Accounting conundrum hits Zim companies

Gamuchirai Tsokota Listed retail concern, Powerspeed Electrical Limited has described the company’s accounting system as a nightmare due to the “mixture” of United States dollars with bond notes and real time gross settlement (RTGS)balances in the financial statements. The company’s managing director, Hilton Macklin, labelled the mixture as “zollars’, highlighting that there was need to read…