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April 2018

Principles of Accounting: Partnership Dissolution Entries

By | 2018-04-16T09:47:55+00:00 April 16th, 2018|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Accounting for Partnerships: Partnership Dissolution Entries

  • While the dissolution of each partnership is no doubt unique
  • There are entries that are typical to the dissolution of each partnership
  • During dissolution the following entries are typically made:
    1. When we transfer provision such as for bad debts/depreciation to their respective asset accounts:
      1. Dr […]

Principles of Accounting: Partnership dissolution

By | 2018-04-16T09:07:35+00:00 April 16th, 2018|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Accounting for Partnerships: Goodwill and Partnership businesses: Revaluation of Partnership Assets

  • While it is true that a new partnership is created when partners leave and join the partnership
  • The entries required to show this are actually different from the entries needed when a partnership does actual dissolve
  • From an accounting point of view […]

Principles of Accounting: Example revaluation of partnership assets

By | 2018-04-16T08:35:57+00:00 April 16th, 2018|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Accounting for Partnerships: Goodwill and Partnership businesses: Revaluation of Partnership Assets

  • As already pointed out in another post, sometimes it is necessary for a partnership to revalue its assets
  • We have already looked at the entries necessary to record these changes in value
  • Now we will look at an example of how […]

Biology Notes: Chemicals of Life: Test for Proteins

By | 2018-04-16T08:35:30+00:00 April 16th, 2018|Notes, O Level Biology Notes, Ordinary Level Notes|

ZIMSEC O Level Biology Notes: Chemicals of Life: Proteins

  • We have already looked at the properties and importance of proteins here
  • Here we will now look at the test for proteins in foods
  • Generally the Biuret’s test is used to test whether proteins are present in food
  • The Biuret’s reagent is made up by adding sodium hydroxide […]

Biology Notes: Chemicals of Life: Proteins

By | 2018-04-15T05:30:14+00:00 April 14th, 2018|Notes, O Level Biology Notes, Ordinary Level Notes|

ZIMSEC O Level Biology Notes: Chemicals of Life: Proteins

  • Proteins are an essential nutrient to the human body as well as to other animals
  • They are the building blocks of body tissue
  • They also act as a fuel reserve and are used up after carbohydrates and fats stores have been exhausted
  • Proteins are thus very important for […]

Commerce Notes: The Grain Marketing Board

By | 2018-04-14T09:13:27+00:00 April 13th, 2018|Notes, O Level Commerce Notes, Ordinary Level Notes|

ZIMSEC O Level Commerce Notes: Wholesale Trade:The Grain Marketing Board

  • It buys and sells grain from farmers
  • It sells grain to consumers, millers and importers
  • It stores grain in its silos
  • It evens out the supply of grain
  • Prevents shortages of grain
  • Controls the price of grain
  • Collects grain from farmers
  • Controls the price of grain
  • Collects grain from […]

March 2018

Principles of Accounting: Revaluation of Partnership Assets

By | 2018-03-20T11:25:30+00:00 March 20th, 2018|Notes, Ordinary Level Notes, Principles of Accounts Notes|

ZIMSEC O Level Principles of Accounting: Accounting for Partnerships: Goodwill and Partnership businesses: Revaluation of Partnership Assets

  • It is often the case that when a business is sold the selling price of its assets would differ from their book values
  • In such instances there is either a profit or loss on the sale of the assets
  • This profit has […]
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