Cambrige Notes: Differences between shares and debentures
ZIMSEC O Level Commerce Notes: Differences between shares and debentures
To access more topics go to the Commerce Notes page.
February 2025
Commerce: Partnership Deed
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 […]
Differences between Ordinary and Preference Shares
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.
Cambrige Notes: Differences between Ordinary and Preference Shares
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.
Commerce Notes:Partnership Act
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 […]
Private Business Corporation
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 […]