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Enter the following transactions in the relevant ledger accounts.
2011
July 1: Opening balances cash ksh 24,000, bank kshs 8000 (cr)
3: Paid...
(Solved)
Enter the following transactions in the relevant ledger accounts.
2011
July 1: Opening balances cash ksh 24,000, bank kshs 8000 (cr)
3: Paid rent kshs 4,000 in cash
4: Bought goods worth ksh 8,000 and paid by cheque
5: Deposited ksh. 5,000 from the business into the bank
Date posted:
October 4, 2019
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Answers (1)
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Record the following transaction in a two column cash book.
2012
Jan 1: Started business with capital of sh20,000 cash and sh 50,000 at bank.
...
(Solved)
Record the following transaction in a two column cash book.
2012
Jan 1: Started business with capital of sh20,000 cash and sh 50,000 at bank.
2: Bought stock in cash sh 120,000
3: Cash sales sh 5,000
7: Bought stock worth sh 10,000 on credit.
12: Withdrew cash from bank for office use sh.8,000.
15: Paid rent by cheque shs 6000.
20: Received shs 4000 by cheque from a debtor.
Date posted:
October 4, 2019
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Answers (1)
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The following balance sheet relates to Uzuri traders
Required:
Calculate (i) Capital owned
(ii) Borrowed capital
(iii) Working capital
(iv) Capital employed
(Solved)
The following balance sheet relates to Uzuri traders
Required:
Calculate (i) Capital owned
(ii) Borrowed capital
(iii) Working capital
(iv) Capital employed
Date posted:
October 4, 2019
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Answers (1)
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Identify the terms given to each of the following statements.
a.Transport goods from producers to consumers
b.Activities carried out with a view of making profit.
c.A person...
(Solved)
Identify the terms given to each of the following statements.
a.Transport goods from producers to consumers
b.Activities carried out with a view of making profit.
c.A person who uses a good or service.
d.Increasing the usefulness of a good or services
Date posted:
October 4, 2019
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Answers (1)
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Discuss the factors that have contributed to declining population growth rate in some developing Countries.
(Solved)
Discuss the factors that have contributed to declining population growth rate in some developing Countries.
Date posted:
October 4, 2019
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Answers (1)
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Highlight reasons why a business would adopt ethical practices while conducting its operations
(Solved)
Highlight reasons why a business would adopt ethical practices while conducting its operations
Date posted:
October 4, 2019
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Answers (1)
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State ways in which a country will benefit from increased business activities
(Solved)
State ways in which a country will benefit from increased business activities
Date posted:
October 3, 2019
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Answers (1)
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Define dead –weight debt
(Solved)
Define dead –weight debt
Date posted:
October 3, 2019
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Answers (1)
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The following balances were obtained from the books of sunset traders as at 30th June, 2004
(Solved)
The following balances were obtained from the books of sunset traders as at 30th June, 2004
Calculate:
(a) Stock turnover rate.
(b) Return on capital
Date posted:
October 3, 2019
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Answers (1)
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State the effect of the following transactions on the balance sheet items
(Solved)
State the effect of the following transactions on the balance sheet items
Date posted:
October 3, 2019
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Answers (1)
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State the expenses that are incurred in the process of distributing goods
(Solved)
State the expenses that are incurred in the process of distributing goods
Date posted:
October 3, 2019
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Answers (1)
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State reasons as to why firms work hard to grow
(Solved)
State reasons as to why firms work hard to grow
Date posted:
October 3, 2019
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Answers (1)
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Outline the measures that should be taken to ensure smooth functioning of the warehouse
(Solved)
Outline the measures that should be taken to ensure smooth functioning of the warehouse
Date posted:
October 3, 2019
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Answers (1)
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Highlight the causes of breakdown in communication
(Solved)
Highlight the causes of breakdown in communication
Date posted:
October 3, 2019
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Answers (1)
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List the benefits that a subsistence producer may get by participating in the exchange of goods
(Solved)
List the benefits that a subsistence producer may get by participating in the exchange of goods
Date posted:
October 3, 2019
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Answers (1)
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State the importance of considering each of the following factors when making choices to satisfy human wants.
(Solved)
State the importance of considering each of the following factors when making choices to satisfy human wants.
a) Scarcity
b) Opportunity cost
Date posted:
October 3, 2019
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Answers (1)
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State the objectives of a business
(Solved)
State the objectives of a business
Date posted:
October 3, 2019
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Answers (1)
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Business studies are a wide subject that covers several disciplines. Outline those five disciplines.
(Solved)
Business studies are a wide subject that covers several disciplines. Outline those five disciplines.
Date posted:
October 1, 2019
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Answers (1)
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Fill in the blank spaces below.
(Solved)
Fill in the blank spaces below.
Date posted:
October 1, 2019
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Answers (1)
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State the following abbreviations in full
(i)GDP
(ii)GNP
(iii)NDP
(iv)NNP
(Solved)
State the following abbreviations in full
(i)GDP
(ii)GNP
(iii)NDP
(iv)NNP
Date posted:
October 1, 2019
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Answers (1)