January 2023

Principles of Accounting: Format of Income Statement for Companies

By |2022-09-15T12:32:32+02:00January 24th, 2023|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Accounting for Limited Liability Companies: Income Statement

  • As already pointed out in our introduction
  • The structure of the Income Statement ( Profit and Loss part) prepared for limited liability companies such as Private Limited (PVT LTD) and Public Limited Liability companies
  • is especially different from those prepared for sole traders and partnerships

    • […]

Read More
Comments Off on Principles of Accounting: Format of Income Statement for Companies

Principles of Accounting: Statement of Financial Position for Companies

By |2022-09-15T12:32:31+02:00January 24th, 2023|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Accounting for Limited Liability Companies: Statement of Financial Position

  • We have looked at the Income Statement for companies here
  • We will now look at the structure of the Statement of Financial Position
  • The Statement of Financial Position is almost identical to the one prepared for sole traders
  • In fact the Assets side […]
Read More
Comments Off on Principles of Accounting: Statement of Financial Position for Companies

Cambrige Notes: Principles of Accounting: Format of Income Statement for Companies

By |2022-09-15T12:32:15+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Accounting for Limited Liability Companies: Income Statement

  • As already pointed out in our introduction
  • The structure of the Income Statement ( Profit and Loss part) prepared for limited liability companies such as Private Limited (PVT LTD) and Public Limited Liability companies
  • is especially different from those prepared for sole traders […]
Read More
Comments Off on Cambrige Notes: Principles of Accounting: Format of Income Statement for Companies

Cambrige Notes: Principles of Accounting: Statement of Financial Position for Companies

By |2022-09-15T12:32:16+02:00January 24th, 2023|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: Accounting for Limited Liability Companies: Statement of Financial Position

  • We have looked at the Income Statement for companies here
  • We will now look at the structure of the Statement of Financial Position
  • The Statement of Financial Position is almost identical to the one prepared for sole traders
  • In fact the […]
Read More
Comments Off on Cambrige Notes: Principles of Accounting: Statement of Financial Position for Companies

AS A Level Business: Sole Trader Business

By |2022-09-15T12:29:50+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Types of businesses: Sole Trader

  • One popular form of business is a sole trader business
  • It is also known as a sole proprietorship
  • This is because there is only one owner (proprietor) who owns and usually runs the business

Characteristics/Features of a sole trader […]

Read More
Comments Off on AS A Level Business: Sole Trader Business

AS A Level Business: Introduction To Limited Liability Companies

By |2022-09-15T12:29:50+02:00January 24th, 2023|Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Introduction to limited liability partnerships

  • Limited liability companies are often simply known as companies
  • Companies are sometimes confused with business
  • While all companies are businesses not all businesses are companies
  • There are many other business forms besides companies including, for example, […]
Read More
Comments Off on AS A Level Business: Introduction To Limited Liability Companies

AS A Level Business: Private Limited Companies

By |2022-09-15T12:29:49+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Types of businesses: Private Limited Companies

  • As we have already mentioned, there are many specific types of limited liability companies in existence throughout the world
  • However, there are two main general types of limited liability companies:
    • Private limited […]
Read More
Comments Off on AS A Level Business: Private Limited Companies

AS A Level Business: Introduction To Shares

By |2022-09-15T12:29:47+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Types of businesses: Introduction To Shares

  • It has already been said that the capital of limited liability companies is divided into units
  • These units are known as shares
  • Investors in these companies are known as shareholders i.e. they own/hold shares […]
Read More
Comments Off on AS A Level Business: Introduction To Shares

AS A Level Business: Introduction To Debentures

By |2022-09-15T12:29:47+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Accounting, ZIMSEC A Level Business Studies|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Types of businesses: Limited Companies: Debentures

  • In addition to raising capital (money) using shares,
  • Companies also often raise money by issuing (selling) debentures
  • While shares are considered as a part of (or a unit of) capital debentures are considered a […]
Read More
Comments Off on AS A Level Business: Introduction To Debentures

AS A Level Business: Documents Used In The Formation And Running Of Companies

By |2022-09-15T12:29:47+02:00January 24th, 2023|Cambridge AS A Level Business Studies, Notes, ZIMSEC A Level Business Studies, ZIMSEC Business Enterprise Skills|

Cambridge AS A Level Business Studies/ ZIMSEC Advanced Level Business Studies/ Business Enterprise Skills Notes: Types of businesses: Limited Companies: Articles

  • We have already looked at the nature of limited liability companies and what makes them unique
  • Unlike Sole Trader business, companies require a lot of paperwork in order to create them
  • Only when […]
Read More
Comments Off on AS A Level Business: Documents Used In The Formation And Running Of Companies
Toggle Sliding Bar Area
Go to Top