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Explain the various accounts used in the running of the school

Explain the various accounts used in the running of the school

Answers

Dicktamba
1.Teacher's salaries account - it is used for record keeping during and to ease distribution of wages and salaries.
2. School generated income account - records of equity gains by the school through other businesses maybe farming are kept here.
3. Administration account - it is used to keep track of finances used by the school administrators in their efforts to run the school.
4. Maintenance and repair account - it helps to keep track on finances used in repairs of equipment in school.
5. Equipment account - record of the value of school equipment are kept here
6. Operation account - used to account for day to day finances used in school to meet the requires services
aluuz answered the question on August 18, 2019 at 14:58

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