Professional Documents
Culture Documents
Slides1 1
Slides1 1
Introduction
Objectives
At the end of the lesson, students should be able to :
Monetary Convention
One month
?
1 March 1998 31 May 1998
three months
?
1 January 1998 30 June 1998
six months
?
1 September 1998 31 August 1999
9 10 11 12 1 2 3 4 5 6 7 8
One year
Monetary Convention
Click
me!
Can you tell me…
BEFORE 11/9
Market price changes all the
time!
Therefore…
All transactions/assets of a
business entity are recorded at
the original cost price.
Can you still remember
the 5 concepts ?
One day, you bought a new handphone Nokia 8310…
You also received an invoice from M1…
You decided to write down what you have spent on
a notebook so that you will not forget…
To record every different expenses on your
notebook seem very messy to you, so you decided
to keep a notebook for hobbies, books &
stationery, food & transport etc…
You want to see if your records are correct at the end of
the month… Did you forget to record anything?…
Income Expense
$ $
Pocket money received 140
Hobbies 20
Food & Transport 70
Books & Stationery 10
Sports & Recreation 15
Handphone bill 20
Left* 5
140 140
At the end of the month, you added up all your
pocket money received and the total amount of money
spent. Did you overspent on your hobbies? Do you
have some money to save for the month? How much
money do you have left at the end? Should you cut
down on your expenses next month? …
Source
Documents Can you link??
(originals)
Books of Prime
Entry
(Journal Entries)
Ledgers
Trial Balance
Adjustments
Reports
SUMMARY
What have you learn today?
Any questions?
Do you find POA more interesting
now?
Class worksheet to test your
understanding.