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The following transactions were extracted from the books of Furaha retailers.
(Solved)
The following transactions were extracted from the books of Furaha retailers.
April 1.Balance brought forward cash ksh 1,900 cash at bank ksh. 6500.
April 3.Sold goods in cash ksh. 1,200.
April 5. Paid transport by cheque ksh. 2,050.
April 7.Bought goods worth ksh.2,500 in cash less 5% cash discount.
Apri l 10.Paid postage charges by cheque ksh.3,000.
April 12.Furaha deposited ksh.600 from cash till to the business bank account.
April 13.Bought goods ksh .8400 by cheque.
April 15. Sold some old furniture for ksh 3,900 and received the money by cash.
April 17.Brought a table to be used in the business whose value was ksh.1,800.
April 18.Paid electricity bill by cheque ksh.2,100.
April 20.Sold goods goods against a cheque for ksh.6,600 whose value was ksh.6,850.
April 21.Took cash ksh 400 for family use..
April 26.Sold goods on credit to Kamani valued at ksh 4,500.
April 28.Received cash ksh.1,500 from Bidii stores.
April 30.Deposited all cash with the bank except ksh.3,525.
Required to prepare a three column cash book duly balanced.
Date posted:
May 22, 2019
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Answers (1)
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Explain five documents used in home trade that are prepared by the buyer.
(Solved)
Explain five documents used in home trade that are prepared by the buyer.
Date posted:
May 22, 2019
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Answers (1)
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The following balances were extracted from the books of Kasuku traders on 30th June 2018.
The following transactions took place in the month of July 2018.
July...
(Solved)
The following balances were extracted from the books of Kasuku traders on 30th June 2018.
The following transactions took place in the month of July 2018.
July 10 Kasuku traders received ksh. 15,000 from a debtor by cheque.
July 15 Bought more furniture worth ksh. 2,500 and paid in cash.
July 20 Took goods worth 14,000 for home use.
Required.Prepare a balance sheet as at 30th July 2018.
Date posted:
May 22, 2019
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Answers (1)
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Mention the four elements of transport .
(Solved)
Mention the four elements of transport .
Date posted:
May 22, 2019
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Answers (1)
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Name four documents required by the registrar of companies in order to
register a Public Limited Company
(Solved)
Name four documents required by the registrar of companies in order to
register a Public Limited Company
Date posted:
May 22, 2019
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Answers (1)
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State four ways in which human resource can positively influence the
internal environment of a business
(Solved)
State four ways in which human resource can positively influence the
internal environment of a business
Date posted:
May 22, 2019
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Answers (1)
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Below is a diagram of demand and supply curve
Highlight four factors that may have led to the above behavior
(Solved)
Below is a diagram of demand and supply curve
Highlight four factors that may have led to the above behavior
Date posted:
May 22, 2019
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Answers (1)
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Outline four ways in which utility of a good is created in production
(Solved)
Outline four ways in which utility of a good is created in production
Date posted:
May 22, 2019
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Answers (1)
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The following balances relates to the retail business of Omondi for the month of July 2012.
(Solved)
The following balances relates to the retail business of Omondi for the month of July 2012.
Sales 50,000
Expenses 10% of sales
Cost of goods sold 40,000
Calculate:
(i) Mark up. (1 mark)
(ii) Margin. (1 mark)
(iii) Total expenses. (1 mark)
(iv) Net profit
Date posted:
May 21, 2019
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Answers (1)
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Outline four features of direct production.
(Solved)
Outline four features of direct production.
Date posted:
May 21, 2019
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Answers (1)
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Kiganjo Traders had the following balances as at 31st December, 2014
(Solved)
Kiganjo Traders had the following balances as at 31st December, 2014
Determine the profit for the year.
Date posted:
May 21, 2019
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Answers (1)
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State the best type of machine one would use to perform the following tasks.
(Solved)
State the best type of machine one would use to perform the following tasks.
Date posted:
May 21, 2019
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Answers (1)
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The accounts of Hakuna Matata Traders showed the following balances on 1st January 2014
(Solved)
The accounts of Hakuna Matata Traders showed the following balances on 1st January 2014
Required:
Record the above transactions in the relevant ledger accounts and balance the accounts on 31stJanuary 2014
Date posted:
May 21, 2019
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Answers (1)
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The following balances were extracted from books of Masaku Traders for the year ended 31/12/2004
(Solved)
The following balances were extracted from books of Masaku Traders for the year ended 31/12/2004
Prepare
(i) Profit and loss a/c for the year ended 31/12/2004
Date posted:
May 21, 2019
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Answers (1)
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Enter each of the following transactions in the relevant ledger accounts
(Solved)
Enter each of the following transactions in the relevant ledger accounts
(a) Started business in June 15th 2014 with Ksh. 500,000 in bank.
(b) Bought a motor vehicle in June 16th 2014 for KSh. 250,000, payment made by a cheque.
(c) Withdrew Ksh. 50,000 in June 20th 2014 from the business bank a/c to be used in the office.
(d) June 24th, 2014, paid salaries Ksh. 18,000 cash.
Date posted:
May 21, 2019
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Answers (1)
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The following balances were obtained from the books of Jomba Traders as at 30th July 2014
(Solved)
The following balances were obtained from the books of Jomba Traders as at 30th July 2014
Calculate
(a) Cost of goods sold
(b) Rate of stock turnover
Date posted:
May 21, 2019
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Answers (1)
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In the spaces provided below, indicate with a tick whether each of the following statements relates to preference or ordinary shares
(Solved)
In the spaces provided below, indicate with a tick whether each of the following statements relates to preference or ordinary shares
Date posted:
May 21, 2019
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Answers (1)
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State the factor of production that each of the following resources relate to:-
(Solved)
State the factor of production that each of the following resources relate to:-
Date posted:
May 21, 2019
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Answers (1)
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The following diagram represents demand and supply of a product.
(Solved)
The following diagram represents demand and supply of a product.
(a) State what is represented by curves
ap _____________________________
bq _____________________________
letter c _______________________
(b) On the diagram, indicate equilibrium price (PE) and equilibrium quantity (QE)
Date posted:
May 21, 2019
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Answers (1)
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State and explain factors that have turned to frustrate economic developments in a country like Kenya.
(Solved)
State and explain factors that have turned to frustrate economic developments in a country like Kenya.
Date posted:
May 12, 2019
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Answers (1)