Bookkeeping (New) Form 2 Syllabus

Demonstrate mastery of the principles of Book- keeping
1. Record business transactions using source documents
  1. Describe cash and banking transactions (types of cash books)
  2. Record cash/ bank receipts and payments from various source documents in the Cash Book (double column, three-column or petty cash book)
2. Prepare a Trial balance
  1. Describe errors in the Trial balance (meaning, types, sources and detection)
  2. Correct errors in the Trial balance by means of journal entries and adjust the trial balance
Demonstrate mastery of financial assets control
1. Prepare bank reconciliation statements
  1. Describe a Bank reconciliation statement (meaning, importance, reasons for inconsistencies, and the key terms used)
  2. Prepare adjusted cash book and bank reconciliation statement.
2. Prepare a financial budget
  1. Describe Budgeting and budgetary control process (meaning, importance, approaches, and features of a good budget )
  2. Prepare a simple cash budget