Financial Accounting ✅

Foods and Nutrition ✅

Technical Drawing 3 (Sketches, Building and Mechanical Drawing) ✅

History ✅

All these papers are available ditto ditto and confirmed ✅

https://wa.me/+233206037797

2a. The single entry method of bookkeeping is a simple and basic system for recording financial transactions. In this method, each transaction is recorded only once, either as an income or an expense, or as an asset or a liability.

2b I'd be happy to explain!

(i) Incomplete Books of Accounts:

1. *Identify available records*: Gather all available financial records, such as bank statements, invoices, receipts, and payment vouchers.
2. *Prepare a statement of affairs*: Create a statement of affairs to estimate the financial position of the business. This includes listing assets, liabilities, and capital (owner's equity).
3. *Estimate missing figures*: Estimate missing figures based on available records, industry benchmarks, or previous years' data.
4. *Prepare a profit and loss account*: Using estimated figures, prepare a profit and loss account to calculate profit or loss.
5. *Make adjustments*: Make necessary adjustments for omitted or incorrect entries.

*(ii) Complete Set of Books of Accounts:*

When a complete set of books of accounts is maintained, computing profit or loss is straightforward:

1. *Prepare a trial balance*: Ensure the debits and credits are equal by preparing a trial balance.
2. *Prepare a profit and loss account*: Transfer relevant accounts from the trial balance to the profit and loss account.
3. *Calculate profit or loss*: Calculate profit or loss by subtracting total expenses from total revenues.

2c.
1. *Sales Day Book*: Records all credit sales made by the business.
2. *Purchases Day Book*: Records all credit purchases made by the business.
3. *Sales Returns Book*: Records all sales returns or goods returned by customers.
4. *Purchases Returns Book*: Records all purchases returns or goods returned to suppliers.
5. *Bills Receivable Book*: Records all bills received from customers (accounts receivable).
6. *Bills Payable Book*: Records all bills issued to suppliers (accounts payable).

3a.
1. *Charitable or social mission*: Non-profits aim to address social, economic, or environmental issues, improving lives and communities.
2. *Public benefit*: Non-profits serve the public interest, providing goods or services that benefit society as a whole.
3. *Tax exemption*: Non-profits are often exempt from taxes, allowing them to allocate more resources to their mission.
4. *Donations and funding*: Non-profits can receive donations, grants, and funding from individuals, organizations, and government agencies.
5. *Volunteer engagement*: Non-profits can engage volunteers, fostering community involvement and support.
6. *Advocacy and education*: Non-profits can raise awareness, advocate for policy changes, and educate the public on specific issues.
7. *Community building*: Non-profits can bring people together, creating a sense of community and social connection.
8. *Innovation and research*: Non-profits can innovate, research, and develop solutions to address specific challenges.
9. *Accountability and transparency*: Non-profits are accountable to their stakeholders, ensuring transparency in their operations and finances.
10. *Legacy and impact*: Non-profits can leave a lasting legacy, making a positive impact on society.

3a. Just give them three or two points

3b . In a non-profit organization, some common items of expenditure include:

1. Salaries and Wages:
2. Rent and Utilities:.
3. Program Expenses:
4. Fundraising Costs: Expenditure related to raising funds for the organization's operations.
5. Administrative Expenses:

3c.

1. Mission-Driven
2. Non-Distribution Constraint
3. Tax-Exempt Status
4. Governed by a Board

Animal Husbandry actual papers.

6a. Egg of a hen