DESCRIPTION OF COURSES MGA 201 - PRINCIPLES OF ACCOUNTING I (2 1 0) - 3 UNITS
Purpose and functions of documents of original entry-invoices, debit notes,credit notes, cheques, bills, etc. Principles of Double Entry. Cash book:- Columnar Cash Book, Analytical Petty Cash Book and Imprest Account. Bank Reconciliation Statement. Ledger Accounts: Personal and Impersonal Account, Real and Nominal Accounts. Extraction and Uses of Trial Balance. Location and Treatment of Errors in the Trial Balance. Ledgers and Control Accounts. Final Accounts -Trading, Profit and Loss Accounts, Balance Sheet.
MGA 2O2 - PRINCIPLES OF ACCOUNTING II (2 1 0) - 3 UNITS.
Accounting procedure and systems; revision of double entry bookkeeping accounting system, the trial balance, accruals, prepayments and adjustments. Classification of expenditure between capital and revenue. Methods of recording accounting data, manual and mechanical accounting process. Trading, profit and loss accounts and balance sheets of a sole trader. Accounting treatment of partnership and manufacturing business.
MGA 203 - PRINCIPLES OF ECONOMICS 1(2 0 0) -2 UNITS
Economic Problems and Economic System