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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
1 3
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
1 4
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 1-2
NET WORTH OF A BUSINESS.
Balance sheet.
Importance of a balance sheet.
By the end of the lesson, the learner should be able to:
Define the term balance sheet.
Prepare a balance sheet.


Explain importance of a balance sheet.
Guided preparation of a balance sheet.
Supervised practice.
Assignment.

Probing questions;
Discussion.
text book
New Inventor KLB BOOK III Pg 97-98
New Inventor KLB BOOK III Pg 99
2 3
NET WORTH OF A BUSINESS.
Book-keeping equation and balance sheet.
By the end of the lesson, the learner should be able to:
Relate book-keeping equation with balance sheet
Guided discovery;
New Inventor KLB BOOK III pg 99
2 4
NET WORTH OF A BUSINESS.
Net worth of a business.
Topic review.
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.
Answer questions correctly.
Discussion.
Answer numerical questions.
Exercise review.
chart
New Inventor KLB BOOK III Pg 99-100
3 1-2
BUSINESS TRANSACTIONS
Types of 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:


Give examples of business transactions.
Define the term deferred payment.
Give examples of credit transactions.
Determine the effects of transactions on the balance sheet.
Explain how drawings affect capital.



Probing questions;
Oral questions;
Brief guided discussion.
Worked examples;
Supervised exercise;
Guided discovery.
Worked examples
Supervised practice.
Exercise.
chart
New Inventor KLB BOOK III Pg 103
New Inventor KLB BOOK III Pg 103-108
3 3
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
3 4
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 1-2
THE LEDGER.
Meaning and purpose of a ledger.
Rules of recording transactions in ledger accounts.
By the end of the lesson, the learner should be able to:


Identify features of a ledger.
Explain the purpose of a ledger.

Record transactions in a ledger A/Cs.


Exposition of new concepts and detailed discussion.
Exposition and summary in tabular form


A ledger book.


A ledger.
New Inventor KLB BOOK III Pg 117
New Inventor KLB BOOK III 118-120
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 1-2
THE LEDGER.
Purchase of goods and purchase of stock in cash / on credit.
Purchase returns.
Sale returns.
Expenses in ledger account.
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.
Record sales returns in ledger account.
Record expenses in ledger account.
Exposition;
Oral questions;
Guided discovery.
Guided discovery;
Numerous examples.
Worked examples;
Supervised practice.
Practical activity;
The Ledger.
New Inventor KLB BOOK III Pg 127-9
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 1-2
THE LEDGER.
Balancing ledger accounts.
Balancing an account with only one entry.
Uses of ledger accounts.
Trial balance. Purpose of a trial balance.
By the end of the lesson, the learner should be able to:
Balance ledger accounts.
Balance an account with only one entry.
Outline uses of ledgers.
Identify features of a trial balance.
Explain the purpose of a trial balance.
Oral questions;
Guided discovery;
Numerous examples.
Worked examples.
Probing questions;
Guided discussion.
Q/A: review meaning of a trial balance;
Guided discussion.
The Ledger.
chart
New Inventor KLB BOOK III Pg 133-4
6 3
THE LEDGER.
Limitations of a trial balance.
Classification of ledger accounts.
By the end of the lesson, the learner should be able to:
Outline limitations of a trial balance with reference to ?hidden? errors.
Outline errors that may cause a trial balance not to balance.
Distinguish personal from impersonal accounts.
Outline types of ledgers.
Exposition of new concepts;
Guided discussion.
Probing questions;
Discussion.
chart
New Inventor KLB BOOK III Pg 138-9
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 1-2
THE LEDGER.
THE CASH BOOK
Topic review.
Types of cash books. Single- column cash book.
By the end of the lesson, the learner should be able to:
Answer review questions correctly.


List types of cashbooks.
Identify features of a single-column cash book.
Post entries in a single-column cash book.
Answer questions from revision exercise.



Worked examples.
Written assignment.




Single-column cash book.
New Inventor KLB BOOK III Pg 142-9
New Inventor KLB BOOK III Pg 151-2
7 3
THE CASH BOOK
The two- column cash book.
Ledger accounts from three-column cash book.
By the end of the lesson, the learner should be able to:
Balance off the two- column cash book.
Post transactions from three-column cash book to ledger accounts.
Worked examples.
Written assignment.
Worked examples.
Supervised exercise.
Probing questions;
Illustrated examples;
Guided discussion.
Two-column cash book.
3-column cash book, the ledger.
New Inventor KLB BOOK III Pg 155-6
7 4
THE CASH BOOK
The three-column cash book.
By the end of the lesson, the learner should be able to:
Record transactions in a three-column cash book.
Balance off the three- column cash book.
Worked examples illustrating transactions in a 3- column cash book.
Supervised practice.
Written exercise.
3-column cash book.
New Inventor KLB BOOK III Pg 156-9

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