Peter Osalor

Bookkeeping For Non-Accountants Peter Osalor

Most small and medium scale businesses fail because of either no records, or incomplete records. Our target in this manual is to ensure that at the end of careful study of this material, readers should be able to appreciate the importance of keeping proper accounting or business records in order to: *Prepare a simple financial statement of a business *Know how to keep complete records of business events *Prepare a monthly payroll for staff salaries *To be able to account for value added tax or sales tax *Differentiate between capital expenditure and revenue expenditure