February 2025

Cambrige Notes: Principles of Accounting: Introduction to Bank Reconciliation Statements

By |2025-02-12T09:38:40+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 Bank Reconciliation Statements

  • When we looked at the Cash Book we mentioned that all bank related transactions are recorded in it
  • We glaringly ignored one fact the bank is also a business
  • They have their own set of records about our deposits and withdrawals
  • In modern times due […]
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Cambrige Notes: Principles of Accounting: The Accruals concept and the Materiality concept

By |2025-02-12T09:41:52+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 Accruals concept and the Materiality concept

  • As we has already been pointed out in another topic here
  • The accounting function is governed by several concepts which form part of what are known as International Financial Reporting Standards
  • In this topic we will look at:
    1. The Accruals/Matching Concept and

      2. […]

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Cambrige Notes: Principles of Accounts:Bank Overdraft example

By |2025-02-12T09:45:23+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Overdraft receipt. Note an overdraft is an asset to the bank. Image credit consumerist.com Overdraft receipt. Note an overdraft is an asset to the bank. Image credit consumerist.com

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: The Cash Book: Bank Overdraft example

  • Consider the following entries and enter into the books of J […]
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Cambrige Notes: Making Entries from Sales Day Book into the Sales Ledger Example

By |2025-02-12T08:58:24+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: Posting to the Sales Ledger from the Sales Day Book

You are a bookkeeper for G Moyo. He are asks you to enter into the Sales Day Book the following transactions and post the items to them to their relevant accounts in the Sales Ledger and then show the transfer to the sales […]

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Cambrige Notes: Principles of Accounts: The Analytical Petty Cash Book

By |2025-02-12T09:01:51+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: The petty Cash Book: The Analytical Petty Cash Book

  • Although petty cash payments are varied in nature
  • In most businesses there are common items that benefit from  petty cash payments
  • For example motor repair expenses, petrol expenses, employee bus fare, stationary etc
  • For this reason in such businesses, the […]
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Cambrige Notes: Simple Trading and Profit and Loss Account Example 2

By |2025-02-12T09:05:17+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: Simple Trading and Profit and Loss Account (Income Statement) Example 2 

From the following trial balance of J Nhiwatiwa after his first year’s trading, you are required to
draw up a trading and profit and loss account for the year ended 30 June 20X8. A statement of financial position is not required.

Stock […]

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Cambrige Notes: Preparing a Trial Balance

By |2025-02-12T09:08:22+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: Preparing a Trial Balance

  • As already said a trial balance is extracted from the ledger accounts by listing all the credit and debit balances that are in the entity’s books at the end of each trading period.
  • The following steps are involved in the extraction and preparation of a trial […]
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Commerce: The External Business Environment

By |2025-02-12T09:46:16+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: The External Business Environment

  • In addition to internal factors that affect the operations of a business
  • There are external factors which also exert their influence
  • These external factors together constitute the external business environment
  • The external environment is sometimes known as PESTEL
  • This stands for the various components that make up a […]
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Chipauro (Adjective)

By |2025-02-12T09:37:31+02:00February 12th, 2025|O Level Shona Notes|

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Chipauro (Adjective)

Chipauro inzwi rinoshandiswa kutsanangura zita sokuti: Murume murefu.

Maumbirwo ezvipauro

Chipauro chinowirirana nezita rachirikutsanangura pazvivakashure zvacho. Chipauro chakaumbwa sezvizvi:

Chivakashure + Dzitsi rechipauro.

Mienzaniso

Zvivakashure zvezvipauro

Sezvaratidzwa pamusoro chipauro chinotora chivakashure chemupanda wezita rachirikutsanangura. Zvichireva kuti kana zita risina chivakashure chipauro chacho chinenge chisinawo chivakashure. Sokuti:

(ri-) + -chira (ri-) -chena           […]

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