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Using a diagram, describe the effects of outward shift in supply curve on equilibrium price and quantity.
Date posted:
September 26, 2019
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Outline four distinctions between monopolistic competition and oligopoly.
Date posted:
September 26, 2019
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Name the office machines used to perform the following functions.
a)To fold documents, place them in the envelope and seal.
b)Used to transmit printed messages such as Letters ,maps diagrams and photographs
c)Reproducing documents from a master copy(stencil)
d)Printing postage impressions on the envelopes
Date posted:
September 26, 2019
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Classify the following accounts as either real or nominal.
a)Delivery van
b)Purchases
c)Insurance premium
d)Commission income
Date posted:
September 26, 2019
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Outline four features of demand deposit account.
Date posted:
September 26, 2019
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Tumetoka Mbali Traders maintains a petty cash book on imprest system with a float of kshs. 18,000. Reimbursement is usually made on the first day of the week. The following payments were made on the first week of June 2012
June 1st: Received Shs. 2,000 for reimbursement
3rd :Bought stamps for shs. 400
4th :Bought stationery for shs. 1,000
5th : Bought sugar for shs. 580 and paid postage shs. 850
6th : Bought tealeaves for shs. 500 and stationery for shs. 650
7th : Paid ostrich a creditor shs. 5,500
7th :Received cash for reimbursement
Required;
Prepare a petty cash book duly balanced using the following analysis columns, stationery, postage, travelling, staff tea, miscellaneous and ledger accounts.
Date posted:
September 26, 2019
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Highlight five reasons why a country would be reluctant to adopt free trade policy with her trading partners.
Date posted:
September 26, 2019
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Explain five benefits that may accrue to a firm as a result of operating on large scale.
Date posted:
September 26, 2019
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The following trial balance relates to Nthoi’s enterprise as at 31st December 2011
DR CR
Shs. Shs.
Drawings 60,000
Land + buildings 700,000
Cash in bank 115,000
Stock 1.1.2011 18,000
Purchases and Sales 500,000 1,000,000
Debtors and Creditors 46,000 92,000
Salaries and wages 85,000
Carriage inwards 9,000
Carriage outwards 12,000
Motor vehicles 400,000
Capital 909,000
Water and lighting 36,000
Insurance 40,000
Returns 0,000 50,000
2,051,000 2,051,000
Stock on 31st December 2011 was valued at kshs. 25,000.
Required; prepare Nthoi’s Trading Profit and Loss Account for the year ended 31st December 2011.
Date posted:
September 26, 2019
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State four factors that may positively affect the productivity of labour.
Date posted:
September 26, 2019
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Outline four limitations of the circular flow of income.
Date posted:
September 26, 2019
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The following entries were made in the two column cash of Dot-com traders. Explain each of the entries.
Date posted:
September 26, 2019
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Outline four ways in which horizontal communication may be used in a business organization.
Date posted:
September 26, 2019
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Recent data indicates that a large proportion of Kenya’s population comprises of the youth the ages of 10 to 20 years. State four benefits of this to the country.
Date posted:
September 26, 2019
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Highlight four reasons why all motor vehicles are required to have insurance cover.
Date posted:
September 26, 2019
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Redraft the following balance sheet correcting any mistakes.
Date posted:
September 26, 2019
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On 1st June 2009, MULI ENTERPRISES had cash in hand sh. 87,000 and cash at bank
sh. 250,000.During the month, the following transactions took place.
June 2, Sales (cash) sh. 50,000
June 3, Paid salaries sh.101, 500 by cheque.
June 6, Received a cheque for sh. 76,800 from Mwelu after allowing her a cash discount of 4%.
June 12, Bought office furniture by cheque sh. 85,000
June 16, Settled Musau’s account of sh. 40,000 in cash, having deducted shs 800 cash discount.
June 18, Received a cheque for shs 150,000 in respect of cash sales.
June 21, Paid wages shs 24,000 in cash.
June 22, Withdrew shs 30,000 from bank for office use.
June 25, Withdrew shs 5000 cash for private use.
June 28, Received shs 16500 cash from Kasiva in settlement of her account less shs 660 cash discount.
June 30, Deposited all the money into bank except shs 25,000
Prepare a three column cash book and balance it off.
Date posted:
September 26, 2019
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Savings and credit cooperatives have been registering an increasing number of members. Explain five reasons for such a development.
Date posted:
September 26, 2019
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During a trader’s workshop, a speaker presented a speech on ethical issues in business. Highlight some ethical issues that he may have raised, affecting business.
Date posted:
September 26, 2019
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Explain five ways in which the central bank regulates the operations of commercial banks in Kenya.
Date posted:
September 26, 2019
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Outline four ways in which a warehouse is of importance to a manufacturer.
Date posted:
September 26, 2019
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Give four reasons why electric trains are uncommon in Africa yet it is the common trend in other continents.
Date posted:
September 26, 2019
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The trial balance below relates to Mutua wholesalers and was wrongly prepared. Prepare a correct one.
Date posted:
September 26, 2019
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Highlight four reasons why a firm may be located close to other firms.
Date posted:
September 26, 2019
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Outline four functions of retailers which benefit the consumers.
Date posted:
September 26, 2019
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Give four reasons why a country may find it necessary to raise import duties.
Date posted:
September 26, 2019
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A wholesaler who buys goods from the producers incurs expenses. Outline four such expenses.
Date posted:
September 26, 2019
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Highlight four ways commercial banks have contributed to the rural development in Kenya.
Date posted:
September 26, 2019
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Explain five services that are offered by commercial banks to their customers.
Date posted:
September 26, 2019
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On 1st January 2012 Manga traders had 180,000 cash in hand and a bank credit balance of Shs.57,500. During the month the following transactions took place.
3rd Jan:Cash sales Shs. 2,800
4th Jan:A debtor settled his accent of sh. 90,00 by cheque
10th Jan:Paid Salaries shs. 40,000 in cash.
12th Jan:Took cash sh. 35,000 to settle on personal debt.
23rd Jan:Received a cheque shs. 8460 from Ouru distribution after deducting 6% cash discount.
24th Jan: Deposits shs. 10000 in the bank from office cash.
25th Jan: Purchased stock worth shs.8950 on credit from Ngumo distributors
26th Jan: Cash sales banked directly shs.38000
27th Jan: A cheque received on 4th from a debtors was dishonored. The bank charged him 2500.
29th Jan: Settled creditors account shs. 6000 b cheque less 3% cash discount.
31st Jan: Bank all cash except shs.40,000
Required:Prepared a three column cash book duly balanced
Date posted:
September 26, 2019