ZIMSEC O-Level Principles of Accounting
1Introduction to Principles of Accounting
Introduction to Principles of Accounting in ZIMSEC O-Level Principles of Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Topic98 practice questions5 lessons
Overview
Form 1: accounting terms, types of business activity and organisation, the importance of accounting and its users.
Learning objectives
What the syllabus expects you to be able to do.
- 1.1Form 1: define business, accounting, transaction, book-keeping, capital, assets, liabilities, income, expenses and profit.
- 1.2Form 1: state, explain and distinguish trading, manufacturing and service activities and sole proprietors, partnerships and limited companies.
- 1.3Form 1: explain why accounting is important and identify the users of accounting information.
Lessons
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Basic accounting terms
25 min
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The accounting equation
30 min
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Types of business activity and organisation
25 min
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Users of accounting information
25 min
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Why businesses keep accounting records
22 min
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Sample question
A sample question on this topic. Answer it, check it, then read the worked answer.
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