Solving Linear Inequalities (CIE IGCSE Mathematics: Extended)
Linear inequalities are mathematical expressions involving a linear function and inequality signs (<, >, ≤, and ≥). The process of solving linear inequalities is similar to solving linear equations, but with additional rules when dealing with inequalities. Understanding Inequalities An inequality states that one expression is greater or smaller than another. Common inequality symbols […]
Straight-Line Method of Depreciation
The Straight-Line Method (SLM) is one of the simplest and most commonly used depreciation methods for allocating the cost of an asset over its useful life. It makes the assumption that the asset depreciates annually at a steady pace. This method is widely used in accounting due to its ease of calculation and consistent expense […]
Partnership Accounting
Partnership accounting deals with the financial records of a business owned by two or more individuals who share profits, losses, and responsibilities. Unlike sole proprietorships, partnerships require specific accounting treatments for capital contributions, profit-sharing, and changes in partnership structure. Features of a Partnership Formed by two or more individuals. Governed by a Partnership Agreement (if […]
What Are Accruals? How Accrual Accounting Works?
What Are Accruals? Accruals refer to revenues and expenses that have been earned or incurred but have not yet been recorded in the company’s financial statements. Under the accrual accounting method, transactions are recorded when they occur, rather than when cash is exchanged. This method provides a more accurate picture of a company’s financial position […]
How Is Trigonometry Used in Real Life?
Trigonometry, the branch of mathematics that deals with angles and the relationships between the sides of triangles, has numerous real-world applications. From engineering to medicine, trigonometry plays a crucial role in solving practical problems. Engineering and Construction Architects and civil engineers use trigonometry to design and construct buildings, bridges, and other structures. It helps […]
Coordinate Geometry
Definition of Coordinate Geometry Coordinate Geometry, also known as Analytical Geometry, is the branch of mathematics that studies geometric figures using a coordinate system. It establishes a connection between algebra and geometry by representing shapes and curves in a two-dimensional or three-dimensional coordinate plane. By using coordinate geometry, we can solve geometric problems algebraically with […]
What is trigonometry? Tricks and tips to solve IGCSE and GCSE trigonometry questions
What is Trigonometry? A subfield of mathematics called trigonometry examines the connections between triangles’ angles and sides. It is widely used in various fields such as physics, engineering, architecture, and even navigation. In GCSE and IGCSE mathematics, trigonometry is a crucial topic that helps students understand how to solve problems involving right-angled and non-right-angled triangles. […]
QuickBooks Online
What is QuickBooks Online? QuickBooks Online (QBO) is cloud-based SaaS (Software-as-a-Service) accounting solution software developed by Intuit, and designed for small and medium-sized businesses. It allows users to manage financial tasks such as tracking income and expenses, invoicing, payroll, bank reconciliation, tax preparation, and generating financial reports. QBO offers real-time access from any device with […]
Accrued & Prepaid Expenses: GCSE and IGCSE Accounting
In accounting, businesses must record expenses accurately in the correct accounting period to reflect a true and fair view of their financial position. Two important concepts related to expense recognition are accrued expenses and prepaid expenses. These adjustments ensure that financial statements follow the matching principle, which states that expenses should be recorded in the […]
How QuickBooks Online (QBO) Can Help Your Small Business?
Managing finances efficiently is crucial for the success of any small business. QuickBooks Online (QBO) is cloud-based accounting software designed to help small business owners streamline financial management, track expenses, and improve overall business operations. Here’s how QBO can benefit your small business: Easy Expense and Income Tracking QBO automatically categorizes and tracks income and […]