business organisations Archives - Page 2 of 4 - Free ZIMSEC & Cambridge Revision Notes

Commerce:Debentures

By garikaib|2025-02-12T09:12:33+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Debenture certificate. Image credit catawiki.com ZIMSEC O Level Commerce Notes: Debentures

Debentures

Are loan capital or money borrowed from financial institutions and individuals.
Earn interest at a fixed rate.
Interest is paid whether or not a company has made profits.
Debentures are creditors to the company.
A safe form of investment.
May […]

Comments Off

Cambrige Notes: Public Limited Companies
Gallery
Cambrige Notes: Public Limited Companies

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Public Limited Companies

By Garikai Dzoma|2025-02-12T09:07:23+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Business Organisations: Public Limited Companies

Formation

Membership is open to the public.
Membership is by invitation through a prospectus.
Formed by at least two shareholders and there is no upper limit.
Governed by the Companies Act.
The founding members have to draw up a prospectus, articles and memorandum of association and a statutory declaration and […]

Comments Off

Commerce: Partnership Features

By garikaib|2025-02-12T09:01:30+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit adbrain.com ZIMSEC O Level Commerce Notes: Partnership Features

Is formed by written or verbal agreement between partners.
They are formed by 2-10 partners.
Professionals such as lawyers, doctors and accountants can form partnerships of 2 to unlimited members as they are not allowed to form limited liability companies.
Has fewer […]

Comments Off

Commerce: Shares

By garikaib|2025-02-12T09:12:58+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Share certificate. Image credit genafashion.com ZIMSEC O Level Commerce Notes: Shares

Shares

A share is a unit of capital.
Business capital is divided into several units.
Owners of shares are called shareholders.

Types (Classes) of shares

Ordinary shares

Are also known as equities.
Receive dividends at variable rates which depend on profits made.
Receive […]

Comments Off

Cambrige Notes: Differences between shares and debentures
Gallery
Cambrige Notes: Differences between shares and debentures

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Differences between shares and debentures

By Garikai Dzoma|2025-02-12T09:07:35+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Differences between shares and debentures

To access more topics go to the Commerce Notes page.

Comments Off

Commerce: Partnership Deed

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

Image credit flcker.com Image credit flickr.com ZIMSEC O Level Commerce Notes: Partnership Deed

Partnership Deed (Agreement)

Drafted by partners.
Contains:
The objectives of forming the partnership.
The amount of capital each partner is going to contribute towards the partnership.
Duties, responsibilities and rights of each partner.
Terms and conditions under which the partnership operates.
Circumstances under which the […]

Comments Off

Differences between Ordinary and Preference Shares

By garikaib|2025-02-12T09:13:28+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Principles of Accounts Notes|

Share certificate. Image credit blogspot.com ZIMSEC O Level Commerce Notes: Differences between Ordinary and Preference Shares

To access more topics go to the Commerce Notes page.

Comments Off

Cambrige Notes: Differences between Ordinary and Preference Shares
Gallery
Cambrige Notes: Differences between Ordinary and Preference Shares

Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes

Cambrige Notes: Differences between Ordinary and Preference Shares

By Garikai Dzoma|2025-02-12T09:07:48+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Differences between Ordinary and Preference Shares

To access more topics go to the Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes.

Comments Off

Commerce Notes:Partnership Act

By garikaib|2025-02-12T09:02:54+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit ndlink.org ZIMSEC O Level Commerce Notes: Partnership Deed

Partnership Act

Where a Partnership Deed has not been drafted, the Partnership Act is applicable
It is enacted by Parliament.
The Act sets out the following provisions:
the partners must contribute equal amounts of capital.
Any disputes must be settled by a majority […]

Comments Off