ZIMSEC A-Level Accounting
1.9Business Purchase
Business Purchase in ZIMSEC A-Level Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic86 practice questions4 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 1.9.1Explain business purchase by a company of a sole proprietor or partnership and calculate goodwill.
- 1.9.2Record entries to close the books of the business taken over and entries for purchase by cash, issue of shares and loan notes.
- 1.9.3Prepare business purchase accounts and the statement of financial position after the purchase.
Lessons
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Business purchase: consideration and goodwill
45 min
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Closing the books of a business taken over
45 min
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Mergers and statements of financial position after a purchase
45 min
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Recording a business purchase in the purchaser's books
45 min
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Sample question
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