February 2025

Cambrige Notes: The General Journal Example

By |2025-02-12T08:58:58+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

An example of journal entries. Image credit Frank Wood's Business Accounting 1 An example of journal entries. Image credit Frank Wood’s Business Accounting 1

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: The General Journal Example

You are a bookkeeper for J Benzi. You are to show the journal entries necessary to record […]

Read More
Comments Off on Cambrige Notes: The General Journal Example

Cambrige Notes: Introduction and basic terms

By |2025-02-12T09:02:17+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 and basic terms

  • Accounting is a system comprising the following elements: In summary Accounting is the process of identifying, measuring and communicating business information to assist users in making informed, useful decisions.
  • Only monetary transactions are recorded in accounting using the historical and monetary principles.
  • This simply means that only […]
Read More
Comments Off on Cambrige Notes: Introduction and basic terms

Cambrige Notes: The format of a Balance Sheet/Statement of Financial Position

By |2025-02-12T09:05:44+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: The format of a Balance Sheet/Statement of Financial Position

The Name of the Business(The Name of the Sole Trader is used in Sole Trader Businesses)

Statement of Financial Position as at 31 December 2016

  • The name of the business is to be replaced by the name of the […]
Read More
Comments Off on Cambrige Notes: The format of a Balance Sheet/Statement of Financial Position

Absorption Costing: Introduction

By |2025-02-12T09:18:36+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: Absorption Costing: Introduction

  • As already said in the introduction to costing for overheads
  • Businesses need to know the cost of production for each unit of production
  • There are many reasons why a business would need to know this:
    1. To calculate a selling price that […]
Read More
Comments Off on Absorption Costing: Introduction

Marginal Costing: Statement of Profit or Loss

By |2025-02-12T09:13:55+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: Marginal Costing: Statement of Profit or Loss

  • As has been outlined here there are differences between marginal costing and absorption costing
  • One such stark difference is in the format of statements of profit
  • Below is a proforma Statement of Profit using marginal costing

Marginal Costing Statement […]

Read More
Comments Off on Marginal Costing: Statement of Profit or Loss

Commerce: Beneficiation And Value Addition/ Added Value

By |2025-02-12T09:30:49+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Beneficiation And Value Addition/ Added Value

  • One of the reasons why developing countries lag behind developed countries is due to the imbalance of trade
  • Developing countries export mainly raw unprocessed materials which have a low price per unit
  • On the other hand developed countries export back high value processed materials
  • This means […]
Read More
Comments Off on Commerce: Beneficiation And Value Addition/ Added Value

AS A Level: Free Market Economy

By |2025-02-12T09:00:56+02:00February 12th, 2025|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Free Market Economy  

  • As has been said because resources are limited while needs and wants are unlimited
  • Society faces an economic problem of how to allocate its scarce resources
  • It has to answer three basic questions:
    • What to produce
    • How to […]
Read More
Comments Off on AS A Level: Free Market Economy

AS A Level Business: Introduction To Limited Liability Companies

By |2025-02-12T09:31:01+02:00February 12th, 2025|Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Introduction to limited liability partnerships

  • Limited liability companies are often simply known as companies
  • Companies are sometimes confused with business
  • While all companies are businesses not all businesses are companies
  • There are many other business forms besides companies including, for example, […]
Read More
Comments Off on AS A Level Business: Introduction To Limited Liability Companies

AS A Level Business: Going Public

By |2025-02-12T09:00:07+02:00February 12th, 2025|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Going Private 

  • A lot of companies start as private limited countries for various reasons
  • However eventually a lot of companies eventually “go public”
  • Going public-is when a private limited company is converted into a public limited company
  • When a […]
Read More
Comments Off on AS A Level Business: Going Public
Toggle Sliding Bar Area
Go to Top