July 2018

Cambrige Notes: The Double Entry Concept

By |2022-09-15T12:30:48+02:00July 25th, 2018|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes

  • You need to pay close attention because this is where the accounting part in accounting begins.
  • This is the basic rule in accounting which states that any accounting transaction should be recorded twice.
  • Every debit should have a corresponding credit and every credit should have a corresponding credit.
  • No matter the […]

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Cambrige Notes: Double Entry Exercise and Solutions

By |2022-09-15T12:30:48+02:00July 25th, 2018|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

ZIMSEC O Level Principles of Accounts: Double Entry Exercise and Solution[/title

  • You are required to open the asset and liability and capital accounts and record the following transactions for June 20X8 in the records of T. Moyo. 20X8
  1. June 1 Started business with $12,000 in cash.
  2. 2 Paid $11 700 of the opening cash into a bank account for […]

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June 2015

The Double Entry Concept

By |2022-09-15T12:44:06+02:00June 18th, 2015|Notes, Ordinary Level Notes, Principles of Accounts Notes|

Introduction to double entry. Image credit snwmo636sriverct.biz

Introduction to double entry. Image credit snwmo636sriverct.biz ZIMSEC O Level Principles of Accounts Notes
  • You need to pay close attention because this is where the accounting part in accounting begins.
  • This is the basic rule in accounting which states that any accounting transaction should be […]

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