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sharon kalunda answered the question on February 28, 2019 at 12:37
- The following balances relates to a business for the year ended 31 Dec 1990.
Capital as at 31...(Solved)
The following balances relates to a business for the year ended 31 Dec 1990.
Capital as at 31 December 1990 170,000
Drawings for the year 5,000
Net profit for the year 5,000
Extra capital introduced 52,000
Purchases 20,000
i) Determine the amount of capital as at 1 Jan. 1990
ii)Net profit ratio.
Date posted: February 28, 2019. Answers (1)
- International trade improves the economic welfare of a country. The recent opening of the East African co-operation seeks to diversify International trade. Highlight four factors...(Solved)
International trade improves the economic welfare of a country. The recent opening of the East African
co-operation seeks to diversify International trade. Highlight four factors that may hinder this good intention.
Date posted: February 28, 2019. Answers (1)
- Mention four of the contents in articles of association.(Solved)
Mention four of the contents in articles of association.
Date posted: February 28, 2019. Answers (1)
- Give four reasons why people prefer using a cheque to cash when effecting payment. (Solved)
Give four reasons why people prefer using a cheque to cash when effecting payment.
Date posted: February 28, 2019. Answers (1)
- Mention four reasons to justify that the Central Bank is not a Commercial Bank. (Solved)
Mention four reasons to justify that the Central Bank is not a Commercial Bank.
Date posted: February 28, 2019. Answers (1)
- Name four documents used in home trade.(Solved)
Name four documents used in home trade.
Date posted: February 28, 2019. Answers (1)
- Give four reasons why an office may prefer storing information in Micro-films instead of files.(Solved)
Give four reasons why an office may prefer storing information in Micro-films instead of files.
Date posted: February 28, 2019. Answers (1)
- As the transport manager of a busy company. Highlight four factors you would consider before choosing a mode of transport for your goods and services.(Solved)
As the transport manager of a busy company. Highlight four factors you would consider before choosing a mode of transport for your goods and services.
Date posted: February 28, 2019. Answers (1)
- The law of demand applies ‘ceteris penbus’ all other factors held constant ). Highlight
four circumstances under which this law may not hold.
(Solved)
The law of demand applies ‘ceteris penbus’ all other factors held constant ). Highlight
four circumstances under which this law may not hold.
Date posted: February 28, 2019. Answers (1)
- The major objective in commerce is to maximize profits. Highlight four ways in which businesses can achieve this important objective.
(Solved)
The major objective in commerce is to maximize profits. Highlight four ways in which businesses can achieve this important objective.
Date posted: February 28, 2019. Answers (1)
- Highlight four ways in which Insurance companies make profits. (Solved)
Highlight four ways in which Insurance companies make profits.
Date posted: February 28, 2019. Answers (1)
- List down four features of co-operative society. (Solved)
List down four features of co-operative society.
Date posted: February 28, 2019. Answers (1)
- The capital structure of a company is divided. Name four such divisions.(Solved)
The capital structure of a company is divided. Name four such divisions.
Date posted: February 28, 2019. Answers (1)
- Mention four limitations of advertising as a means of sales promotion.(Solved)
Mention four limitations of advertising as a means of sales promotion.
Date posted: February 28, 2019. Answers (1)
- What are some of the various risks that international marketers face With their business firm if their product and activities are political vulnerable(Solved)
What are some of the various risks that international marketers face With their business firm if their product and activities are political vulnerable
Date posted: February 26, 2019. Answers (1)
- Enumerate all the preferential trade area protocols(Solved)
Enumerate all the preferential trade area protocols
Date posted: February 26, 2019. Answers (1)
- The following trial balance was extracted from the books of Nyaituya on
31st December 2005.(Solved)
The following trial balance was extracted from the books of Nyaituya on
31st December 2005.
Additional information. Sh.
(i) Stock as at 31st December 2005 52,000
(ii) Rent accrued 6,000
(iii) Insurance paid in advance 4,000
(iv) Commission due 5,000
(v) Salaries owing 21,000
REQUIRED:
Prepare a trading, profit and loss account for the year ended 31st December
2005 and a balance sheet as at that date.
Date posted: February 25, 2019. Answers (1)
- The following trial balance was extracted from the ledgers of Gathioro’s mobile phones business for the year ended 31st Oct 2013.(Solved)
The following trial balance was extracted from the ledgers of Gathioro’s mobile phones business for the year ended 31st Oct 2013.
Gathioro’s mobile phones
Trial Balance
As at Gathiro’s 31st Oct 2013
On 31st Oct. 2013, the business had closing stock valued at Shs. 60,000
prepare;
i. The trading, profit and loss a/c for the year ended 31st Oct 2013.
ii. A balance sheet as at that date.
Date posted: February 25, 2019. Answers (1)
- Opening stock is the value of stock at the beginning of an accounting period. Wanderi had stock of goods worth sh 10,000 on 2nd February...(Solved)
Opening stock is the value of stock at the beginning of an accounting period. Wanderi had stock of goods worth sh 10,000 on 2nd February 20-6.During the month of January he bought goods totaling to sh.50,000 and sold some of the goods for sh58,000.On 28th Febuary,he had unsold stock worth sh 12,000.
Calculate the gross profit.
Date posted: February 25, 2019. Answers (1)
- State and explain six types of ledger(Solved)
State and explain six types of ledger.
Date posted: February 25, 2019. Answers (1)