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: Incomplete and Single Entry Example 1 solution

By |2022-09-15T12:31:55+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

  • This the solution to our first example question on incomplete and single entry
  • First we need to calculate the Sales figure for the year ended 30 April 20×9:

Sales Figure Calculation

  • Then we need to ascertain purchases for the year:

Purchases Figure Calculation

Income Statement for the year ended 30 April 20×9

NB This is how arrived at the Miscellaneous […]

Read More
Comments Off on Cambrige Notes: Principles of Accounting: Incomplete and Single Entry Example 1 solution

Cambrige Notes: Principles of Account: Incomplete and Single Records Example 2

By |2022-09-15T12:31:55+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: Single entry and Incomplete records: Example 2

  • Our first example on this topic was relatively straight forward
  • We will now look at a more challenging and comprehensive example
  • On how to create Financial Statements in cases where only single entry and incomplete records are kept

The Question

William Sachikonye runs a second-hand […]

Read More
Comments Off on Cambrige Notes: Principles of Account: Incomplete and Single Records Example 2

Cambrige Notes: Principles of Accounting: William Sachikonye Income Statement

By |2022-09-15T12:31:56+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: Single entry and Incomplete records: Example 2

  • This is a solution including workings for the question posted here
  • We are attempting to create an Income Statement so naturally we will start by calculating the sales figure for the year

Sales calculation for the year ended 31 March 20×6

NB This is […]

Read More
Comments Off on Cambrige Notes: Principles of Accounting: William Sachikonye Income Statement

Cambrige Notes: Principles of Accounting: William Sachikonye Statement of Financial Position

By |2022-09-15T12:31:56+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: Single entry and Incomplete records: Example 2

William Sachikonye Statement of Financial […]

Read More
Comments Off on Cambrige Notes: Principles of Accounting: William Sachikonye Statement of Financial Position

Cambrige Notes: Principles of Accounting: Accounting for non profit organisations

By |2022-09-15T12:31:57+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: Accounting for non profit organisations

  • While it is true that the majority of entities exist primarily to make a profit
  • There are still a large number of organisations which are not for profit
  • While profit is the overriding aim in for profit business
  • Non profit organisations are driven by other goals […]
Read More
Comments Off on Cambrige Notes: Principles of Accounting: Accounting for non profit organisations

Cambrige Notes: Principles of Accounting: Accounting for Non-Profits Example

By |2022-09-15T12:31:58+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: Accounting for non profit organisations Example

On 1 January 20X8 The Lake Chivero Angling Club had the following assets:

  • Cash at bank $200
  • Snack bar stocks $800
  • Club house buildings $12,500

During the […]

Read More
Comments Off on Cambrige Notes: Principles of Accounting: Accounting for Non-Profits Example

Cambrige Notes: Principles of Accounting: Non-Profits Example: Income and Expenditure Account

By |2022-09-15T12:31:58+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: Accounting for non profit organisations Example

The Receipts and Payments Account

Chivero Angling Club Snack Bar Income Statement

Chivero Angling Club Income and Expenditure Account for the year ended 31 […]

Read More
Comments Off on Cambrige Notes: Principles of Accounting: Non-Profits Example: Income and Expenditure Account

Cambrige Notes: Principles of Accounting: Non-Profits Example: Statement of Financial Position

By |2022-09-15T12:31:59+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: Accounting for non profit organisations Example

Read More
Comments Off on Cambrige Notes: Principles of Accounting: Non-Profits Example: Statement of Financial Position

Cambrige Notes: Principles of Accounting: Introduction to Departmental Accounts

By |2022-09-15T12:31:59+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 Departmental Accounts

  • It is customary to split a large business into various departments
  • For example large retail shops like Pick n’ Pay and OK
  • A shop might have:
    • A furniture department e.g. kitchen tables and chairs
    • Home electrical e.g. irons and fridges
    • Refrigerated foods
    • Fruit and Veggies
    • Liquor
    • Cleaning

      • […]

Read More
Comments Off on Cambrige Notes: Principles of Accounting: Introduction to Departmental Accounts

Cambrige Notes: Principles of Accounting: Departmental Accounting Example

By |2022-09-15T12:31:59+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 Departmental Accounts Example

Example Question

From the following list of balances you are required to prepare a departmental Income Statement in columnar form for the year ended 31 March 20X5, in […]

Read More
Comments Off on Cambrige Notes: Principles of Accounting: Departmental Accounting Example
Toggle Sliding Bar Area
Go to Top