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

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|2022-09-15T12:31:03+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 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|2022-09-15T12:30:50+02:00January 24th, 2023|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|2022-09-15T12:32:04+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 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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Cambrige Notes: Principles of Accounting: Statement of Financial Position Example
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Cambrige Notes: Principles of Accounting: Statement of Financial Position Example

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

Cambrige Notes: Principles of Accounting: Statement of Financial Position Example

By Garikai Dzoma|2022-09-15T12:32:07+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 Partnerships: Partnership Financial Statements Example

This is the second part solution to the question that was posted here
The first part of the solution to this question can be found here
It examines the basic structure of Financial Statements of partnerships
In this part we will examine […]

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Cambrige Notes: Principles of Accounting: Current Asset Ratio
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Cambrige Notes: Principles of Accounting: Current Asset Ratio

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

Cambrige Notes: Principles of Accounting: Current Asset Ratio

By Garikai Dzoma|2022-09-15T12:31:51+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 Liquidity Ratios: Current Asset Ratio

As pointed out in the introduction
One of the liquidity ratios that you need to be familiar with is the Current Asset Ratio
Like all liquidity ratios it measures how well a business will be able to settle its short term obligations as […]

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Cambrige Notes: Principles of Accounting: Introduction to Departmental Accounts
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Cambrige Notes: Principles of Accounting: Introduction to Departmental Accounts

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

Cambrige Notes: Principles of Accounting: Introduction to Departmental Accounts

By Garikai Dzoma|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

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

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Cambrige Notes: Principles of Accounting: Balancing off the accounts
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Cambrige Notes: Principles of Accounting: Balancing off the accounts

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

Cambrige Notes: Principles of Accounting: Balancing off the accounts

By Garikai Dzoma|2022-09-15T12:31:29+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: Balancing off the accounts

Thus far we have only looked at how to record various transactions including:
1. Purchases
2. Sales
3. Returns Outwards and Returns Inwards
4. Other transactions such as those found in the General Ledger
You might have noticed an entry that is listed as “Balance c/d” or “Balance b/d” […]

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Cambrige Notes: Principles of Accounting: Correcting Errors
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Cambrige Notes: Principles of Accounting: Correcting Errors

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

Cambrige Notes: Principles of Accounting: Correcting Errors

By Garikai Dzoma|2022-09-15T12:31:31+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: Correcting Errors

Errors are not uncommon in accounting processes
Often these errors are discovered and revealed at a later date than on the date they were made
Errors should not be corrected by tearing/cancelling out the wrong number or similar methods
Instead they are corrected by making Journal entries
Examination […]

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

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

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

By Garikai Dzoma|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 […]

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January 2023