bank overdrafts Archives - Free ZIMSEC & Cambridge Revision Notes

Principles of accounts:Bank Overdrafts

By garikaib|2022-09-15T12:39:53+02:00January 24th, 2023|Notes, Ordinary Level Notes, Principles of Accounts Notes|

Business often make use of Overdrafts. Image credit telegraph.co.uk ZIMSEC O Level Principles of Accounts Notes: The Cash Book:Bank Overdrafts

Bank overdrafts are a way for businesses to borrow money in the short term
With bank overdrafts the business is allowed to withdraw […]

Comments Off

Principles of Accounts:Bank Overdraft example

By garikaib|2022-09-15T12:39:52+02:00January 24th, 2023|Notes, Ordinary Level Notes, Principles of Accounts Notes|

Overdraft receipt. Note an overdraft is an asset to the bank. Image credit consumerist.com ZIMSEC O Level Principles of Accounts Notes: The Cash Book: Bank Overdraft example

Consider the following entries and enter into the books of J Mativure
You […]

Comments Off

Cambrige Notes: Principles of accounts:Bank Overdrafts

By Garikai Dzoma|2022-09-15T12:31:13+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: The Cash Book:Bank Overdrafts

Bank overdrafts are a way for businesses to borrow money in the short term
With bank overdrafts the business is allowed to withdraw and/or make payments that exceed the business’s bank balance
For example a business has a balance of $200 in its bank account
The business […]

Comments Off