BAC 101 Fundamentals of Accounting 2 is an accounting unit offered at Kenyatta University, school of Business. It is taken by students who pursue Bachelor of Commerce (BCOM), Bachelor of Economics, Bachelor of Arts, Bachelor of Education (Mathematics and business), Read more
TABLE OF CONTENTS LESSON ONE……………………………………………..4 Partnership Accounts…………………………………….4 Appropriation A/C…………………………………………6 Current Accounts………………………………………….. 7 Appropriation Account………………………………….. 8 Partnership Loans………………………………………….9 Balance Sheet………………………………………………..11 Fixed Assets…………………………………………………. 11 Valuation Of Goodwill…………………………………… 12 Capital Accounts…………………………………………… 13 Partner’s Capital Accounts……………………………… 13 Revaluation…………………………………………………… 14 Current Assets……………………………………………….. 14 LESSON TWO……………………………………………… Read more