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SCHEME OF WORK
Business Studies
Form 3 2024
TERM III
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WK LSN TOPIC SUB-TOPIC OBJECTIVES T/L ACTIVITIES T/L AIDS REFERENCE REMARKS
2 2
NET WORTH OF A BUSINESS.
Basic terms used in business.
By the end of the lesson, the learner should be able to:



Define basic terms used in business.
State characteristics of assets / liabilities.



Brief discussion on the terms debtor, creditor, asset, liability and capital.
New Inventor KLB BOOK III Pg 92-95
2 3
NET WORTH OF A BUSINESS.
Book-keeping Equation.
By the end of the lesson, the learner should be able to:
Identify sources of assets.
Derive and explain the bookkeeping equation.
Use a concrete example to arrive at the book-keeping equation.
Apply the book-keeping equation.
Supervised practice.
text book
New Inventor KLB BOOK III Pg 95-97
2 4
NET WORTH OF A BUSINESS.
Balance sheet.
By the end of the lesson, the learner should be able to:
Define the term balance sheet.
Prepare a balance sheet.
Guided preparation of a balance sheet.
Supervised practice.
Assignment.
text book
New Inventor KLB BOOK III Pg 97-98
3 1
NET WORTH OF A BUSINESS.
Importance of a balance sheet.
Book-keeping equation and balance sheet.
By the end of the lesson, the learner should be able to:
Explain importance of a balance sheet.
Relate book-keeping equation with balance sheet
Probing questions;
Discussion.
Guided discovery;
New Inventor KLB BOOK III Pg 99
3 2
NET WORTH OF A BUSINESS.
Net worth of a business.
By the end of the lesson, the learner should be able to:
Determine a business net worth using book-keeping equation and a balance sheet.
Discussion.
New Inventor KLB BOOK III Pg 99-100
3 3
NET WORTH OF A BUSINESS.
BUSINESS TRANSACTIONS
Topic review.
Types of business transactions.
By the end of the lesson, the learner should be able to:
Answer questions correctly.
Give examples of business transactions.
Define the term deferred payment.
Give examples of credit transactions.
Answer numerical questions.
Exercise review.
Probing questions;
Oral questions;
Brief guided discussion.
chart
New Inventor KLB BOOK III Pg 100-102
3 4
BUSINESS TRANSACTIONS
Effects of transactions on the balance sheet.
Changes in capital: Drawing.
By the end of the lesson, the learner should be able to:
Determine the effects of transactions on the balance sheet.
Explain how drawings affect capital.
Worked examples;
Supervised exercise;
Guided discovery.
Worked examples
Supervised practice.
Exercise.
chart
New Inventor KLB BOOK III Pg 103-108
4 1
BUSINESS TRANSACTIONS
Additional investments.
Profit & losses.
By the end of the lesson, the learner should be able to:
Explain how additional investments affect capital.
Determine the solvency of a business.
Work through an example.
Exercise.
Q/A : review meaning of terms profit and loss.
Work through examples.
text book
New Inventor KLB BOOK III Pg 109
4 2
BUSINESS TRANSACTIONS
Initial and final capital of a business.
By the end of the lesson, the learner should be able to:
Compute the capital at the end of a given period.
Work through examples;
Group activities;
Guided discussion.
text book
New Inventor KLB BOOK III Pg 111
4 3
THE LEDGER.
The concept of double entry.
By the end of the lesson, the learner should be able to:
Apply the rule of double entry.
Further worked examples;
Supervised practice.
Assignment.
text book
New Inventor KLB BOOK III Pg 120
4 4
THE LEDGER.
Recording business transactions in ledger accounts.
By the end of the lesson, the learner should be able to:
Record accounting transactions in ledger A/Cs.
Exposition;
Oral questions;
Guided discovery.
Ledger.
New Inventor KLB BOOK III Pg 120-5
5 1
THE LEDGER.
Purchase of goods and purchase of stock in cash / on credit.
Purchase returns.
By the end of the lesson, the learner should be able to:
Record purchase of stock in cash / on credit.
Post entries of purchase returns to ledger account.
Exposition;
Oral questions;
Guided discovery.
Guided discovery;
Numerous examples.
The Ledger.
New Inventor KLB BOOK III Pg 127-9
5 2
THE LEDGER.
Sale returns.
Expenses in ledger account.
By the end of the lesson, the learner should be able to:
Record sales returns in ledger account.
Record expenses in ledger account.
Worked examples;
Supervised practice.
Practical activity;
The Ledger.
New Inventor KLB BOOK III Pg 130
5 3
THE LEDGER.
Revenues in ledger accounts.
By the end of the lesson, the learner should be able to:
Record revenues in the ledger account.
Worked examples;
Supervised practice.
The Ledger.
New Inventor KLB BOOK III Pg 131
5 4
THE LEDGER.
Drawings in ledger accounts.
By the end of the lesson, the learner should be able to:
Record drawings in a ledger account.
Practical activity;
Worked examples;
Supervised practice.
The Ledger.
New Inventor KLB BOOK III Pg 132
6 1
THE LEDGER.
Balancing ledger accounts.
Balancing an account with only one entry.
By the end of the lesson, the learner should be able to:
Balance ledger accounts.
Balance an account with only one entry.
Oral questions;
Guided discovery;
Numerous examples.
Worked examples.
The Ledger.
New Inventor KLB BOOK III Pg 133-4
6 2
THE LEDGER.
Uses of ledger accounts.
Trial balance. Purpose of a trial balance.
Limitations of a trial balance.
By the end of the lesson, the learner should be able to:
Outline uses of ledgers.
Identify features of a trial balance.
Explain the purpose of a trial balance.
Outline limitations of a trial balance with reference to ?hidden? errors.
Outline errors that may cause a trial balance not to balance.
Probing questions;
Guided discussion.
Q/A: review meaning of a trial balance;
Guided discussion.
Exposition of new concepts;
chart
6 3
THE LEDGER.
Classification of ledger accounts.
By the end of the lesson, the learner should be able to:
Distinguish personal from impersonal accounts.
Outline types of ledgers.
Probing questions;
Discussion.
chart
New Inventor KLB BOOK III Pg 140
6 4
THE LEDGER.
The general ledger.
By the end of the lesson, the learner should be able to:
Outline features of the general ledger.
Oral questions;
Guided discussion.
Chart ?classes of accounts and appropriate ledgers.
New Inventor KLB BOOK III Pg 141
7 1
THE LEDGER.
Topic review.
By the end of the lesson, the learner should be able to:
Answer review questions correctly.
Answer questions from revision exercise.
New Inventor KLB BOOK III Pg 142-9
7 2
THE CASH BOOK
Types of cash books. Single- column cash book.
The two- column cash book.
By the end of the lesson, the learner should be able to:
List types of cashbooks.
Identify features of a single-column cash book.
Post entries in a single-column cash book.
Balance off the two- column cash book.
Worked examples.
Written assignment.
Supervised exercise.
Single-column cash book.
Two-column cash book.
New Inventor KLB BOOK III Pg 151-2
7 3
THE CASH BOOK
Ledger accounts from three-column cash book.
The three-column cash book.
By the end of the lesson, the learner should be able to:
Post transactions from three-column cash book to ledger accounts.
Record transactions in a three-column cash book.
Balance off the three- column cash book.
Probing questions;
Illustrated examples;
Guided discussion.
Worked examples illustrating transactions in a 3- column cash book.
Supervised practice.
Written exercise.
3-column cash book, the ledger.
3-column cash book.
New Inventor KLB BOOK III Pg 160-2

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