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JAMB 2019 results have been made available on JAMB portal. We have confirmed this via the monitoring thread we created earlier. Many candidates have already checked their results on JAMB's online portal. If you have not been able to check yours via the Text/SMS method, you can proceed to the board's website now to check yours. Link- Click here

                                                                Definition of Demand Demand is defined as a quantity of goods or service which a consumer is willing and able to buy at a particular price and at a particular period of time. There are some certain terms to note in this definition such as; 1.        Quantity of goods or service. 2.        By a consumer. 3.        Willingness and Ability. 4.        A given price and; 5.        A given period of time. For better understanding of the listed terms above let us have an example of a commodity and service which a consumer demanded (Rice for the goods and Barbing of hair for service); you should know that there is a consumer in existence who is willing and has the ability to pay for that particular quantity of goods or service (Rice or Barbing of hair respectively) at a particular market price i.e. the price tag and a particular period of time. You should note that a demand is not effective until it i

Definition of Economics Economics according to Lord Robinson in 1932 is defined as the Social science which studies human behavior with relationship between ends and scare means which have alternative uses. ‘Ends’ here means Wants Key words to note in this definition; Note : that the Economist tries to put some certain terms in place which is most relevant in defining Economics these are: ·          Social science, that deals with human behavior. ·          It relationship with want, end and scares mean and; ·          It alternative uses. Also note; that Human wants are numerous, which all can’t be satisfied. Secondly; resource are Limited/ Scare which satisfying human want will be so impossible. Thirdly; there is always an alternative uses, the use of a means for one end prevents its uses for the other in most cases. E.g. Money is capable of being used for buying cloth, houses etc. that is money serve different purpose, difference alternative based o

ACCOUNTING EQUATION v   Introduction v   Definition of Accounting Equation v   Meaning of Asset, Liability and Capital v   Worked Example Ø Introduction A lot of student finds this aspect of accounting difficult; this is one of the basic formulas that would be needed for most accounting solving. Ø Definition of Accounting Equation. Accounting equation is used to determine a business performance over a specific period of accounting period usually a year. It is expressed mathematically as; Asset = Liability + Capital (Owner’s equity). I.e. The Total Liability with the addition of Capital Must be equal to our Total Asset. Ø Meaning of Asset, Liability and Capital. Asset is what a business owns, known as the business property. Before a business can function well there are necessary thing that must be put in place for the functioning of such business those material bought & sold are known as the business property. There are two ty

In accounting, the accounts are classified using one of two approaches – modern approach or traditional approach. We shall describe modern approach first because this approach of classification of accounts is used in almost every advanced country. The use of traditional approach is very limited. Modern approach According to modern approach, the accounts are classified as asset accounts, liability accounts, capital or owner’s equity accounts, withdrawal accounts, revenue/income accounts and expense accounts. 1. Asset accounts: Assets are things or items of value owned by a business and are usually divided into tangible or intangible. Tangible assets are physical items such as building, machinery, inventories, receivables, cash, prepaid expenses and advance payments to other parties. Intangible assets normally include non-physical items and rights. Examples of intangible assets include goodwill, trademarks, copyrights, patent rights and brand recognition etc. A separate account f

Post-utme past questions for all Institutions and Courses. Since you've passed your utme there is nothing stopping you from getting admitted, this is the right time for your preparation for Post-utme, Do not procrastinate, Ignorance is a disease. Click on this link to get the Past questions of your choice. Just scroll down for about 30sec and you have it all. I wish you all the best. Link - post-utme-past-questions Thanks for Reading; Please don't forget to leave a comment and subscribe to my channel for more update. Also view the web version if you are using chrome for better view, options and more article. For further question or help on accounting contact me on; Whatsapp -  08175761114 or on E-mail- Freshkid7b@gmail.com

Classification of Accounts Diagram As we can see in the above diagram, it helps to explain the classes of account and other sub-class with examples. The simple break down will be done on my other post Please don't forget to leave a comment and subscribe to my channel for more update. For further question or help on accounting contact me on; Whatsapp -  08175761114 or on E-mail- Freshkid7b@gmail.com

INTERNAL AND EXTERNAL USERS OF FINANCIAL ACCOUNTING. v   INTRODUCTION v   DEFINITION OF USERS v   INTERNAL USERS OF FINANCIAL ACCOUNTING v   EXTERNAL USERS OF FINANCIAL ACCOUNTING v   SUMMARY Ø Introduction. As discussed earlier in the “ Simple breakdown of Financial Accounting ” we see that Accounting is used to give report to its users. When we talk about Financial Accounting and its uses we mean the detail of an Organization's Asset and Liabilities which helps the users in making decision. Ø Definition of users. Users of Financial Accounting are those that need the analysis of Financial Accounting to know the performance of an organization in order to determine how well an organization is functioning and to predict the future performance of such organization to meet necessary obligations. The users are those that are engaged in the activity of an organization such as Managers, Workers etc. also financing of such organization such as banks, share