February 2025

Principles of Accounting: Bad Debts Recovered

By |2025-02-12T09:07:56+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Bad Debts Recovered

  • We have looked at the concept of Bad and Doubtful Debts
  • For a number of reasons a debt that was previously considered bad might become recoverable:
    • Maybe due to an agreement
    • A court settlement/order
    • The fortunes of the debtor improves
  • When this happens the debt must be reinstated […]
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English Language Sample Narrative Essay: I later realised l was taken for a ride

By |2025-02-12T09:01:36+02:00February 12th, 2025|Notes, Ordinary Level Notes|

ZIMSEC English Language: Narrative compositions: Sample

This is a sample essay meant to be a guide and show you what a good essay looks like. Do not reproduce this in the exam. Let it inspire you.

I later realised l was taken for a ride

The line stretched on forever. Like a human-made millipede, it coiled from the passage down the […]

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Principles of Accounting: Accounting for non profit organisations

By |2025-02-12T09:18:08+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Accounting for non profit organisations

  • While it is true that the majority of entities exist primarily to make a profit
  • There are still a large number of organisations which are not for profit
  • While profit is the overriding aim in for profit business
  • Non profit organisations are driven by other goals including:
      […]
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Biology Notes: Chemicals of Life: Carbohydrates

By |2025-02-12T09:17:28+02:00February 12th, 2025|Notes, O Level Biology Notes, Ordinary Level Notes|

ZIMSEC O Level Biology Notes: Chemicals of Life: Carbohydrates

  • In humans, mammals and a lot of other animals carbohydrates are the body’s main source of energy
  • These may be simple, soluble sugars or complex materials like starch and cellulose
  • But they all  are bio-molecules consisting of carbon (C), hydrogen (H) and oxygen (O)
  • Carbohydrates come in two main types:

    • […]

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Principles of Accounting: Example entries upon death or retirement of a partner

By |2025-02-12T09:12:28+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

  • We have already examined the entries required to record Goodwill in the books upon the death or retirement of one of the partners here
  • We will now look at an example to demonstrate the stages involved

Death/Retirement Example

Peter, George and Muchineripi have been in partnership for the past five years. They own a retail shop in Harare’s CBD where […]

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A Level Accounting: Introduction to costs and management accounting

By |2025-02-12T09:02:45+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: Introduction to Cost and Management Accounting

  • All Accounting can generally be divided into two branches:
    • Financial Accounting
    • Cost and Management Accounting

Financial Accounting

  • involves the recording the financial transactions of an organisation
  • And summarising them in periodic financial statements for external stakeholders who want to analyse and […]
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Inventory valuation methods: AVCO

By |2025-02-12T08:56:26+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: Weighted Average Cost(AVCO)

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Cambrige Notes: Principles of Accounting: Statement of Financial Position for Companies

By |2025-02-12T09:22:31+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 Limited Liability Companies: Statement of Financial Position

  • We have looked at the Income Statement for companies here
  • We will now look at the structure of the Statement of Financial Position
  • The Statement of Financial Position is almost identical to the one prepared for sole traders
  • In fact the […]
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Cambrige Notes: Principles of Accounting: Revaluation of Partnership Assets

By |2025-02-12T09:25:58+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: 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 […]
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Cambrige Notes: Principles of Account: Incomplete and Single Records Example 2

By |2025-02-12T09:29:11+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: Example 2

  • Our first example on this topic was relatively straight forward
  • We will now look at a more challenging and comprehensive example
  • On how to create Financial Statements in cases where only single entry and incomplete records are kept

The Question

William Sachikonye runs a second-hand […]

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