February 2025

Principles of Accounting: Incomplete and Single Records Example 1

By |2025-02-12T08:59:15+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Single entry and Incomplete records: Example 1

Question

On 1 May 20X8 Jenny Barnes, who is a retailer, […]

Comments Off on Principles of Accounting: Incomplete and Single Records Example 1

Principles of Accounting: Introduction to Accounting for Partnerships

By |2025-02-12T09:05:43+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Introduction to Accounting for Partnerships

  • It is quite common for two or more people to enter into a business partnership with one another
  • We have already looked at types of business entities here
  • You can also read more about Partnerships in a post found here
  • While most of the accounting concepts […]
Comments Off on Principles of Accounting: Introduction to Accounting for Partnerships

Biology Notes: The test for carbohydrates: Starch

By |2025-02-12T09:42:51+02:00February 12th, 2025|Notes, O Level Biology Notes, Ordinary Level Notes|

ZIMSEC O Level Biology Notes: Chemicals of Life: Carbohydrates: Test for Starch

  • We have already looked at the structure, properties and use of carbohydrates here
  • We will now examine the test for starch in foods
  • Remember starch is a polysaccharide which are part of the carbohydrates family
  • Iodine solution is used to test for the presence of […]
Comments Off on Biology Notes: The test for carbohydrates: Starch

Principles of Accounting: Company Accounts: Basic Terms

By |2025-02-12T09:41:31+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Accounting for Limited Liability Companies: Basic Terms

  • As pointed out elsewhere there are subtle differences between accounting for sole trader businesses, partnerships and non-profit entities when compared to accounting for limited liability companies
  • This is due to differences in the way limited liability companies conduct their business when compared to the rest
  • […]

Comments Off on Principles of Accounting: Company Accounts: Basic Terms

Inventory valuation methods: FIFO: Example Question

By |2025-02-12T09:29:51+02:00February 12th, 2025|Cambridge AS A Level Accounting, Notes, ZIMSEC A Level Accounting|

Cambrige AS and A Level Accounting Notes (9706)/ ZIMSEC  Advanced Accounting Level Notes: Inventory valuation: Inventory valuation methods: First In First Out (FIFO): Example Question

  • We have looked at the FIFO method of valuing inventory here
  • Now it is time to look at an exam type of question
  • The solution to this question can be found here

Mary […]

Comments Off on Inventory valuation methods: FIFO: Example Question

Cambrige Notes: Principles of Accounting: Appropriation Account Example

By |2025-02-12T09:21:32+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: Accounting for Partnerships: Appropriation Account Example

Example Question Appropriation Account

Gandanga, Waeni and Banda are partners. They share profits and losses in the respctive ratios

\tfrac{3}{8} : \tfrac{3}{8}: \tfrac{1}{4}
For the year ended […]

Comments Off on Cambrige Notes: Principles of Accounting: Appropriation Account Example

Cambrige Notes: Principles of Accounting: Goodwill: Changes in Profit Sharing Ratio Example

By |2025-02-12T09:24:52+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: Accounting for Partnerships: Goodwill and Partnership businesses: Changes in Profit Sharing Ratio Example

  • This is an example of a question where there are changes in the profit sharing ratio of a partnership
  • We have already looked at the entries involved in such cases here

Example question

Mhaka, Banda, Feruka and Tangwena run […]

Comments Off on Cambrige Notes: Principles of Accounting: Goodwill: Changes in Profit Sharing Ratio Example

Cambrige Notes: Principles of Accounting: Statement of Affairs

By |2025-02-12T09:28:13+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: Single entry and Incomplete records: Statement of Affairs

Comments Off on Cambrige Notes: Principles of Accounting: Statement of Affairs

Cambrige Notes: Principles of Accounting: Causes of Depreciation

By |2025-02-12T09:31:10+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: Introduction to depreciation

  • We have already explained that depreciation is the wasting away of fixed assets
  • We have also explained that it is treated as an expense in the Income Statement where it should appear at least once a year
  • Now we will look at the causes of depreciation
  • It is […]
Comments Off on Cambrige Notes: Principles of Accounting: Causes of Depreciation

Cambrige Notes: Principles of Accounting: Example question Manufacturing Accounts

By |2025-02-12T09:34:44+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: Example question Manufacturing Accounts

Manufacturing Accounts Example Question

E Makonese is a manufacturer. His trial balance at 31 December 20X8 is as follows:

Additional information:

  1. Stocks at 31 […]
Comments Off on Cambrige Notes: Principles of Accounting: Example question Manufacturing Accounts
Go to Top