O Level

Topical Posts for Principles Of Accounts

[Video] Difference Between Bookkeeping And Accounting

Difference between Bookkeeping and Accounting.mp4     Accounting Bookkeeping Accounting is the process of recording, summarising, reporting, analysing and interpretation of financial information. Book-keeping is part of the accounting process. It involves the process of recording accounting data according to set rules.  Role of accounting is to communicate financial information for decision-making purposes.  Role of …

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2012 GCE N Levels Principles of Accounts (POA) Suggested Solutions!

Suggested Solution It’s 8 days since your last paper. Hope you guys are having a great time with your holidays! This year’s suggested solutions came in a little late as the O’ levelers are ramping up their revision. 😉 Anyhow, it’s here now! Tell me what you think. Right click and choose “Save As” to …

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2011 GCE O’ Level Principles of Accounts (POA) Suggested Solutions!

So guys, it’s a few more weeks before your O’s are finally over! Yes, I know some of you have been waiting long for the suggested solutions. Braving thunderstorm and huge downpour some slight drizzle, I’ve been able to receive both Paper 1 and Paper 2 of 2011 GCE O’ Level POA Paper yesterday afternoon, …

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INTERNATIONAL STANDARDS – ACCOUNTING TERMINOLOGY

The terminology for accounting varies across different levels of study. Those of you who have moved on to study accounting at tertiary level would agree – terms like debtors and creditors have a different meaning in ICCI, CAT, ACCA and other accounting diploma/degree programs. The term Debtors used for O’/N’ Level, for example, becomes Accounts …

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Source Document – the Returned Cheque Advice

Image courtesy of The Association of Banks in Singapore Reasons for Dishonoured Cheques Whenever a cheque given to a business bounces, the bank will send notice to the business that the customer/ debtor’s cheque was dishonoured. The cheque may not have been cleared for one or more of the following reasons: 1. There is insufficient …

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