sales ledger.

New Inventor K.L.B. BK IV. Pg. 8-10

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Sales returns journal.
Posting entries to the general ledger and sales ledger.

By the end of the lesson, the learner should be able to:
Explain purpose of a sales returns journal.
Prepare a sales return journal.
Post entries from sales return journal to the general ledger and the sales ledger.

Examine a sales return journal.
Discussion on its features Illustrated example: preparing a sales journal given a number of transactions.
Illustrated example;
Supervised practice.
Written exercise.

Sales returns journal sample page.
Sales return journal sample page.

New Inventor K.L.B. BK IV. Pg. 13-14

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Purchases journal.
Purchases return journal.

By the end of the lesson, the learner should be able to:
Prepare a purchases journal given some transactions.
Post entries from the journal to the purchases return ledger.

Exposition of new concepts;
Illustrated example on preparing a purchases journal given a number of transactions.
Supervised practice.

Purchases journal sample page.
Purchases return journal sample page.

New Inventor K.L.B. BK IV. Pg. 15-17

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Cash receipt journal.

By the end of the lesson, the learner should be able to:
Identify features of a cash receipt journal.
Post entries from the journal to the general ledger, cash book and debtors ledger.

Illustrated example on preparing a purchases journal given a number of transactions.
Supervised practice.

Cash receipt journal.

New Inventor K.L.B. BK IV. Pg. 20-21

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Cash payment journal.
The petty cash book with imprest system.

By the end of the lesson, the learner should be able to:
Prepare a cash payment journal.
Post cash payment journal entries to ledger accounts correctly.
Make entries in a petty cash book.
Post entries from the book to ledger accounts.

Exposition of new concepts;
Illustrated example;
Written exercise.
Illustrated examples;
Group assignments.

Illustrated cash payment ledger.
Illustrated petty cash book.

New Inventor K.L.B. BK IV. Pg. 22-23

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Analysis cash book.
General journal.

By the end of the lesson, the learner should be able to:
Record transactions in an analysis cash book.
Record transactions in a general journal.

Exposition of new concepts;
Worked examples;
Discussion;
Written exercise.
Supervised practice.

Cash analysis sample page.
General journal sample page.

New Inventor K.L.B. BK IV. PG. 32-36

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Transactions passed through the general journal.
Importance of journals.

By the end of the lesson, the learner should be able to:
Identify transactions that are passed through the general journal.
State reasons for maintaining journals.

Exposition of new concepts;
Detailed discussion.
Probing questions;
Brief discussion;
Topic review & summary;
Review of written exercises.

text book

New Inventor K.L.B. BK IV. Pg. 37-40

FINANCIAL STATEMENTS

Introduction. Trading Period.

By the end of the lesson, the learner should be able to:


Give examples of financial statements.
Explain the concept of a trading period of a business.

Brainstorming, Q/A & Explanations.

text book

New Inventor K.L.B. BK IV. Pg. 54

FINANCIAL STATEMENTS

Gross Profit or Loss.

By the end of the lesson, the learner should be able to:
Determine the gross profit or loss of a business.

Go through worked examples using various approaches.
Supervised practice;
Group assignments.

charts

New Inventor K.L.B. BK IV. Pg. 55-57

FINANCIAL STATEMENTS

The Trading Account.

By the end of the lesson, the learner should be able to:
Define the term trading account.

Illustrate trading accounts with worked examples.

Q/A to review the process of obtaining gross profit or loss.
Worked examples.
Supervised practice.
Assignment.

text book

New Inventor K.L.B. BK IV. Pg. 57-60

FINANCIAL STATEMENTS

Net Profit or Loss.

By the end of the lesson, the learner should be able to:
Define the terms net profit net loss.
Determine net profit or loss.

Brief discussion on distinction between gross and net profit / loss;
Worked examples;
Supervised practice;
Written exercise.

chart

New Inventor K.L.B. BK IV. Pg. 60-62

FINANCIAL STATEMENTS

Profit or loss account.

By the end of the lesson, the learner should be able to:
Prepare profit or loss accounts.

