Study resources on Kenyaplex

Get ready-made curriculum aligned revision materials

Exam papers, notes, holiday assignments and topical questions – all aligned to the Kenyan curriculum.

Browse exam papers

Or go directly to:

Class notes Holiday assignments Topical questions Other resources

The table below contains descriptions relating to the type of cash terms used in home trade. Name the type which each description refers to.

Answers

(i) prompt
(ii) cash on delivery
(iii) spot cash
(iv) cash with order

sharon kalunda answered the question on September 4, 2019 at 13:25

Answer Attachments

Next: The following information was extracted from the records of Mwema Enterprises for the period ending 31^st December 2015. Required i) Trading profit and Loss A/C. ii) Balance sheet

Previous: In the spaces provided indicate whether each of the following sentences relate to verbal or audio visual communication.

View more Business Studies Questions and Answers | Return to Questions Index

Exams With Marking Schemes

Related Questions

The following information was extracted from the records of Mwema Enterprises for the period ending 31^st December 2015. Required i) Trading profit and Loss A/C. ii) Balance sheet (Solved)

The following information was extracted from the records of Mwema Enterprises for the period ending 31^st December 2015.

Required
i) Trading profit and Loss A/C.
ii) Balance sheet

Date posted: September 4, 2019 . Answers (1)
The following table shows the price of 2kg of maize flour 1 loaf of bread, and 1 packet of milk in 2013 and 2014 with... (Solved)

The following table shows the price of 2kg of maize flour 1 loaf of bread, and 1 packet of milk in 2013 and 2014 with their weights.

Required:
Calculate Consumer Price Index (C.P.I) for the year 2014 for the basket of goods composed of the three items using the Weighted Average Method and determine level of inflation.

Date posted: September 4, 2019 . Answers (1)
The following trial balance was extracted from the books of Jua Kali Trader as at 30^th June 2016. Stock as at 30th June 2016 was sh.70,000 (i)... (Solved)

The following trial balance was extracted from the books of Jua Kali Trader as at 30^th June 2016

Stock as at 30th June 2016 was sh.70,000
(i) Prepare Jua Kali Traders trading, profit and loss account for the period ended 30th June 2016.
(ii) A balance sheet as at that date.

Date posted: September 4, 2019 . Answers (1)
Explain five reasons why a firm would prefer trade credit to a bank loan. (Solved)

Explain five reasons why a firm would prefer trade credit to a bank loan.

Date posted: September 4, 2019 . Answers (1)
The table below shows source document state the book of original entry in which the information from these source documents would be recorded. (Solved)

The table below shows source document state the book of original entry in which the information from these source documents would be recorded.

Date posted: September 4, 2019 . Answers (1)
Funny Traders, had the following assets and liabilities as at 1^st January, 2015 ... (Solved)

Funny Traders, had the following assets and liabilities as at 1^st January, 2015

Sh
Furniture + equipment........................... 350,000
Debtors .........................................45,000
Cash............................................ 7,000
Creditor......................................... 48,000

For the year ended 31st December, 2015 there was:
(i) Additional capital introduced amounting to sh34,000.
(ii) Drawings made during the year amounting to sh20,000.
(iii) Net profit amounting to sh34,000.

Determine the capital of the business as at 31^st December, 2015.

Date posted: September 4, 2019 . Answers (1)
Indicate the form of external environmental factor described by the statement below. (Solved)

Indicate the form of external environmental factor described by the statement below.

Date posted: September 4, 2019 . Answers (1)
Hellen the new manager, outshine Company limited, is considering turning the office layout from being an open office layout to a landscape layout. Outline four... (Solved)

Hellen the new manager, outshine Company limited, is considering turning the office layout from being an open office layout to a landscape layout. Outline four changes she can adopt.

Date posted: September 4, 2019 . Answers (1)
State FOUR Ways in which advertising agencies assist in sales promotion. (Solved)

State FOUR Ways in which advertising agencies assist in sales promotion.

Date posted: September 4, 2019 . Answers (1)
State FOUR economic effects of taxation to a country's economy. (Solved)

State FOUR economic effects of taxation to a country's economy.

Date posted: September 4, 2019 . Answers (1)
The following are types of internal and external environments (Solved)

The following are types of internal and external environments. Technological, Business structure, Demographic and physical.In the table below , write the type of environment that suits the description.

Date posted: September 4, 2019 . Answers (1)
Record the following transactions in a two column cash bookand balance it off as at January 12^th2008 January 1 Started business with capital sh. 10,000... (Solved)

Record the following transactions in a two column cash bookand balance it off as at January 12^th2008

January 1 Started business with capital sh. 10,000 cash and sh. 25,000 bank overdraft
January 2 bought stock in cash sh. 6,000
January 3 cash sales sh. 2,500
January 7 bought stock worth sh. 5,000 on credit
January 12 withdrew cash from bank for office use sh. 4,000

Date posted: September 4, 2019 . Answers (1)
Atemo is the head of the marketing team at ABC Company that has recorded tremendous increase in volume of sales over the last four years.... (Solved)

Atemo is the head of the marketing team at ABC Company that has recorded tremendous increase in volume of sales over the last four years. Highlight four attributes that she possess.

Date posted: September 4, 2019 . Answers (1)
The following balances were extracted from the books of Asena Enterprises on 30^th June, 2006. ... (Solved)

The following balances were extracted from the books of Asena Enterprises on 30^th June, 2006.

Shs.
Gross profit........................... 120,000
Rent Income ............................100,000
Dividends received..................... 200,000
Salaries................................ 300,000
Carriage outwards........................ 10,300
Discount allowed .........................21,000

Prepare Asena's Enterprises profit and loss account for the year ended 30^th June,2006.

Date posted: September 4, 2019 . Answers (1)
The following transactions took place in the business of Darasile Traders in Kisumu year 2013.July 1^st: Started business with capital in cash Kshs.150,000.July 2^th: Opening... (Solved)

The following transactions took place in the business of Darasile Traders in Kisumu year 2013.

July 1^st: Started business with capital in cash Kshs.150,000.
July 2^th: Opening a bank account and deposited Kshs.30,000.
July 3^th: Bought buildings in cash Kshs.60,000.
July 4^th: Borrowed a loan in cash Kshs.20,000.
July 5^th: Bought stationery by cheque worth Kshs.6,000.
July 6^th: Repaid part of the loan by cheque Kshs.10,000.

Required:
(i) Record the above transactions in their various ledger accounts.
(ii) Prepare a trial balance.

Date posted: September 4, 2019 . Answers (1)
The following information relates to Kuwa‘s business for the year ended 31st May 2010. Net profit Sh.20,000 Working capital Sh.30,000 Return on capital 20% Employed Determine the value of: (a) Capital... (Solved)

The following information relates to Kuwa‘s business for the year ended 31st May 2010.
Net profit Sh.20,000
Working capital Sh.30,000
Return on capital 20%
Employed
Determine the value of:
(a) Capital employed.
(b) Fixed assets.

Date posted: September 4, 2019 . Answers (1)
Indicate the type of journal in which each of the following transactions would be recorded. (Solved)

Indicate the type of journal in which each of the following transactions would be recorded.

Date posted: September 4, 2019 . Answers (1)
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 . Answers (1)
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 . Answers (1)
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 . Answers (1)