– Shows asset owned a business
- shows what a business owes
- shows the sources of finance to a business
- shows the liquidity of the business
- shows the net worth of the business
- Can be used to borrow money
- Helps in decision making
Kavungya answered the question on March 27, 2019 at 09:01
-
Record the following transactions in ledger accounts.
a) Received Ksh. 20,000 cash in respect of rent paid
b) Purchased goods worth 30,000 on credit from crown traders.
(Solved)
Record the following transactions in ledger accounts.
a) Received Ksh. 20,000 cash in respect of rent paid
b) Purchased goods worth 30,000 on credit from crown traders.
Date posted:
March 27, 2019
.
Answers (1)
-
For each of the following transactions state the account to be debited and credited.
(Solved)
For each of the following transactions state the account to be debited and credited.
Date posted:
March 27, 2019
.
Answers (1)
-
Balance the following ledger accounts.
(Solved)
Balance the following ledger accounts.
Date posted:
March 27, 2019
.
Answers (1)
-
The following balances were extracted from the books of Dipa traders as at 31st December 2000.
Prepare a trial balance as at 31 December 2000.
(Solved)
The following balances were extracted from the books of Dipa traders as at 31st December 2000.
Prepare a trial balance as at 31 December 2000.
Date posted:
March 27, 2019
.
Answers (1)
-
The following trial balance of Onyati was incorrectly prepared in 30th June 1995. Prepare the correct Trial Balance.
(Solved)
The following trial balance of Onyati was incorrectly prepared in 30th June 1995. Prepare the correct Trial Balance.
Date posted:
March 27, 2019
.
Answers (1)
-
Outline the characteristics of debentures.
(Solved)
Briefly outline the characteristics of debentures.
Date posted:
March 26, 2019
.
Answers (1)
-
State five types of bills of exchange.
(Solved)
State five types of bills of exchange
Date posted:
March 26, 2019
.
Answers (1)
-
State five disadvantages of using a money order as a means of payment.
(Solved)
State five disadvantages of using a money order as a means of payment.
Date posted:
March 26, 2019
.
Answers (1)
-
List the various types of cheques.
(Solved)
List five types of cheques.
Date posted:
March 26, 2019
.
Answers (1)
-
Outline the the circumstances that will make a cheque to be marked RD by a bank before being returned to the depositor.
(Solved)
Outline the the circumstances that will make a cheque to be marked RD by a bank before being returned to the depositor.
Date posted:
March 26, 2019
.
Answers (1)
-
State five components of a crossed cheque.
(Solved)
Components of a crossed cheque.
Date posted:
March 26, 2019
.
Answers (1)
-
State the various documents that information is obtained from when preparing a statement of account
(Solved)
State four documents that information is obtained from when preparing a statement of account.
Date posted:
March 26, 2019
.
Answers (1)
-
State four disadvantages of tied shops.
(Solved)
Highlight four disadvantages of tied shops.
Date posted:
March 25, 2019
.
Answers (1)
-
Define the roles played by a departmental manager in a business.
(Solved)
State five roles of a departmental manager in a business.
Date posted:
March 25, 2019
.
Answers (1)
-
State three categories of office staff.
(Solved)
Name three levels of office staff
Date posted:
March 25, 2019
.
Answers (1)
-
Discuss the consideration to be made while analyzing potential vendors.
(Solved)
Discuss the consideration to be made while analyzing potential vendors.
Date posted:
March 24, 2019
.
Answers (1)
-
Explain factors that contribute to non payment of debt?
(Solved)
Explain factors that contribute to non payment of debt?
Date posted:
March 22, 2019
.
Answers (1)
-
Explain the THREE key primary parts of a business plan.
(Solved)
Explain the THREE key primary parts of a business plan.
Date posted:
March 21, 2019
.
Answers (1)
-
State the THREE main reasons for preparing a profit and loss account.
(Solved)
State the THREE main reasons for preparing a profit and loss account.
Date posted:
March 21, 2019
.
Answers (1)
-
List SEVEN considerations when carrying preparing a Business financial plan.
(Solved)
List SEVEN considerations when carrying preparing a Business financial plan.
Date posted:
March 21, 2019
.
Answers (1)