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- The following was obtained from the Books of Keino Traders.
Calculate:-
(i) Cost of goods sold.
(ii) Net sales
(iii) Gross profit(Solved)
The following was obtained from the Books of Keino Traders.
Calculate:-
(i) Cost of goods sold.
(ii) Net sales
(iii) Gross profit
Date posted: September 2, 2019. Answers (1)
- Chetambe retail shop carried out the transactions given in the table below. For each transaction, state the source of document and respective book of original...(Solved)
Chetambe retail shop carried out the transactions given in the table below. For each transaction, state the source of document and respective book of original entry.
Date posted: September 2, 2019. Answers (1)
- An entrepreneur may spot a gap in the market which may be converted into a business idea. Name four such gaps.(Solved)
An entrepreneur may spot a gap in the market which may be converted into a business idea. Name four such gaps.
Date posted: September 2, 2019. Answers (1)
- National income from expenditure approach is calculated as follows:
NI = C + I + G + (X-M)
State the meaning of the following:
(i) C
(ii) I:
(iii)...(Solved)
National income from expenditure approach is calculated as follows:
NI = C + I + G + (X-M)
State the meaning of the following:
(i) C
(ii) I:
(iii) G
(iv) X-M:
Date posted: September 2, 2019. Answers (1)
- Sherry traders had the following assets and liabilities as at 1st January 2004.
For the year ended 31st December 2004,
(i) Additional capital was Shs. 24,000
(ii) Drawings...(Solved)
Sherry traders had the following assets and liabilities as at 1st January 2004.
For the year ended 31st December 2004,
(i) Additional capital was Shs. 24,000
(ii) Drawings were Shs. 20,000
(iii) Net profit was Shs. 34,000
Determine the capital as at 31st December 2004.
Date posted: September 2, 2019. Answers (1)
- The following balances were obtained from the Books of Mtema Traders as at 31st July 2010.(Solved)
The following balances were obtained from the Books of Mtema Traders as at 31st July 2010.Prepare a trial balance as at 31st July 2010.
Date posted: September 2, 2019. Answers (1)
- Outline four challenges that a distributor of fresh milk is likely to face in his / her operations.(Solved)
Outline four challenges that a distributor of fresh milk is likely to face in his / her operations.
Date posted: September 2, 2019. Answers (1)
- Highlight four ways in which HIV/AIDS prevalence has negatively affected business activities.(Solved)
Highlight four ways in which HIV/AIDS prevalence has negatively affected business activities.
Date posted: September 2, 2019. Answers (1)
- State four auxiliary services to business.(Solved)
State four auxiliary services to business.
Date posted: September 2, 2019. Answers (1)
- The following information was extracted from the books of Umeme Traders as at 31st December 2009.
Prepare:
(i) Profit and loss account for the year ended 31st...(Solved)
The following information was extracted from the books of Umeme Traders as at 31st December 2009.
Prepare:
(i) Profit and loss account for the year ended 31st December 2009.
(ii) Balance sheet as at 31st December 2009.
Date posted: September 2, 2019. Answers (1)
- 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)