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- Saving – The payment of premiums is a kind of saving to the policy holder
- Security – The policy is security for both the assured and beneficiaries
- The holder can secure a loan from the insurer without having to pledge for further security
- Interest/ Bonuses – The policy earns interest or bonuses on the paid up premium
- Investment – The holder may want to invest more by buying shares in the company
- Can use the matured amount after the stated period to invest
Kavungya answered the question on April 4, 2019 at 06:21
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Outline five disadvantages of sirens as a form of communication that is popular with
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Date posted: April 4, 2019. Answers (1)
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Describe the procedure that a shareholder would follow in selling share through the stock
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Date posted: April 4, 2019. Answers (1)
- The following information was extracted from books of Chunga Traders for the period ending
31/12/2000:- Fixed assets – 350,000
Drawings – 50,000
Creditors – 50,000
Cash – 60,000
Discount received...(Solved)
The following information was extracted from books of Chunga Traders for the period ending
31/12/2000:- Fixed assets – 350,000
Drawings – 50,000
Creditors – 50,000
Cash – 60,000
Discount received 4,000
Rent – 12,000
Bank overdraft – 10,000
Debtors – 20,000
Stock (31/12/2000)-30,000
Commission received – 6,000
Gross profit – 80,000
Electricity – 3,000
Stock (11/1/2000) – 50,000
Salaries – 20,000
Calculate:- (i) Working capital
(ii) Capital employed
Date posted: April 4, 2019. Answers (1)
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Date posted: April 4, 2019. Answers (1)
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- The following statement shows the various level of economic integration. Against this statements,
give the level that suits each:(Solved)
The following statement shows the various level of economic integration. Against this statements,
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Date posted: April 4, 2019. Answers (1)
- The table below gives descriptions of some documents used in international trade complete the
table, by indicating the name of the document that corresponds to each...(Solved)
The table below gives descriptions of some documents used in international trade complete the
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Date posted: April 4, 2019. Answers (1)
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Date posted: April 4, 2019. Answers (1)
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A country’s domestic currency has been depreciating over time. Highlight five disadvantages of this to the country.
Date posted: April 4, 2019. Answers (1)
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Date posted: April 4, 2019. Answers (1)
- Match the following types of taxes with the appropriate description given below:-
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Date posted: April 4, 2019. Answers (1)
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E-banking is a method of banking through electronic systems. Give four reasons to account
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Date posted: April 4, 2019. Answers (1)
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(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. Answers (1)
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Date posted: April 4, 2019. Answers (1)
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Date posted: April 4, 2019. Answers (1)
- On 1st January 2009, Rodi Traders had a capital of shs 550 000 at the end of the year.
The following balances were available
Items ...(Solved)
On 1st January 2009, Rodi Traders had a capital of shs 550 000 at the end of the year.
The following balances were available
Items 31.12.2009
Shs.
Creditors 50 000
Debtors 30 000
Bank overdraft 80 000
Buildings 870 000
Rent due 10 000
Salaries prepaid 10 000
i) Prepare statement of affairs as at 31.12.2009
ii) Determine the net profit for the year
Date posted: April 4, 2019. Answers (1)
- On 31st January 2004, Maleya Traders had a capital of Kshs.65000. At the end of the year, the
following balances were available:-
...(Solved)
On 31st January 2004, Maleya Traders had a capital of Kshs.65000. At the end of the year, the
following balances were available:-
Kshs.
Stock 8,000
Creditors 6,000
Cash at bank 4,000
Premises 90,000
Prepare a statement of affairs on 31st December 2004
Date posted: April 4, 2019. Answers (1)
- The bookkeeper of Chacha Traders extracted the following information form the accounting
records:-
...(Solved)
The bookkeeper of Chacha Traders extracted the following information form the accounting
records:-
1/1/2009 31/12/2009
Suppliers 445,000 620,000
Discount received - 12,000
Purchases returns - 25,000
During the year ended 31/12/2009, suppliers were paid shs.1,400,000 while cash purchases
Amounted to shs.800,000. Determine the purchase for the year
Date posted: April 4, 2019. Answers (1)