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The following information relates to Zawadi Savings and Credit Co-operation Society Ltd. for the year ended 31 December 2009:
Date posted:
February 25, 2019
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Bamba Limited was in Kenya in the year 2008. The company later transferred its head office to Uganda but retained a subsidiary company, Bao Limited in Kenya.
The following statement of comprehensive income for the year ended 31 December 2010 was provided by the management of Bamba Limited and Bao Limited
Required:
i) A columnar statement of taxable income for Bamba limited and Bao Limited for the year ended 31 December 2010
ii) Tax payable (if any) by Bamba Limited and Bao Limited from the income computed in (i) above
Date posted:
February 25, 2019
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Moto General Insurance Company Ltd, provided the following detail's/with respect to the financial year ended December 2010
Date posted:
February 25, 2019
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Ujenzi Contractors is a firm engaged in the property development business. During the year ended 31 December 2011, the firm secured three construction contracts namely; X, Y and Z. The firm computes taxable income from the contracts on the basis of the percentage of completion method.
The information relating to the three contracts is as follows:
Date posted:
February 25, 2019
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Bima Insurance Company Limited provided the following information for the year ended 31 December 2011.
Date posted:
February 25, 2019
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Peter and Kilaka are in a small partnership business trading as Peki Enterprises and sharing profits and losses in ratio of 3:2 respectively. The following details relate to the business for the year ended 31 December 2011.
Date posted:
February 25, 2019
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You have been engaged as a tax consultant by Mavuno Bank Ltd. The bank has provided the following details in respect of its operations and balances for the year ended 31 December 2011
Required;-
i) A statement of adjusted taxable profit or loss for the year ended 31 December 2011.
ii) Tax liability of the bank, if any.
iii) Identify any further details that you might require from the bank's management in order to determine the accuracy of your computations in (i) and (ii) above.
Date posted:
February 25, 2019
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Samuel and Velom have been operating Savel Enterprises, a partnership business from January 2010 sharing profits and losses equally. The following was the firm's income statement for the year ended 31 December 2011:
Income statement for Savel Entreprises for the year ended 31 December 2011.
Required:
i) Savel Enterprises' taxable profit or loss for the six-month period ended 30 June 2011.
ii) Allocation of the profit or loss in (i) above to the partners.
iii) Savel Ltd.'s taxable profit or loss for the six-month period ended 3 I December 2011
Date posted:
February 25, 2019
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Eleza matumizi ya vipengele vya ushairi katika tamthilia ya Kigogo
Date posted:
February 24, 2019
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Explain the following input/output terms as used in computer systems. Give an example
(i) Read
(ii) Write
Date posted:
February 23, 2019
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An electric kettle with a shiny outer surface would be more efficient than one with a dull outer surface. Explain
Date posted:
February 23, 2019
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How many images would be seen from two mirrors when reflecting surfaces make an angle of 60 degree with each other?
Date posted:
February 23, 2019
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Give five reasons why children disobey the 5th commandment "Obey your parents".
Date posted:
February 23, 2019
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On 1st November 2013:Tabagon Co. Ltd. had a balance of shs. 12,000 at the bank and shs. 2500 in hand. During the month, the following transaction took place;
Nov. 1 Cash sales Shs. 2500, cash purchase Shs. 1750
Nov. 3 Paid the following accounts by cheque.
Kirop Shs. 1500 less 5% cash discount
Kirui Shs. 2000 less 5% cash discount
Nasimiyu shs. 2100 less 3 % cash discount
Nov. 5 Received the following amounts from debtors,
Ondiek shs. 1200,
58
Jane shs. 3850 and Mueni by cheque shs. 2050 after allowing
her shs. 300 cash discount.
Nov. 14 Paid office cash to the bank shs. 2000
Nov. 17 Cash sales 8500
Nov. 22 Mueni paid her account of shs. 5000 by cheque less 10% cash discount
Nov. 28 Withdrew all the money from the bank for office use except shs. 1000
Nov. 29 Paid salary cash shs. 8000
Nov. 30 A cheque received from Mueni on Nov. 5th was dishonoured.
Prepare Tobago Co. Ltd. three column cash book.
Date posted:
February 23, 2019
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The following were the balances of Kiboko Traders as at 1st January 2009. Cash Sh.40, 000, bank overdraft Sh.17, 000. During the month the following transactions took place.
January 2nd: Mutes a debtor settled his account of Sh.32, 000 by cheque of Sh.30, 000
4th : Paid salaries amounting to Sh.16,000 by cash.
10th: Deposited Sh.12, 000 into the business bank account from the cash till.
14th: Settled Wayua’s account of Sh.40, 000 and she was allowed a discount of 1% through a cheque.
16th: Deposited Sh.56, 000 in the bank from private resources.
17th: Sold goods for cash Sh.24,000.
20th: Mutua, a debtor, settled his account by a cheque of Sh.16, 000 having been allowed a discount of 2%.
24th: Purchased furniture Sh.10, 400 paying by cheque.
26th: Received Sh.7, 200 cash from Odhiambo.
30th: Banked all the available cash except Sh.3200.
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Required: Prepare a three column cash for Kubuka Traders.
Date posted:
February 23, 2019
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List the uses of two column cash book.
Date posted:
February 23, 2019
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Define a trial balance.
Date posted:
February 23, 2019
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Eleza hatua tano zinazofuatwa na mkusanyaji wa data ya fasihi simulizi.
Date posted:
February 23, 2019
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Summarise the principal contents of a statement of directors‘ responsibilities to be included in financial statements
Date posted:
February 23, 2019
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Outline the audit procedures an audit firm should follow in the verification of a manufacturing company‘s liabilities.
Date posted:
February 23, 2019
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Highlight the possible defences available to an auditor in a court of law who has been sued for failure to detect fraud in client‘s company
Date posted:
February 23, 2019
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Explain the ways in which an auditor can minimize his potential liability for professional negligence
Date posted:
February 23, 2019
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Outline factors to consider when teaching locomotor skills.
Date posted:
February 23, 2019
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Mofimu ni nini?
Date posted:
February 23, 2019
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What is health and nutrition?
Date posted:
February 22, 2019
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Swali la marudio kwa Kidato cha nne.
Date posted:
February 22, 2019
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Outline the procedures an external auditor should follow if he suspects that fraud; or error have been perpetrated
Date posted:
February 22, 2019
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Outline the respective responsibilities of an entity‘s management and the external auditor with respect to the prevention and detection of fraud and error
Date posted:
February 22, 2019
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Explain five circumstances under which an auditor can disclose information to an appropriate authority without client‘s permission.....
Date posted:
February 22, 2019
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Briefly explain the methods which an auditor might use to ascertain a client‘s internal control system.
Date posted:
February 22, 2019