Detailed discussion;
Worked examples;
Supervised practice;
Written exercise.

text book

New Inventor K.L.B. BK IV. Pg. 62-67

FINANCIAL STATEMENTS

Profit and loss account from a trial balance.

By the end of the lesson, the learner should be able to:
Prepare profit or loss accounts from a trial balance.

Supervised practice;
Written exercise.

magazines,charts

New Inventor K.L.B. BK IV.  pg 62-67

FINANCIAL STATEMENTS

The Balance Sheet.

By the end of the lesson, the learner should be able to:
Prepare a balance sheet after making adjustments on capital for specific items.

Exposition of adjustments made on capital for net profit, drawings and additional capital.
Worked examples and Exercises.

charts

New Inventor K.L.B. BK IV. Pg. 67-68

FINANCIAL STATEMENTS

The Balance Sheet.

By the end of the lesson, the learner should be able to:
Prepare a balance sheet after making adjustments on capital for specific items.

Exposition of adjustments made on capital for net profit, drawings and additional capital.
Worked examples and Exercises.

charts

New Inventor K.L.B. BK IV. Pg. 67-68

FINANCIAL STATEMENTS

The Balance Sheet from a trial balance.
Types of Capital.

By the end of the lesson, the learner should be able to:
Prepare a balance sheet from a trial balance.
Outline types of capital.

Q/A to review a trial balance;
Worked examples.
Probing questions;
Teacher?s explanations.

text book

New Inventor K.L.B. BK IV. Pg. 67-68

FINANCIAL STATEMENTS

Types of capital in a balance sheet.
Basic financial ratios: - Mark-up.

By the end of the lesson, the learner should be able to:
Illustrate types of capital with balance sheet.
Define the term mark-up.
Explain why mark up is important in a business.
Determine business mark up.

Illustrative examples.
Written exercise.
Q/A: definition of a ratio.
Teacher exposes and explains the new concepts then leads in an example.

text book
chart,text book

New Inventor K.L.B. BK IV. Pg. 69-70

FINANCIAL STATEMENTS

- Margin.

By the end of the lesson, the learner should be able to:
Define the term margin.
Explain why margin is important in a business.
Determine business margin.

Exposition of new concept;
Worked examples;
Written exercise.

text book

New Inventor K.L.B. BK IV. Pg. 71-72

FINANCIAL STATEMENTS

Using mark-up or margin to prepare a trading account.

By the end of the lesson, the learner should be able to:
Work out the mark-up given the margin and vice-versa.

Guided discovery on the relationship.
Illustrative examples.

text book

New Inventor K.L.B. BK IV. Pg.72-74

FINANCIAL STATEMENTS

Current ratio or Working capital ratio.
Rate of stock turnover.

By the end of the lesson, the learner should be able to:
Define the term current ratio or working capital ratio.
Explain importance of current ratio.
Calculate current ratio given various balances.
Define the terms turn over and rate of stock turn over.
Calculate the rate of stock turn over.

Exposition & Worked examples;
Discussion.
Exposition, Worked examples & numericals
Discussion: implications of rate of stock turnover on a business.

text book,chart
chart

New Inventor K.L.B. BK IV. Pg. 75-76

FINANCIAL STATEMENTS

Stock turn-over and trading account.

By the end of the lesson, the learner should be able to:
Prepare the trading account given the rate of stock turn-over.

Illustrative examples & supervised practice.

text book

New Inventor K.L.B. BK IV. Pg. 78

FINANCIAL STATEMENTS

Return on Capital.

By the end of the lesson, the learner should be able to:
Define the term return on capital.
Calculate return on capital.
Explain implications of return on capital on a business.

Brief discussion;
simple problem solving;
Assignment.

chart, text book

New Inventor K.L.B. BK IV. Pg. 79

FINANCIAL STATEMENTS

Acid test or quick ratio.

By the end of the lesson, the learner should be able to:
Determine the quick ratio given current assets, stock and current liabilities.

Exposition of new concepts;
Simple calculations.

Business Magazines.

New Inventor K.L.B. BK IV. Pg. 79-80