- Commission is charged
- Unsuitable for small amounts/values
- Payments may not be acceptable in certain areas e.g. transport, retail outlets
- May be forged
- Crossed cheques takes time to be cashed hence unsuitable where money is urgently required
Kavungya answered the question on April 1, 2019 at 07:56
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Distinguish in four ways the Jua kali sector from the manufacturing sector.
(Solved)
Distinguish in four ways the Jua kali sector from the manufacturing sector.
Date posted:
April 1, 2019
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Answers (1)
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Highlight four factors that are causing many firms to collapse
(Solved)
Highlight four factors that are causing many firms to collapse
Date posted:
April 1, 2019
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Answers (1)
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State why you will advice an office manager to use an open office layout instead of an enclosed office layout
(Solved)
State why you will advice an office manager to use an open office layout instead of an enclosed office layout
Date posted:
March 29, 2019
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Answers (1)
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State ways in which landscape office layout can be created
(Solved)
State ways in which landscape office layout can be created
Date posted:
March 29, 2019
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Answers (1)
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State and explain the main reasons why businesses exists.
(Solved)
State and explain the main reasons why businesses exists.
Date posted:
March 29, 2019
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Answers (1)
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Highlight four methods that are used by monopolistic firms to differentiate its products.
(Solved)
Highlight four methods that are used by monopolistic firms to differentiate its products.
Date posted:
March 28, 2019
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Answers (1)
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Explain the term credit creation as practised by commercial banks.
(Solved)
Explain the term credit creation as practised by commercial banks.
Date posted:
March 28, 2019
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Answers (1)
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Define the term central bank
(Solved)
Define the term central bank
Date posted:
March 28, 2019
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Answers (1)
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Outline the advantages of running a fixed deposit account to an account holder
(Solved)
Outline the advantages of running a fixed deposit account to an account holder
Date posted:
March 28, 2019
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Answers (1)
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Highlight the factors that influence the supply of money in circulation.
(Solved)
Highlight the factors that influence the supply of money in circulation.
Date posted:
March 28, 2019
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Answers (1)
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Outline the adverse effects of high taxation
(Solved)
Outline the adverse effects of high taxation
Date posted:
March 28, 2019
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Answers (1)
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Ayub's capital at the beginning of the trading period was sh.300000. During the year he invested additional capital of sh.26000 in form of cash. He...
(Solved)
Ayub's capital at the beginning of the trading period was sh.300000. During the year he invested additional capital of sh.26000 in form of cash. He also took sh.40000 in cash and stock valued at sh.25000 from the business for his personal use
Determine Ayub's capital at the end of the trading period
Date posted:
March 28, 2019
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Answers (1)
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The following transactions relates to Tajira Traders for the month of January 2001
Jan 1 started business with Kshs. 20,000 in cash
Deposited 15,000 from cash till...
(Solved)
The following transactions relates to Tajira Traders for the month of January 2001
Jan 1 started business with Kshs. 20,000 in cash
Deposited 15,000 from cash till into a business Bank account
Bought goods on credit from Wema traders for 6,000
Bought furniture by cheque sh 3,000
Prepare a balance sheet as at 31st January 2001
Date posted:
March 27, 2019
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Answers (1)
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The following balances were obtained from the books of Rah traders
Opening stock 50,000
Sales 360,000
Gross...
(Solved)
The following balances were obtained from the books of Rah traders
Opening stock 50,000
Sales 360,000
Gross profit 25% of sales
Closing stock 70,000
Calculate
a) Cost of goods
b) Rate of stock turnover
Date posted:
March 27, 2019
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Answers (1)
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State four uses of balance sheet for business organizations.
(Solved)
State four uses of balance sheet for business organizations.
Date posted:
March 27, 2019
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Answers (1)
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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
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Answers (1)
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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
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Answers (1)
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Balance the following ledger accounts.
(Solved)
Balance the following ledger accounts.
Date posted:
March 27, 2019
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Answers (1)
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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
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Answers (1)
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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
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Answers (1)