July 2018

Cambrige Notes: Principles of Accounts:Bank Overdraft example

By |2022-09-15T12:31:13+02:00July 25th, 2018|Cambridge O Level/ IGSCE Accounts Notes, Notes, Ordinary Level Notes|

Overdraft receipt. Note an overdraft is an asset to the bank. Image credit consumerist.com

Overdraft receipt. Note an overdraft is an asset to the bank. Image credit consumerist.com

Cambridge IGCSE Accounting(0452)/O Level Principles of Accounts(7110) Notes: The Cash Book: Bank Overdraft example

  • Consider the following entries and enter into the books of J […]

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March 2016

Principles of Accounts:Bank Overdraft example

By |2022-09-15T12:39:52+02:00March 13th, 2016|Notes, Ordinary Level Notes, Principles of Accounts Notes|

Overdraft receipt. Note an overdraft is an asset to the bank. Image credit consumerist.com

Overdraft receipt. Note an overdraft is an asset to the bank. Image credit consumerist.com ZIMSEC O Level Principles of Accounts Notes: The Cash Book: Bank Overdraft example
  • Consider the following entries and enter into the books of J Mativure
  • You […]

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June 2015

Bank Loans and Overdrafts

By |2022-09-15T12:43:44+02:00June 30th, 2015|Notes, O Level Commerce Notes, Ordinary Level Notes|

Image credit forexsiteds.com

Image credit forexsiteds.com ZIMSEC O Level Commerce Notes: Money and Banking: Bank Loans and Overdrafts

Bank Overdrafts

  • Are an informal way of borrowing money.
  • They are given to current account holders only.
  • Are a short term form of borrowing.
  • Interest is charged daily on the amounts owing.
  • The interest rate levied on these […]

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