Get premium membership and access questions with answers, video lessons as well as revision papers.
- The cost of consumer goods in a basket of an average family is given below.
Year ...(Solved)
The cost of consumer goods in a basket of an average family is given below.
Year 2016 2017
Ksh Ksh
Maize flour 90 110
Sugar 100 115
Rice 80 90
Determine the consumer price index using 2016 as the base year.
Date posted: June 4, 2019. Answers (1)
- Draw a well labeled diagram to show the effect of increase in demand and increase in supply on
equilibrium point, equilibrium price and equilibrium quantity.(Solved)
Draw a well labeled diagram to show the effect of increase in demand and increase in supply on
equilibrium point, equilibrium price and equilibrium quantity.
Date posted: May 22, 2019. Answers (1)
- The following transactions were extracted from the books of Furaha retailers.
(Solved)
The following transactions were extracted from the books of Furaha retailers.
April 1.Balance brought forward cash ksh 1,900 cash at bank ksh. 6500.
April 3.Sold goods in cash ksh. 1,200.
April 5. Paid transport by cheque ksh. 2,050.
April 7.Bought goods worth ksh.2,500 in cash less 5% cash discount.
Apri l 10.Paid postage charges by cheque ksh.3,000.
April 12.Furaha deposited ksh.600 from cash till to the business bank account.
April 13.Bought goods ksh .8400 by cheque.
April 15. Sold some old furniture for ksh 3,900 and received the money by cash.
April 17.Brought a table to be used in the business whose value was ksh.1,800.
April 18.Paid electricity bill by cheque ksh.2,100.
April 20.Sold goods goods against a cheque for ksh.6,600 whose value was ksh.6,850.
April 21.Took cash ksh 400 for family use..
April 26.Sold goods on credit to Kamani valued at ksh 4,500.
April 28.Received cash ksh.1,500 from Bidii stores.
April 30.Deposited all cash with the bank except ksh.3,525.
Required to prepare a three column cash book duly balanced.
Date posted: May 22, 2019. Answers (1)
- Explain five documents used in home trade that are prepared by the buyer.(Solved)
Explain five documents used in home trade that are prepared by the buyer.
Date posted: May 22, 2019. Answers (1)
- The following information relates to Rose holdings for May 2015.
May 1.Sold goods to Garry at ksh. 660.
May 5.Bought goods from K.N.T.C for ksh. 7500.
May 10...(Solved)
The following information relates to Rose holdings for May 2015.
May 1.Sold goods to Garry at ksh. 660.
May 5.Bought goods from K.N.T.C for ksh. 7500.
May 10 Bought three office machines at ksh 2,500 each on credit from Fine elecronics.
May 15 Goods worth ksh.1,850 were sold to Jack on credit.
May 18 She sold old furniture on credit to Twiga motols at KSH. 1,500 whose book value was
ksh.1000.
Required.Record the above transactions in appropriate journals.
Date posted: May 22, 2019. Answers (1)
- The following balances were extracted from the books of Kasuku traders on 30th June 2018.
The following transactions took place in the month of July 2018.
July...(Solved)
The following balances were extracted from the books of Kasuku traders on 30th June 2018.
The following transactions took place in the month of July 2018.
July 10 Kasuku traders received ksh. 15,000 from a debtor by cheque.
July 15 Bought more furniture worth ksh. 2,500 and paid in cash.
July 20 Took goods worth 14,000 for home use.
Required.Prepare a balance sheet as at 30th July 2018.
Date posted: May 22, 2019. Answers (1)
- Mention the four elements of transport .(Solved)
Mention the four elements of transport .
Date posted: May 22, 2019. Answers (1)
- State the kind of information recorded in the following ledger accounts
i. Sales Ledger
ii. Private Ledger
iii. Nominal Ledger
iv. Cash book(Solved)
State the kind of information recorded in the following ledger accounts
i. Sales Ledger
ii. Private Ledger
iii. Nominal Ledger
iv. Cash book
Date posted: May 22, 2019. Answers (1)
- Muriuki prepared a trial balance for his business but it failed to balance. Help
him prepare a correct one(Solved)
Muriuki prepared a trial balance for his business but it failed to balance. Help
him prepare a correct one
Date posted: May 22, 2019. Answers (1)
- The following information was obtained from Wamwangi traders as at 31st December 2018
Prepare Wamwangi’s trading account for the year ended 31/12/2018(Solved)
The following information was obtained from Wamwangi traders as at 31st December 2018
Required
Prepare Wamwangi’s trading account for the year ended 31/12/2018
Date posted: May 22, 2019. Answers (1)
- For each of the transaction state the account to be debited and the account to
be credited(Solved)
For each of the transaction state the account to be debited and the account to
be credited
Date posted: May 22, 2019. Answers (1)
- Identify the source documents into which the following information would
be recorded(Solved)
Identify the source documents into which the following information would
be recorded
Date posted: May 22, 2019. Answers (1)
- Name four documents required by the registrar of companies in order to
register a Public Limited Company(Solved)
Name four documents required by the registrar of companies in order to
register a Public Limited Company
Date posted: May 22, 2019. Answers (1)
- State four benefits that Kenya will derive from the completion of Standard
gauge railway (SGR)(Solved)
State four benefits that Kenya will derive from the completion of Standard gauge railway (SGR)
Date posted: May 22, 2019. Answers (1)
- State four ways in which human resource can positively influence the
internal environment of a business(Solved)
State four ways in which human resource can positively influence the
internal environment of a business
Date posted: May 22, 2019. Answers (1)
- Below is a diagram of demand and supply curve
Highlight four factors that may have led to the above behavior(Solved)
Below is a diagram of demand and supply curve
Highlight four factors that may have led to the above behavior
Date posted: May 22, 2019. Answers (1)
- Outline four ways in which utility of a good is created in production(Solved)
Outline four ways in which utility of a good is created in production
Date posted: May 22, 2019. Answers (1)
- The following balances relates to the retail business of Omondi for the month of July 2012.(Solved)
The following balances relates to the retail business of Omondi for the month of July 2012.
Sales 50,000
Expenses 10% of sales
Cost of goods sold 40,000
Calculate:
(i) Mark up. (1 mark)
(ii) Margin. (1 mark)
(iii) Total expenses. (1 mark)
(iv) Net profit
Date posted: May 21, 2019. Answers (1)
- Outline four features of direct production.(Solved)
Outline four features of direct production.
Date posted: May 21, 2019. Answers (1)
- Kiganjo Traders had the following balances as at 31st December, 2014(Solved)
Kiganjo Traders had the following balances as at 31st December, 2014
Determine the profit for the year.
Date posted: May 21, 2019. Answers (1)