- Sales return journal
- Purchase journal
- Cash receipt journal
- General journal
sharon kalunda answered the question on September 4, 2019 at 09:05
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Write the account to debit and credit in the following transactions written below.
(Solved)
Write the account to debit and credit in the following transactions written below.
Date posted:
September 4, 2019
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Answers (1)
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Highlight four reasons why mail order business is not very popular in Kenya.
(Solved)
Highlight four reasons why mail order business is not very popular in Kenya.
Date posted:
September 4, 2019
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Answers (1)
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Highlight four advantages of having inland container depots (ICDS) in Nairobi, Kisumu, Eldoret and Malaba.
(Solved)
Highlight four advantages of having inland container depots (ICDS) in Nairobi, Kisumu, Eldoret and Malaba.
Date posted:
September 4, 2019
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Answers (1)
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On 1st July 2011, Maranga had cash at Bank sh. 136,500 and cash in hand sh. 3,250.
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On 1st July 2011, Maranga had cash at Bank sh. 136,500 and cash in hand sh. 3,250. During the month, the following transactions took place.
July 2: Cash sales Sh. 42,630 paid directly into bank.
July 3: Received a cheque for Sh. 14,100 from Murungi in full settlement of a debt.
July 8: Bought goods for Sh. 26,240 and paid by cheque.
July 12: Cash sales 42,450.
July 14: Paid Ochako by cheque Sh. 23,750 in full settlement of his account less 5% cash discount.
July 15: Paid wages Sh. 24,000 in cash.
July 16: Withdrew sh. 36,000 from bank for office use.
July 18: Bought stationary in cash Sh. 750.
July 20: Cheque received from Murungi was dishonoured.
July 28: Paid salaries by cheque for Sh. 48,600.
July 30: All cash was banked except Sh. 5,000.
Required: Prepare a Three-Column Cashbook duly balanced.
Date posted:
September 3, 2019
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Answers (1)
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For each of the following situations, name the most suitable means of payment to be used.
(Solved)
For each of the following situations, name the most suitable means of payment to be used.
Date posted:
September 3, 2019
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Answers (1)
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Indicate using a tick (v) the type of balance that each of the following accounts usually has.
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Indicate using a tick (√) the type of balance that each of the following accounts usually has.
Date posted:
September 3, 2019
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Answers (1)
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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.
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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.
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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.
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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)