February 2025

Cambrige Notes: Cash Discount,Discount Received and Discount Allowed

By |2025-02-12T09:44:40+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: The Cash Book:Discount Received and Discount Allowed

  • Businesses prefer it if their customers pay quickly
  • Businesses may thus accept a sum slightly lower than the invoice amount in settlement of a debt if payment is made within a certain period
  • This reduction is known as a cash discount
  • Cash discount-an amount given in exchange and […]
Read More
Comments Off on Cambrige Notes: Cash Discount,Discount Received and Discount Allowed

Cambrige Notes: The format of a Balance Sheet/Statement of Financial Position

By |2025-02-12T09:05:44+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: The format of a Balance Sheet/Statement of Financial Position

The Name of the Business(The Name of the Sole Trader is used in Sole Trader Businesses)

Statement of Financial Position as at 31 December 2016

  • The name of the business is to be replaced by the name of the […]
Read More
Comments Off on Cambrige Notes: The format of a Balance Sheet/Statement of Financial Position
Toggle Sliding Bar Area
Go to Top