-Individual’s level of income
- Individual’s spending habits
-Prices of commodities
- Interval between receipts of income
-Availability of credit
marto answered the question on September 13, 2019 at 11:48
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The following balances were extracted from the books of Nakuru Enterprises as at 30th June, 2016.
(Solved)
The following balances were extracted from the books of Nakuru Enterprises as at 30th June, 2016.
Prepare;
i) Nakuru Enterprises profit and loss account for the year ended 30th June 2016.
ii) Nakuru Enterprises Balance sheet as at 30th June 2016.
Date posted:
September 13, 2019
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Answers (1)
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Demand for bananas in a certain market has been declining over time.
Explain four factors that may be responsible for this trend.
(Solved)
Demand for bananas in a certain market has been declining over time.
Explain four factors that may be responsible for this trend.
Date posted:
September 13, 2019
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Answers (1)
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Explain five ways through which the Central Bank regulates economic activities in the Country.
(Solved)
Explain five ways through which the Central Bank regulates economic activities in the Country.
Date posted:
September 13, 2019
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Answers (1)
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On 1st march 2017 Kamau had cash in hand Ksh 7,800 and a bank overdraft of Ksh 24,300.
(Solved)
On 1st march 2017 Kamau had cash in hand Ksh 7,800 and a bank overdraft of Ksh 24,300.During the month, the following transactions took place
March 3 cash sales paid directly into the bankKsh 16,500
4 bought goods for Ksh 15,000 and paid by cheque
6 cash sales Ksh. 50,000
9 received a cheque of ksh 18,000 from Amolo in full settlement of his debt
13 paid insurance premiums of Ksh 16,000 in cash
15 paid Kamotho by cheque Ksh 9,700 in full settlement of his account less 3% cash discount
21 withdrew Ksh 30,000 from bank for office use
24 received a cheque of Ksh23,750 from Rotich in full settlement of his account less 5% cash discount
25 paid wages in cash Ksh 20,000
30 banked all cash except Ksh 3,000
Required: prepare a three column cash book
Date posted:
September 13, 2019
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Answers (1)
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The following trial balance was extracted from the books of J.B. Traders as at 31st Dec. 2014.Stock on 31/12/2014 was valued at sh. 13,000Required: Prepare...
(Solved)
The following trial balance was extracted from the books of J.B. Traders as at 31st Dec. 2014.
Stock on 31/12/2014 was valued at sh. 13,000
Required: Prepare a Trading Profit and Loss account for the period ended 31/12/2014
Date posted:
September 5, 2019
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Answers (1)
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Luanda Traders had the following balances at 1st Jan 2015 Cash Sh. 180,000 (Dr.) Bank Sh. 67,000 (Cr.) During the month of Jan 2015, the...
(Solved)
Luanda Traders had the following balances at 1st Jan 2015 Cash Sh. 180,000 (Dr.) Bank Sh. 67,000 (Cr.) During the month of Jan 2015, the following transaction took place;
Jan 2 cash sales Sh. 14,500
Jan 6 Mwangi a debtor settled his account of Sh. 45,000 by cheque less 5% cash discount
Jan 8 Sold goods on credit with Sh. 25,000
Jan 14 Paid salaries in cash 50,000
Jan 18 Settled Laboso‘s account of 60,000 by cheque less 3% cash discount.
Jan 21 Received a cheque of 84,000 from Rotich after deducting 10% cash discount
Jan22 Cash purchases paid by cheque sh. 65,000
Jan 24 Cash sales worth 340,000 directly banked Sh. 300,000 cash into the account
Jan 28 Took cash 39,000 for children‘s school fees
Jan 31 Banked all cash except Sh. 36,000
Prepare a dully balanced three column cash book
Date posted:
September 5, 2019
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Answers (1)
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Outline three ways through which the competitive environment would positively influence a business enterprise.
(Solved)
Outline three ways through which the competitive environment would positively influence a business enterprise.
Date posted:
September 5, 2019
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Answers (1)
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Outline four fiscal measures that are used by government to control inflation.
(Solved)
Outline four fiscal measures that are used by government to control inflation.
Date posted:
September 5, 2019
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Answers (1)
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Outline four factors that can hinder timely implementation of a development plan.
(Solved)
Outline four factors that can hinder timely implementation of a development plan.
Date posted:
September 5, 2019
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Answers (1)
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Outline the procedure of balancing a ledger account.
(Solved)
Outline the procedure of balancing a ledger account.
Date posted:
September 5, 2019
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Answers (1)
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Give four reasons why free trade is not suitable to a developing country.
(Solved)
Give four reasons why free trade is not suitable to a developing country.
Date posted:
September 5, 2019
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Answers (1)
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Highlight four circumstances for using the short message service (SMS) to communicate.
(Solved)
Highlight four circumstances for using the short message service (SMS) to communicate.
Date posted:
September 5, 2019
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Answers (1)
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The following statements refer to different office layouts. Identify the type of office layout explained in the following statements.
a) All staff members operate from...
(Solved)
The following statements refer to different office layouts. Identify the type of office layout explained in the following statements.
a) All staff members operate from the same room
b) Senior managers are assigned separate rooms from where they coordinate activities.
c) High class office designed to enhancing the image of the organisation.
Date posted:
September 5, 2019
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Answers (1)
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Identify the type of goods described by the following statements given in the table.
(Solved)
Identify the type of goods described by the following statements given in the table.
Date posted:
September 5, 2019
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Answers (1)
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For each case of the following cases, name the motive for holding Money
(Solved)
For each case of the following cases, name the motive for holding Money
Date posted:
September 5, 2019
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Answers (1)
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State the document to be applied in each of the following statements.
(Solved)
State the document to be applied in each of the following statements.
Date posted:
September 5, 2019
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Answers (1)
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For each of the following transaction, indicate in the spaces provided the account to be debited the account to be credited and the ledger in...
(Solved)
For each of the following transaction, indicate in the spaces provided the account to be debited the account to be credited and the ledger in which it is maintained.
Date posted:
September 5, 2019
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Answers (1)
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Record the following transactions in the cash book of Kamau Traders for the Month of May 2016 and balance it .
2016
Jan 1 : Cash in...
(Solved)
Record the following transactions in the cash book of Kamau Traders for the Month of May 2016 and balance it .
2016
Jan 1 : Cash in hand shs 10,000. Cash at Bank shs 20,000.
Jan 10 : Paid Lucy shs 8,800 and Toms shs 11,000 after deduction 12% cash discount in Each case.
Jan 30 : Banked all the cash leaving ksh 1,200 in the cash book.
Date posted:
September 5, 2019
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Answers (1)
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State four features of consumer goods and services
(Solved)
State four features of consumer goods and services
Date posted:
September 5, 2019
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Answers (1)
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The following information relates to Mungoma Traders for the year ended 31st Dec 2015
(Solved)
The following information relates to Mungoma Traders for the year ended 31st Dec 2015
Gross profit............................... 140,000
Salaries ...................................20,000
Electricity charges..........................8,000
Discount Allowed............................ 6,000
Discount Received............................ 26,000
Prepare a profit and Loss Account for Mungoma Traders for the year ended 31st Dec 2015.
Date posted:
September 5, 2019
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Answers (1)