Ordinary Level Notes Archives - Page 10 of 180 - Free ZIMSEC & Cambridge Revision Notes

Business Studies: Competition, Controlling Imports and Exports
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Business Studies: Competition, Controlling Imports and Exports

Notes, O Level Business Studies Notes, Ordinary Level Notes

Business Studies: Competition, Controlling Imports and Exports

By garikaib|2025-02-12T09:30:13+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Aiding and influencing the businesses: Competition, Controlling Imports and Exports

The government has a lot of incentives to control and regulate the operation of businesses
Control and regulation can be achieved in a number of ways
In this topic we will look at economic policies of the government
These include:
Regulating competition

[…]

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Principles of Accounting: Discount Allowed entries simple example
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Principles of Accounting: Discount Allowed entries simple example

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Discount Allowed entries simple example

By garikaib|2025-02-12T09:10:32+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Source Documents: Three Column Cash Book: Discount Allowed Example

We have already looked at Discount Allowed here
Here we will look at a simple example in order to look at the entries you need to make
We sold goods worth $500 to J Chimusoro on credit on 8 January
On January 12 […]

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Principles of Accounting: Trial Balance and Errors
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Principles of Accounting: Trial Balance and Errors

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Trial Balance and Errors

By garikaib|2025-02-12T09:01:50+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Trial Balance and Errors

As already stated there are two main reasons for preparing a Trial Balance:
1. It is used as a starting point for preparing financial statements
2. To check for errors in the accounting system
Given that the second purpose of a Trial Balance is to check for errors in […]

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Principles of Accounting: Both prepaid and accrued income and expenses
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Principles of Accounting: Both prepaid and accrued income and expenses

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Both prepaid and accrued income and expenses

By garikaib|2025-02-12T09:31:59+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Both prepaid and accrued income and expenses

We have already looked at the treatment of:
However the assumption in each case was that these cases would occur in isolation
That is for example only an accrual would occur and […]

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

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Accounting for Capital and Revenue Expenditure

By garikaib|2025-02-12T09:16:15+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts 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 Ledger […]

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Principles of Accounting: Current Asset Ratio
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Principles of Accounting: Current Asset Ratio

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Current Asset Ratio

By garikaib|2025-02-12T09:34:59+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: 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 and when […]

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

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Introduction to Departmental Accounts

By garikaib|2025-02-12T09:30:46+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: 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
- Foodstuffs etc

[…]

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Principles of Accounting: Partnership Financial Statements Example
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Principles of Accounting: Partnership Financial Statements Example

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Partnership Financial Statements Example

By garikaib|2025-02-12T09:28:29+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Accounting for Partnerships: Partnership Financial Statements Example

As already said elsewhere partnerships also prepare Financial Statements at the end of every period
These do not differ much from say those of a Sole Trader
Financial Statements of a Partnership include:
An Income Statement for the period ended
An Appropriation account for the […]

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Biology Notes: Chemicals of Life: Proteins
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Biology Notes: Chemicals of Life: Proteins

Notes, O Level Biology Notes, Ordinary Level Notes

Biology Notes: Chemicals of Life: Proteins

By garikaib|2025-02-12T09:26:05+02:00February 12th, 2025|Notes, O Level Biology Notes, Ordinary Level Notes|

ZIMSEC O Level Biology Notes: Chemicals of Life: Proteins

Proteins are an essential nutrient to the human body as well as to other animals
They are the building blocks of body tissue
They also act as a fuel reserve and are used up after carbohydrates and fats stores have been exhausted
Proteins are thus very important for […]

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