January 2023

Commerce: Sole Trader

By |2022-09-15T12:42:23+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Sole Trader. Image credit geograph.org.uk Sole Trader. Image credit geograph.org.uk ZIMSEC O Level Commerce: Sole Trader Business

Sole Trader

Features

  • Is owned by one person who provides all the capital.
  • Their motive is to make profit.
  • Tends to be small in size.
  • Has few legal formalities.
  • Easy to form as they require little start up capital.
  • Controlled and […]
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Commerce:Debentures

By |2022-09-15T12:42:10+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Debenture certificate. Image credit catawiki.com 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 […]
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Cambrige Notes: Public Limited Companies

By |2022-09-15T12:30:52+02:00January 24th, 2023|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 […]
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Commerce: Partnership Features

By |2022-09-15T12:42:22+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit adbrain.com 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 […]
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Commerce: Shares

By |2022-09-15T12:42:10+02:00January 24th, 2023|Notes, O Level Commerce Notes, Ordinary Level Notes|

Share certificate. Image credit genafashion.com 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 […]
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Cambrige Notes: Differences between shares and debentures

By |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.

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