Get premium membership and access revision papers, questions with answers as well as video lessons.

Principles Of Accounting 1(Cat 1) Question Paper

Principles Of Accounting 1(Cat 1) 

Course:Bachelor Of Business Management

Institution: Moi University question papers

Exam Year:2010



Attempt all questions.1.Clearly explain the following accounting concepts;going concern,prudence,matching concept,duality,substance over form-(10mks).2.John has the following information on his balance sheet;creditors-15800,equipment-46000,motor vehicle-25160,stock-24600,debtors-23080,bank-29120,cash-160.During the first week of August,Johnbought extra equipment on credit for 5520,bought extra stock by cheque for 2280,paid creditors by cheque 3160,debtors paid 3360by cheque and 240 by cash.He put extra 1000 in cash as capital.Required;(a)determine the capital as at 1st August-(8mks).(b)draw a balance sheet after effecting the above transactions-(12mks)




More Question Papers

Enhance your teaching with our comprehensive Schemes of Work and Notes!

Popular Exams

Mid Term Exams

End Term 1 Exams

End Term 3 Exams

Opener Exams

Full Set Exams

Return to Question Papers    

© 2008-2024 by KenyaPlex.com. All Rights Reserved | Home | About Us | Contact Us | Copyright | Terms Of Use | Privacy Policy | Advertise