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Business Studies Question Paper

Business Studies 

Course:Business Studies

Institution: Form 3 question papers

Exam Year:2014



1)Name 4 types of unemployment in the Kenyan situation and explain their causes

2)Explain why the networth of a business is equivalent to its net assets

3)Describe the importance of capital in the book keeping equation

4)Explain the 2 possible sequences that could be used in listing assets and liabilities in a balance sheet

5)Explain the two relationship between the book keeping equation and the balance sheet

6)Distinguish between cash and credit transactions

7)Explain the rules of recording business transactions in ledger accounts

8)Explain why we record transactions relating to the stock of a business in different accounts

9)What does the term drawings mean

10)Why does a business maintain a drawings account






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