Trusted by millions of Kenyans
Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

The transaction below shows Mrs.Odhiambo’s financial position in farm business for the year 1997. Use this information to answer the question that follow: - Milk sales...

The transaction below shows Mrs.Odhiambo’s financial position in farm business for the year 1997. Use this information to answer the question that follow:
- Milk sales - sh 8,000.00
- Purchase of farm tools - sh 1,000.00
- Sales of goats - sh 500.00
- Construction of zero grazing unit- sh 10,000.00
- Closing valuation - sh 16,000.00
- Depreciation of machinery - sh 800.00
- Interest payable - sh 750.00
- Purchase of pesticides - sh 300.00
- Veterinary bills - sh 400.00
- Sales of cabbage - sh 750.00
- Wages - sh 4800.00
- Sales of one heifer - sh 9400.00
- Opening valuation - sh12,000.00
- Tea sales - sh 4,700.00
i) Prepare the profit and loss account of Mrs.Odhiambo’s farm.
ii) What percentage profit or loss did Mrs. Odhiambo make during the year 1997.

Answers


Kavungya
fig12342019843.png
fig12342019847.png
Kavungya answered the question on April 23, 2019 at 05:48

Answer Attachments

Exams With Marking Schemes

Related Questions