A cash book is a ledger that contains the cash and bank accounts only. The cash and bank accounts are usually kept in separate from other accounts.
sharon kalunda answered the question on February 23, 2019 at 09:08
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List some Limitations of a trial balance.
Date posted: February 23, 2019. Answers (1)
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Define a trial balance.
Date posted: February 23, 2019. Answers (1)
- Record the following transaction in the affected accounts and balance them off on 10th January 2015. (10mks)
2015
January 1: Start business with furniture worth Sh.130,000
2: Bought...(Solved)
Record the following transaction in the affected accounts and balance them off on 10th January 2015. (10mks)
2015
January 1: Start business with furniture worth Sh.130,000
2: Bought goods for Sh.50,000 on credit from Nyamwea.
4: Sold stock of goods for Sh.40,000 cash
5: Opened a bank account and deposited Sh.20,000 from cash till.
6: Obtained a loan from K.I.E Sh.30,000 by cheque.
7: Paid Nyamwea Sh.30.000 by cheque.
8 : Withdraw cash Sh.60,000 from bank for office use.
Date posted: February 23, 2019. Answers (1)
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The following table contains information relating to a business A, B, C, and D. Determine the figures represented by W, X and Y.
Date posted: February 23, 2019. Answers (1)
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State FIVE characteristics of a liability.
Date posted: February 23, 2019. Answers (1)
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Date posted: February 23, 2019. Answers (1)
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Date posted: February 22, 2019. Answers (1)
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Explain what is meant by the term fixed assets.
Date posted: February 22, 2019. Answers (1)
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a.) Debtor
b)Creditors
c.) Goods
d.) Assets(Solved)
Explain the following terms as used in business.
a.) Debtor
b)Creditors
c.) Goods
d.) Assets
Date posted: February 22, 2019. Answers (1)
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Date posted: February 22, 2019. Answers (1)
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List and explain methods of trade restriction.
Date posted: February 22, 2019. Answers (1)
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Date posted: February 20, 2019. Answers (1)
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(Solved)
The following balance sheet was prepared from the books of Makara traders.
Prepare Makara traders balance sheet as at the end of January 2012
Date posted: February 19, 2019. Answers (1)
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Date posted: February 19, 2019. Answers (1)
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Date posted: February 19, 2019. Answers (1)
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Date posted: February 19, 2019. Answers (1)
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Date posted: February 19, 2019. Answers (1)
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Explain how devaluation helps in correcting the balance of payments disequilibrium?.
Date posted: February 19, 2019. Answers (1)
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How does encouraging foreign investors into the country help in correcting the balance of payments disequilibrium?.
Date posted: February 19, 2019. Answers (1)
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List FOUR measures which can be taken to correct balance of payment disequilibrium.
Date posted: February 19, 2019. Answers (1)