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The following balance sheet belongs to Nyakwar Atiyo during the period ended 30th June 2000.
The following transactions took place on July 1 2000.
(i) Paid creditors Sh 2000 by cheque.
(ii) Nyakwar Atiyo took stock worth Shs 7500 from the business for his son‘s birthday.
(iii) Motor vehicle previously owned by Nyakwar Atiyo values at sh 200,000 was converted into business vehicles.
Required: Prepare the balance sheet of Nyakwar Atiyo traders as at 2nd July 2000.
Date posted:
September 2, 2019
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Outline four services offered in agency banking as a trend in the banking sector.
Date posted:
September 2, 2019
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Outline four role of the mass media in promoting consumer protection
Date posted:
September 2, 2019
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Highlight four problems associated with monopoly market structure.
Date posted:
September 2, 2019
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State four reasons why diagonal communication needs to be encouraged in an organization.
Date posted:
September 2, 2019
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The following trial balance was extracted from the books of Lule Traders on 30th April 2015
Stock as at 30.4.2015 Shs. 49,980
Required:
a) Trading, profit and Loss account for the year ended 30th April 2015
b) Balance sheet as at 30th April 2015
Date posted:
September 2, 2019
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Explain four reasons why upward communication should be encouraged in an organization.
Date posted:
September 2, 2019
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Bartenge Enterprises started business on 1st May 2014 with Shs. 250,000 consisting of:
Cash at bank Shs.200, 000, Cash in Hand Shs. 30,000 and Furniture Shs. 20,000.
The following transactions took place during the month of May.
3rd May 2014, Motor Van worth Shs. 85,000 and stock of Shs. 25,000 were bought on credit
6th May 2014, more stock worth shs.10,000 was bought by cash
9th May 2014, withdrew money from bank sh 50,000 for office use
15th May 2014, Sold stock at cost to a customer on credit for shs. 18,500
19th May 2014, received a cheque for the full settlement of a debt owed from the transaction of 15th may 2014
23rd May 2014, paid Shs. 65,000 by cheque for the motor van bought earlier on credit
31st May 2014, paid Shs. 20,000 cash for the stock bought on credit
Required:
Prepare the balance sheet of Bartenge Holdings as at 31st May 2014.
Date posted:
September 2, 2019
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Unemployment solving has been an agenda to most developing economies. Identify the type of unemployment being solved below.
(i) Government initiating irrigation projects to ensure continuous production of food
(ii) Retraining teachers to embrace use of technology in teaching and learning
(iii) Government and private sectors inventing job advertisement sites for easy access by job seekers
(iv) Parliament passing legislation that accommodate the disabled people to acquire jobs
Date posted:
September 2, 2019
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Identify the level of occupation described by each of the following information.
Date posted:
September 2, 2019
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Give the name of the insurance policy described in the following table
Date posted:
September 2, 2019
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The following transactions relate to the books of kilimo holdings. Record them in the relevant ledger accounts.
(i) 1st January 2015, took a loan with ICDC of kshs. 50,000 receiving by cheque.
(ii) 5th January 2015, kelunyo, a debtor paid his account of kshs. 40,000 in cash.
(iii) 10th January 2015, took money from bank, kshs. 50,000 for office use
(iv) 12th January 2015, bought furniture kshs. 35,500 in cash
Date posted:
September 2, 2019
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List three withdrawals in the circular flow of income.
Date posted:
September 2, 2019
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The National Transport Safety Authority (NTSA) is a department within the transport sector in Kenya. Highlight four benefits Kenyans enjoy due to the establishment of NTSA
Date posted:
September 2, 2019
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The following transactions relate to the books of Amina traders as at 31st December 2015.
Gross profit ......................................................................... 20,000
Commission allowed .............................................................................. 200
Carriage on sales ............................................................................ 4,000
Discount received ............................................................................ 8,000
Salaries ...................................................................................... 6,000
Rent .......................................................................................... 2,000
Discount received .............................................................................. 400
Commission received ............................................................................. 1,500
Interest on bank loan .............................................................................. 500
Prepare Amina‘s profit and loss account for the period ended 31st December, 2015.
Date posted:
September 2, 2019
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For each of the following transactions, indicate the effect of each transaction on the balance sheet items as either increase, decrease or no change.
Date posted:
September 2, 2019
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Highlight four ways that may be used by a monopoly to differentiate a product market
Date posted:
September 2, 2019
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Outline four ways the economic environment influence business activities
Date posted:
September 2, 2019
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For each of the following statements, give the type of unemployment described.
Date posted:
September 2, 2019
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Show the effect of each of the following transactions to capital, liabilities and assets indicating whether it is an increase (+) a decrease (-) or a nil (0) .
Date posted:
September 2, 2019
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The table below contains descriptions relating to some type of warehouse. In the space provided, write the type of warehouse to which each description refers.
Date posted:
September 2, 2019
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In the spaces provided below, state the document to which each of the following statement relate.
Date posted:
September 2, 2019
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State the book of original entry used in recording each of the following transaction of Mrembo Traders.
Date posted:
September 2, 2019
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Study the ledger accounts given below and write out the transactions that took place affecting the business of Huruma Ltd in January 2008.
Date posted:
September 2, 2019
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The following balances were extracted from Mwangaza traders books of accounts.
Shs.
Opening stock 25,000
Closing stock 35,000
Purchases 190,000
Mark - up 20%
Calculate:
i) Cost of sales
ii) Gross profit
iii) Sales
iv) Rate of stock turnover (ROSTO)
Date posted:
September 2, 2019
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Explain five reasons that contribute to low tax revenue by the government through Kenya RevenueAuthority.
Date posted:
September 2, 2019
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The following balances relate to Maendeleo Electrical Enterprise as at 31st December, 2014.
Sh.
Machinery 1,240,000
Stock 190,000
Debtors 150,000
Motor vehicle 1,100,000
Cash- in- hand 150,000
Creditors 270,000
Bank overdraft 130,000
10 year bank loan 1,200,000
Capital 1,660,000
Drawings 750,000
Net profit 320,000
Required:
Prepare a balance sheet as at 31st December, 2014 clearly showing:
i) Net capital
ii) Total current liabilities
iii) Total current assets
Date posted:
September 2, 2019
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Explain five factors that may influence the choice of distribution channel for milk.
Date posted:
September 2, 2019
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Factors to consider before you locate an office
Date posted:
September 2, 2019
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Explain five benefits that may accrue to Kenya as a result of joining the East Africa community.
Date posted:
August 20, 2019