February 2025

Introduction and basic terms

By |2025-02-12T09:17:17+02:00February 12th, 2025|Notes, Ordinary Level Notes, Principles of Accounts Notes|

So what is this accounting thing? Image credit stageandcinema.com So what is this accounting thing? Image credit stageandcinema.com ZIMSEC O Level Principles of Accounts Notes: Introduction and basic terms

  • Accounting is a system comprising the following elements: In summary Accounting is the process of identifying, measuring and communicating business information to […]
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Cambrige Notes: Introduction and basic terms

By |2025-02-12T09:02:17+02:00February 12th, 2025|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Introduction and basic terms

  • Accounting is a system comprising the following elements: In summary Accounting is the process of identifying, measuring and communicating business information to assist users in making informed, useful decisions.
  • Only monetary transactions are recorded in accounting using the historical and monetary principles.
  • This simply means that only […]
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