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On 1st April, 2012 Katunge received an invoice for Kshs. 30,000. Terms of payment were:
Trade discount 5% and cash discount 10%. If payment is made within 30 days.
Determine the amount paid if payment was made on 26th April 2012.
Date posted:
April 1, 2019
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Outline four demerits of modern communication technology.
Date posted:
April 1, 2019
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Explain four external economies of scale that an industry may experience.
Date posted:
April 1, 2019
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Explain five reasons why a producer would prefer to use radio than newspapers to advertise
his products.
Date posted:
April 1, 2019
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Masai traders maintains a petty cash imprest of sh 12,000 per week. On 31st March 2005,
they had a balance of sh 2130 in hand and was given cash to restore the imprest.
The following transactions took place during the first week of April 2005.
2005
April 2 - Bought stamps for sh 150 and paid wages sh 1000
3 - Bought 5 reams of duplicating paper at sh 230 each
4 - Paid taxi fare sh 500
5 - Paid wages sh 1000 and bought envelopes for sh 200
6 - Bought coffee for staff sh 300 and paid a water bill sh 550
7 - Paid for office machine repairs sh 200 and bought stamps sh 150.
Required:
Prepare a petty cashbook using the following analysis columns:-
Wages, Travelling, Stationery, Postage and Miscellaneous.
Date posted:
April 1, 2019
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Outline five reasons why the Kenya government is encouraging new investors to
locate firms in all parts of the country.
Date posted:
April 1, 2019
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State four measures a country can adopt to control imports.
Date posted:
April 1, 2019
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Highlight four disadvantages of a public company.
Date posted:
April 1, 2019
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State four activities that may trigger inflation in a country.
Date posted:
April 1, 2019
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Distinguish in four ways direct taxation from indirect taxation.
Date posted:
April 1, 2019
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Highlight four factors to be considered in determining the sum insured in the life insurance.
Date posted:
April 1, 2019
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State four disadvantages of hire purchase to the buyer.
Date posted:
April 1, 2019
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List four disadvantages of under population
Date posted:
April 1, 2019
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Prepare a corrected balance sheet from the following
Date posted:
April 1, 2019
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State four disadvantages of using cheques as a means of payment
Date posted:
April 1, 2019
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Distinguish in four ways the Jua kali sector from the manufacturing sector.
Date posted:
April 1, 2019
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Highlight four factors that are causing many firms to collapse
Date posted:
April 1, 2019
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State why you will advice an office manager to use an open office layout instead of an enclosed office layout
Date posted:
March 29, 2019
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State ways in which landscape office layout can be created
Date posted:
March 29, 2019
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State and explain the main reasons why businesses exists.
Date posted:
March 29, 2019
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Highlight four methods that are used by monopolistic firms to differentiate its products.
Date posted:
March 28, 2019
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Explain the term credit creation as practised by commercial banks.
Date posted:
March 28, 2019
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Define the term central bank
Date posted:
March 28, 2019
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Outline the advantages of running a fixed deposit account to an account holder
Date posted:
March 28, 2019
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Highlight the factors that influence the supply of money in circulation.
Date posted:
March 28, 2019
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Outline the adverse effects of high taxation
Date posted:
March 28, 2019
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Ayub's capital at the beginning of the trading period was sh.300000. During the year he invested additional capital of sh.26000 in form of cash. He also took sh.40000 in cash and stock valued at sh.25000 from the business for his personal use
Determine Ayub's capital at the end of the trading period
Date posted:
March 28, 2019
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The following transactions relates to Tajira Traders for the month of January 2001
Jan 1 started business with Kshs. 20,000 in cash
Deposited 15,000 from cash till into a business Bank account
Bought goods on credit from Wema traders for 6,000
Bought furniture by cheque sh 3,000
Prepare a balance sheet as at 31st January 2001
Date posted:
March 27, 2019
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The following balances were obtained from the books of Rah traders
Opening stock 50,000
Sales 360,000
Gross profit 25% of sales
Closing stock 70,000
Calculate
a) Cost of goods
b) Rate of stock turnover
Date posted:
March 27, 2019
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State four uses of balance sheet for business organizations.
Date posted:
March 27, 2019