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- Mismanagement
- Rise in cost of production e.g. fuel, power
- Mis – appropriation of funds
- Embezzlement of funds
- Use of poor outdated technology
Kavungya answered the question on April 1, 2019 at 07:49
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Ayub's capital at the beginning of the trading period was sh.300000. During the year he invested additional capital of sh.26000 in form of cash. He also took sh.40000 in cash and stock valued at sh.25000 from the business for his personal use
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Date posted: March 28, 2019. Answers (1)
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Sales ...(Solved)
The following information refers to tea traders for the year ended 31/12/04
Sales 800,000
Expenses 10,000
Commission received 15,000
Purchases 700,000
Opening stock 250,000
Margin 20%
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Date posted: March 27, 2019. Answers (1)
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Bambu Traders
Balance sheet as at 31st December 2000
a) Sales during the year...(Solved)
The following is a balance sheet of Bambu traders as at 31st December 2000
Bambu Traders
Balance sheet as at 31st December 2000
a) Sales during the year amounted to Kshs 2,000,000
b) Stock on 1 January 2000 was Kshs. 100,000
c) Gross profit margin was 20%
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i) Current ratio
ii) Gross profit mark up
iii) Rate of stock turnover
Date posted: March 27, 2019. Answers (1)
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year ended 31st March 2001
Gross profit 186,200
Carriage...(Solved)
The following balances were extracted from the books of Vuno Traders for the
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Carriage outwards 13,500
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Salaries 57,000
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Date posted: March 27, 2019. Answers (1)
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Jan 1 started business with Kshs. 20,000 in cash
Deposited 15,000 from cash till...(Solved)
The following transactions relates to Tajira Traders for the month of January 2001
Jan 1 started business with Kshs. 20,000 in cash
Deposited 15,000 from cash till into a business Bank account
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Bought furniture by cheque sh 3,000
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Date posted: March 27, 2019. Answers (1)
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Sales 500,000
Cost...(Solved)
The following figures obtained from the records of Buka Enterprises for the year ended 30th June 2000
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Cost of goods sold 280,000
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Date posted: March 27, 2019. Answers (1)
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Additional information
a) during the year the owner converted her private car worth 90,000 for business...(Solved)
Cumvi Traders had a capital of sh 180,000 as at 31.12.1998
Additional information
a) during the year the owner converted her private car worth 90,000 for business use
b) Goods worth sh. 50,000 were taken from the business for her own use
c) Net profit for the year was sh 140,000
Calculate capital as at 31 Dec. 1999
Date posted: March 27, 2019. Answers (1)
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Sales 360,000
Gross...(Solved)
The following balances were obtained from the books of Rah traders
Opening stock 50,000
Sales 360,000
Gross profit 25% of sales
Closing stock 70,000
Calculate
a) Cost of goods
b) Rate of stock turnover
Date posted: March 27, 2019. Answers (1)
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Opening stock 8,000
Purchases bank ...(Solved)
The following information was obtained from the books of Kina Traders on 30th June 1998
Opening stock 8,000
Purchases bank 53,000
Sales 62,900
Return outwards 2,700
Closing stock 12,700
Prepare Kina Traders balance a/c for the year ended 30th June 1998
Date posted: March 27, 2019. Answers (1)
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Capital 1.198 250,000
Additional...(Solved)
The following information relates to Mali traders for the year ended 31st Dec 1998.
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Additional investment 68,000
Drawing 92,000
Profit 180,000
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Date posted: March 27, 2019. Answers (1)
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Date posted: March 27, 2019. Answers (1)