Cambridge O Level/ IGSCE Accounts Notes Archives - Page 15 of 19

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

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

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

By Garikai Dzoma|2025-02-12T09:30:05+02:00February 12th, 2025|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

This is a solution of the question shown here
We have also looked at accounting for non-profits here this is a solution to an example on the topic
It is a continuation of the answer that started here
First we need to […]

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Cambrige Notes: Principles of Accounting: Introduction to Provision for Doubtful Debts
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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|2025-02-12T09:33:35+02:00February 12th, 2025|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 […]

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Cambrige Notes: Principles of Accounting: General Ledger
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Cambrige Notes: Principles of Accounting: General Ledger

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

Cambrige Notes: Principles of Accounting: General Ledger

By Garikai Dzoma|2025-02-12T09:36:45+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: General Ledger

We has already been pointed out:
1. Credit purchases are recorded in the Purchases Leger after they have been recorded in the Purchases Day Book/Purchases Journal
2. Credit Sales are recorded in the Sales ledger with the Sales Day Book/Sales Journal being the book of original […]

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Cambrige Notes: Principles of Accounting: Errors that are not revealed by a Trial Balance
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Cambrige Notes: Principles of Accounting: Errors that are not revealed by a Trial Balance

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

Cambrige Notes: Principles of Accounting: Errors that are not revealed by a Trial Balance

By Garikai Dzoma|2025-02-12T09:40:07+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Errors that are not revealed by a Trial Balance

A Trial Balance can reveal a number of errors as pointed out here
A number of errors however do not affect the balancing of a Trial Balance
This means such errors will remain hidden
To find out what errors are not […]

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Cambrige Notes: Principles of Accounting: Introduction to depreciation
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Cambrige Notes: Principles of Accounting: Introduction to depreciation

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

Cambrige Notes: Principles of Accounting: Introduction to depreciation

By Garikai Dzoma|2025-02-12T09:43:31+02:00February 12th, 2025|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 […]

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Cambrige Notes: Principles of Accounting: Bank Statement
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Cambrige Notes: Principles of Accounting: Bank Statement

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

Cambrige Notes: Principles of Accounting: Bank Statement

By Garikai Dzoma|2025-02-12T08:56:27+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Source Documents:Bank Statement

It is a document or report released (on a fixed date every month) by banks
It lists:
- The balance at the beginning of the period
- deposits,
- withdrawals,
- checks paid,
- interest earned,
- service charges
- penalties incurred if any
- The balance at the end of the period
on a given […]

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Cambrige Notes: Purchases Return Day Book Example
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Cambrige Notes: Purchases Return Day Book Example

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

Cambrige Notes: Purchases Return Day Book Example

By Garikai Dzoma|2025-02-12T09:00:28+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Purchases Return Day Book Example

You are to enter up the Purchases Day Book and the Returns Outwards Day Book from the following details, then to post the items to the relevant accounts in the Purchases Ledger and to show the transfers to the General Ledger at the end of the month.

May 2013

1 Credit […]

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Cambrige Notes: Introduction to Debentures
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Cambrige Notes: Introduction to Debentures

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

Cambrige Notes: Introduction to Debentures

By Garikai Dzoma|2025-02-12T09:03:32+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Introduction to Debentures
A debenture certificate. Image credit scripophily.net

These are loan stocks that are issued to the company.
A debenture is simply a document or certificates that acknowledges said loan.
Debentures are […]

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Cambrige Notes: Building Societies
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Cambrige Notes: Building Societies

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

Cambrige Notes: Building Societies

By Garikai Dzoma|2025-02-12T09:06:47+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Money and Banking: Building Societies

Building Societies

Is a type of a financial institution.
A building society is a financial organization which pays interest on investments by its members and lends capital for the purchase or improvement of houses.
The following building societies currently operate in Zimbabwe: CBZ Building Society, ZB building society, CABS […]

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Cambrige Notes: Principles of Accounting: Partnerships: Basic guidelines when answering questions
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Cambrige Notes: Principles of Accounting: Partnerships: Basic guidelines when answering questions

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

Cambrige Notes: Principles of Accounting: Partnerships: Basic guidelines when answering questions

By Garikai Dzoma|2025-02-12T09:20:42+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Accounting for Partnerships: Capital and Current Accounts

As we will continue to emphasize throughout the topic
You ought to pay attention to the requirements of the question and follow these
Where there are no guidelines or the question is silent remember the following provisions:
- Profits and losses are to be […]

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February 2025