i) Creditors ledger-to find the total purchase made on credit
ii) Private ledgers-to ascertain the movement of capital in the business/keep confidential
accounts
iii) Normal ledger-to record the total expenses or income incurred r received in business
Kavungya answered the question on April 3, 2019 at 12:08
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Prepare Betty’s trial balance from the following information
Items ksh
Purchases ...
(Solved)
Prepare Betty’s trial balance from the following information
Items ksh
Purchases 130,000
Capital 150,000
Sales 165,000
Debtors 45,000
Creditors 40,000
Motor vehicles 120,000
Stock 50,000
Cash at bank 10,000
Date posted:
April 3, 2019
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Answers (1)
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Show how the following transactions may affect the items of balance sheet, stating whether it is
an increase , decrease or no effect
(Solved)
Show how the following transactions may affect the items of balance sheet, stating whether it is
an increase , decrease or no effect
Date posted:
April 3, 2019
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Answers (1)
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Indicate the balance sheet items which would be affected by the following transactions
(a) Purchase of a lawn mower by cheque
(b) Sale of goods on credit...
(Solved)
Indicate the balance sheet items which would be affected by the following transactions
(a) Purchase of a lawn mower by cheque
(b) Sale of goods on credit to Mwangi
(c) A debtor pays by cash
(d) The owner converted his personal car into a business asset
Date posted:
April 3, 2019
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Answers (1)
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Account for the difference between the gross National Income figures between Kenya
and Uganda
(Solved)
Account for the difference between the gross National Income figures between Kenya
and Uganda
Date posted:
April 3, 2019
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Answers (1)
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Outline four factors used to determine the distribution of Omo, as a common household detergent
in Kenya
(Solved)
Outline four factors used to determine the distribution of Omo, as a common household detergent
in Kenya
Date posted:
April 3, 2019
.
Answers (1)
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Dady a traders at Kibigori trading centre wishes to import goods from Brand kamp , a Germany
Describe four channels of distribution that Dady’s goods are...
(Solved)
Dady a traders at Kibigori trading centre wishes to import goods from Brand kamp , a Germany
Describe four channels of distribution that Dady’s goods are likely to take to reach his consumers
at Kibgori
Date posted:
April 3, 2019
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Answers (1)
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Kenya co-operative creameries (KCC) sell its dairy products directly to retailers. Highlight four
factors that were considered in the choice of this channel of Distribution
(Solved)
Kenya co-operative creameries (KCC) sell its dairy products directly to retailers. Highlight four
factors that were considered in the choice of this channel of Distribution
Date posted:
April 3, 2019
.
Answers (1)
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The table below shows the total cost of a certain product at given output levels
At output of 50 units; determine
a) Total fixed costs
b) Average variable...
(Solved)
The table below shows the total cost of a certain product at given output levels
At output of 50 units; determine
a) Total fixed costs
b) Average variable cost
c) Average total cost
d) Marginal cost
Date posted:
April 3, 2019
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Answers (1)
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Give four ways in which a firm may achieve marketing economies of scale
(Solved)
Give four ways in which a firm may achieve marketing economies of scale
Date posted:
April 3, 2019
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Answers (1)
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Highlight four measures the government may take to promote delocalization in the country
(Solved)
Highlight four measures the government may take to promote delocalization in the country
Date posted:
April 3, 2019
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Answers (1)
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Highlight four ways a trader benefits from localization of industries
(Solved)
Highlight four ways a trader benefits from localization of industries
Date posted:
April 3, 2019
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Answers (1)
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State four causes of abnormal demand
(Solved)
State four causes of abnormal demand
Date posted:
April 3, 2019
.
Answers (1)
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The table below represents a farmer’s supply of cabbage in a local urban centre
Assuming the price remained constant state four reasons for the trends in...
(Solved)
The table below represents a farmer’s supply of cabbage in a local urban centre
Assuming the price remained constant state four reasons for the trends in the supply of cabbages
Date posted:
April 3, 2019
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Answers (1)
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The following graph shows a shift in demand from D0D0 to D1D1
State four possible reasons for the above shift
(Solved)
The following graph shows a shift in demand from D0D0 to D1D1
State four possible reasons for the above shift
Date posted:
April 3, 2019
.
Answers (1)
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Below are terms used in sales promotions:-Competitive advertising -Product advertising
(Solved)
Below are terms used in sales promotions:-
-Competitive advertising
-Product advertising
-Informative advertising
- Institutional advertising
-Primary demand advertising
Identify the most appropriate term described in each of the following case,
i) Aims at increasing the sales volume of the company’s entire range of products
ii) Provides relevant information about producers products
iii) Seeks to popularize the business enterprise offering goods for sale
iv) Seeks to promote the sale of a new variety of a company’s creations
Date posted:
April 3, 2019
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Answers (1)
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A private warehouse owner insured his warehouse valued at Kshs.400, 000 for Kshs600, 000
against risk of fire. The warehouse was later destroyed completely by fire...
(Solved)
A private warehouse owner insured his warehouse valued at Kshs.400, 000 for Kshs600, 000
against risk of fire. The warehouse was later destroyed completely by fire including goods worth
shs 100,000.
Required:
i) Determine the amount of compensation paid by the insurance company
ii) Give a reason for your answer in (i) above
Date posted:
April 3, 2019
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Answers (1)
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Define the following types of marine insurance losses:-
(a) Total constructive loss
(b) General average loss
(Solved)
Define the following types of marine insurance losses:-
(a) Total constructive loss
(b) General average loss
Date posted:
April 3, 2019
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Answers (1)
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State four reasons why few Kenyan take out life assurance policy
(Solved)
State four reasons why few Kenyan take out life assurance policy
Date posted:
April 3, 2019
.
Answers (1)
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Give the significance of the following principles to both the insurer and insured
i) Utmost good faith
ii) Indemnity.....
iii) Contribution
iv) Insurable interest..
(Solved)
Give the significance of the following principles to both the insurer and insured
i) Utmost good faith
ii) Indemnity.....
iii) Contribution
iv) Insurable interest..
Date posted:
April 3, 2019
.
Answers (1)
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Kazi moto insured a motor vehicle against fire with MotoMoto company by paying
Kshs.300.000. later the car was destroyed at a garage and a compensation of...
(Solved)
Kazi moto insured a motor vehicle against fire with MotoMoto company by paying
Kshs.300.000. later the car was destroyed at a garage and a compensation of Kshs. 400,000
were paid. Using insurance terms, state what each of the following stand for ;
a) Kazi Moto
b) Fire
c) Kshs 300,000
d) Moto Moto Company
Date posted:
April 3, 2019
.
Answers (1)