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Opening balances
Cash 22,000 – 8,000
= 14,000
Bank 63,000 – 36,000
= 27,700
Kavungya answered the question on March 27, 2019 at 08:00
- For each of the following types of account indicate by writing Dr. or Cr.
The side of record for increase and decrease.(Solved)
For each of the following types of account indicate by writing Dr. or Cr.
The side of record for increase and decrease.
Date posted: March 27, 2019. Answers (1)
- Enter the following transactions as in the cash Book of Temple Traders Below
March 5 Cash 30,000
March 10 paid a creditor Kshs 7,500 by...(Solved)
Enter the following transactions as in the cash Book of Temple Traders Below
March 5 Cash 30,000
March 10 paid a creditor Kshs 7,500 by cheque
March 20 received 5,000 in cash
March 15 deposited 12,500into bank
March 28 Paid wages 2,400 in cash
Date posted: March 27, 2019. Answers (1)
- Record the following transactions in ledger accounts.
a) Received Ksh. 20,000 cash in respect of rent paid
b) Purchased goods worth 30,000 on credit from crown traders.(Solved)
Record the following transactions in ledger accounts.
a) Received Ksh. 20,000 cash in respect of rent paid
b) Purchased goods worth 30,000 on credit from crown traders.
Date posted: March 27, 2019. Answers (1)
- For each of the following transactions state the account to be debited and credited.(Solved)
For each of the following transactions state the account to be debited and credited.
Date posted: March 27, 2019. Answers (1)
- Balance the following ledger accounts.(Solved)
Balance the following ledger accounts.
Date posted: March 27, 2019. Answers (1)
- Enter each of the following transactions relating to Jokin Traders in the relevant ‘T’ A/c
i. Deposited cash in hand shs. 5,000 into bank
ii. Bought a...(Solved)
Enter each of the following transactions relating to Jokin Traders in the relevant ‘T’ A/c
i. Deposited cash in hand shs. 5,000 into bank
ii. Bought a motor vehicle on credit on for 250,000 from Raji Traders
iii. Paid salaries sh. 2, 400 by cheque
Date posted: March 27, 2019. Answers (1)
- The following balances were obtained from the books of Rah Traders
Calculate
a) Cost of goods sold
b) Rate of stock turnover(Solved)
The following balances were obtained from the books of Rah Traders
Calculate
a) Cost of goods sold
b) Rate of stock turnover
Date posted: March 27, 2019. Answers (1)
- The following balances were extracted from the books of Dipa traders as at 31st December 2000.
Prepare a trial balance as at 31 December 2000.(Solved)
The following balances were extracted from the books of Dipa traders as at 31st December 2000.
Prepare a trial balance as at 31 December 2000.
Date posted: March 27, 2019. Answers (1)
- The following account balances were obtained from the books of Kiboko Traders on 30th June 1999.
Prepare a trial balance for Kiboko traders as at 30th...(Solved)
The following account balances were obtained from the books of Kiboko Traders on 30th June 1999.
Prepare a trial balance for Kiboko traders as at 30th June 1999.
Date posted: March 27, 2019. Answers (1)
- Prepare a trial balance from the following balances extracted from the books of San
enterprises on 30th April, 1995.(Solved)
Prepare a trial balance from the following balances extracted from the books of San
enterprises on 30th April, 1995.
Date posted: March 27, 2019. Answers (1)
- The following trial balance of Onyati was incorrectly prepared in 30th June 1995. Prepare the correct Trial Balance.(Solved)
The following trial balance of Onyati was incorrectly prepared in 30th June 1995. Prepare the correct Trial Balance.
Date posted: March 27, 2019. Answers (1)
- Different between the Globalization and Liberalization.(Solved)
Briefly Differentiate between the Globalization and Liberalization.
Date posted: March 26, 2019. Answers (1)
- Outline the characteristics of debentures.(Solved)
Briefly outline the characteristics of debentures.
Date posted: March 26, 2019. Answers (1)
- State five types of bills of exchange.(Solved)
State five types of bills of exchange
Date posted: March 26, 2019. Answers (1)
- State five disadvantages of using a money order as a means of payment.(Solved)
State five disadvantages of using a money order as a means of payment.
Date posted: March 26, 2019. Answers (1)
- List the various types of cheques.(Solved)
List five types of cheques.
Date posted: March 26, 2019. Answers (1)
- Outline the the circumstances that will make a cheque to be marked RD by a bank before being returned to the depositor.(Solved)
Outline the the circumstances that will make a cheque to be marked RD by a bank before being returned to the depositor.
Date posted: March 26, 2019. Answers (1)
- State five components of a crossed cheque.(Solved)
Components of a crossed cheque.
Date posted: March 26, 2019. Answers (1)
- State the various documents that information is obtained from when preparing a statement of account(Solved)
State four documents that information is obtained from when preparing a statement of account.
Date posted: March 26, 2019. Answers (1)
- State four disadvantages of tied shops.(Solved)
Highlight four disadvantages of tied shops.
Date posted: March 25, 2019. Answers (1)