- On 1st June 2015, Ndovu Traders had cash in hand of sh.25,000 and sh.56,200 at bank.
During the month, the following transactions took place:
2015
June 2 Cash...(Solved)
On 1st June 2015, Ndovu Traders had cash in hand of sh.25,000 and sh.56,200 at bank.
During the month, the following transactions took place:
2015
June 2 Cash sales, sh.42,000.
June 5 Received a cheque of sh.70,500 from Kiptala Traders after deducting a 6% cash discount.
June 8 Paid salaries, sh24,000 cash.
June 9 Yegon settled his account of sh.45,000 in cash and was allowed sh.l,800 cash discount.
June 12 Cash sales sh46,500.
June 18 Paid Tuitoek's debt of sh.l00,000 by cheque after deducting 5% cash discount.
June 24 Withdrew sh.26,000 from the bank for office use.
June 30 Banked all the cash except sh.25,000.
Prepare a 3-column cashbook and balance it off on 30th June, 2015.
Date posted: September 2, 2019. Answers (1)
- Explain five problems that are likely to face the process of implementation of well-prepared economic development plans.(Solved)
Explain five problems that are likely to face the process of implementation of well-prepared economic development plans.
Date posted: September 2, 2019. Answers (1)
- Outline the steps that one must follow when sent to the field to promote the products of the bank through personal selling.(Solved)
Outline the steps that one must follow when sent to the field to promote the products of the bank through personal selling.
Date posted: September 2, 2019. Answers (1)
- Giving the types of unemployment, state the causes of the remedies.(Solved)
Giving the types of unemployment, state the causes of the remedies.
Date posted: September 2, 2019. Answers (1)
- Study the following table of the demand and supply of product x.Explain five factors that may have led to the trend above.(Solved)
Study the following table of the demand and supply of product x.
Explain five factors that may have led to the trend above.
Date posted: September 2, 2019. Answers (1)
- Compute the consumer price index (CPI) from the following data giving explanation of your outcome
Year .............Price
2010............. 300
2011 .............375(Solved)
Compute the consumer price index (CPI) from the following data giving explanation of your outcome
Year .............Price
2010............. 300
2011 .............375
Date posted: September 2, 2019. Answers (1)
- In the table below fill in the missing figures S,T,U and V.(Solved)
In the table below fill in the missing figures S,T,U and V.
Date posted: September 2, 2019. Answers (1)
- Define the following terms as used in business studies
(i) Annuity
(ii) Proposer
(iii) Speculative risk
(iv) Grace period(Solved)
Define the following terms as used in business studies
(i) Annuity
(ii) Proposer
(iii) Speculative risk
(iv) Grace period
Date posted: September 2, 2019. Answers (1)
- State the name of the source document used to record the following transactions(Solved)
State the name of the source document used to record the following transactions
Date posted: September 2, 2019. Answers (1)
- Enter the following transactions in the relevant ledger accounts
2015 April 1 Janet Cosmetics started a business with Ksh. 150,000 cash.
,, 3 Bought stock of...(Solved)
Enter the following transactions in the relevant ledger accounts
2015 April 1 Janet Cosmetics started a business with Ksh. 150,000 cash.
,, 3 Bought stock of goods for Sh. 40,000 and paid in cash
,, 6 Opened a bank account and deposited Sh. 60,000 from the cash till
,, 9 Purchased an office machine for Sh. 25,000 and paid by cheque
Date posted: September 2, 2019. Answers (1)
- Explain the meaning the following terms as used in National Income.
a) Gross Domestic Product
b) Gross National Product
c) Per capita Income(Solved)
Explain the meaning the following terms as used in National Income.
a) Gross Domestic Product
b) Gross National Product
c) Per capita Income
Date posted: September 2, 2019. Answers (1)
- The information below was extracted from the books of Lemayian Traders for the year ended(Solved)
The information below was extracted from the books of Lemayian Traders for the year ended 31. 12. 2015
Opening stock......................... 45,000
Closing stock .........................15,000
Turnover............................... 340,000
Margin.................................. 25%
Required:
(i) Gross profit
(ii) Purchases
Date posted: September 2, 2019. Answers (1)
- Distinguish between the following categories of government expenditures.
a) Recurrent expenditure
b) Capital expenditure(Solved)
Distinguish between the following categories of government expenditures.
a) Recurrent expenditure
b) Capital expenditure
Date posted: September 2, 2019. Answers (1)
- The following balance sheet belongs to Nyakwar Atiyo during the period ended 30th June 2000.
The following transactions took place on July 1 2000.
(i) Paid creditors...(Solved)
The following balance sheet belongs to Nyakwar Atiyo during the period ended 30th June 2000.
The following transactions took place on July 1 2000.
(i) Paid creditors Sh 2000 by cheque.
(ii) Nyakwar Atiyo took stock worth Shs 7500 from the business for his son‘s birthday.
(iii) Motor vehicle previously owned by Nyakwar Atiyo values at sh 200,000 was converted into business vehicles.
Required: Prepare the balance sheet of Nyakwar Atiyo traders as at 2nd July 2000.
Date posted: September 2, 2019. Answers (1)
- Outline four services offered in agency banking as a trend in the banking sector.(Solved)
Outline four services offered in agency banking as a trend in the banking sector.
Date posted: September 2, 2019. Answers (1)
- Outline four role of the mass media in promoting consumer protection(Solved)
Outline four role of the mass media in promoting consumer protection
Date posted: September 2, 2019. Answers (1)
- Highlight four problems associated with monopoly market structure.(Solved)
Highlight four problems associated with monopoly market structure.
Date posted: September 2, 2019. Answers (1)
- State four reasons why diagonal communication needs to be encouraged in an organization.(Solved)
State four reasons why diagonal communication needs to be encouraged in an organization.
Date posted: September 2, 2019. Answers (1)
- The following trial balance was extracted from the books of Lule Traders on 30th April 2015.Stock as at 30.4.2015 Shs. 49,980
Required:
a) Trading, profit and Loss...(Solved)
The following trial balance was extracted from the books of Lule Traders on 30th April 2015
Stock as at 30.4.2015 Shs. 49,980
Required:
a) Trading, profit and Loss account for the year ended 30th April 2015
b) Balance sheet as at 30th April 2015
Date posted: September 2, 2019. Answers (1)
- Explain four reasons why upward communication should be encouraged in an organization.(Solved)
Explain four reasons why upward communication should be encouraged in an organization.
Date posted: September 2, 2019. Answers (1)