MODULE NO.

: 1 Teacher: Tr Larry Mofa

Subject: Accounting 7 DATE: 5 feb – 9 feb. 2024
Parent’s Signature: _____________ Marks: ____/25
Name:_________________________________________

TOPIC: Assets, liabilities and capital.

References and Resources: Online resources on financial literacy
LEARNING OBJECTIVES: At the end of the topic, students are required to be able to

 Identify the meaning of assets, liabilities and capital.

 Identify and explain the 5 different types of capital.
 Identify the different types of assets.
 Identify the different types of liabilities.
LESSON 1:

Liabilities
Liabilities are monies owed, by the business, to other people or other businesses (creditors). Liabilities include the
amounts of capital that were either borrowed from the bank or equity. This is the money that the business owners
provided, as well as any reserves the business has.
LESSON 2:
LESSON 3:

Income