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Borabu Masaba District Mock-Bussiness Studies Paper 2 Question Paper

Borabu Masaba District Mock-Bussiness Studies Paper 2

Course:Secondary Level

Exam Year:2012

NAME:……………………………………………………… INDEX NO:…………………………
SCHOOL:………………………………………………….. DATE:……………………………….
SIGN:………………………………..

565/2
BUSINESS STUDIES
PAPER 2
JULY/AUGUST - 2012
TIME: 2 ½ HOURS

BORABU-MASABA DISTRICTS JOINT EVALUATION TEST– 2012
Kenya Certificate of Secondary Education (K.C.S.E)

565/2
BUSINESS STUDIES
PAPER 2
JULY/AUGUST - 2012
TIME: 2 ½ HOURS

INSTRUCTION TO CANDIDATES
- This paper consists of six questions
- Answer any five questions
- Write your answers in the answer booklet provided.
- All questions carry equal marks

1. (a) Explain five problems that a country may experience from imposing trade restrictions.
(10mks)
(b) Explain five ways of improving efficiency of a warehouse. (10mks)
2. (a) Discuss five methods central bank of Kenya may employ to reduce excess supply of
money. (10mks)
(b) Write the following information in the appropriate books of original entry and post the
transactions to the ledger accounts. (10mks)
2010
April 1: Received an invoice from KK suppliers for sh 40,000, Onchoke traders sh8000.
April 2: Received a credit note from K.K suppliers sh 1000, Onchoke traders sh 1500.
April 3: Issued invoice to Onyango traders worth sh 50,000, Moturi traders sh 30,000.
April 4: Issued credit note to Moturi traders sh. 3000.
April 5: Received an invoice from Omari enterprise sh 36,000,KK suppliers sh 15,000.

3. (a) Explain five roles of stock exchange market in economic development of the country.
(10mks)
(b) Discuss five problems of calculating National income using expenditure approach.(10mks)

4. (a) Discuss five factors which influence entrepreneurship practices in Kenya. (10mks)
(b) Explain five problems encountered in development planning. (10mks)

5. (a) Explain five circumstances under which a firm would be located near the source of raw
materials. (10mks)
(b) Explain five principles of Government expenditure. (10mks)

6. (a) Outline five distinguishing features between a perfect competition market and a
monopoly market. (10mks)

(b) The following information was extracted from the books of Wanyama traders as at 31st
December 2011.

Bank loan 567000
Capital 4546000
Bank loan interest 356534
Closing stock 565230
Creditors 2240000
Debtors 222000
Discount allowed 2200000
Electricity 12200
Furniture repairs 45000
Gross profit 23000
Maintenance costs 890000
Motor vehicles 780000
Motor running expenses 22000
Premises 56560
Rent received 230000
Sundry expenses 220000
Plant & machinery 9000
Furniture 45000

Prepare
(i) Profit and loss for the year ended 31st December 2011.
(ii) Balance sheet as at 31st December 2011. (10mks)

Borabu Masaba District Mock-Bussiness Studies Paper 2 Question Paper

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