Principles of Accounts Notes Archives - Page 19 of 19 - Free ZIMSEC & Cambridge Revision Notes

February 2025

Principles of Accounting: Double entry for depreciation example
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Principles of Accounting: Double entry for depreciation example

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Double entry for depreciation example

By garikaib|2025-02-12T08:56:51+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Double entry for depreciation example

Here we will assume that you have read
The topic about the rationale behind depreciation
The topic about the methods of calculating depreciation
The entries required to record depreciation in the books
If not you should click on each of the above links and […]

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Principles of Accounting: Bank Reconciliation Statement Example
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Principles of Accounting: Bank Reconciliation Statement Example

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Bank Reconciliation Statement Example

By garikaib|2025-02-12T09:35:22+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Bank Reconciliation Statement Example

As discussed here preparing a bank reconciliation statement involves three steps:
1. Obtaining the current bank statement
2. Updating the Cash Book
3. Preparing the Bank reconciliation statement
Now we will look at an example:

Draw up a bank reconciliation statement, after writing the cash book up to date, ascertaining the […]

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Principles of Accounting: William Sachikonye Income Statement
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Principles of Accounting: William Sachikonye Income Statement

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: William Sachikonye Income Statement

By garikaib|2025-02-12T09:07:47+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Single entry and Incomplete records: Example 2

This is a solution including workings for the question posted here
We are attempting to create an Income Statement so naturally we will start by calculating the sales figure for the year

Sales calculation for the year ended 31 March 20×6

NB This is not a […]

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Principles of Accounting: Capital and Current Accounts Example
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Principles of Accounting: Capital and Current Accounts Example

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Capital and Current Accounts Example

By garikaib|2025-02-12T09:12:40+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Accounting for Partnerships: Capital and Current Accounts Example

Bearing in mind what we have said in the introduction to capital and current accountshere
And the basic guidelines here
It is important to add the fact in this topic will mostly deal with making entries into Capital and Current Accounts among […]

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Principles of Accounting: Revaluation of Partnership Assets
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Principles of Accounting: Revaluation of Partnership Assets

Notes, Ordinary Level Notes, Principles of Accounts Notes

Principles of Accounting: Revaluation of Partnership Assets

By garikaib|2025-02-12T09:14:40+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Accounting for Partnerships: Goodwill and Partnership businesses: Revaluation of Partnership Assets

It is often the case that when a business is sold the selling price of its assets would differ from their book values
In such instances there is either a profit or loss on the sale of the assets
This profit has […]

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