--High level of poverty
-Disparity in income distribution
-Low level of savings and investments
-High population growth rate
-Dominance of subsistence sector
-Problem of unemployment
Under utilization of natural resource
-Dependence on the developed countries
-Low labour productivity
Kavungya answered the question on April 4, 2019 at 06:01
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Highlight four characteristics of good development plan
(Solved)
Highlight four characteristics of good development plan
Date posted:
April 4, 2019
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Answers (1)
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Highlight four factor that may hinder the success of East African Co-operation (E.A.C)
(Solved)
Highlight four factor that may hinder the success of East African Co-operation (E.A.C)
Date posted:
April 4, 2019
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Answers (1)
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A country’s domestic currency has been depreciating over time. Highlight five disadvantages of this to the country
(Solved)
A country’s domestic currency has been depreciating over time. Highlight five disadvantages of this to the country.
Date posted:
April 4, 2019
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Answers (1)
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Differentiate between progressive and regressive taxation giving an example of each
(Solved)
Differentiate between progressive and regressive taxation giving an example of each
Date posted:
April 4, 2019
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Answers (1)
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Outline four short comings of a country borrowing heavily from internal and external sources
(Solved)
Outline four short comings of a country borrowing heavily from internal and external sources
Date posted:
April 4, 2019
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Answers (1)
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Mention four ways in which individuals can hold money
(Solved)
Mention four ways in which individuals can hold money
Date posted:
April 4, 2019
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Answers (1)
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E-banking is a method of banking through electronic systems. Give four reasons to account
for the rising popularity of this banking system
(Solved)
E-banking is a method of banking through electronic systems. Give four reasons to account
for the rising popularity of this banking system
Date posted:
April 4, 2019
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Answers (1)
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Identify the motive of holding money in each of the circumstances below:-
(a) Need to hold money to cater for future unforeseen eventualities
(b) Need to have...
(Solved)
Identify the motive of holding money in each of the circumstances below:-
(a) Need to hold money to cater for future unforeseen eventualities
(b) Need to have money to cater for daily expenses
(c) Need to have money with hope that prices will fall in future in order to purchase more
Date posted:
April 4, 2019
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Answers (1)
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Give four circumstances under which a trader would operate a fixed deposit account
(Solved)
Give four circumstances under which a trader would operate a fixed deposit account
Date posted:
April 4, 2019
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Answers (1)
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Highlight four differences between a balance sheet and statement of affairs
(Solved)
Highlight four differences between a balance sheet and statement of affairs
Date posted:
April 4, 2019
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Answers (1)
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The following balances were extracted from the books of Shah Traders on 30th June, 2010
Closing stock was Kshs. 70,000 as at 30th June, 2010. Prepare...
(Solved)
The following balances were extracted from the books of Shah Traders on 30th June, 2010
Closing stock was Kshs. 70,000 as at 30th June, 2010. Prepare the trading account for the period
ended 30th June, 2010
Date posted:
April 4, 2019
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Answers (1)
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The following information was extracted form the books of Bondo Traders as at 31st Dec. 2004
Opening stock 2,500
Purchases ...
(Solved)
The following information was extracted form the books of Bondo Traders as at 31st Dec. 2004
Opening stock 2,500
Purchases 46,000
Closing stock 1,500
Mark up 20%
Prepare a trading account.
Date posted:
April 3, 2019
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Answers (1)
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The following information relates to Kafupi business enterprise:-
Average stock Shs.120,000
Rate of stock turnover 3 times
Margin ...
(Solved)
The following information relates to Kafupi business enterprise:-
Average stock Shs.120,000
Rate of stock turnover 3 times
Margin 25%
From the data above, determine;
(a) The cost of goods
(b) Gross profit
(c) Sales
Date posted:
April 3, 2019
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Answers (1)
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The following balances were extracted from the books of Masai retailers on
14th July 2000
...
(Solved)
The following balances were extracted from the books of Masai retailers on
14th July 2000
Shs.
Opening stock 30 000
Purchases 800 000
Closing stock ?
Sales 1 000 000
Return inwards 20 000
Return outwards 15 000
Maasai retailers sell goods at a mark up of 20%
Prepare the trading account for the period ended 14th July 2000
Date posted:
April 3, 2019
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Answers (1)
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The following information was extracted from the books of Klub traders
...
(Solved)
The following information was extracted from the books of Klub traders
Kshs.
Opening stock 160,000
Closing stock 200,000
Purchases 1,800,000
Margin 20%
Calculate klubs sales
Date posted:
April 3, 2019
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Answers (1)
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From the following information prepare debtors control account for the year
ended 31st Dec 2007
...
(Solved)
From the following information prepare debtors control account for the year
ended 31st Dec 2007
Shs
Debtors balance 1-1-07 11,000
Credit sales ?
Bad debts written off 5,000
Return inwards 1,600
Receipts from debtors 31,000
Dishonoured cheque 2,800
Discount allowed 3,400
Debtors balance 31-12-07 25,300
Date posted:
April 3, 2019
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Answers (1)
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State the journal that deals with each of the following types of transactions
(Solved)
State the journal that deals with each of the following types of transactions
TYPE OF TRANSACTION JOURNAL
i) Credit sales
ii) Return of goods by customers
iii) Return of goods to suppliers
iv) Cash cheques received
v) Credit purchases
vi) Sale of fixed assets on credit
vii) Purchase of a motor van on credit from general motors
viii) Correction of errors
Date posted:
April 3, 2019
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Answers (1)
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On 31st December,2009 details extracted from Khetia’s Ltd. showed commission received for the
year as Kshs. 60,000. Commission received in advance by 1st January,2009 was Kshs.12,000.
Whereas...
(Solved)
On 31st December,2009 details extracted from Khetia’s Ltd. showed commission received for the
year as Kshs. 60,000. Commission received in advance by 1st January,2009 was Kshs.12,000.
Whereas commission received in advance as at 31st December, 2009 was Kshs. 24,000.
Determine the commission income for the year 2009 that is posted to the profit and loss account
Date posted:
April 3, 2019
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Answers (1)
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Give three documents from which information entered in cash receipts and cash payments
Journals may be obtained
(Solved)
Give three documents from which information entered in cash receipts and cash payments
Journals may be obtained
Date posted:
April 3, 2019
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Answers (1)
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Record the following transactions in a double column cash book of JABER traders and balance
it off as at 12th June 2009:-
June 1: Balances : Cash...
(Solved)
Record the following transactions in a double column cash book of JABER traders and balance
it off as at 12th June 2009:-
June 1: Balances : Cash shs.5500
Bank shs.18000 (Cr)
June 3: Purchases shs.4500 was made being paid by cheque shs.4000, balance later
June 7: Sold goods for cash shs.6000
June 12: took shs.7000 to bank
June 13: Credit purchases from Ombogo shs.3000
June 14: paid Alweny shs.1000 cash
Date posted:
April 3, 2019
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Answers (1)