JSS 1 Business Studies (1st, 2nd & 3rd Term)

FORM OF BUSINESS ORGANIZATION

TYPES OR FORMS OF BUSINESS ORGANIZATIONS The various forms / types of business organization can best be illustrate with the diagram below   TYPES /FORMS OF BUSINESS A                                              B                                  C                                  D                      E Sole Proprietorship                         Partnership                 Co-operative               Private             Public Shoe mending -manufacturing           society                         Limited            Limited Kiosk ownership -farming          Thrift Co-op                 Liability           Liability Farming – Estate           

FORM OF BUSINESS ORGANIZATION Read More »

JOURNALS

MEANING OF JOURNALS A journal is the first book in which we record business transactions. Each record in the journal is called an entry. A journal is like a diary of  transactions. It is the first book where accounting records are made before they are posted to the ledger.  This means that the first entries

JOURNALS Read More »

IMPORTANCE OF ENTREPRENEURSHIP

Meaning of Entrepreneurship: Entrepreneurship, as we have earlier noted, comes from the French verb  ‘entrepreneur’ which means ‘to undertake. Entrepreneurship is the act or art of organization or owning a business by taking financial risks with a view to making profit.   IMPORTANCE OF ENTERPRENEURSHIP Entrepreneurs have the ability to bear risks and so create

IMPORTANCE OF ENTREPRENEURSHIP Read More »

PARTS OF COMPUTER KEYBOARD

THE COMPUTER A computer is an electronic device that can accept data and process data in order to get the required information. The computer receives data through the input device, and it processes the data to generate 1information which it produces and displays through the output device.   PARTS OF THE COMPUTER A computer has

PARTS OF COMPUTER KEYBOARD Read More »