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- Shareholders contact a broker/agents notifying of intended sale
- Share holders surrender the original share certificate to the broker/agent
- Share holder sign transfer form
- Shareholder give the price he expects for the shares
- The broker/agents verifies ownership of the share/ownership is verified
- The broker/agent gets buyer for the shares
- Shares are sold/paid for
Kavungya answered the question on April 4, 2019 at 06:09
- The following information was extracted from books of Chunga Traders for the period ending
31/12/2000:- Fixed assets – 350,000
Drawings – 50,000
Creditors – 50,000
Cash – 60,000
Discount received...(Solved)
The following information was extracted from books of Chunga Traders for the period ending
31/12/2000:- Fixed assets – 350,000
Drawings – 50,000
Creditors – 50,000
Cash – 60,000
Discount received 4,000
Rent – 12,000
Bank overdraft – 10,000
Debtors – 20,000
Stock (31/12/2000)-30,000
Commission received – 6,000
Gross profit – 80,000
Electricity – 3,000
Stock (11/1/2000) – 50,000
Salaries – 20,000
Calculate:- (i) Working capital
(ii) Capital employed
Date posted: April 4, 2019. Answers (1)
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Highlight four circumstances under which a country may be classified as underdeveloped
Date posted: April 4, 2019. Answers (1)
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Highlight four characteristics of good development plan
Date posted: April 4, 2019. Answers (1)
- The following statement shows the various level of economic integration. Against this statements,
give the level that suits each:(Solved)
The following statement shows the various level of economic integration. Against this statements,
give the level that suits each:
Date posted: April 4, 2019. Answers (1)
- The table below gives descriptions of some documents used in international trade complete the
table, by indicating the name of the document that corresponds to each...(Solved)
The table below gives descriptions of some documents used in international trade complete the
table, by indicating the name of the document that corresponds to each description
Date posted: April 4, 2019. Answers (1)
- Highlight four factor that may hinder the success of East African Co-operation (E.A.C)(Solved)
Highlight four factor that may hinder the success of East African Co-operation (E.A.C)
Date posted: April 4, 2019. Answers (1)
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A country’s domestic currency has been depreciating over time. Highlight five disadvantages of this to the country.
Date posted: April 4, 2019. Answers (1)
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Differentiate between progressive and regressive taxation giving an example of each
Date posted: April 4, 2019. Answers (1)
- Match the following types of taxes with the appropriate description given below:-
Corporate tax, Customs duty, Estate duty, Excise duty(Solved)
Match the following types of taxes with the appropriate description given below:-
Corporate tax, Customs duty, Estate duty, Excise duty
Date posted: April 4, 2019. Answers (1)
- Outline four short comings of a country borrowing heavily from internal and external sources(Solved)
Outline four short comings of a country borrowing heavily from internal and external sources
Date posted: April 4, 2019. Answers (1)
- Mention four ways in which individuals can hold money(Solved)
Mention four ways in which individuals can hold money
Date posted: April 4, 2019. Answers (1)
- E-banking is a method of banking through electronic systems. Give four reasons to account
for the rising popularity of this banking system(Solved)
E-banking is a method of banking through electronic systems. Give four reasons to account
for the rising popularity of this banking system
Date posted: April 4, 2019. Answers (1)
- Identify the motive of holding money in each of the circumstances below:-
(a) Need to hold money to cater for future unforeseen eventualities
(b) Need to have...(Solved)
Identify the motive of holding money in each of the circumstances below:-
(a) Need to hold money to cater for future unforeseen eventualities
(b) Need to have money to cater for daily expenses
(c) Need to have money with hope that prices will fall in future in order to purchase more
Date posted: April 4, 2019. Answers (1)
- 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)
- 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)
- On 1st January 2009, Rodi Traders had a capital of shs 550 000 at the end of the year.
The following balances were available
Items ...(Solved)
On 1st January 2009, Rodi Traders had a capital of shs 550 000 at the end of the year.
The following balances were available
Items 31.12.2009
Shs.
Creditors 50 000
Debtors 30 000
Bank overdraft 80 000
Buildings 870 000
Rent due 10 000
Salaries prepaid 10 000
i) Prepare statement of affairs as at 31.12.2009
ii) Determine the net profit for the year
Date posted: April 4, 2019. Answers (1)
- On 31st January 2004, Maleya Traders had a capital of Kshs.65000. At the end of the year, the
following balances were available:-
...(Solved)
On 31st January 2004, Maleya Traders had a capital of Kshs.65000. At the end of the year, the
following balances were available:-
Kshs.
Stock 8,000
Creditors 6,000
Cash at bank 4,000
Premises 90,000
Prepare a statement of affairs on 31st December 2004
Date posted: April 4, 2019. Answers (1)
- The bookkeeper of Chacha Traders extracted the following information form the accounting
records:-
...(Solved)
The bookkeeper of Chacha Traders extracted the following information form the accounting
records:-
1/1/2009 31/12/2009
Suppliers 445,000 620,000
Discount received - 12,000
Purchases returns - 25,000
During the year ended 31/12/2009, suppliers were paid shs.1,400,000 while cash purchases
Amounted to shs.800,000. Determine the purchase for the year
Date posted: April 4, 2019. Answers (1)
- The following information was obtained from Maganda Enterprises for the year ended
31st Dec 2003:-
Opening stock kshs.40,000
Purchases ...(Solved)
The following information was obtained from Maganda Enterprises for the year ended
31st Dec 2003:-
Opening stock kshs.40,000
Purchases kshs.400,000
Gross profit kshs. 100,000
Goods were sold at a marked-up of 25%
Required;
Calculate: i) Sales for the year
ii) Rate of stock turn over
Date posted: April 4, 2019. Answers (1)
- The following balances were extracted from the books of Chombo wholesalers for the year
ended 31st December, 2009
Calculate;- a) Margin
...(Solved)
The following balances were extracted from the books of Chombo wholesalers for the year
ended 31st December, 2009
Calculate;- a) Margin
b) Current ratio
c) Rate of Stock turnover
Date posted: April 4, 2019. Answers (1)