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Open the relevant ledger accounts using the following information.
1/2/2011 Started business with Kshs 10,000 in cash and Ksh 50,000 at bank.
2/2/2011 Bough goods on credit from Lk traders worth Kshs 5,000.
4/2/2011 Withdrew from the bank Kshs 2000 for office use.
Date posted:
September 26, 2019
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Outline four challenges being faced by Kenya in the crucial stage of implementing the vision 2030.
Date posted:
September 26, 2019
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The following information belongs to XYZ traders for as at 31.12.2010
Shs
Rent 5,000
Debtors 20,000
Drawings 10,000
Stock 80,000
Cash in hand 15,000
Creditors 25,000
Cash at bank 50,000
Calculate capital and prepare the trial balances of XYZ traders as at 31.12.2010
Date posted:
September 26, 2019
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Highlight four circumstances under which a business person may decide to build his own warehouse instead of using a public warehouse.
Date posted:
September 26, 2019
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State circumstances under which the following services may be offered by the post officer in enhancing communication.
i)Poste restante
ii)Registered mail
iii)Speed post
iv)Business reply services
Date posted:
September 26, 2019
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Highlight four reasons why Kenya needs to encourage the use of pipeline transport
Date posted:
September 26, 2019
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The following trial balance was extracted from the books of Baite Traders on 31st August. 2009.
Additional information;
Stock on 31st August. 2009 was valued at sh 50,000. Required; Prepare Trading profit and loss account for the year ended 31st August. 2009.
Date posted:
September 26, 2019
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Prepare a three column cash book from the following information for the month of May 2004 and balance it off.
May 1 Balances b/d cash sh 50,000, Bank sh 180,000
May 1 Cash sales sh 3,000
May 2 Paid the following creditors by cheque, N Mwangi sh 1,500, J .Mwaniki sh 16,000, N Mugo sh 1,200 after deducting 10% cash discount in each case.
May 3 Received cheques from the following debtors after deducting 5% discount in each case E. Githinji sh 24,000, D.Nyamu sh 9,000, E. Mutua sh 1,400.
May 5 Paid for repairs in cash sh 16,000
May 10 Paid Juma in cash sh9,500
May 15 Banked sh 6,000 from the cash till
May 15 Received cash from P. Kavuniki sh 13,500 in full settlement of his account of sh 15,000.
Date posted:
September 26, 2019
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Highlight four benefits of having business enterprises located in one area.
Date posted:
September 26, 2019
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Give four reasons why supermarkets attract many customers.
Date posted:
September 26, 2019
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Give four challenges that may face a business unit that does not file its documents.
Date posted:
September 26, 2019
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In the spaces provided, indicate the accounts to be debited and credited for each of the given transactions.
Date posted:
September 26, 2019
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Highlight four reasons why interest is charged on borrowed capital.
Date posted:
September 26, 2019
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Kamwaru private company recently joined the Nairobi stock Exchange. Describe five benefits of such a decision
Date posted:
September 26, 2019
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The following trial balance belongs to Kipevu trades as at 30th June, 2004.
REQUIRED
(i)Prepare a trading profit and loss account
(ii)Prepare a balance sheet as at 30th June 2004
Date posted:
September 26, 2019
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Karemi owns a bakery in Kitale town. Explain five ways why he carried out division of labour
in the process of baking bread in his factory.
Date posted:
September 26, 2019
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Tango limited wishes to promotes its products through advertising. Mention any four ethical issues it must consider before engaging in advertising.
Date posted:
September 25, 2019
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Highlight four reasons why a development plan is important to a country.
Date posted:
September 25, 2019
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Identify four differences between a supermarket and hypermarket.
Date posted:
September 25, 2019
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For each of the following cases, identify the motives for holding money
a) To meet daily transport expenses
b) To meet any unforeseen circumstances
c) To take advantage of fall in share prices
d) To pay for any food requirements
Date posted:
September 25, 2019
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Outline four circumstances under which a trader would use porters to transport goods.
Date posted:
September 25, 2019
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Outline four circumstances under which a country may engage in trade restriction.
Date posted:
September 25, 2019
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Kenya has been hard hit by H.e.p shortages in the recent past. State four alternative energy sources which should be promoted to meet the following demand.
Date posted:
September 25, 2019
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On 1.1.09 the cash book of Kimende traders Cash and Bank balances of sh.3,500 and sh.20,000 respectively. The following transactions took place in the month.
-Jan 6,Cash sales sh.12,500
-15,Receives a cheque of sh.45,000 from a debtor after deducting a 10% discount.
-31,Paid a creditor sh.28,500 after deducting 5%discount
-31,Banked all cash leaving a balance of sh.100 in the cash till
-Prepare a three column cash book.
Date posted:
September 25, 2019
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Outline four measures which the government can take to encourage location of firms in an area.
Date posted:
September 25, 2019
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Ukweli enterprises has a working capital of sh.200,000 and a current ratio of 3:1.Calculate
(i)Current assets
(ii)Current liabilities
Date posted:
September 25, 2019
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Mention five reasons why M-Pesa is becoming a very popular means of payment in Kenya.
Date posted:
September 25, 2019
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Identify four circumstances under which communication may be in effective .
Date posted:
September 25, 2019
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Highlight four reasons why a country would like to know the structure of it’s population.
Date posted:
September 25, 2019
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Yator and Korir have been trading partners. Yator decided to breakaway from the partnership and commence his own business. State four benefits that he will derive from the undertaking.
Date posted:
September 25, 2019