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ZIMSEC O-Level Principles of Accounting

9.2Statement of financial position

Statement of financial position in ZIMSEC O-Level Principles of Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
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Overview

Forms 2 and 3.

Learning objectives

What the syllabus expects you to be able to do.

  1. 9.2.1Form 2: define the statement of financial position and prepare one for a sole trader.

Lessons

  • The statement of financial position of a sole trader

    35 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Statement of financial position: sample question

1 mark

How is a bank overdraft classified in the statement of financial position?

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