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- The following information relates to Mwelu Traders as at 31st January 2012.
...(Solved)
The following information relates to Mwelu Traders as at 31st January 2012.
Shs
Purchases 40,000
Stock 1/2/2011 15,000
Stock 31/1/2011 5,000
Mark –up 25%
Expenses 40 % gross profit
Calculate;
(i) Sales
(ii) Net profit
(iii) Rate of stock turn over
Date posted: April 1, 2019. Answers (1)
- A farmer wishes to transport his herd of cattle from Nanyuki to Athi River.
Explain five benefits that the trader would get by transporting the cattle...(Solved)
A farmer wishes to transport his herd of cattle from Nanyuki to Athi River.
Explain five benefits that the trader would get by transporting the cattle by train
Date posted: April 1, 2019. Answers (1)
- Highlight five benefits of effective communication to a firm.(Solved)
Highlight five benefits of effective communication to a firm.
Date posted: April 1, 2019. Answers (1)
- Kyeni Secondary School has expanded in the last three years from double stream to
four streams. The school principal is contemplating computerising office operations
to improve efficiency....(Solved)
Kyeni Secondary School has expanded in the last three years from double stream to
four streams. The school principal is contemplating computerising office operations
to improve efficiency. State five factors he should consider before implementing
the decision.
Date posted: April 1, 2019. Answers (1)
- The government through the Central Bank is charged with the responsibility of
maintaining a stable and sound monetary system. Explain five methods used by
Central Bank towards...(Solved)
The government through the Central Bank is charged with the responsibility of
maintaining a stable and sound monetary system. Explain five methods used by
Central Bank towards this end.
Date posted: April 1, 2019. Answers (1)
- Highlight four negative implications in the Kenya economy of the continued war in Somali(Solved)
Highlight four negative implications in the Kenya economy of the continued war in Somali
Date posted: April 1, 2019. Answers (1)
- Outline four reasons why a business is important.(Solved)
Outline four reasons why a business is important.
Date posted: April 1, 2019. Answers (1)
- Highlight four objectives of taxation other than raising revenue.(Solved)
Highlight four objectives of taxation other than raising revenue.
Date posted: April 1, 2019. Answers (1)
- Mutua had taken a policy with an insurance company. State the circumstances that can
make the insurer fail to compensate him after a loss.(Solved)
Mutua had taken a policy with an insurance company. State the circumstances that can
make the insurer fail to compensate him after a loss.
Date posted: April 1, 2019. Answers (1)
- 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)
- Describe the procedure for preparing a balance sheet from the Trial Balance(Solved)
Describe the procedure for preparing a balance sheet from the Trial Balance
Date posted: April 1, 2019. Answers (1)
- 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...(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)
- 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...(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)
- Outline four demerits of modern communication technology.(Solved)
Outline four demerits of modern communication technology.
Date posted: April 1, 2019. Answers (1)
- Explain four external economies of scale that an industry may experience.(Solved)
Explain four external economies of scale that an industry may experience.
Date posted: April 1, 2019. Answers (1)
- Explain five reasons why a producer would prefer to use radio than newspapers to advertise
his products.(Solved)
Explain five reasons why a producer would prefer to use radio than newspapers to advertise
his products.
Date posted: April 1, 2019. Answers (1)
- Outline five benefits that may accrue to the Kenyan economy due to privatization of
state firms.(Solved)
Outline five benefits that may accrue to the Kenyan economy due to privatization of
state firms.
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)
- Outline five reasons why the Kenya government is encouraging new investors to
locate firms in all parts of the country.(Solved)
Outline five reasons why the Kenya government is encouraging new investors to
locate firms in all parts of the country.
Date posted: April 1, 2019. Answers (1)
- State four measures a country can adopt to control imports.(Solved)
State four measures a country can adopt to control imports.
Date posted: April 1, 2019. Answers (1)