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i. Business structure
ii. Demographic
iii. Physical
iv. Technological
sharon kalunda answered the question on September 4, 2019 at 11:16
- Record the following transactions in a two column cash bookand balance it off as at January 12th2008 January 1 Started business with capital sh. 10,000...(Solved)
Record the following transactions in a two column cash bookand balance it off as at January 12th2008
January 1 Started business with capital sh. 10,000 cash and sh. 25,000 bank overdraft
January 2 bought stock in cash sh. 6,000
January 3 cash sales sh. 2,500
January 7 bought stock worth sh. 5,000 on credit
January 12 withdrew cash from bank for office use sh. 4,000
Date posted: September 4, 2019. Answers (1)
- Atemo is the head of the marketing team at ABC Company that has recorded tremendous increase in volume of sales over the last four years....(Solved)
Atemo is the head of the marketing team at ABC Company that has recorded tremendous increase in volume of sales over the last four years. Highlight four attributes that she possess.
Date posted: September 4, 2019. Answers (1)
- The following balances were extracted from the books of Asena Enterprises on 30th June, 2006. ...(Solved)
The following balances were extracted from the books of Asena Enterprises on 30th June, 2006.
Shs.
Gross profit........................... 120,000
Rent Income ............................100,000
Dividends received..................... 200,000
Salaries................................ 300,000
Carriage outwards........................ 10,300
Discount allowed .........................21,000
Prepare Asena's Enterprises profit and loss account for the year ended 30th June,2006.
Date posted: September 4, 2019. Answers (1)
- Study the diagrams below and answer the question that follows:-
State the factors that may cause the above change from diagram (i) to (ii)(Solved)
Study the diagrams below and answer the question that follows:-
State the factors that may cause the above change from diagram (i) to (ii)
Date posted: September 4, 2019. Answers (1)
- The following information was extracted from MaweMbili traders for the year ended 31st December, 2015
...(Solved)
The following information was extracted from MaweMbili traders for the year ended 31st December, 2015
KSH
Machinery ..................460,000
Cash in hand................ 80,000
Debtors ....................130,000
Creditors ...................60,000
Prepaid salaries............ 20,000
4 year loan .................280,000
Accrued rent ................30,000
Required:
Prepare a balance sheet of Mawembili traders as at 31st December, 2015
Date posted: September 4, 2019. Answers (1)
- The following transactions took place in the business of Darasile Traders in Kisumu year 2013.July 1st: Started business with capital in cash Kshs.150,000.July 2th: Opening...(Solved)
The following transactions took place in the business of Darasile Traders in Kisumu year 2013.
July 1st: Started business with capital in cash Kshs.150,000.
July 2th: Opening a bank account and deposited Kshs.30,000.
July 3th: Bought buildings in cash Kshs.60,000.
July 4th: Borrowed a loan in cash Kshs.20,000.
July 5th: Bought stationery by cheque worth Kshs.6,000.
July 6th: Repaid part of the loan by cheque Kshs.10,000.
Required:
(i) Record the above transactions in their various ledger accounts.
(ii) Prepare a trial balance.
Date posted: September 4, 2019. Answers (1)
- The following information relates to Murang‘a traders for the year ended 30th September 2006.
Prepare the business trading account for the year ended 30th Sep 2006.(Solved)
The following information relates to Murang‘a traders for the year ended 30th September 2006.
Prepare the business trading account for the year ended 30th Sep 2006.
Date posted: September 4, 2019. Answers (1)
- The following information relates to Kuwa‘s business for the year ended 31st May 2010.
Net profit Sh.20,000
Working capital Sh.30,000
Return on capital 20%
Employed
Determine the value of:
(a) Capital...(Solved)
The following information relates to Kuwa‘s business for the year ended 31st May 2010.
Net profit Sh.20,000
Working capital Sh.30,000
Return on capital 20%
Employed
Determine the value of:
(a) Capital employed.
(b) Fixed assets.
Date posted: September 4, 2019. Answers (1)
- Identify the legislation meant to protect consumers that each of the following description refers to.
Description Legislation
(a) Ensures that traders or producers do not cheat...(Solved)
Identify the legislation meant to protect consumers that each of the following description refers to.
Description Legislation
(a) Ensures that traders or producers do not cheat consumers by giving false descriptions of goods.
