January 2023

Bank Loans and Overdrafts

By |2022-09-15T12:43:44+02:00January 24th, 2023|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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Cambrige Notes: Principles of Accounts:Bank Overdraft example

By |2022-09-15T12:31:13+02:00January 24th, 2023|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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