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October 2017

English Language: I later realised l was taken for a ride

By | 2017-10-16T08:42:39+00:00 October 16th, 2017|Notes, Ordinary Level Notes|

ZIMSEC English Language: Descriptive compositions: Sample

This is a sample of a narrative-descriptive essay

I later realised l was taken for a ride

The line stretched on forever. Like a human made millipede it coiled from the passage down the stairs, out the front door and around the corner. People shuffled and stomped like a restless herd as they waited for the […]

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English Language: Descriptive compositions

By | 2017-10-12T11:43:20+00:00 October 12th, 2017|English Language Notes, Notes, Ordinary Level Notes|

ZIMSEC English Language: Descriptive compositions

As part of your English Language course you will be required to write essays on a regular basis. Descriptive essays are part of this essay writing regimen. It is important to point out that every type of essay you will encounter at Ordinary Level will require some sort of description in them so you will […]

September 2017

Principles of Accounting: Bank Reconciliation Statement Overdraft Example

By | 2017-09-26T09:20:06+00:00 September 26th, 2017|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Bank Reconciliation Statement Overdraft Example

Principles of Accounting: Bank reconciliation statement and bank overdraft

By | 2017-09-26T09:19:35+00:00 September 26th, 2017|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Bank reconciliation statement and bank overdraft

  • Preparing a bank reconciliation statement is easy
  • In the last example we assumed that the business had a positive balance shown by a a debit bank balance in the bank column of the cash book and a credit balance on the bank statement
  • In reality […]

Principles of Accounting: Bank Reconciliation Statement Example

By | 2017-09-21T10:45:57+00:00 September 21st, 2017|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Bank Reconciliation Statement Example

  • As discussed here preparing a bank reconciliation statement involves three steps:
    1. Obtaining the current bank statement
    2. Updating the Cash Book
    3. Preparing the Bank reconciliation statement
  • Now we will look at an example:

Draw up a bank reconciliation statement, after writing the cash book up to date, ascertaining the […]

Principles of Accounting: Preparation of bank reconciliation statement

By | 2017-09-26T07:50:35+00:00 September 21st, 2017|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Preparation of bank reconciliation statement

  • We have already looked at what bank reconciliation statements are and why we need them
  • Here we will look at steps required to prepare them and their format
  • First it must be pointed out that the Bank Column in the Cash Book like all of the […]

Principles of Accounting: Introduction to Bank Reconciliation Statements

By | 2017-09-21T09:54:03+00:00 September 21st, 2017|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Introduction to Bank Reconciliation Statements

  • When we looked at the Cash Book we mentioned that all bank related transactions are recorded in it
  • We glaringly ignored one fact the bank is also a business
  • They have their own set of records about our deposits and withdrawals
  • In modern times due to […]

Principles of Accounting: Sales Control Account Example

By | 2017-09-21T10:40:53+00:00 September 20th, 2017|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Sales Control Account Example

Question

Prepare a sales ledger control account from the following information for October 20X6, carrying down the balance at 31 October:

  • Oct 1 Sales ledger balances […]

Principles of Accounting: Purchases Control Accounts Example

By | 2017-09-20T10:26:39+00:00 September 20th, 2017|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Purchases Control Accounts Example

You are required to prepare a purchases ledger control account from the following for the month of April. The balance of the account is to be taken as the amount of […]

Principles of Accounting: Sales Control Accounts

By | 2017-09-20T10:08:17+00:00 September 20th, 2017|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounts Notes: Sales Control Accounts

  • Sales control accounts present a summarized version of what should be in the Sales Ledger in a given period
  • Below is a typical Sales Control Account:
  • The exact look of the sales control account obviously depends on the nature of transactions involved

Sources of information when preparing

  • It […]