(b) Prohibits traders and manufacturers from including substance that might harm consumers in a product.
(c) Ensures that all weighing equipment are correct and accurate.
(d) Ensures that the landlord‘s do not overcharge their tenants.
Date posted: September 4, 2019. Answers (1)
- Indicate the type of journal in which each of the following transactions would be recorded.(Solved)
Indicate the type of journal in which each of the following transactions would be recorded.
Date posted: September 4, 2019. Answers (1)
- Write the account to debit and credit in the following transactions written below.(Solved)
Write the account to debit and credit in the following transactions written below.
Date posted: September 4, 2019. Answers (1)
- Indicate the type of insurance losses described by the following circumstances.
(a) Matter insured is not completely destroyed but cost of salvage is more than the...(Solved)
Indicate the type of insurance losses described by the following circumstances.
(a) Matter insured is not completely destroyed but cost of salvage is more than the wreckage.
(b) Loss occurring by deliberate action of the ship master to save the screw.
(c) Loss occurring on a ship accidentally.
(d) Loss occurring and the matter insured is completely lost.
Date posted: September 4, 2019. Answers (1)
- The following information relate to Sika Investment Ltd for the year ended 30th June 1997.
Required:
Prepare Sika Investment Ltd balance sheet as at 30th June 1997.(Solved)
The following information relate to Sika Investment Ltd for the year ended 30th June 1997.
Required:
Prepare Sika Investment Ltd balance sheet as at 30th June 1997.
Date posted: September 4, 2019. Answers (1)
- Highlight four reasons why mail order business is not very popular in Kenya.(Solved)
Highlight four reasons why mail order business is not very popular in Kenya.
Date posted: September 4, 2019. Answers (1)
- Highlight four advantages of having inland container depots (ICDS) in Nairobi, Kisumu, Eldoret and Malaba.(Solved)
Highlight four advantages of having inland container depots (ICDS) in Nairobi, Kisumu, Eldoret and Malaba.
Date posted: September 4, 2019. Answers (1)
- The following trial balance was extracted from the Books of Kabati Traders on December 31st 2012.
Stock on 31st December 2012 Sh. 35,000
Prepare the Trading, Profit...(Solved)
The following trial balance was extracted from the Books of Kabati Traders on December 31st 2012.
Stock on 31st December 2012 Sh. 35,000
Prepare the Trading, Profit and Loss Account for the period ended 31st December 2012 and a balance sheet as at that date.
Date posted: September 4, 2019. Answers (1)
- On 1st July 2011, Maranga had cash at Bank sh. 136,500 and cash in hand sh. 3,250. (Solved)
On 1st July 2011, Maranga had cash at Bank sh. 136,500 and cash in hand sh. 3,250. During the month, the following transactions took place.
July 2: Cash sales Sh. 42,630 paid directly into bank.
July 3: Received a cheque for Sh. 14,100 from Murungi in full settlement of a debt.
July 8: Bought goods for Sh. 26,240 and paid by cheque.
July 12: Cash sales 42,450.
July 14: Paid Ochako by cheque Sh. 23,750 in full settlement of his account less 5% cash discount.
July 15: Paid wages Sh. 24,000 in cash.
July 16: Withdrew sh. 36,000 from bank for office use.
July 18: Bought stationary in cash Sh. 750.
July 20: Cheque received from Murungi was dishonoured.
July 28: Paid salaries by cheque for Sh. 48,600.
July 30: All cash was banked except Sh. 5,000.
Required: Prepare a Three-Column Cashbook duly balanced.
Date posted: September 3, 2019. Answers (1)
- For each of the following situations, name the most suitable means of payment to be used.(Solved)
For each of the following situations, name the most suitable means of payment to be used.
Date posted: September 3, 2019. Answers (1)
- Indicate using a tick (v) the type of balance that each of the following accounts usually has.(Solved)
Indicate using a tick (√) the type of balance that each of the following accounts usually has.
Date posted: September 3, 2019. Answers (1)
- The following information relates to Amani Traders for the period ended 30th April 2012.Prepare Amani Traders‘ Trading Account.(Solved)
The following information relates to Amani Traders for the period ended 30th April 2012.
Prepare Amani Traders‘ Trading Account.
Date posted: September 3, 2019. Answers (1)