commerce notes Archives - Page 7 of 22 - Free ZIMSEC & Cambridge Revision Notes

Exports Credit Guarantee Department (ECGD)

By garikaib|2025-02-12T09:07:05+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit ncbcp.org ZIMSEC O Level Commerce Notes: Insurance: Exports Credit Guarantee Department (ECGD)

Also known as Export Credit Guarantee Corporation (ECGC)in Zimbabwe.
Covers risk of non payment by importers due to:
lack of foreign currency.
Political instability.
Outbreak of war.
Overseas state interferences.
Provides comprehensive policies to cover the whole of export businesses […]

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Visible and Invisible trade

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

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

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 garikaib|2025-02-12T09:02:54+02:00February 12th, 2025|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 […]

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Private Business Corporation

By garikaib|2025-02-12T09:14:23+02:00February 12th, 2025|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 […]

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The Hire Purchase Act

By garikaib|2025-02-12T09:29:25+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

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

During the Hire Purchase period the goods are insured and owned by the seller.
Allows the consumer to have a “cooling off” period if the agreement is signed outside the trader’s premises during which […]

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Cambrige Notes: Differences between Ordinary and Preference Shares
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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|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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Financial Insitutions

By garikaib|2025-02-12T09:33:25+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

BancABC bank. Image credit thestandard.co.zw ZIMSEC O Level Commerce : Financial Institutions Click on any institution to read more about it. Click on an institution to read more about it.

Financial institutions

These are entities that provide financial services to people and other businesses.

Types of Financial […]

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Advantages and disadvantages of small scale retailers

By garikaib|2025-02-12T09:19:10+02:00February 12th, 2025|Notes, O Level Commerce Notes, Ordinary Level Notes|

Small scale traders at Mbare Musika. Image credit skyscapercity.com ZIMSEC O Level Commerce Notes: Retail Trade: Advantages and Disadvantages of small scale retailers