February 2025

Cambrige Notes: Financial statements

By |2025-02-12T09:45:32+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: Business Finance and Accounting: Financial statements/ Final Accounts

  • The accounting function exists mainly to record, analyse and present financial information
  • Presentation of financial information involves the preparation of what are known as final accounts
  • They are called final accounts because they are the last accounts to be prepared
  • They are also […]
Read More
Comments Off on Cambrige Notes: Financial statements

Business Studies:The profit and loss account

By |2025-02-12T09:41:12+02:00February 12th, 2025|Notes, O Level Business Studies Notes, Ordinary Level Notes|

ZIMSEC O Level Business Studies Notes: Business Finance and Accounting: The profit and loss account

  • Organisations that operate on a profit basis traditionally prepare what used to be known as a trading and profit and loss account
  • Nowadays it is more generally known as an Income Statement
  • In strict financial accounting parlance it is called a Statement of Comprehensive […]
Read More
Comments Off on Business Studies:The profit and loss account
Toggle Sliding Bar Area
Go to Top