About Garikai Dzoma

This author has not yet filled in any details.
So far Garikai Dzoma has created 185 blog entries.

January 2023

Cambrige Notes: Principles of Accounting: Both prepaid and accrued income and expenses

By |2022-09-15T12:31:38+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Both prepaid and accrued income and expenses

Read More
Comments Off on Cambrige Notes: Principles of Accounting: Both prepaid and accrued income and expenses

Cambrige Notes: Principles of Accounting: Introduction to depreciation

By |2022-09-15T12:31:38+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Introduction to depreciation

  • In the beginning we looked at basic terms
  • One of these terms we defined was fixed assets which we defined assets that are held by a firm in the long-term  and are used in the production of its income and are not expected to be consumed or converted […]
Read More
Comments Off on Cambrige Notes: Principles of Accounting: Introduction to depreciation

Cambrige Notes: Sole Trader Final Accounts:G Musandu Trial Balance Question

By |2022-09-15T12:31:09+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Sole Trader: Trading and profit and loss accounts and balance sheets: Other items

From the following trial balance of G Musandu, draw up a trading and profit and loss account for the year ended 30 September 20X9, and a balance sheet as at that date.

G Musandu

Trial Balance as at […]

Read More
Comments Off on Cambrige Notes: Sole Trader Final Accounts:G Musandu Trial Balance Question

Cambrige Notes: G Musandu Solution:Trading and Profit and Loss Account

By |2022-09-15T12:31:09+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Sole Trader: Trading and profit and loss accounts and balance sheets: Other items

  • This is a solution to the question here.

G Musandu

Trading and Profit and Loss Account (Income Statement) for the year ended 31 September 20×9

  • Sales returns and Returns inwards are the same thing

    • […]

Read More
Comments Off on Cambrige Notes: G Musandu Solution:Trading and Profit and Loss Account

Cambrige Notes: G Musandu: Solution: Statement of Financial Position

By |2022-09-15T12:31:10+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Sole Trader: Trading and profit and loss accounts and Statement of Financial Position: Other items

  • This is the Statement of Financial Solution for the Trial Balance Question found here.

G Musandu

Statement of Financial Position as at 30 September 20×9

To access more topics go to the

Read More
Comments Off on Cambrige Notes: G Musandu: Solution: Statement of Financial Position

Cambrige Notes: Entries into the Cash Book

By |2022-09-15T12:31:10+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: The Cash Book:Entries into the Cash Book

  • We have already looked at the Cash Book here
  • We will now look at some typical transactions and the entries that will have to be made in the Cash Book the following example:

Write up a two-column cash book for a S Munodei’s Furniture Shop […]

Read More
Comments Off on Cambrige Notes: Entries into the Cash Book

Cambrige Notes: Cash Discount,Discount Received and Discount Allowed

By |2022-09-15T12:31:11+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: The Cash Book:Discount Received and Discount Allowed

  • Businesses prefer it if their customers pay quickly
  • Businesses may thus accept a sum slightly lower than the invoice amount in settlement of a debt if payment is made within a certain period
  • This reduction is known as a cash discount
  • Cash discount-an amount given in exchange and […]
Read More
Comments Off on Cambrige Notes: Cash Discount,Discount Received and Discount Allowed

Cambrige Notes: Discount Allowed and Discount Received entries

By |2022-09-15T12:31:12+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: The Cash Book:Discount Allowed and Discount Received entries

  • Consider the following entries and enter them into the books of J Haudzwi

July 20×9
1 Started the business with $1000 Cash
3 Deposited $600 from the cash at hand into the bank
10 Bought goods on Credit from J Mafana for $360
15 Sold Goods […]

Read More
Comments Off on Cambrige Notes: Discount Allowed and Discount Received entries

Cambrige Notes: Principles of accounts:Bank Overdrafts

By |2022-09-15T12:31:13+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: The Cash Book:Bank Overdrafts

  • Bank overdrafts are a way for businesses to borrow money in the short term
  • With bank overdrafts the business is allowed to withdraw and/or make payments that exceed the business’s bank balance
  • For example a business has a balance of $200 in its bank account
  • The business […]
Read More
Comments Off on Cambrige Notes: Principles of accounts:Bank Overdrafts

Cambrige Notes: Principles of Accounts:Bank Overdraft example

By |2022-09-15T12:31:13+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Overdraft receipt. Note an overdraft is an asset to the bank. Image credit consumerist.com Overdraft receipt. Note an overdraft is an asset to the bank. Image credit consumerist.com

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: The Cash Book: Bank Overdraft example

  • Consider the following entries and enter into the books of J […]
Read More
Comments Off on Cambrige Notes: Principles of Accounts:Bank Overdraft example
Toggle Sliding Bar Area
Go to Top