Cambridge O Level/ IGSCE Accounts Notes Archives - Page 3 of 19

Cambrige Notes: Stakeholders of the Business
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Cambrige Notes: Stakeholders of the Business

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

Cambrige Notes: Stakeholders of the Business

By Garikai Dzoma|2025-02-12T09:00:38+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: Stakeholders of the Business

Many people are involved in running a business.
Some have direct interest while others have indirect interest in the running of the business.
These individuals or groups are known as stakeholders.
At any given time and during each and every business operation each stakeholder group will have […]

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Cambrige Notes: Multinational Companies/ Trans National Companies
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Cambrige Notes: Multinational Companies/ Trans National Companies

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

Cambrige Notes: Multinational Companies/ Trans National Companies

By Garikai Dzoma|2025-02-12T09:03:49+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: Multinational Companies/ Trans National Companies

These are large limited liability companies with branches in other countries and a headquarters in one country.
Control is centralized and products have very similar features
for example Zimplats (Implats), Coca Cola, Shell and BP.

Advantages

To host country

Multinational companies bring several […]

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Cambrige Notes: The clearing of cheques
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Cambrige Notes: The clearing of cheques

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

Cambrige Notes: The clearing of cheques

By Garikai Dzoma|2025-02-12T09:06:58+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Money and Banking: The clearing of Cheques.

There are three ways and circumstances in which a cheque may be cleared.

If the payee and drawer use the same bank and branch

The payee deposits the cheque into his/her account.
The payee is credited and,
The drawer is debited.

If the payee and drawer use the same […]

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Cambrige Notes: Principles of Accounting: Capital and Current Accounts Example
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Cambrige Notes: Principles of Accounting: Capital and Current Accounts Example

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

Cambrige Notes: Principles of Accounting: Capital and Current Accounts Example

By Garikai Dzoma|2025-02-12T09:20:50+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 Example

Bearing in mind what we have said in the introduction to capital and current accountshere
And the basic guidelines here
It is important to add the fact in this topic will mostly deal with making entries into Capital and Current […]

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Cambrige Notes: Principle of Accounting: The concept of goodwill
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Cambrige Notes: Principle of Accounting: The concept of goodwill

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

Cambrige Notes: Principle of Accounting: The concept of goodwill

By Garikai Dzoma|2025-02-12T09:24:14+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: The concept of goodwill

It is not unusual for a business to be bought or sold as a going concern i.e.
The entire business (or business unit) and its related assets and liabilities
Often when a business is sold or bought it is at a price that is […]

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Cambrige Notes: Principles of Accounting: Acid Test Ratio / Quick Asset Ratio
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Cambrige Notes: Principles of Accounting: Acid Test Ratio / Quick Asset Ratio

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

Cambrige Notes: Principles of Accounting: Acid Test Ratio / Quick Asset Ratio

By Garikai Dzoma|2025-02-12T09:27:41+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 Liquidity Ratios: Acid Test Ratio / Quick Asset Ratio

As pointed out in our discussion of the Current Asset Ratio
Including stock when calculating stock might not be desirable
This is because it might not always be easy to turn the asset of stock/inventory into liquid cash so […]

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Cambrige Notes: Principles of Accounting: Departmental Accounting Example
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Cambrige Notes: Principles of Accounting: Departmental Accounting Example

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

Cambrige Notes: Principles of Accounting: Departmental Accounting Example

By Garikai Dzoma|2025-02-12T09:30:35+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 Departmental Accounts Example

We have already looked at the basics of departmental accounting here
Now it is time to look at an 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 […]

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Cambrige Notes: Principles of Accounting: Capital and Revenue Expenditure
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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|2025-02-12T09:34:04+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: 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 […]

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Cambrige Notes: Principles of Accounting: Balancing off the Accounts Example
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Cambrige Notes: Principles of Accounting: Balancing off the Accounts Example

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

Cambrige Notes: Principles of Accounting: Balancing off the Accounts Example

By Garikai Dzoma|2025-02-12T09:37:11+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: Balancing off the Accounts Example

We have already looked at the steps you need to take when balancing off the accounts here
We will now look at a simple example:

The following transactions took place in the books of Esnath Pasipanodya in the month of August

20X7
August
1 Credit sales G Wadii $310; […]

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Cambrige Notes: Principles of Accounting: Correcting errors example
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Cambrige Notes: Principles of Accounting: Correcting errors example

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

Cambrige Notes: Principles of Accounting: Correcting errors example

By Garikai Dzoma|2025-02-12T09:40:37+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: Correcting errors example

February 2025

Example Question

Capital Expenditure