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For each of the following transactions, indicate the effect of each transaction on the balance sheet items as either increase, decrease or no change.
(Solved)
For each of the following transactions, indicate the effect of each transaction on the balance sheet items as either increase, decrease or no change.
Date posted:
September 2, 2019
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Answers (1)
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Highlight four ways that may be used by a monopoly to differentiate a product market
(Solved)
Highlight four ways that may be used by a monopoly to differentiate a product market
Date posted:
September 2, 2019
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Answers (1)
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Outline four ways the economic environment influence business activities
(Solved)
Outline four ways the economic environment influence business activities
Date posted:
September 2, 2019
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Answers (1)
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For each of the following statements, give the type of unemployment described.
(Solved)
For each of the following statements, give the type of unemployment described.
Date posted:
September 2, 2019
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Answers (1)
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Show the effect of each of the following transactions to capital, liabilities and assets indicating whether it is an increase (+) a decrease (-) or...
(Solved)
Show the effect of each of the following transactions to capital, liabilities and assets indicating whether it is an increase (+) a decrease (-) or a nil (0) .
Date posted:
September 2, 2019
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Answers (1)
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The table below contains descriptions relating to some type of warehouse. In the space provided, write the type of warehouse to which each description refers.
(Solved)
The table below contains descriptions relating to some type of warehouse. In the space provided, write the type of warehouse to which each description refers.
Date posted:
September 2, 2019
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Answers (1)
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In the spaces provided below, state the document to which each of the following statement relate.
(Solved)
In the spaces provided below, state the document to which each of the following statement relate.
Date posted:
September 2, 2019
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Answers (1)
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State the book of original entry used in recording each of the following transaction of Mrembo Traders.
(Solved)
State the book of original entry used in recording each of the following transaction of Mrembo Traders.
Date posted:
September 2, 2019
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Answers (1)
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Study the ledger accounts given below and write out the transactions that took place affecting the business of Huruma Ltd in January 2008.
(Solved)
Study the ledger accounts given below and write out the transactions that took place affecting the business of Huruma Ltd in January 2008.
Date posted:
September 2, 2019
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Answers (1)
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The following balances were extracted from Mwangaza traders books of accounts.
...
(Solved)
The following balances were extracted from Mwangaza traders books of accounts.
Shs.
Opening stock 25,000
Closing stock 35,000
Purchases 190,000
Mark - up 20%
Calculate:
i) Cost of sales
ii) Gross profit
iii) Sales
iv) Rate of stock turnover (ROSTO)
Date posted:
September 2, 2019
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Answers (1)
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Explain five reasons that contribute to low tax revenue by the government through Kenya RevenueAuthority.
(Solved)
Explain five reasons that contribute to low tax revenue by the government through Kenya RevenueAuthority.
Date posted:
September 2, 2019
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Answers (1)
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The following balances relate to Maendeleo Electrical Enterprise as at 31st December, 2014.
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(Solved)
The following balances relate to Maendeleo Electrical Enterprise as at 31st December, 2014.
Sh.
Machinery 1,240,000
Stock 190,000
Debtors 150,000
Motor vehicle 1,100,000
Cash- in- hand 150,000
Creditors 270,000
Bank overdraft 130,000
10 year bank loan 1,200,000
Capital 1,660,000
Drawings 750,000
Net profit 320,000
Required:
Prepare a balance sheet as at 31st December, 2014 clearly showing:
i) Net capital
ii) Total current liabilities
iii) Total current assets
Date posted:
September 2, 2019
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Answers (1)
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Explain five factors that may influence the choice of distribution channel for milk.
(Solved)
Explain five factors that may influence the choice of distribution channel for milk.
Date posted:
September 2, 2019
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Answers (1)
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Factors to consider before you locate an office
(Solved)
Factors to consider before you locate an office
Date posted:
September 2, 2019
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Answers (1)
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Explain five benefits that may accrue to Kenya as a result of joining the East Africa community.
(Solved)
Explain five benefits that may accrue to Kenya as a result of joining the East Africa community.
Date posted:
August 20, 2019
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Answers (1)
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Mulwa started a hardware business on 1st Jan 2018. The following is a summary of his transactions during the month.
(Solved)
Mulwa started a hardware business on 1st Jan 2018. The following is a summary of his transactions during the month.
Required
Record the above transactions in the appropriate journals.
Date posted:
August 20, 2019
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Answers (1)
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There is a tendency of firms being located where other firms exist. Highlight five disadvantages of this move.
(Solved)
There is a tendency of firms being located where other firms exist. Highlight five disadvantages of this move.
Date posted:
August 20, 2019
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Answers (1)
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Given below are some of the balances extracted from the books of Kings Traders on 31st May 2018.
(Solved)
Given below are some of the balances extracted from the books of Kings Traders on 31st May 2018.
Prepare Kings Traders Trading Account for the year ended 31st August 2017.
Date posted:
August 20, 2019
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Answers (1)
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Ouma runs a retail business. In 2018 he made sales of shs.40,000. His mark-up was 25%. Calculate his gross profit in 2018.
(Solved)
Ouma runs a retail business. In 2018 he made sales of shs.40,000. His mark-up was 25%. Calculate his gross profit in 2018.
Date posted:
August 20, 2019
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Answers (1)
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Using the symbols (+) for increase, (-) for decrease and (NC) for no change, indicate the effects of the following transactions on total assets, capital...
(Solved)
Using the symbols (+) for increase, (-) for decrease and (NC) for no change, indicate the effects of the following transactions on total assets, capital and liabilities.
Date posted:
August 20, 2019
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Answers (1)