Category: Principles of Accounts (POA)

POA GCE O Levels 2020 Paper 2 answer key is out! Feel free to comment on the answers.  If you want to know the techniques

POA GCE N Levels 2020 Paper 2 answer key is out! Feel free to comment on the answers. 

Principles of Accounts N Levels 2020 Paper 1 answers are out. Feel free to comment on the questions and answers.  If you want to know

Consistency concept had been applied in principles of accounts (POA) most obviously in depreciation. So, what is depreciation? Depreciation is the reduction in value of

Incomplete records in Principles of Accounts consist of 3 important areas. I be focusing on one of the method known as the, Capital comparison method,

Prepaid expense is an expense you had paid for in advance. Think of your EZ link card. You top up your EZ link card with

What is accrued expense?  No! Accrued expense are not expenses! There! i said it and let this sink into your head. They are current liabilities.

POA tuition is one of the strenuous teaching sessions to be conducted based on personal opinion. The subject matter is dry. POA tuition is not

Definition and reasons for depreciation  Depreciation of assets is the loss in value of the assets. The reasons for it is due to   Usage Wear

Allowance for impairment loss on Trade Receivable is a contra asset account. A contra asset account is the ‘Opposite’ of an asset account. Do not