Suggested Solutions for 2010 GCE ‘O’ Level Principles of Accounts

    7092/01 GCE O’ Level Principles of Accounts 2010 Paper 1 Suggested Solutions 7092/02 GCE O’ Level Principles of Accounts 2010 Paper 2 Suggested Solutions   Previous Post The rough working for this afternoon’s GCE O’ Level Principles of Accounts Paper 2 Trading, Profit and Loss is out. Please click here download the pdf …

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4 Notable Quotes On the Value of Accounting Knowledge from the World’s Richest and Influential People

                    Image by Mark Hirschey (Work of Mark Hirschey) [CC-BY-SA-2.0], via Wikimedia Commons   “You have to understand accounting and you have to understand the nuances of accounting. It’s the language of business and it’s an imperfect language, but unless you are willing to put in …

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12 Uber-Cool Vintage Accounting & Business Documents

Think accounting records are boring? Written diligently, these 12 uber-cool accounting/business documents provides rich insights to the bookkeeper/accountant’s era. From an elegantly drawn chicken to a receipt for buying 57 leeches, accounting records contains rich history found nowhere else. There could be fun doing accounting, conservatively speaking. 😉 Title-less book by Thomas Tye (1712-1783) Thomas …

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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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Dump the Monetary Concept – Measure What Makes Life Worthwhile!

“Not everything that can be counted counts, and not everything that counts can be counted.” Albert Einstein, physicist (1879 – 1955) The principle of monetary concept states that anything which cannot be measured in monetary terms will not be considered as a part of the accounting data. While accounting captures the numerical performance of a …

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Looking for Trainers and Facilitators!

Jump Grades Education rebels against boring, dry, sleep-inducing accounting coaching offering schools and private education institutions customised coaching/ tutoring services which clients say brings incredible, measurable results. With an excellent background in training/coaching, the company brings talented and experienced teams of tutors, web technologists, useful publications and industry practitioners to help students learn accounting with …

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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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