-current holders can get overdraft facilities
-any amount of money can be withdrawn at any time without giving notice.
-The account holder can conveniently make payment using cheques
-No minimum balance is required to be maintained in current accounts
-Cheques serve as evidence of payment to current account holder
-Periodic statements showing deposits and withdrawals can be provided to the account holder
-Purchases can be made using post-dated cheques. These are cheques to be honored at a later date.
Kavungya answered the question on September 25, 2019 at 13:31
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State four external dis-economies of scale that a firm may get.
(Solved)
State four external dis-economies of scale that a firm may get.
Date posted:
September 25, 2019
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Answers (1)
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Outline four factors that an entrepreneur will consider when determining the most viable business opportunity.
(Solved)
Outline four factors that an entrepreneur will consider when determining the most viable business opportunity.
Date posted:
September 25, 2019
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Answers (1)
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State the benefits that an investor could derive from a stock exchange market.
(Solved)
State the benefits that an investor could derive from a stock exchange market.
Date posted:
September 25, 2019
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Answers (1)
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From the following list of items, classify them to either internal or external environment.
(i) Employees
(ii) Inflation
(iii) Technology applied
(iv) Invested funds
(v) Cultural factors
(vi) Tools
(vii) Entrepreneur
(viii) Political...
(Solved)
From the following list of items, classify them to either internal or external environment.
(i) Employees
(ii) Inflation
(iii) Technology applied
(iv) Invested funds
(v) Cultural factors
(vi) Tools
(vii) Entrepreneur
(viii) Political factors
Date posted:
September 25, 2019
.
Answers (1)
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The following balance sheet was extracted from the books of Kirui traders on 1st April 2011.
The following transactions took place during the month of April...
(Solved)
The following balance sheet was extracted from the books of Kirui traders on 1st April 2011.
The following transactions took place during the month of April 2011.
4.04.2011 Mrs Kirui sold her personal assets for sh.30000 receiving payment by
Cheque which she invested in the business.
10.04.201 She purchased goods for sh.29000 on credit from Mutai
19.04.2011 She returned goods worth sh.3000 to Mutai after they were found defective
30.04.2011 She sold goods for sh.12000 cash
Required
Open the relevant ledger accounts, record the above transactions and balance them off.
Date posted:
September 25, 2019
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Answers (1)
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Mr. Kisuiya insured his house with an Insurance company for sh.1,000,000. After some months Mr. Kisuiya’s house was completely destroyed by fire. Highlight five reasons...
(Solved)
Mr. Kisuiya insured his house with an Insurance company for sh.1,000,000. After some months Mr. Kisuiya’s house was completely destroyed by fire. Highlight five reasons which may make the Insurance company not to compensate Mr. Kisuiya
Date posted:
September 25, 2019
.
Answers (1)
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Unemployment is a problem in any economy in the world. Explain five measures that the Kenyan government may take to reduce this problem.
(Solved)
Unemployment is a problem in any economy in the world. Explain five measures that the Kenyan government may take to reduce this problem.
Date posted:
September 25, 2019
.
Answers (1)
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Give four incentives that a government may give investors to encourage development of firms in a certain area.
(Solved)
Give four incentives that a government may give investors to encourage development of firms in a certain area.
Date posted:
September 25, 2019
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Answers (1)
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State four ways in which the government may promote local trade.
(Solved)
State four ways in which the government may promote local trade.
Date posted:
September 25, 2019
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Answers (1)
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Outline four advantages of a systematic arrangement of goods in a warehouse.
(Solved)
Outline four advantages of a systematic arrangement of goods in a warehouse.
Date posted:
September 25, 2019
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Answers (1)
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The following are some of the documents used in International trade; Proforma Invoice,Consular Invoice, Certificate of origin and Indent. Match each document with the Appropriate...
(Solved)
The following are some of the documents used in International trade; Proforma Invoice,Consular Invoice, Certificate of origin and Indent. Match each document with the Appropriate description in the table below.
Date posted:
September 25, 2019
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Answers (1)
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Give four reasons why it would be advisable to take an endowment policy instead of a whole life policy.
(Solved)
Give four reasons why it would be advisable to take an endowment policy instead of a whole life policy.
Date posted:
September 25, 2019
.
Answers (1)
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The diagram below shows equilibrium price and quantity.
Draw a new demand curve on the diagram above showing a decrease in demand and the effect on;
(i)equilibrium...
(Solved)
The diagram below shows equilibrium price and quantity.
Draw a new demand curve on the diagram above showing a decrease in demand and the effect on;
(i)equilibrium price
(ii)equilibrium quantity
(iii)equilibrium point
Date posted:
September 25, 2019
.
Answers (1)
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Give four reasons why discounts are granted.
(Solved)
Give four reasons why discounts are granted.
Date posted:
September 25, 2019
.
Answers (1)
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The following trial balance was extracted from the books of Rafiki traders as at 31st December 2018.
(Solved)
The following trial balance was extracted from the books of Rafiki traders as at 31st December 2018.
Required:
(i) Prepare Rafiki traders trading profit and loss account.
(ii) A balance sheet as at 31st December 2018.
Date posted:
September 25, 2019
.
Answers (1)
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By aid of a diagram, explain how price of a commodity is determined by the forces of demand and supply.
(Solved)
By aid of a diagram, explain how price of a commodity is determined by the forces of demand and supply.
Date posted:
September 25, 2019
.
Answers (1)
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On 1st May 2018, Sosiot traders had Sh.25,000 Cash in hand and Bank overdraft of sh 15,000. During the month the following transactions took place.
(Solved)
On 1st May 2018, Sosiot traders had Sh.25,000 Cash in hand and Bank overdraft of sh 15,000. During the month the following transactions took place.
2018
May 3: Kipkurui ,a debtor settled his account of sh 12000 by cheque of sh 10,000
May 5: Paid rent by cash sh. 5000
May 6: Deposited sh. 2000 into the business bank account from the cash till.
May 8: Received sh 6000 Cash from Kamau, a debtor
May 10: Wanjiku a debtor settled her account of 15,000 by cheque, having been
allowed 20% discount.
May 15: Purchased Furniture worth sh 3,000 paying by cheque
May 18: Deposited sh 7,000 into the bank from private sources.
May 23: Received the following amounts in cash from debtors having deducted
cash discount of 5%. Kertich sh 7600, Brian sh 4750
May 25: Banked all the available Cash except sh 1000
Required:
Prepare a dully balanced three column cash book.
Date posted:
September 25, 2019
.
Answers (1)
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The table below shows the Gross Domestic Product (GDP) of a country X in the year 2014 to 2018
(Solved)
The table below shows the Gross Domestic Product (GDP) of a country X in the year 2014 to 2018
a)Explain five factors that may have caused the above trend.
b) Explain five causes of demand pull inflation
Date posted:
September 25, 2019
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Answers (1)
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Explain five reasons for the popularity of using social media in product promotion.
(Solved)
Explain five reasons for the popularity of using social media in product promotion.
Date posted:
September 25, 2019
.
Answers (1)
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Explain five ways in which the demographic environment may positively influence business activities
(Solved)
Explain five ways in which the demographic environment may positively influence business activities
Date posted:
September 25, 2019
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Answers (1)