SS 1 COMMERCE NOTES WITH ASSIGNMENT

SS1 LESSON SUBJECT: COMMERCE TOPIC: FOREIGN TRADE INTRODUCTION: Foreign trade, otherwise called international trade, is the exchange of goods and services between two or more countries. The principle underlying the buying and selling between one country and another is specialization.  The theory of international trade, therefore, is based on the principle of comparative cost propounded…

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SS 1 ACCOUNTS/BOOK KEEPING

SS1 LESSON SUBJECT: ACCOUNTING/BOOKKEEPING TOPIC: FINAL ACCOUNTS OF A SOLE TRADER SUBTOPIC: BALANCE SHEET. INTRODUCTION: Balance sheet can be defined as the statement that shows the presentation of the summary of assets and liabilities in a well arranged form, so that the financial position may be clearly ascertained. Balance sheet is not an account; it…

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JSS 2 BUSINESS STUDIES

ALL SAINTS’ SECONDARY SCHOOL, OYIGBO SUBJECT: BUSINESS STUDIES CLASS: JSS 2 TOPIC: FUNCTIONS OF THE WHOLESALER AND RETAILER LESSON SIX   THE WHOLESALER Wholesale business is the business of buying and selling goods in large quantities. The business involves individuals and organisations.  Who is a wholesaler? The wholesaler is the middle man in the chain…

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