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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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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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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 challenges that may face a business unit that does not file its documents.
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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Identify four differences between a supermarket and hypermarket.
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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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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The use of motor cycles transport is becoming very popular in both rural and urban areas of Kenya. Explain the limitation a business that relies on its use is likely to encounter.
Date posted:
September 25, 2019
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State four ways in which the government may promote local trade.
Date posted:
September 25, 2019
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Outline four advantages of a systematic arrangement of goods in a warehouse.
Date posted:
September 25, 2019
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Give four reasons why discounts are granted.
Date posted:
September 25, 2019
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The following trial balance was extracted from the books of Rafiki traders as at 31st December 2018.
Required:
(i) Prepare Rafiki traders trading profit and loss account.
(ii) A balance sheet as at 31st December 2018.
Date posted:
September 25, 2019
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By aid of a diagram, explain how price of a commodity is determined by the forces of demand and supply.
Date posted:
September 25, 2019
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On 1st May 2018, Sosiot traders had Sh.25,000 Cash in hand and Bank overdraft of sh 15,000. During the month the following transactions took place.
2018
May 3: Kipkurui ,a debtor settled his account of sh 12000 by cheque of sh 10,000
May 5: Paid rent by cash sh. 5000
May 6: Deposited sh. 2000 into the business bank account from the cash till.
May 8: Received sh 6000 Cash from Kamau, a debtor
May 10: Wanjiku a debtor settled her account of 15,000 by cheque, having been
allowed 20% discount.
May 15: Purchased Furniture worth sh 3,000 paying by cheque
May 18: Deposited sh 7,000 into the bank from private sources.
May 23: Received the following amounts in cash from debtors having deducted
cash discount of 5%. Kertich sh 7600, Brian sh 4750
May 25: Banked all the available Cash except sh 1000
Required:
Prepare a dully balanced three column cash book.
Date posted:
September 25, 2019
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Explain five reasons for the popularity of using social media in product promotion.
Date posted:
September 25, 2019
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Explain five ways in which the demographic environment may positively influence business activities
Date posted:
September 25, 2019
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John and Peter bought a Nissan matatu worth sh. 3,000,000. John paid sh. 2,000,000 and Peter sh. 1,000,000. They insured the matatu for a comprehensive cover for shs 2,500,000. Later the matatu was involved in an accident to a loss of sh 1,500,000. How much were they compensated and give reasons in support of your answer?
Date posted:
September 25, 2019
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Record the following transactions in the relevant journals.
2019
Feb 2: Bought goods on Credit worth shs6500 from Eldolink suppliers
Feb 8: Sold goods worth shs5000 on credit to Jamal.
Feb 12: Sold stock valued at shs8500 on credit to Musyoka
Feb 16: Bought goods worth shs3000 on credit from Jetlink traders
Date posted:
September 25, 2019
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On 1st January 2012, Mlachake traders had cash in hand Ksh. 10,000 and cash at bank shs 15000. The following transactions took place during the month:
Jan 2: Bought goods in cash sh. 1500
Jan 4: Paid salaries by cash sh 7500.
Jan 5: Received cheques from the following debtors after allowing 2% discount in each case. Masy sh 980, kiplimo sh .1960.
Jan 8: Settled the following accounts by cheque in each case deducting 5 % discount; Juma sh 3000, Kasani shs 1200.
Jan 12: Bought machinery worth sh 7000, paid sh 5000 by cheque and the balance to be paid later
Jan 20: Took sh 1000 for personal use from the business cash till.
Jan 25: Cash sales sh 2000
Jan 26: Received cash shs.3000 from Kioko, a Debtor.
Jan 28: Brought in Sh 2000 cash from his personal savings.
Jan 29: Banked all cash except sh. 1000
Required: Prepare a fuly balanced three column cashbook.
Date posted:
September 25, 2019
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Explain four ways in which central bank of Kenya may reduce the supply of money in the country.
Date posted:
September 25, 2019
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Balance the following ledger accounts and extract a trial balance as at 30th June 2015
Date posted:
September 25, 2019
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Explain five factors that influence the amount of money held by an individual for transaction motive.
Date posted:
September 25, 2019
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Highlight four reasons why the government may decide to reduce her shareholding in public corporations to a level below 50%.
Date posted:
September 25, 2019
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State four reasons why parastatals have generally performed poorly in Kenya.
Date posted:
September 25, 2019
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Outline four examples of open trade credit used in home trade.
Date posted:
September 25, 2019
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In the absence of a written partnership agreement, the provisions of the Partnership Act will apply. State four such provisions.
Date posted:
September 25, 2019