February 2025

Visible and Invisible trade

By |2025-02-12T09:21:22+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Visible Trade. Image credit Maltatoday.com Visible Trade. Image credit Maltatoday.com ZIMSEC O Level Commerce Notes:Visible and Invisible trade

Invisible trade

  • Trade in services only e.g. tourism, freight, insurance.
  • Calculated for given periods of time, usually one year.
  • Invisible balance= exported services value-minus imported services value.
  • For example Tourists coming to Zimbabwe $25 million.
  • Banking services provided […]
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Export invoice

By |2025-02-12T09:37:47+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit DHL. Image credit DHL. ZIMSEC O Level Commerce Notes: Export Invoice

Export invoices

  • Prepared from various invoices for goods purchased and expenses incurred (on transportation and warehousing of goods)
  • Summarises the goods bought and expenses incurred.
  • Copies of the original invoices received from suppliers of goods and services are attached to the […]
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Commerce Notes:Partnership Act

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

Image credit ndlink.org 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 […]
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Private Business Corporation

By |2025-02-12T09:14:23+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit rainregain.com 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 […]
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Cambrige Notes: Differences between Ordinary and Preference Shares

By |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.

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Advantages and disadvantages of Hire Purchase to the seller

By |2025-02-12T09:30:18+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Furniture shop. Image credit roomandboard.com Furniture shop. Image credit roomandboard.com ZIMSEC O Level Commerce Notes: Hire Purchase

Details shown on Hire Purchase goods

  • A description of the goods.
  • The cash price of the goods.
  • The total Hire Purchase Price i.e. the cash price + the relevant finance charges
  • The required deposit amount.
  • The amount and number […]
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Small scale Retailers

By |2025-02-12T09:18:44+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Roadside Vendors are quite popular along Harare's roads Roadside Vendors are quite popular along Harare’s roads. Picture by Celebrity

  ZIMSEC O Level Commerce Notes: Retail trade: small scale retailers. ZIMSEC O Level Commerce Notes: Retail trade: small scale retailers.

Small scale retailers

  • are usually owned by individuals
  • are found in the private […]
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Warehouses and importance of warehousing

By |2025-02-12T09:39:39+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes, Warehousing|

Goods in a warehouse. Image credit herald.co.zw Goods in a warehouse. Image credit herald.co.zw ZIMSEC O Level Commerce Notes: Warehousing : Warehouses and importance of warehousing

Warehouses

  • a large building where raw materials or manufactured goods may be stored prior to their distribution for sale.
  • Are used to sore goods prior to sale, […]
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Advertising media: Flyers/Leaflets and Direct Mail

By |2025-02-12T09:07:25+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Man handing out a flyer to a motorist at an intersection in Harare. Image credit Mrflyer.co.zw Man handing out a flyer to a motorist at an intersection in Harare. Image credit Mrflyer.co.zw ZIMSEC O Level Commerce notes: Advertising: Advertising media: Fliers/Leaflets

Leaflets

  • Are cheap and easy to produce.
  • Have low distribution costs
  • May not reach […]
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