Get premium membership and access questions with answers, video lessons as well as revision papers.
Capital = Assets – Liabilities
Assets = ( Cash at bank + cash in hand +debtors + stock + Furniture + motor-vehicle)
(23100 + 3250 + 45300 + 48200 + 11600 + 65000)
= 196450
Liabilities = Creditors +Bank loan
= 56100+ 25000
= 81000
Hence capital = 196450-81000
= 115350
sharon kalunda answered the question on March 4, 2019 at 10:33
- The following information relates to demand and supply schedule for good.Price per unit (Kshs.) Quantity demanded ...(Solved)
The following information relates to demand and supply schedule for good.
Price per unit (Kshs.)--Quantity demanded---Quantity supplied.
70---------------100-----------------------1000
60-----------500-------------800
50-----------500-------------400
30----------800------------400
20----------900------------300
10---------1000-----------100
i) On the graph paper provided, draw the demand and supply curve on the same graph
and determine equilibrium price and quantity.
ii) What would happen if the price of good X was increased from shs. 50 to shs. 70.
Explain.
iii) What would happen if the price of good X was decreased from shs. 50 to shs. 10.
Explain.
Date posted: March 4, 2019. Answers (1)
- With the aid of a tree diagram, show the main divisions of trade.(Solved)
With the aid of a tree diagram, show the main divisions of trade.
Date posted: March 4, 2019. Answers (1)
- The following information was drafted from the books of Rayrose college on 31st Jan 2002.
Item Amount ...(Solved)
The following information was drafted from the books of Rayrose college on 31st Jan 2002.
Item Amount (Kshs)
Opening stock 400,000
Sales 700,000
Closing stock 10,000
Purchases 150,000
Sales returns 20,000
Purchase returns 50,000
Salaries and wages 80,000
Rent 70,000
Income 80,000
Calculate:
a) Gross Profit
b) Net profit
c) Mark-up percentage
Date posted: March 4, 2019. Answers (1)
- From the following trial balance of S. Thompson, you are asked to draw up an income statement for the year ended 31st March 20x2 and a balance sheet as at that date(Solved)
From the following trial balance of S. Thompson, you are asked to draw up an income statement for the year ended 31st March 20x2 and a balance sheet as at that date.
Date posted: March 2, 2019. Answers (1)
- Using the book keeping equation, indicate the correct figure in the empty spaces provided.(Solved)
Using the book keeping equation, indicate the correct figure in the empty spaces provided.
Date posted: March 2, 2019. Answers (1)
- Mwachai BINA’s books disclose the following information for the period ended
31 Dec. 1996.(Solved)
Mwachai BINA’s books disclose the following information for the period ended
31 Dec. 1996.
Required: Draw up Mwachai’s trading profit and loss account for the period ended.
Date posted: March 2, 2019. Answers (1)
- List down four machines used in the mail nom and their use.(Solved)
List down four machines used in the mail nom and their use.
Date posted: March 2, 2019. Answers (1)
- Indicate the account in which the following entries as made.(Solved)
Indicate the account in which the following entries as made.
Date posted: March 2, 2019. Answers (1)
- Discuss the main sources of capital to small scale enterprises.(Solved)
Discuss the main sources of capital to small scale enterprises.
Date posted: March 1, 2019. Answers (1)
- Indicate the type of resource represented by the following. (i) Forest (ii) Road (iii) Doctor (iv) Wildlife(Solved)
Indicate the type of resource represented by the following.
Type of Resource
Forest
Road
Doctor
Wildlife
Date posted: March 1, 2019. Answers (1)
- Outline any four factors that an investor should consider before setting up a small scale
retail shop in a town.
(Solved)
Outline any four factors that an investor should consider before setting up a small scale
retail shop in a town.
Date posted: March 1, 2019. Answers (1)
- The office performs a fundamental role in any business organisation.” Account for this statement.(Solved)
The office performs a fundamental role in any business organisation.” Account for this statement.
Date posted: March 1, 2019. Answers (1)
- Write short notes on the following types of partners.
a)Active Partners
b)Minor partners
c)Quasi partner
d)Outgoing partner
(Solved)
Write short notes on the following types of partners.
a)Active Partners
b)Minor partners
c)Quasi partner
d)Outgoing partner
Date posted: March 1, 2019. Answers (1)
- Highlight any four methods that the government can use to influence the quantity of a commodity supplied.(Solved)
Highlight any four methods that the government can use to influence the quantity of a commodity supplied.
Date posted: March 1, 2019. Answers (1)
- Highlight any four reasons why most businessmen do not prefer transferring their goods
via canals.
(Solved)
Highlight any four reasons why most businessmen do not prefer transferring their goods
via canals.
Date posted: March 1, 2019. Answers (1)
- Explain the meaning of the following terms.
i)Par value
ii)Blue chips
iii)Cum right or Ex-Right
iv)Tilt Edged securities
(Solved)
Explain the meaning of the following terms.
i)Par value
ii)Blue chips
iii)Cum right or Ex-Right
iv)Tilt Edged securities
Date posted: March 1, 2019. Answers (1)
- Outline any four main principles of investment.(Solved)
Outline any four main principles of investment.
Date posted: March 1, 2019. Answers (1)
- )(i)Outline four circumstances under which middlemen can be eliminated from the chain of distribution.(ii)The table below shows the trends in inflation rates of country...(Solved)
(a)(i)Outline four circumstances under which middlemen can be eliminated from the chain of distribution.
(ii)The table below shows the trends in inflation rates of country x.
Year--------Inflation rates.
2007---------15%
2008---------22%
2009---------40%
Explain five possible factors that may have contributed to the above trend.
Date posted: March 1, 2019. Answers (1)
- Give any four reasons why the Kenyan government is actively involved in licencing
business activities.
(Solved)
Give any four reasons why the Kenyan government is actively involved in licencing
business activities.
Date posted: March 1, 2019. Answers (1)
- Identify four services that can be conveniently paid for using standing orders (bank orders)(Solved)
Identify four services that can be conveniently paid for using standing orders (bank orders)
Date posted: March 1, 2019. Answers (1)