- If the loss was deliberate i.e not accidental.
- If she/he had not been paying regular premiums to the insurer.
- If the cause of the loss is different from the one that had been covered.
- If the property insured did not belong to him / her .
- If Mutua had withheld information / lied in connection with the policy.
Kavungya answered the question on April 1, 2019 at 13:28
- Enter the following transactions in the relevant ledger accounts.
Jan 1, 2012 Balance b/d Bank sh. 3,000 (CR)
...(Solved)
Enter the following transactions in the relevant ledger accounts.
Jan 1, 2012 Balance b/d Bank sh. 3,000 (CR)
Cash sh. 2,000
Jan 2, 2012 Received Ksh 49,000 from Pete traders after deducting 2% cash discount.
Jan 5, 2012 Deposited sh. 20,000 from cash box to the bank account.
Jan 12.2012 Paid rent Ksh. 2,000 by cheque.
Jan 20,000 Paid Kalikali Ksh. 10,000 5% cash discount.
Date posted: April 1, 2019. Answers (1)
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(a) A person has absolutely nothing to do
(b) A worker does...(Solved)
State the type of unemployment described by each of the following statements. (4 marks )
(a) A person has absolutely nothing to do
(b) A worker does not have specific skills and loses the job when the contract between
him and the employer ends
(c ) The number of people employed exceeds those that are required.
(d)Caused by seasonal variations such that during peak period, there is high demand for labour
and during off peak period, the demand for labour goes down.
Date posted: April 1, 2019. Answers (1)
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Trade discount 5% and cash discount 10%. If payment is made...(Solved)
On 1st April, 2012 Katunge received an invoice for Kshs. 30,000. Terms of payment were:
Trade discount 5% and cash discount 10%. If payment is made within 30 days.
Determine the amount paid if payment was made on 26th April 2012.
Date posted: April 1, 2019. Answers (1)
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Date posted: April 1, 2019. Answers (1)
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Date posted: April 1, 2019. Answers (1)
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Outline five benefits that may accrue to the Kenyan economy due to privatization of
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Date posted: April 1, 2019. Answers (1)
- Masai traders maintains a petty cash imprest of sh 12,000 per week. On 31st March 2005,
they had a balance of sh 2130 in hand and...(Solved)
Masai traders maintains a petty cash imprest of sh 12,000 per week. On 31st March 2005,
they had a balance of sh 2130 in hand and was given cash to restore the imprest.
The following transactions took place during the first week of April 2005.
2005
April 2 - Bought stamps for sh 150 and paid wages sh 1000
3 - Bought 5 reams of duplicating paper at sh 230 each
4 - Paid taxi fare sh 500
5 - Paid wages sh 1000 and bought envelopes for sh 200
6 - Bought coffee for staff sh 300 and paid a water bill sh 550
7 - Paid for office machine repairs sh 200 and bought stamps sh 150.
Required:
Prepare a petty cashbook using the following analysis columns:-
Wages, Travelling, Stationery, Postage and Miscellaneous.
Date posted: April 1, 2019. Answers (1)
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Date posted: April 1, 2019. Answers (1)
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Date posted: April 1, 2019. Answers (1)
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- The following information was extracted from the books of Misikhu traders
Rate of Turnover 3 times
Mark up ...(Solved)
The following information was extracted from the books of Misikhu traders
Rate of Turnover 3 times
Mark up 20%
Opening stock shs90,000
Closing stock shs150,000
Calculate
(a) Gross profit
(b) Purchases
(c) Sales
Date posted: April 1, 2019. Answers (1)
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Date posted: April 1, 2019. Answers (1)