Garikai Dzoma, Author at Free ZIMSEC & Cambridge Revision Notes

Cambrige Notes: Principles of Accounting: Disposal of Fixed Assets Example
Gallery
Cambrige Notes: Principles of Accounting: Disposal of Fixed Assets Example

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Principles of Accounting: Disposal of Fixed Assets Example

By Garikai Dzoma|2022-09-15T12:31:42+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: Disposal of Fixed Assets Example

Now that we have looked at the entries required to record depreciation
It is time to look at a simple example:

A business whose financial year ends at 31 December purchased on 1 January 20X7 a machine for $5,000. The machine was to be depreciated by ten […]

Comments Off

Cambrige Notes: Principles of Accounting: Introduction to Bad Debts
Gallery
Cambrige Notes: Principles of Accounting: Introduction to Bad Debts

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Principles of Accounting: Introduction to Bad Debts

By Garikai Dzoma|2022-09-15T12:31:42+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 Bad Debts

To understand the concept of Provision for Doubtful debts first we must look at Bad Debts
As outlined during the discussion of the matching/accruals concept
Most businesses conduct business on credit in addition to cash sales
Typically with cash sales payment is received when the […]

Comments Off

Cambrige Notes: Principles of Accounting: Bad Debts Recovered
Gallery
Cambrige Notes: Principles of Accounting: Bad Debts Recovered

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Principles of Accounting: Bad Debts Recovered

By Garikai Dzoma|2022-09-15T12:31:43+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: Bad Debts Recovered

We have looked at the concept of Bad and Doubtful Debts
For a number of reasons a debt that was previously considered bad might become recoverable:
- Maybe due to an agreement
- A court settlement/order
- The fortunes of the debtor improves
When this happens the debt must be […]

Comments Off

Cambrige Notes: Principles of Accounting: Introduction to Provision for Doubtful Debts
Gallery
Cambrige Notes: Principles of Accounting: Introduction to Provision for Doubtful Debts

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Principles of Accounting: Introduction to Provision for Doubtful Debts

By Garikai Dzoma|2022-09-15T12:31:43+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 Provision for Doubtful Debts

As we have pointed out in our examination of bad debts the story does not end there
In our discussion of bad debts we stated that bad debts are only written of in the period in which they occur
Sometimes this happens many periods […]

Comments Off

Cambrige Notes: Principles of Accounting: Bad Debts and Provision for Doubtful Debts Example
Gallery
Cambrige Notes: Principles of Accounting: Bad Debts and Provision for Doubtful Debts Example

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Principles of Accounting: Bad Debts and Provision for Doubtful Debts Example

By Garikai Dzoma|2022-09-15T12:31:44+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: Bad Debts and Provision for Doubtful Debts Example

We have looked at Bad Debts, Provision for Doubtful Debts and Bad Debts Recovered
Now we will look at an example:

A business, which started trading on 1 January 20X7, adjusted its doubtful debt provision at the end of each year on […]

Comments Off

Cambrige Notes: Principles of Accounting: Capital and Revenue Expenditure
Gallery
Cambrige Notes: Principles of Accounting: Capital and Revenue Expenditure

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Principles of Accounting: Capital and Revenue Expenditure

By Garikai Dzoma|2022-09-15T12:31:44+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: Capital and Revenue Expenditure

In accounting it is paramount to separate between revenue and capital expenditure
Naturally all business expenditure can be classified as either revenue or capital expenditure

Capital Expenditure

Capital expenditure is not to be confused with the capital account or capital in general
Capital expenditure is when a business […]

Comments Off

Cambrige Notes: Principles of Accounting: Accounting for Capital and Revenue Expenditure
Gallery
Cambrige Notes: Principles of Accounting: Accounting for Capital and Revenue Expenditure

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Principles of Accounting: Accounting for Capital and Revenue Expenditure

By Garikai Dzoma|2022-09-15T12:31:45+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 Capital and Revenue Expenditure

Now that we have explained the differences between capital and revenue expenditure
It is time to look at how these are recorded in the books
Obviously the treatment is not the same

Accounting Treatment of Capital Expenditure

Capital expenditure must be recorded in the General […]

Comments Off

Cambrige Notes: Principles of Accounting: The format of Manufacturing Accounts
Gallery
Cambrige Notes: Principles of Accounting: The format of Manufacturing Accounts

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Principles of Accounting: The format of Manufacturing Accounts

By Garikai Dzoma|2022-09-15T12:32:01+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 structure of Manufacturing Accounts

In the other post we introduced you to manufacturing accounts
In this post we will look at typical formats of manufacturing accounts
This is not to say there are different formats, no
We are merely going to present a simple manufacturing account
Followed by one […]

Comments Off

Cambrige Notes: Principles of Accounting: Example question Manufacturing Accounts
Gallery
Cambrige Notes: Principles of Accounting: Example question Manufacturing Accounts

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Principles of Accounting: Example question Manufacturing Accounts

By Garikai Dzoma|2022-09-15T12:32:01+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: Example question Manufacturing Accounts

Having looked at the nature of Manufacturing Accounts
And the structure of these accounts
It is time we look at a worked example

Manufacturing Accounts Example Question

E Makonese is a manufacturer. His trial balance at 31 December 20X8 is as follows:

Additional information:

Stocks at 31 […]

Comments Off

Cambrige Notes: Principles of Accounting: Solution to Manufacturing Accounts Example
Gallery
Cambrige Notes: Principles of Accounting: Solution to Manufacturing Accounts Example

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Principles of Accounting: Solution to Manufacturing Accounts Example

By Garikai Dzoma|2022-09-15T12:32:02+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: Example question Manufacturing Accounts

This is a solution to a Manufacturing Account question that was posted here
The introduction to Manufacturing Accounts and concepts related to the topic can be found here
We explored the nature and format of Manufacturing Accounts here
We will start by showing the […]

Comments Off

dzoma

About Garikai Dzoma

Cambrige Notes: Principles of Accounting: Disposal of Fixed Assets Example

Cambrige Notes: Principles of Accounting: Introduction to Bad Debts

Cambrige Notes: Principles of Accounting: Bad Debts Recovered

Cambrige Notes: Principles of Accounting: Introduction to Provision for Doubtful Debts

Cambrige Notes: Principles of Accounting: Bad Debts and Provision for Doubtful Debts Example

Cambrige Notes: Principles of Accounting: Capital and Revenue Expenditure

Capital Expenditure

Cambrige Notes: Principles of Accounting: Accounting for Capital and Revenue Expenditure

Accounting Treatment of Capital Expenditure

Cambrige Notes: Principles of Accounting: The format of Manufacturing Accounts

Cambrige Notes: Principles of Accounting: Example question Manufacturing Accounts

Manufacturing Accounts Example Question

Cambrige Notes: Principles of Accounting: Solution to Manufacturing Accounts Example

About Garikai Dzoma

January 2023

Capital Expenditure

Accounting Treatment of Capital Expenditure

Manufacturing Accounts Example Question