February 2025

Excise Duty and the calculation of duty

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

Image credit sofiaecho.com Image credit sofiaecho.com ZIMSEC O Level Commerce Notes: Excise Duty

Why excise duty is paid?

  • Excise duty is taxed on certain specified home produced goods for example tobacco meant for consumption in the home market in order to:
  • Raise revenue for the government.
  • Discourage consumption of dangerous products.
  • Reduce domestic demand.
  • Release more […]
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Zimbabwe Stock Exchange

By |2025-02-12T09:08:50+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Zimbabwe Stock Exchange. Image credit financialgazette.co.zw Zimbabwe Stock Exchange. Image credit financialgazette.co.zw ZIMSEC O Level Commerce Notes: Business Organisations: The Zimbabwe Stock Exchange

Functions

  • Controls and regulates admission of new members.
  • Acts as a barometer of the well-being of the Zimbabwean economy.
  • A market for buying and selling shares, stocks, bonds as well as […]
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Memorandum of Association

By |2025-02-12T09:19:59+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

A page from a Memorandum of Association. Image credit coronetpublications.com A page from a Memorandum of Association. Image credit coronetpublications.com ZIMSEC O Level Commerce Notes: Memorandum of Association

Memorandum of Association

  • Is used in the formation of private and public limited companies.
  • Is prepared by the company founders/their representatives.
  • Is sent to the Registrar […]
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Cambrige Notes: Credit Note and Debit Note

By |2025-02-12T09:06:19+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

A credit note. Image credit debitoor.com A credit note. Image credit debitoor.com

ZIMSEC O Level Commerce Notes: Credit Note and Debit Note

Credit Note

  • I issued by a supplier to a buyer.
  • It is usually printed in red or pink.
  • It is used when a supplier owes the buyer money.
  • It shows the flow of money […]
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Commerce: Management Functions: Controlling

By |2025-02-12T09:28:15+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Management Functions: Controlling

  • In our introduction to management, we defined what management is
  • In simple terms, management is the art of doing work through others
  • However, management can also be defined in terms of its functions
  • These functions are the duties that a typical manager is expected to perform regardless of their […]
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ATM:Automated Teller Machines

By |2025-02-12T09:07:14+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

An ATM. Image credit Securityaffairs.co An ATM. Image credit Securityaffairs.co ZIMSEC O Level Commerce Notes: Money and Banking: ATM:Automated Teller Machines

ATMs

  • Are fitted on the outside walls of banks are shopping malls.
  • They are used to withdraw cash.
  • They operate 24 hours a day.
  • It is a self-service facility.
  • The customer follows on screen instructions.
  • Upon […]
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E-commerce

By |2025-02-12T09:30:08+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

E commerce. Image credit techniasia.com E commerce. Image credit techniasia.com ZIMSEC O Level Commerce Notes: Retail Trade: E-commerce

  • It is a system of buying and selling goods and services electronically.
  • The system operates through a computer connected to the internet or a television which has satellite connections. The products sold should […]
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