July 2018

Cambrige Notes: Sole Trader: Statement of Financial Position

By |2022-09-15T12:31:07+02:00July 25th, 2018|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Introduction to the Statement of Financial Position

  • It is also used to be known as the Balance Sheet
  • It is a statement of the assets, liabilities, and capital of a business at a particular point in time
  • It is a financial snap shot of the business at a given point in […]

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

By |2022-09-15T12:31:07+02:00July 25th, 2018|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 […]

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

By |2022-09-15T12:31:07+02:00July 25th, 2018|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: The contents of a Balance Sheet/Statement of Financial Position

  • While a Statement of Financial Position could just be presented as a listing of the credit and debit balances at a given date
  • It would be more useful to record the information in a consistent and meaningful way
  • This would allow

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Cambrige Notes: Sole Trader: Simple Statement of Financial Position Example 1

By |2022-09-15T12:31:08+02:00July 25th, 2018|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Sole Trader: Simple Statement of Financial Position Example 1

  • From the following trial balance of S Madondo, extracted after one year’s trading, prepare a trading and profit and loss account for the year ended 31 December 20X6 and  a Statement of Financial Position as at 31 December 20×6

Inventory at 31 […]


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Cambrige Notes: Sole Trader: Simple Statement of Financial Position Example 2

By |2022-09-15T12:31:08+02:00July 25th, 2018|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Sole Trader: Simple Statement of Financial Position Example 2

From the following trial balance of J Nhiwatiwa after his first year’s trading, you are required to
draw up a trading and profit and loss account (Income Statement) for the year ended 30 June 20X8 as well as Statement of Financial Position as at […]


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Cambrige Notes: G Musandu: Solution: Statement of Financial Position

By |2022-09-15T12:31:10+02:00July 25th, 2018|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Sole Trader: Trading and profit and loss accounts and Statement of Financial Position: Other items

  • This is the Statement of Financial Solution for the Trial Balance Question found here.

G Musandu

Statement of Financial Position as at 30 September 20×9

To access more topics go to the


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March 2016

G Musandu: Solution: Balance Sheet

By |2022-09-15T12:39:58+02:00March 7th, 2016|Notes, Ordinary Level Notes, Principles of Accounts Notes|

Balance Sheet for G Musandu. Image credit ojac.org

Balance Sheet for G Musandu. Image credit ojac.org ZIMSEC O Level Principles of Accounts Notes: Sole Trader: Trading and profit and loss accounts and balance sheets: Other items

This is the Balance Sheet Solution for the Trial Balance Question found here.


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Sole Trader: Simple Balance Sheet Example 2

By |2022-09-15T12:40:00+02:00March 6th, 2016|Notes, Ordinary Level Notes, Principles of Accounts Notes|

Image credit udiscover-psbedu.paris

Image credit udiscover-psbedu.paris ZIMSEC O Level Principles of Accounts Notes: Sole Trader: Simple Balance Sheet Example 2

From the following trial balance of J Nhiwatiwa after his first year’s trading, you are required to
draw up a trading and profit and loss account for the year ended 30 June […]


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Sole Trader: Simple Statement of Financial Position Example 1

By |2022-09-15T12:40:00+02:00March 6th, 2016|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Sole Trader: Simple Balance Sheet Example 1

  • From the following trial balance of S Madondo, extracted after one year’s trading, prepare a trading and profit and loss account for the year ended 31 December 20X6 and  a balance sheet as at 31 December 20×6

Inventory at 31 December 20X6 was $12,408

Solution

  • The […]

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The contents of a Balance Sheet/Statement of Financial Position

By |2022-09-15T12:40:00+02:00March 6th, 2016|Notes, Ordinary Level Notes, Principles of Accounts Notes|

The balance sheet contains several items that have to be explained. Image credit alignmt.com

The balance sheet contains several items that have to be explained. Image credit alignmt.com ZIMSEC O Level Principles of Accounts Notes: The contents of a Balance Sheet/Statement of Financial Position
  • While a Balance Sheet could just be […]

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