Circumstances for issuing a credit note
-If Mueni had been overcharged
-If mueni had returned some goods due to damage.
-If Mueni was charged for goods not supplied.
-If Mueni returned empty containers whose cost was included in the voice.
-If Mueni had merited some discounts which was not deducted from the invoice.
Kavungya answered the question on September 25, 2019 at 07:13
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Write the following abbreviations in full.
(i)G.D.P
(ii)N.N.P
(iii)G.N.P
(iv)D.P.I
(Solved)
Write the following abbreviations in full.
(i)G.D.P
(ii)N.N.P
(iii)G.N.P
(iv)D.P.I
Date posted:
September 25, 2019
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Answers (1)
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State the books of original entries in which the following documents are used.
(a)Incoming Invoice
(b)Incoming Receipt
(c)Outgoing Credit Note
(d)Outgoing Invoice
(Solved)
State the books of original entries in which the following documents are used.
(a)Incoming Invoice
(b)Incoming Receipt
(c)Outgoing Credit Note
(d)Outgoing Invoice
Date posted:
September 25, 2019
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Answers (1)
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State the type of unemployment to which each of the following statements relate
(Solved)
State the type of unemployment to which each of the following statements relate
Date posted:
September 25, 2019
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Answers (1)
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The diagram below shows a shift of the demand curve of a commodity Y from DoDo to D1D1.
Outline four factors that may have caused the...
(Solved)
The diagram below shows a shift of the demand curve of a commodity Y from DoDo to D1D1.
Outline four factors that may have caused the shift in the demand curve.
Date posted:
September 25, 2019
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Answers (1)
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Classify the following factors of a business as either internal or external business environment.
(Solved)
Classify the following factors of a business as either internal or external business environment.
Date posted:
September 25, 2019
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Answers (1)
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Outline four benefits received by a student who finished form four and had done business studies as a subject.
(Solved)
Outline four benefits received by a student who finished form four and had done business studies as a subject.
Date posted:
September 13, 2019
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Answers (1)
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The following information relates to Kawira Traders on 31st January 2018:
(Solved)
The following information relates to Kawira Traders on 31st January 2018:
Calculate:
(a) Closing stock.
(b) Rate of stock turnover for the year.
Date posted:
September 13, 2019
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Answers (1)
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Outline four expenditure items that are included in the measurement of national income under the expenditure approach.
(Solved)
Outline four expenditure items that are included in the measurement of national income under the expenditure approach.
Date posted:
September 13, 2019
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Answers (1)
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Highlight four emerging issues in communication.
(Solved)
Highlight four emerging issues in communication.
Date posted:
September 13, 2019
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Answers (1)
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Complete the table below for business A, B, C and D.
(Solved)
Complete the table below for business A, B, C and D.
Date posted:
September 13, 2019
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Answers (1)
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Name four source documents which are used to provide information used to make entries in the books of accounts.
(Solved)
Name four source documents which are used to provide information used to make entries in the books of accounts.
Date posted:
September 13, 2019
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Answers (1)
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Give four circumstances when pipeline would be more preferred as a means of transport.
(Solved)
Give four circumstances when pipeline would be more preferred as a means of transport.
Date posted:
September 13, 2019
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Answers (1)
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State four problems that are usually encountered in the formulation stage of a development plan.
(Solved)
State four problems that are usually encountered in the formulation stage of a development plan.
Date posted:
September 13, 2019
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Answers (1)
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Name the international trade documents that relates to each of the following statements.
(Solved)
Name the international trade documents that relates to each of the following statements.
Date posted:
September 13, 2019
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Answers (1)
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Outline four factors that would influence the amount of money held by an individual for transaction purpose.
(Solved)
Outline four factors that would influence the amount of money held by an individual for transaction purpose.
Date posted:
September 13, 2019
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Answers (1)
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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)