Ordinary Level Notes Archives - Page 112 of 180 - Free ZIMSEC & Cambridge Revision Notes

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

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

Cambrige Notes: Principles of Accounting: Disposal of Fixed Assets

By Garikai Dzoma|2025-02-12T09:32:42+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: Disposal of Fixed Assets

Eventually all fixed assets (non-current assets) bought for resale reach their end of life
More often than not a non-current asset is sold way before it reaches its end of life
This can happen for any number of reasons:
- To raise cash and improve the business’s liquidity […]

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Cambrige Notes: Principles of Accounting: The Sales Ledger
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Cambrige Notes: Principles of Accounting: The Sales Ledger

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

Cambrige Notes: Principles of Accounting: The Sales Ledger

By Garikai Dzoma|2025-02-12T09:35:58+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: The Sales Ledger

A sale occurs when goods bought with intention of reselling them are sold
We have already looked at the Sales Day Book and the Sales Leger here
We have already looked at how transactions can be entered in the Sales Day Book and transferred to the […]

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Cambrige Notes: Principles of Accounting: Bank Reconciliation Statement Overdraft Example
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Cambrige Notes: Principles of Accounting: Bank Reconciliation Statement Overdraft Example

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

Cambrige Notes: Principles of Accounting: Bank Reconciliation Statement Overdraft Example

By Garikai Dzoma|2025-02-12T09:39:21+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: Bank Reconciliation Statement Overdraft Example

We have looked at the process of preparing bank statements here
We also looked at an example here
However we have made the distinction between a debit bank balance an an overdrawn account
We will now look at an example of how to […]

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Cambrige Notes: Principles of Accounting: Introduction to Prepayments and Accruals
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Cambrige Notes: Principles of Accounting: Introduction to Prepayments and Accruals

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

Cambrige Notes: Principles of Accounting: Introduction to Prepayments and Accruals

By Garikai Dzoma|2025-02-12T09:42:35+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 Prepayments and Accruals

It has been stated in another topic that financial statements are prepared using the matching concept
The concept states that when calculating profit:
Revenue must be matched with expenditure incurred in generating that revenue
In a simple and very small business most if not all transactions […]

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Cambrige Notes: The Accounting Cycle
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Cambrige Notes: The Accounting Cycle

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

Cambrige Notes: The Accounting Cycle

By Garikai Dzoma|2025-02-12T09:46:14+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 Notes: The Accounting Cycle

As has already been pointed out accounting includes the recording and presentation of transactions
This recording and presentation is done in a systemic manner i.e. it follows a set pattern
This pattern is known as the accounting cycle
The accounting cycle refers to the sequence of six […]

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Cambrige Notes: The Cash Book
Cambrige Notes: The Cash Book

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

Cambrige Notes: The Cash Book

By Garikai Dzoma|2025-02-12T08:59:27+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cash Book Example. Frank Wood's Business Accounting I Cash Book Example. Frank Wood’s Business Accounting I

ZIMSEC O Level Principles of Accounts: Books of Original Entry: Cash Book

The Cash Book consists of the cash account and the bank account put together in one book.
The result is that all monies paid […]

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Cambrige Notes: Double Entry Exercise and Solutions
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Cambrige Notes: Double Entry Exercise and Solutions

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

Cambrige Notes: Double Entry Exercise and Solutions

By Garikai Dzoma|2025-02-12T09:02:48+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

ZIMSEC O Level Principles of Accounts: Double Entry Exercise and Solution[/title

You are required to open the asset and liability and capital accounts and record the following transactions for June 20X8 in the records of T. Moyo. 20X8

June 1 Started business with $12,000 in cash.
2 Paid $11 700 of the opening cash into a bank account for […]

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Cambrige Notes: Sole Trader: Simple Statement of Financial Position Example 1
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Cambrige Notes: Sole Trader: Simple Statement of Financial Position Example 1

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

Cambrige Notes: Sole Trader: Simple Statement of Financial Position Example 1

By Garikai Dzoma|2025-02-12T09:06:10+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: Sole Trader: Simple Statement of Financial Position Example 1

From the following trial balance of S Madondo, extracted after one year’s trading, prepare a trading and profit and loss account for the year ended 31 December 20X6 and a Statement of Financial Position as at 31 December 20×6

Inventory at 31 […]

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Commerce: Effective Communication
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Commerce: Effective Communication

Notes, O Level Commerce Notes, Ordinary Level Notes

Commerce: Effective Communication

By garikaib|2025-02-12T08:59:17+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Communication: Effective Communication

We have already looked at the basics of the communication process here
As mentioned in that introduction communication occurs between a sender and receiver
We have also looked at the importance of communication to commerce and businesses here
For communication to be useful it has to be effective
Communication […]

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O Level Computer Science: Hardware and Software: Introduction
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O Level Computer Science: Hardware and Software: Introduction

Computer Science, Notes, Ordinary Level Notes

O Level Computer Science: Hardware and Software: Introduction

By Charlton Chipandambira|2025-02-12T09:32:55+02:00February 12th, 2025|Computer Science, Notes, Ordinary Level Notes|

ZIMSEC O Level Computer Science Notes: Hardware and Software: Introduction

A computer system is made up of two important elements which are hardware and software.
A computer is defined as an electronic device capable of accepting data (raw facts and figures)as input, processes (works on it) produces information (data converted into a meaningful […]

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February 2025