July 2018

Cambrige Notes: Principles of accounts:Bank Overdrafts

By |2022-09-15T12:31:13+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 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 […]

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Cambrige Notes: Principles of Accounts:Bank Overdraft example

By |2022-09-15T12:31:13+02:00July 25th, 2018|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Overdraft receipt. Note an overdraft is an asset to the bank. Image credit consumerist.com

Overdraft receipt. Note an overdraft is an asset to the bank. Image credit consumerist.com

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

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

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March 2016

Principles of Accounts:Bank Overdraft example

By |2022-09-15T12:39:52+02:00March 13th, 2016|Notes, Ordinary Level Notes, Principles of Accounts Notes|

Overdraft receipt. Note an overdraft is an asset to the bank. Image credit consumerist.com

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 […]

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Principles of accounts:Bank Overdrafts

By |2022-09-15T12:39:53+02:00March 13th, 2016|Notes, Ordinary Level Notes, Principles of Accounts Notes|

Business often make use of Overdrafts. Image credit telegraph.co.uk

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 […]

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Comments Off on Principles of accounts:Bank Overdrafts
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