If a capital as at 1/1/98 is 250,000
- Add additional capital 68,000 = 318, 000
- Capital as at 31/12/1998
= 406,000
Kavungya answered the question on March 27, 2019 at 09:04
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State four uses of balance sheet for business organizations.
Date posted: March 27, 2019. Answers (1)
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1998
Cost of goods sold 65,000
General expenses ...(Solved)
The following information was extracted from the books of Peshau Traders as at April
1998
Cost of goods sold 65,000
General expenses 280,000
Capital for the period was 20% 10,000
Calculate rate of net profit to capital
Date posted: March 27, 2019. Answers (1)
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on 30th June 1997.
Opening stock 65,000
Sales ...(Solved)
The following account balances were extracted from the books of Kiboko enterprises
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Opening stock 65,000
Sales 280,000
Purchases 190,000
Purchases returns 10,000
Sales returns 4,200
Closing stock was Kshs. 70,000 as at 30th June 1997.
Prepare the trading a/c for period
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Date posted: March 27, 2019. Answers (1)
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Gross profit 130,800
Carriage of...(Solved)
The following information was extracted from the books of Kwaso traders on 31st August 1997.
Gross profit 130,800
Carriage of sales 4,700
Commission received 8,000
General expenses 18,200
Insurance 4,000
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Cash 20, 520
Bank ...(Solved)
The following balances were extracted from the books of Waso traders on 30th October 1995.
Cash 20, 520
Bank 160,230
Premises 800,000
Debtors 40,000
Creditors 62,000
2 year loan 40,000
Stock 2,500
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Date posted: March 27, 2019. Answers (1)
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a) The cost of goods sold
b) The gross...(Solved)
During the month of July 1995 Kungu made sales worth Kshs.60,000. His margin on sales was 20%, calculate;
a) The cost of goods sold
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Date posted: March 27, 2019. Answers (1)
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November 1995
Machinery 250,000
Debtor ...(Solved)
The following account balances were extracted from the books of Kitu traders on 30th
November 1995
Machinery 250,000
Debtor 62,000
Creditors 46,000
Stock 12,680
Cash in hand 1,500
Cash at bank 15,000
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Date posted: March 27, 2019. Answers (1)
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2001...(Solved)
On 1 Match, 2001, Mingi traders had Ksh. 13,200 in cash and bank balances of Sh 56,000. The following transaction took place during the month.
2001 2 Cash sales sh. 12,000
12 paid a creditor sh. 8,200
27 received a cheque for sh. 4,500 from debtors
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Date posted: March 27, 2019. Answers (1)
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Date posted: March 27, 2019. Answers (1)
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For each of the following types of account indicate by writing Dr. or Cr.
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Date posted: March 27, 2019. Answers (1)
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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
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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)
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a) Received Ksh. 20,000 cash in respect of rent paid
b) Purchased goods worth 30,000 on credit from crown traders.(Solved)
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b) Purchased goods worth 30,000 on credit from crown traders.
Date posted: March 27, 2019. Answers (1)
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Date posted: March 27, 2019. Answers (1)
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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
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iii. Paid salaries sh. 2, 400 by cheque
Date posted: March 27, 2019. Answers (1)
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a) Cost of goods sold
b) Rate of stock turnover(Solved)
The following balances were obtained from the books of Rah Traders
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Date posted: March 27, 2019. Answers (1)
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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)
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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)
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enterprises on 30th April, 1995.(Solved)
Prepare a trial balance from the following balances extracted from the books of San
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Date posted: March 27, 2019. Answers (1)