(i) Credit
(ii) Debit
(iii) Credit
(iv) Debit
sharon kalunda answered the question on September 3, 2019 at 14:20
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The following information relates to Amani Traders for the period ended 30th April 2012.Prepare Amani Traders‘ Trading Account.
(Solved)
The following information relates to Amani Traders for the period ended 30th April 2012.
Prepare Amani Traders‘ Trading Account.
Date posted:
September 3, 2019
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Answers (1)
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Using a diagram illustrate the effects of a positive shift of a demand curve on the equilibrium point, price and quantity.
(Solved)
Using a diagram illustrate the effects of a positive shift of a demand curve on the equilibrium point, price and quantity.
Date posted:
September 3, 2019
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Answers (1)
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Using a well labelled diagram, illustrate movement along the demand curve.
(Solved)
Using a well labelled diagram, illustrate movement along the demand curve.
Date posted:
September 3, 2019
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Answers (1)
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Below are some of the factors that influence the operations of a business. Indicate with a tick (v) in the appropriate column the business environment...
(Solved)
Below are some of the factors that influence the operations of a business. Indicate with a tick (√) in the appropriate column the business environment associated with each of the factor.
Date posted:
September 3, 2019
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Answers (1)
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Highlight FOUR Positive effects of a declining population.
(Solved)
Highlight FOUR Positive effects of a declining population.
Date posted:
September 3, 2019
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Answers (1)
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State FOUR causes of structural inflation.
(Solved)
State FOUR causes of structural inflation.
Date posted:
September 3, 2019
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Answers (1)
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The average consumer price for a 90kg bag of maize for the year 2012 and 2013 is shown below.
(Solved)
The average consumer price for a 90kg bag of maize for the year 2012 and 2013 is shown below.
Year 2012................. 2013
Prices Ksh. 3000.............. Ksh. 4000
Calculate the increase in Consumer Price Index using 2012 as the base year.
Date posted:
September 3, 2019
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Answers (1)
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Indicate whether each of the following factors influence demand or supply of a commodity.
(Solved)
Indicate whether each of the following factors influence demand or supply of a commodity.
Date posted:
September 3, 2019
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Answers (1)
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State four reasons why short message services (SMS) is replacing letters as a way of communication.
(Solved)
State four reasons why short message services (SMS) is replacing letters as a way of communication.
Date posted:
September 3, 2019
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Answers (1)
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State the unit of carriage for each of the following modes of transport.
(Solved)
State the unit of carriage for each of the following modes of transport.
Date posted:
September 3, 2019
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Answers (1)
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Ndovu bought 200 blankets at Sh.500 each on credit. The terms of sale were 20% trade discount, 10% quantity discount and 5% cash discount if...
(Solved)
Ndovu bought 200 blankets at Sh.500 each on credit. The terms of sale were 20% trade discount, 10% quantity discount and 5% cash discount if payment is made within two weeks. Calculate the amount paid if payment is made after one week.
Date posted:
September 3, 2019
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Answers (1)
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The following information was obtained from the records of Biashara traders as at 31st December 2014. ...
(Solved)
The following information was obtained from the records of Biashara traders as at 31st December 2014.
Sh.
Long term loan............................ 20,000
Debtors ...................................6,000
Cash at bank ..............................24,000
Creditors .................................14, 000
Furniture .................................40,000
Stock..................................... 10,000
Prepare Biashara Traders balance sheet as at 31st December 2014.
Date posted:
September 3, 2019
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Answers (1)
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Using a diagram illustrate the effects of a rightward shift in supply curve on equilibrium price and quantity.
(Solved)
Using a diagram illustrate the effects of a rightward shift in supply curve on equilibrium price and quantity.
Date posted:
September 3, 2019
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Answers (1)
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The following balances were extracted from the books of Mutwiri Traders for the year ended 31st December 2011. ...
(Solved)
The following balances were extracted from the books of Mutwiri Traders for the year ended 31st December 2011.
Shs.
Gross profit ...........................76,200
Stock (31 st Dec.) .....................160,400
Cash ...................................210,120
Motor vehicle ..........................1,206,000
Capital .................................1,207,120
Equipment ...............................401,200
Furniture ................................188,800
Creditors .................................248,400
Debtors ..................................151,800
Discount received .......................52,800
Salaries ...............................24,800
Carriage outward....................... 28,800
Rent income ............................25,200
Advertising.............................. 44,400
Insurance................................ 18,800
Bank overdraft ...........................825,400
Required:
(i) Prepare a profit and loss A/C for Mutwiri Traders for the year ended 31 st Dec.2011.
(ii) Prepare a balance sheet as at 31 st Dec.2011.
Date posted:
September 3, 2019
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Answers (1)
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The following transactions related to Kioko Traders for the month of May 2012
(Solved)
The following transactions related to Kioko Traders for the month of May 2012
May 2: Sold goods on credit to Asunta sh.24, 000 and Janet sh.32, 000
May 8: Bought goods on credit from Patel Traders sh.80, 000
May 12: Asunta returned goods worth sh.4, 000
May 15: Purchased goods on credit from Karoki sh.68, 000 and Petero sh.62, 100
May 20: Goods worth sh. 12,000 were returned to Patel Traders and goods worth sh.6, 000 to Karoki
May 23: Goods sold on credit to Asunta sh. 16,000, Tom sh.22000 and Joseph sh.26, 000 May 27: Goods
returned by Janet sh.4, 000
May 30: Purchased a motor vehicle on credit worth sh. 1,000,000 from General motors
Prepare the relevant journals.
Date posted:
September 3, 2019
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Answers (1)
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The following information relates to Muindi Traders.Stock (1/1/2011)............ 30.000Stock (31/12/2011)........... 15,000Purchases..................... 150,000Mark up .......................20%Prepare the trading account for the period ended 31/12/2011.
(Solved)
The following information relates to Muindi Traders.
Stock (1/1/2011)............ 30,000
Stock (31/12/2011)........... 15,000
Purchases..................... 150,000
Mark up .......................20%
Prepare the trading account for the period ended 31/12/2011.
Date posted:
September 3, 2019
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Answers (1)
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Identify the source document used to make entries in the following journals.
(Solved)
Identify the source document used to make entries in the following journals.
Date posted:
September 3, 2019
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Answers (1)
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Record the following transactions in Kanana‘s Ledger accounts.
2014
Jan 1 : Credit sales to Mawira Ksh.60,000
Jan 2 : Credit purchases from Mutua Ksh. 120,000
(Solved)
Record the following transactions in Kanana‘s Ledger accounts.
2014
Jan 1 : Credit sales to Mawira Ksh.60,000
Jan 2 : Credit purchases from Mutua Ksh. 120,000
Date posted:
September 3, 2019
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Answers (1)
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On 1st July 2012, Meru traders had the following balances: ...
(Solved)
On 1st July 2012, Meru traders had the following balances:
shs.
Computer................ 45,000
Capital ................136,000
Creditors ..............20,000
Furniture.............. 80,000
Bank ..................26,000
Cash................... 5,000
The following transactions took place on 2nd July 2012 :
- purchased a motor van for sh.400,000 on credit from Shah motors
- paid a creditor sh. 13,000 by cheque
- bought furniture for sh.8000 by cheque
Prepare a balance sheet as at 2nd July 2012 after the above transactions had taken place.
Date posted:
September 3, 2019
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Answers (1)
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State four users of a balance sheet.
(Solved)
State four users of a balance sheet.
Date posted:
September 3, 2019
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Answers (1)