JAMB Accounting Notes
Lesson notes for 10 JAMB Accounting topics, each with worked examples and the key terms to know. Free to read, no account needed.
- Accounting FundamentalsThe accounting equation, the double-entry principle behind every transaction, and the main branches of accounting.
- Ledger, Journal, and Source DocumentsThe documents that trigger accounting entries, and how transactions move from the journal into the ledger.
- Stock Valuation and DepreciationThe main methods for valuing closing stock, and the two most common ways to calculate depreciation on fixed assets.
- Company and Partnership AccountsHow partnership profits are shared between partners, and the basics of company share capital and dividends.
- Public Sector and Not-for-Profit AccountsHow not-for-profit organizations track cash movements and overall financial performance differently from profit-making businesses.
- Manufacturing and Departmental AccountsHow manufacturing accounts calculate the cost of goods produced, and how departmental accounts split shared costs.
- Cash Book and Bank ReconciliationHow a cash book records cash and bank transactions, and how to reconcile it with the bank statement.
- Office Practice, ICT, and BankingHow ICT has changed accounting record-keeping, and the banking services most relevant to a business's accounting function.
- Final Accounts and Trial BalanceHow a trial balance checks the ledger, and how the trading, profit and loss account, and balance sheet are built from it.
- Branch and Control AccountsHow businesses account for separate branches, and how control accounts summarize and verify large numbers of individual customer/supplier accounts.
Practise JAMB Accounting free
After each note, test yourself on real past questions from that topic, with answers and a list of what to revise next.