February 2025

Place: Introduction

By |2025-02-12T09:21:15+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Marketing: Place

  • When used in the context of the marketing mix place refers to how and where the product is sold to the consumer
  • During the process of determining place the business has to decide:
    1. How the product reaches the consumer i.e. the channel of distribution
    2. The actual geographical location where the product […]
Read More
Comments Off on Place: Introduction

Business Studies: The balance sheet

By |2025-02-12T09:43:21+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: The balance sheet

  • The entire financial accounting function rests on the premise that there are two aspects to every transaction
  • A debit and a credit
  • For every transaction a debit and credit is recorded
  • For example in a cash sale the asset of cash increases and is therefore credited […]
Read More
Comments Off on Business Studies: The balance sheet

Business Studies: Government and location of businesses

By |2025-02-12T09:31:50+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Aiding and influencing the business:Government and location of businesses

  • We have already looked at factors that affect where a business chooses to locate
  • One of the principal factors to consider is the government’s policies,laws and regulations
  • The government might pass laws prohibiting certain businesses from certain areas
  • For example heavy industries cannot […]
Read More
Comments Off on Business Studies: Government and location of businesses

Principles of Accounting: Discount Received

By |2025-02-12T09:13:13+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Source Documents: Three Column Cash Book: Discount Received

  • It is customary for businesses to sell goods on credit
  • In order to encourage prompt payment a business might offer a cash discount
  • In such instances the business will accept a lesser amount in settlement of a debt in exchange for early payment
  • On […]
Read More
Comments Off on Principles of Accounting: Discount Received

Principles of Accounting: Errors that are not revealed by a Trial Balance

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

ZIMSEC O Level Principles of Accounts Notes: Errors that are not revealed by a Trial Balance

  • A Trial Balance can reveal a number of errors as pointed out here
  • A number of errors however do not affect the balancing of a Trial Balance
  • This means such errors will remain hidden
  • To find out what errors are not revealed […]
Read More
Comments Off on Principles of Accounting: Errors that are not revealed by a Trial Balance

Principles of Accounting: Introduction to depreciation

By |2025-02-12T09:34:42+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Introduction to depreciation

  • In the beginning we looked at basic terms
  • One of these terms we defined was fixed assets which we defined assets that are held by a firm in the long-term  and are used in the production of its income and are not expected to be consumed or converted into […]
Read More
Comments Off on Principles of Accounting: Introduction to depreciation

Principles of Accounting: Introduction to Control Accounts

By |2025-02-12T09:18:22+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Introduction to Control Accounts

  • We have already pointed out that errors do occur during the bookkeeping and accounting process
  • Some errors can be revealed by creating a trial balance
  • Control Accounts are another mechanism that can be used to discover errors in the books
  • Control Accounts are used to minimize errors as […]
Read More
Comments Off on Principles of Accounting: Introduction to Control Accounts

Principles of Accounting: Acid Test Ratio / Quick Asset Ratio

By |2025-02-12T09:36:42+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Introduction to Liquidity Ratios: Acid Test Ratio / Quick Asset Ratio

  • As pointed out in our discussion of the Current Asset Ratio
  • Including stock when calculating stock might not be desirable
  • This is because it might not always be easy to turn the asset of stock/inventory into liquid cash so as to […]
Read More
Comments Off on Principles of Accounting: Acid Test Ratio / Quick Asset Ratio

Principles of Accounting: Departmental Accounting Example

By |2025-02-12T09:32:10+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Introduction to Departmental Accounts Example

Example Question

From the following list of balances you are required to prepare a departmental Income Statement in columnar form for the year ended 31 March 20X5, in respect of […]

Read More
Comments Off on Principles of Accounting: Departmental Accounting Example

Principles of Accounting: Income Statement and Appropriation Account Example

By |2025-02-12T09:29:18+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Accounting for Partnerships: Partnership Financial Statements Example

  • This is the first part solution to the question that was posted here
  • It examines the basic structure of Financial Statements of partnerships
  • In this part we will look at the Income Statement and Appropriation Account for Save and Moyo

Solution

Save and Moyo

Income Statement and Appropriation […]

Read More
Comments Off on Principles of Accounting: Income Statement and Appropriation Account Example
Toggle Sliding Bar Area
Go to Top