- Opening journal entries
- Purchasing of fixed asset on credit
- Sale of fixed assets on credit
- Correction of errors.
- Closing entries.
- Changes in the value of assets, liability and capital.
- Year end adjustments.
sharon kalunda answered the question on September 3, 2019 at 08:56
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Outline four benefits of using whatsapp in communication.
(Solved)
Outline four benefits of using whatsapp in communication.
Date posted:
September 3, 2019
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Outline four ways in which firms contribute to National income of a country.
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Outline four ways in which firms contribute to National income of a country.
Date posted:
September 3, 2019
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Mr Busara is a wholesaler,how can advertisement bring disadvantages to his business?
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Mr Busara is a wholesaler,how can advertisement bring disadvantages to his business?
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September 3, 2019
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The table below represents the supply of milk for eight weeks in the month of January and February 2009.Outline four causes of the trend in...
(Solved)
The table below represents the supply of milk for eight weeks in the month of January and February 2009.
Outline four causes of the trend in the table.
Date posted:
September 3, 2019
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Answers (1)
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The trial balances shown below was extracted from the ledger accounts of Maendeleo Traders as at 31st Dec 2015.
Stock on 31st Dec. 2015 was sh....
(Solved)
The trial balances shown below was extracted from the ledger accounts of Maendeleo Traders as at 31st Dec 2015.
Stock on 31st Dec. 2015 was sh. 30,000
Required:
Prepare Maendeleo Traders trading, Profit and Loss account for the period ended 31st Dec.2015.
Date posted:
September 3, 2019
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Answers (1)
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The following balances were extracted from the books of mathioya- kangema traders
(Solved)
The following balances were extracted from the books of mathioya- kangema traders on 1st Jan 2015
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Building ..............................300,000
Machinery ............................250,000
Debtors ...............................100,000
Creditors.............................. 200,000
Bank................................... 280,000
Stock ...................................190,000
The following transactions took place during the year ended 31st Dec 2015.
i) Sold goods for Shs. 160,000 receiving sh. 100,000 through a cheque and balance was to be settled the following year.
ii) Sold machinery worth sh.150,000 for sh. 100,000 and payment was made through the bank
iii) Sh. 50,000 was withdrawn from the bank for office use.
Required:
Prepare Mathioya Kangema balance sheet as at 31st Dec 2015 showing the ledger balances in the appropriate classes.
Date posted:
September 3, 2019
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Answers (1)
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The table below shows the age distribution of a country.
(Solved)
The table below shows the age distribution of a country.
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Date posted:
September 3, 2019
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Answers (1)
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The diagram below shows a shift in supply curve from S0S0 to S1S1
(Solved)
The diagram below shows a shift in supply curve from S0S0 to S1S1
State and explain the factors that may account for the above shift.
Date posted:
September 3, 2019
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Answers (1)
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Using the accounting equation, fill in the missing figures in the following table.
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Using the accounting equation, fill in the missing figures in the following table.
Date posted:
September 3, 2019
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Answers (1)
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Give four reasons that make insurance companies decline to insure acts of nature.
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Give four reasons that make insurance companies decline to insure acts of nature.
Date posted:
September 3, 2019
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Answers (1)
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The following is a cash book that was extracted from Manyatta traders for the month of February 2009.
Describe the transactions which took place on the...
(Solved)
The following is a cash book that was extracted from Manyatta traders for the month of February 2009.
Describe the transactions which took place on the dates given below.
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Date posted:
September 3, 2019
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Answers (1)
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State four circumstances under which photocopying may be used to reproduce documents in a school.
(Solved)
State four circumstances under which photocopying may be used to reproduce documents in a school.
Date posted:
September 3, 2019
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Answers (1)
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State whether each of the following transactions increased, decreased or had no effects on the balance sheet totals.
(Solved)
State whether each of the following transactions increased, decreased or had no effects on the balance sheet totals.
Date posted:
September 3, 2019
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Answers (1)
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Diana, Peter and James have been running a business as a partner without a written agreement. Advice them on the following matters as per the...
(Solved)
Diana, Peter and James have been running a business as a partner without a written agreement. Advice them on the following matters as per the partnership Act.
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Date posted:
September 3, 2019
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Answers (1)
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For each of the following sources document name the relevant day book.
(Solved)
For each of the following sources document name the relevant day book.
Date posted:
September 2, 2019
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Answers (1)
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On 1st of October 2009 Sambu bought goods on credit quoted at Kshs.240,000. Terms of sales were 20% trade discount and 10% cash discount if...
(Solved)
On 1st of October 2009 Sambu bought goods on credit quoted at Kshs.240,000. Terms of sales were 20% trade discount and 10% cash discount if payment was made on 29TH October 2009. Calculate the amount paid if payment was made on 26th October 2009.
Date posted:
September 2, 2019
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Answers (1)
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In the table below classify the accounts as personal, nominal, real or private.
(Solved)
In the table below classify the accounts as personal, nominal, real or private.
Account........................... Account type
Machinery
Kamau( creditor)
Electricity bill
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Date posted:
September 2, 2019
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Answers (1)
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Below are some factors that influence the operation of a business. By use of a tick indicate in the appropriate column the Business environment associated...
(Solved)
Below are some factors that influence the operation of a business. By use of a tick indicate in the appropriate column the Business environment associated with each of the factors.
Date posted:
September 2, 2019
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Answers (1)
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The table below shows prices and quantity of a crate of tomatoes supplied at Kapsabet Market for the last quarter of year 2015.Explain five factors...
(Solved)
The table below shows prices and quantity of a crate of tomatoes supplied at Kapsabet Market for the last quarter of year 2015.
Explain five factors that may have led to the change in quantities supplied.
Date posted:
September 2, 2019
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Answers (1)
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The following trial balance was extracted from the Books of Nandi Hills Enterprises for the year ended 31/12/2014.
Closing stock was valued at shs. 55,000 while...
(Solved)
The following trial balance was extracted from the Books of Nandi Hills Enterprises for the year ended 31/12/2014.
Closing stock was valued at shs. 55,000 while depreciation on motor vehicles was shs. 15,000.
Required:
(i) Trading, Profit and Loss Account for the year ended 31st December 2014.
(ii) Balance Sheet as at 31st December 2014.
Date posted:
September 2, 2019
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Answers (1)