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Record the following transactions in the relevant ledger accounts for the month of June, 2009
June 1: invested shs.100,000 cash in a retail business
June 2: Obtained...
(Solved)
Record the following transactions in the relevant ledger accounts for the month of June, 2009
June 1: invested shs.100,000 cash in a retail business
June 2: Obtained a co-operative loan of Shs.20,000 cash
June 3: bought furniture Shs. 70,000, paying Shs.40,000 cheque and the balance in cash
Date posted:
April 3, 2019
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Answers (1)
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Given below is a list of subsidiary ledgers:
-General ledger
-Nominal ledger
-Purchases ledger
-Sales ledger
-Cash book
Indicate in which ledger the following accounts should be recorded
(Solved)
Given below is a list of subsidiary ledgers:
-General ledger
-Nominal ledger
-Purchases ledger
-Sales ledger
-Cash book
Indicate in which ledger the following accounts should be recorded
Date posted:
April 3, 2019
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Answers (1)
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The following trial balance was prepared by an incompetent book keeper thus failed to
balance. Balance it.
(Solved)
The following trial balance was prepared by an incompetent book keeper thus failed to
balance. Balance it.
Date posted:
April 3, 2019
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Answers (1)
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The following balances were extracted from the books of Nyatike Traders Limited as at
31st January 2010 Kshs.
Discount...
(Solved)
The following balances were extracted from the books of Nyatike Traders Limited as at
31st January 2010 Kshs.
Discount allowed 5,000
Buildings 250,000
Return outwards 6,000
Purchases 74,000
Creditors 20,000
Drawings 16,000
Capital 319,000
Required: Prepare Nyatike Traders Ltd trial balance as at that date
Date posted:
April 3, 2019
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Answers (1)
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Identify the situation in which the following types of ledgers are appropriate:
i) Creditors ledger
ii) Private ledgers
iii) Normal ledger
(Solved)
Identify the situation in which the following types of ledgers are appropriate:
i) Creditors ledger
ii) Private ledgers
iii) Normal ledger
Date posted:
April 3, 2019
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Answers (1)
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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
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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
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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
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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
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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)