business organisations Archives - Page 3 of 4 - Free ZIMSEC & Cambridge Revision Notes

Commerce: Partnership Features

By garikaib|2022-09-15T12:42:22+02:00January 24th, 2023|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|2022-09-15T12:42:10+02:00January 24th, 2023|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|2022-09-15T12:30:52+02:00January 24th, 2023|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|2022-09-15T12:42:22+02:00January 24th, 2023|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|2022-09-15T12:42:09+02:00January 24th, 2023|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|2022-09-15T12:30:53+02:00January 24th, 2023|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|2022-09-15T12:42:21+02:00January 24th, 2023|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

Private Business Corporation

By garikaib|2022-09-15T12:42:09+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit rainregain.com ZIMSEC O Level Commerce Notes: Private Business Corporation

Private Business Corporation

found in the private sector.
Governed by the Private Business Corporation Act of 1993.
A cross between partnerships and limited companies.
A legal entity or body corporate which can sue or be sued in its own name.
Formed by […]

Comments Off

Commerce: Advantages and Disadvantages of Partnerships

By garikaib|2022-09-15T12:42:20+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit registrogiulia.info ZIMSEC O Level Commerce Notes: Advantages and Disadvantages of Partnerships

Advantages

Management is duties are shared amongst the partners.
More capital can be raised.
More skills are available resulting in better quality decision making.
Specialisation is possible.
Partners can consult one another.
There are fewer legal formalities.
Losses are shared amongst partners.

Disadvantages

Disputes may […]

Comments Off

PBC: Statement of Incorporation

By garikaib|2022-09-15T12:42:08+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit resourcefulrealacademy.com ZIMSEC O Level Commerce Notes: PBC: Incorporation Statement

Is prepared and drafted by a PBC.
Contains:
the name of the PBC ending with the words Private Business Corporation or PBC.
Postal address of the PBC.
Physical address of the registered office.
Full name and National Identity number of each […]

Comments Off

January 2023