- It is very fast to withdraw money
- It minimizes theft and fraud
- It is easy to deposit money
- Money transfer is facilitated
Kavungya answered the question on April 4, 2019 at 05:34
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Give four circumstances under which a trader would operate a fixed deposit account
(Solved)
Give four circumstances under which a trader would operate a fixed deposit account
Date posted:
April 4, 2019
.
Answers (1)
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Highlight four differences between a balance sheet and statement of affairs
(Solved)
Highlight four differences between a balance sheet and statement of affairs
Date posted:
April 4, 2019
.
Answers (1)
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Record the following transactions in a double column cash book of JABER traders and balance
it off as at 12th June 2009:-
June 1: Balances : Cash...
(Solved)
Record the following transactions in a double column cash book of JABER traders and balance
it off as at 12th June 2009:-
June 1: Balances : Cash shs.5500
Bank shs.18000 (Cr)
June 3: Purchases shs.4500 was made being paid by cheque shs.4000, balance later
June 7: Sold goods for cash shs.6000
June 12: took shs.7000 to bank
June 13: Credit purchases from Ombogo shs.3000
June 14: paid Alweny shs.1000 cash
Date posted:
April 3, 2019
.
Answers (1)
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The following transactions took place in the business of Kiprono during the first week of Jan.
2003
Jan 1st Balance brought down
...
(Solved)
The following transactions took place in the business of Kiprono during the first week of Jan.
2003
Jan 1st Balance brought down
Cash = Kshs12,000.00
Bank= Kshs.35,000
Jan 2nd Sold an old piece of furniture for Kshs.8,000 cash
Jan 3rd Cash sales Kshs.10,000 paid directly to the bank
Jan 4th Purchased goods worth Kshs.20,000 , paid Kshs.5,000 cash and the balance
to be paid later
Jan 5th Kiprono took cash Kshs.1,500 for personal use
Jan 6th Bought goods worth Kshs.15,000 paying partly by cheque Kshs.10,000 and
the balance in cash
Required: Prepare Kiprono’s two column cash book for the month of January and balance it
Date posted:
April 3, 2019
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Answers (1)
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Identify four uses of the cash book
(Solved)
Identify four uses of the cash book
Date posted:
April 3, 2019
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Answers (1)
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Record the following transactions in the relevant ledger accounts for the month of June, 2009
June 1: invested shs.100,000 cash in a retail business
June 2: Obtained...
(Solved)
Record the following transactions in the relevant ledger accounts for the month of June, 2009
June 1: invested shs.100,000 cash in a retail business
June 2: Obtained a co-operative loan of Shs.20,000 cash
June 3: bought furniture Shs. 70,000, paying Shs.40,000 cheque and the balance in cash
Date posted:
April 3, 2019
.
Answers (1)
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Identify the situation in which the following types of ledgers are appropriate:
i) Creditors ledger
ii) Private ledgers
iii) Normal ledger
(Solved)
Identify the situation in which the following types of ledgers are appropriate:
i) Creditors ledger
ii) Private ledgers
iii) Normal ledger
Date posted:
April 3, 2019
.
Answers (1)
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Indicate the balance sheet items which would be affected by the following transactions
(a) Purchase of a lawn mower by cheque
(b) Sale of goods on credit...
(Solved)
Indicate the balance sheet items which would be affected by the following transactions
(a) Purchase of a lawn mower by cheque
(b) Sale of goods on credit to Mwangi
(c) A debtor pays by cash
(d) The owner converted his personal car into a business asset
Date posted:
April 3, 2019
.
Answers (1)
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Account for the difference between the gross National Income figures between Kenya
and Uganda
(Solved)
Account for the difference between the gross National Income figures between Kenya
and Uganda
Date posted:
April 3, 2019
.
Answers (1)
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Outline four factors used to determine the distribution of Omo, as a common household detergent
in Kenya
(Solved)
Outline four factors used to determine the distribution of Omo, as a common household detergent
in Kenya
Date posted:
April 3, 2019
.
Answers (1)
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Give four ways in which a firm may achieve marketing economies of scale
(Solved)
Give four ways in which a firm may achieve marketing economies of scale
Date posted:
April 3, 2019
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Answers (1)
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Highlight four measures the government may take to promote delocalization in the country
(Solved)
Highlight four measures the government may take to promote delocalization in the country
Date posted:
April 3, 2019
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Answers (1)
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State four causes of abnormal demand
(Solved)
State four causes of abnormal demand
Date posted:
April 3, 2019
.
Answers (1)
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A private warehouse owner insured his warehouse valued at Kshs.400, 000 for Kshs600, 000
against risk of fire. The warehouse was later destroyed completely by fire...
(Solved)
A private warehouse owner insured his warehouse valued at Kshs.400, 000 for Kshs600, 000
against risk of fire. The warehouse was later destroyed completely by fire including goods worth
shs 100,000.
Required:
i) Determine the amount of compensation paid by the insurance company
ii) Give a reason for your answer in (i) above
Date posted:
April 3, 2019
.
Answers (1)
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State four reasons why few Kenyan take out life assurance policy
(Solved)
State four reasons why few Kenyan take out life assurance policy
Date posted:
April 3, 2019
.
Answers (1)
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State four advantages of warehousing to a retailer
(Solved)
State four advantages of warehousing to a retailer
Date posted:
April 3, 2019
.
Answers (1)
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Outline four circumstances that would hinder a warehouse from functioning effectively
(Solved)
Outline four circumstances that would hinder a warehouse from functioning effectively.
Date posted:
April 3, 2019
.
Answers (1)
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The following are special delivery services provided by the post office:-post rest ante,
speed post, business reply service, express delivery. Match each description with the term
a)...
(Solved)
The following are special delivery services provided by the post office:-post rest ante,
speed post, business reply service, express delivery. Match each description with the term
a) The arrangements to deliver the mail starts at the sender’s post office
b) The arrangement to deliver the mail starts at the addressees post office
c) Services offered to travelers who wish to receive correspondence while away from home
d) Service that relieves the customer of postage expenses
Date posted:
April 3, 2019
.
Answers (1)
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Bucket ltd is an international pharmaceutical company. Under what circumstances can the firm
send its products to customers by air transport?
(Solved)
Bucket ltd is an international pharmaceutical company. Under what circumstances can the firm
send its products to customers by air transport?
Date posted:
April 3, 2019
.
Answers (1)
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Outline four differences between liners and tramps as in sea transport
(Solved)
Outline four differences between liners and tramps as in sea transport
Date posted:
April 3, 2019
.
Answers (1)