-Encourage and control marketing of agricultural products by purchasing them from
farmers.
-Encourage stable prices and incomes by keeping prices fairly fixed and store
-unsold goods to act as buffer stock.
-Offer loans for farm input purchasing.
-Help government to regulate, license and impure major export crops e.g. tea.
-Provision of a wide range of experts dealing with agricultural products
-They do research work to improve yield.
sharon kalunda answered the question on February 28, 2019 at 12:42
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Net profit for the year 5,000
Extra capital introduced 52,000
Purchases 20,000
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ii)Net profit ratio.
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Additional information. Sh.
(i) Stock as at 31st December 2005 52,000
(ii) Rent accrued 6,000
(iii) Insurance paid in advance 4,000
(iv) Commission due 5,000
(v) Salaries owing 21,000
REQUIRED:
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Trial Balance
As at Gathiro’s 31st Oct 2013
On 31st Oct. 2013, the business had closing stock valued at Shs. 60,000
prepare;
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Calculate the gross profit.
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