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BUSINESS STUDIES JSS3 SECOND TERM

last update on: 07/30/2025

BUSINESS STUDIES 

JSS 3 SECOND TERM 

WEEK TOPIC/CONTENTS 

ACTIVITIES 

IN THIS TERM LEARNERS

 SHOULD LOOKOUT FOR THE FOLLOWING IN DETAIL

1 

CONSUMER PROTECTION AND 

AWARENESS 

i. Meaning of consumer 

ii. Need for consumer protection 

iii. Rights of the consumer 

iv. Organs/agencies of consumer protection 

Teacher: Explain the meaning and needs of consumer

protection agencies and discuss on the roles and responsibilities of each consumer protection Agency. 

Students: Discuss on the meaning and need for consumer protection Agencies and visit consumer protection agency nearby. 

 

Specimen: flip charts and posters. 

 

2

HOW TO MAKE COMPLAINTS 

a. Meaning of complaint 

b. Justified complaint 

c. Unjustified complaint 

d. Steps in lodging complaints 

e. Writing a complaint letter. 

Teacher: Explain the meaning of complaint and discuss on the differences between justified and unjustified consumer 

complaints. 

Students: Define a complaint and distinguish between justified and unjustified. 

Specimen: charts and cardboard sheet 

should be used to sample a complaint letter for redress. 

 

 

3 

PERSONAL FINANCE 

 

i. Meaning of personal finance 

ii. Sources of finance for individual 

iii. Uses of personal budget 

iv. Scale of preference 

Teacher: Define personal finance and discuss the source of finance and items of personal budget. 

Students: Define personal finance and list the sources of funds. 

Specimen: cartons, posters, books, calculator and chalkboard to be used. 

 

 

4 

TRIAL BALANCE 

- Meaning of trial balance 

- Ruling of trial balance 

- Functions of trial balance 

- Opening of a ledger account 

- Entries into the ledger account. 

Teacher: define trial balance and explain the ruling and functions of trial balance. 

Students: Discuss the trial balance and explain the ruling of trial balance. 

Specimen: chalk board and ruler should be used for illustration 

 

5 

BALANCING THE LEDGER ACCOUNT 

i. Extraction of balances into the 

trial balance 

ii. Identify items of the balance 

sheet from the trial balance 

iii. Identification of profit and loss items from the trial balance 

Teacher: Explain the balance of the ledger account and list the items of balance sheet from the trial balance and profit and loss items. 

Students: Discuss balancing the ledger account and list the

items of balance sheet and profit and loss account. 

Specimen: Relevant textbooks or workbook 

 

6 

TRADING PROFIT AND LOSS ACCOUNT 

i. Purpose of preparing trading profit and loss account 

ii. Ruling of trading profit and loss account 

iii. Determination of cost of goods sold 

iv. Determination of gross profit 

Teacher: Explain the purpose of preparing trading Profit and Loss account with the ruling of the trading profit and loss

account. 

Students: Practice exercises in calculating the cost of goods sold, net sales and gross profit. 

Samples of practiced problems and exercises.  

 

7 

TRADING PROFIT AND LOSS ACCOUNT 

i. Determination of net sales (where there is returns inwards) 

ii. Determination of net profit or loss 

iii. Rules for constructing profit and loss account. 

Teacher: Discuss the determination of net sale, net profit or loss 

Students: Practice the exercises. 

Relevant textbook or workbook. 

 

8 

BALANCE SHEET 

i. Meaning of balance sheet 

ii. Ruling of balance sheet 

iii. Uses of the balance sheet 

iv. Classification of balance sheet items assets (fixed assets) 

v. Classification of balance sheet items (Fixed Assets) 

Teacher: Explain the meaning of a balance sheet, the uses of balance sheet and the items. 

Students: Define balance sheet and list the contents of balance sheet. 

Ruler, calculators, chalkboard and exercises should be used. 

 

9 

CLASSIFICATION OF BALANCE SHEET ITEMS 

i. Capital 

ii. Current liabilities 

iii. Preparation of a simple balance sheet. 

iv. Asset 

Teacher: Identify the items in the balance from trial Balance. 

Exercises should be taken. 

 

10 

BOOK KEEPING ETHICS 

i. Transparency – meaning 

ii. Accountability – meaning 

iii. Probity – meaning 

iv. Need for transparency, 

Accountability and probity (TAP) 

Teacher: Explain and give examples of: 

Accountability, Transparency and Probity 

(TAP) and guide the students to determine the need for TAP. 

Students: Participate in the discussion on the meaning of TAP

and explain TAP 

 

11 

REVISION 

12 

EXAMINATION