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Enter the following transactions in the relevant ledger accounts.
2011
July 1: Opening balances cash ksh 24,000, bank kshs 8000 (cr)
3: Paid rent kshs 4,000 in cash
4: Bought goods worth ksh 8,000 and paid by cheque
5: Deposited ksh. 5,000 from the business into the bank
Date posted:
October 4, 2019
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Record the following transaction in a two column cash book.
2012
Jan 1: Started business with capital of sh20,000 cash and sh 50,000 at bank.
2: Bought stock in cash sh 120,000
3: Cash sales sh 5,000
7: Bought stock worth sh 10,000 on credit.
12: Withdrew cash from bank for office use sh.8,000.
15: Paid rent by cheque shs 6000.
20: Received shs 4000 by cheque from a debtor.
Date posted:
October 4, 2019
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The following balance sheet relates to Uzuri traders
Required:
Calculate (i) Capital owned
(ii) Borrowed capital
(iii) Working capital
(iv) Capital employed
Date posted:
October 4, 2019
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Identify the terms given to each of the following statements.
a.Transport goods from producers to consumers
b.Activities carried out with a view of making profit.
c.A person who uses a good or service.
d.Increasing the usefulness of a good or services
Date posted:
October 4, 2019
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Discuss the factors that have contributed to declining population growth rate in some developing Countries.
Date posted:
October 4, 2019
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Highlight reasons why a business would adopt ethical practices while conducting its operations
Date posted:
October 4, 2019
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State ways in which a country will benefit from increased business activities
Date posted:
October 3, 2019
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Define dead –weight debt
Date posted:
October 3, 2019
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The following balances were obtained from the books of sunset traders as at 30th June, 2004
Calculate:
(a) Stock turnover rate.
(b) Return on capital
Date posted:
October 3, 2019
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State the effect of the following transactions on the balance sheet items
Date posted:
October 3, 2019
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State the expenses that are incurred in the process of distributing goods
Date posted:
October 3, 2019
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State reasons as to why firms work hard to grow
Date posted:
October 3, 2019
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Outline the measures that should be taken to ensure smooth functioning of the warehouse
Date posted:
October 3, 2019
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Highlight the causes of breakdown in communication
Date posted:
October 3, 2019
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List the benefits that a subsistence producer may get by participating in the exchange of goods
Date posted:
October 3, 2019
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State the importance of considering each of the following factors when making choices to satisfy human wants.
a) Scarcity
b) Opportunity cost
Date posted:
October 3, 2019
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State the objectives of a business
Date posted:
October 3, 2019
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Business studies are a wide subject that covers several disciplines. Outline those five disciplines.
Date posted:
October 1, 2019
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Fill in the blank spaces below.
Date posted:
October 1, 2019
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State the following abbreviations in full
(i)GDP
(ii)GNP
(iii)NDP
(iv)NNP
Date posted:
October 1, 2019
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Mention whether the following transactions have an increase, decrease or no effect on the assets, capital and liabilities of a business
Date posted:
October 1, 2019
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Kiburu carried out the following transactions during the month of February 2015.
February 1: Started business by depositing sh 220,000 in business bank account
7: Bought goods on credit from Miyogo Sh 72,000
8: Paid rent by cheque Sh 20,000
16: Sold goods to Kamula on credit Sh 50,000.
Required: Post the above transaction in the relevant ledge accounts
Date posted:
October 1, 2019
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The following information was extracted from the books of Dawida businesses enterprise for the year ended 30th June 2000
Determine the additional capital during the year.
Date posted:
October 1, 2019
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State four functions of retailers to consumers.
Date posted:
October 1, 2019
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Classify the following staff as subordinate, junior or management
Date posted:
October 1, 2019
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Using examples, distinguish between man-made resources and human resources.
Date posted:
October 1, 2019
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State whether each of the following factors fall under macro-environment or micro-environment.
(i) Competitive environment –
(ii) Legal-political environment –
(iii) Business structure –
(iv) Business culture –
Date posted:
October 1, 2019
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State the term given to each of the following statements:-
(a) Activities carried out with view of making profit –
(b) Increasing the usefulness of a good or services. –
(c) Movement of goods from producer to consumer
Date posted:
October 1, 2019
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Muinamo started a business on 1st March 2012 with a capital of 240,000 consisting of Sh. 130,00 in bank, Sh. 50,000 in cash and furniture worth Sh. 60,00. Transactions for the first week were as follows:
2012:
March 2nd purchased a typewriter by cheque Sh. 20,000
March 3rd bought delivery van for Sh. 450,000 from Mwangaza motors on Credit
March 4th Bought stock worth Sh. 15,000 for cash
March 5th Purchased goods worth Sh. 18,000 from Kinyua on credit
March 6th sold goods worth Sh. 30,000 on credit to Menge
March 7th paid 12,000 to Kinyua by Cheque
March 7th received Sh. 4,000 for rent by cheque
Required: Record the above information in the relevant ledger accounts and balance them off on 7th March 2012.
Date posted:
October 1, 2019
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Describe the following terms as used in accounting.
i) Assets
ii) Credit transactions.
iii) Networth of a Business.
iv) Ledger.
Date posted:
October 1, 2019