Ordinary Level Notes Archives - Page 79 of 180 - Free ZIMSEC & Cambridge Revision Notes

Double Entry Exercise and Solutions

By garikaib|2025-02-12T09:25:43+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

Remember there are two sides to every transaction. Image credit teslamotors.com 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 […]

Comments Off

Advice Note

By garikaib|2025-02-12T09:09:51+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Advice Note. Image credit Affordablecolourpint.co.uk ZIMSEC O Level Commerce Notes: Advice Note

Is sent by a supplier to a buyer.
It notifies the buyer that goods he/she ordered are now on the way.
It helps the customer to make arrangements to receive the goods.
It gives the buyer to […]

Comments Off

Advantages and disadvantages of Hire Purchase to the seller

By garikaib|2025-02-12T09:30:18+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Furniture shop. Image credit roomandboard.com ZIMSEC O Level Commerce Notes: Hire Purchase

Details shown on Hire Purchase goods

A description of the goods.
The cash price of the goods.
The total Hire Purchase Price i.e. the cash price + the relevant finance charges
The required deposit amount.
The amount and number […]

Comments Off

Bank Cards/Cheque Cards

By garikaib|2025-02-12T09:03:53+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

bank_card-min

ZIMSEc O Level Commerce Notes: Bank/ Cheque Cards

Cheque or Bank Card.

A bank card is issued to account holders by a bank.
It has the following information on it:
The name and signature of the cardholder.
The name of the bank which issued the card and its logo.
The expiry date of the card.
The terms and […]

Comments Off

Department Store

By garikaib|2025-02-12T09:22:46+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Greatermans. Image credit finacialgazette.co.zw ZIMSEC O Level Commerce Notes: Retail Trade: Department store

Department store

a multistory building with several shops under one roof
located in the city centre where land is more expensive
sells a wide range of goods in different departments
each department sells one line of goods
the buyer […]

Comments Off

Manufacturer’s warehouse depot

By garikaib|2025-02-12T09:40:11+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

Tools in a warehouse. Image credit tools-warehouse.co.uk ZIMSEC O Level Commerce Notes: Warehousing: Manufacturer’s warehouse depot

Manufacturers’s warehouse depot

They are used to store equipment and spares.
They are used to store finished manufactured goods.
They are used to store raw materials to be used in the […]

Comments Off

Advertising Media:Magazines

By garikaib|2025-02-12T09:05:20+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Magazine stand. Image credit blogspot.com Magazine stand. Image credit blogspot.com ZIMSEC O Level Commerce Notes: Advertising: Advertising Media:Magazines

Magazines

Advertisements in magazines may be:
In colour for greater impact.
Detailed.
Repeated if necessary.
Of high quality production.
Passed on to other readers
Made to cater for selected audiences.
The cost per each exposure is very low.
They provide a wide […]

Comments Off

Modes of transport: Air transport

By garikaib|2025-02-12T09:18:54+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Transport|

A DHL cargo plane. Image credit airnewstimes.co.uk ZIMSEC O Level Commerce Notes: Transport: Air transport

Air transport.

Advantages

Is fast over long distances.
It is a relatively safe mode of transporting goods i.e.:
There are less riks of theft of and damage of goods during transportation.
The insurance costs […]

Comments Off

Registered Mail and Recorded Deliveries

By garikaib|2025-02-12T09:35:38+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Registered mail. Image credit grosvenorauctions.com ZIMSEC O Level Commerce Notes: Communication: Registered Mail and Recorded Deliveries

Registered mail.

Used to send cash and valuables like certificates.
Special envelopes are used.
Articles must be handed over the counter.
A receipt is obtained as proof of postage.
They can be traced if lost.
Can […]

Comments Off

Proximate cause and the Average clause: Under and over insuring

By garikaib|2025-02-12T09:02:01+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit yourinsurancequestion.com ZIMSEC O Level Commerce Notes: Insurance: Proximate cause and the Average clause: Under and over insuring

This prevents the insured from making a profit by:

1) Under-insuring a risk or paying less premiums.

When a loss is incurred under such circumstances the insurer will not indemnify the […]

Comments Off

February 2025