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Test Your Knowledge Interesting facts for students What every student should know Quotes for Students



What students should know

A journal, also called book of original entry or book of primary entry or book of first entry or day book or chronological book is a book where daily transactions are recorded in a chronological order (the order of occurrence).

A journal contains the total record of all transactions made by a company. It can be distinguished into different types which will include:

  • Sales Journal: For recording inventory and sales.

  • Cash Receipts Journal: For recording money received from sales or cash inventory.

  • Purchase Journal: For recording all purchases made by a company.

  • General Journal and so on.

 

The content of a journal include the followings:

  1. The date when the transaction occurred.

  2. The description of the transaction.

  3. Debits

  4. Credits

  5. Accounts affected

Accounts

Bank Wire is a messaging system that allows banks to communicate the various events occurring on a clients’ account.

As an instance, when your account is credited by someone, you may get a notification from your bank with details concerning such transaction.

Such notification(s) from the above instance is a function of bank wire

The term 'wire' in a bank wire signifies a computer based programmed messages that are sent to the bank customers regarding their account information, transactions and other important financial notifications. These messages are always secured and may be encrypted along the wire.

Please read more on bankwire and wire transfer here

Accounts

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Questions for Student

Please check out our Test Your Knowledge page to see all Questions and Answers

The following are examples of pressure group in Nigeria except _____.

  • A. End SARS

  • B. Committee for the Defence of Human Rights (CDHR)

  • C. Odua Peoples Congress (OPC)

  • D. Christian Association of Nigeria (CAN)

  • E. Operation Feed the Nation (OFN)

  • H. National Association of Nigerian Students (NANS)

Government

Which of the following is not an ethnic pressure group in Nigeria?

  • A. Bring Back our Girls (BBOG)

  • B. Afenifere

  • C. Ohanaeze Ndigbo

  • D. Middle Belt Forum (MBF)

  • E. Arewa Consultative Forum

  • F. Ijaw Youth Council (IYC)

Government

The followings are ways to achieve gender equality except _____.

  • A. Education of the girl child

  • B. Encouraging women to go into power

  • C. Putting a stop to child marriage

  • D. Encouraging women to vote for women during elections

  • E. Empowering girls and women

  • F. Making laws that prohibits sexual harassment

Government