Third Term Lesson Note for Week One
Class : JSS 1
Subject : Business Studies
Topic : Source Documents
Duration : 40 Minutes
Period : Single Period
Reference Book :
- Business Studies for Junior Secondary School, JSS 1.
- Lagos State Unified schemes of work for Junior Secondary School, JSS 1 – 3.
- Online Resources
Instructional Material : Chart showing the picture of invoice, voucher, receipt
Previous Knowledge : Learners are familiar with some of the document used in the office or school.
Learning Objectives : By the end of the lesson learners will be able to :
i. Meaning of Source documents
ii. Identify and list examples of source documents
iii. Explain the types of source documents
Content :
Definition of Source Document
A source document is a form in which transaction are firstly recorded before posted to their respective books
Source document includes :
- Invoice
- Receipt
- Debit note
- Credit note
- Cash register
- Voucher
- Cheque
INVOICE – invoice is a document given out by the seller to the buyer whenever the seller sells goods. It contains the name and address of the buyer and seller, the quantity, price of goods sold and a reference to the customer orders number.
RECEIPT – Is a document issued to the buyer to indicate that some amount of money has been paid for buying a particular goods. Receipt is a legal proof of payment.
CASH REGISTER – (machine): This contains the summary of each sales in a given period.
The machine can record the amount of sales, types of goods, produce a receipt and as well the amount balance. This is found in eatery – Mr. Biggs, Supermarket, big bookshop etc.
DEBIT NOTE: Is issued by the seller to the buyer whenever the buyer has been undercharged.
CREDIT NOTE: It is issued by supplier when a buyer returns goods to the supplier and also used to correct error of overcharge credit not is printed red.
CHEQUE: Is a written order to a bank to pay a specific sum of money to a person whose name appear on the cheque.
VOUCHER: Is a source document used for obtaining authorization for a payment whether by cash or by cheque.
| Date | Particular of payment | Amount |
|
|
VOUCHER
|
FIDELINK TECH NIG LTD. ——————————— 08012345678 NO: 05397 Date: ………………… Received by The sum of : ……………………………………… …………………………………………………………………. Being part payment for _________________ __________________________________________ THANKS
________________ Signature |
EVALUATION
Write short note on the following source document :
- Invoice
- Receipt
- Debit note
- Credit note
CONCLUSION : The teacher summarizes the lesson for a better understanding of the learners.
ASSIGNMENT
List and explain 5 source documents