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Enter the following transactions in a single column cash book and balance it off.
(Solved)
Enter the following transactions in a single column cash book and balance it off.
2013 August 2nd commenced business with Sh. 14.000 cash and 200,000 at the bank.
2013 August 3rd made cash sales amounting to sh. 6,000
2013 August 5th received cash 16,000 from Marwa, a debtor.
2013 August 12th paid for motor expenses Sh. 7,000 in cash.
2013 August 13th drew Sh. 30,000 from bank for office use.
Date posted:
September 4, 2019
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Answers (1)
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State FOUR Ways in which advertising agencies assist in sales promotion.
(Solved)
State FOUR Ways in which advertising agencies assist in sales promotion.
Date posted:
September 4, 2019
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Answers (1)
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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
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Answers (1)
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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
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Answers (1)
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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
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Answers (1)
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Using a diagram illustrate the effects of a positive shift of a demand curve on the equilibrium point, price and quantity.
(Solved)
Using a diagram illustrate the effects of a positive shift of a demand curve on the equilibrium point, price and quantity.
Date posted:
September 3, 2019
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Answers (1)
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State four reasons why short message services (SMS) is replacing letters as a way of communication.
(Solved)
State four reasons why short message services (SMS) is replacing letters as a way of communication.
Date posted:
September 3, 2019
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Answers (1)
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State the unit of carriage for each of the following modes of transport.
(Solved)
State the unit of carriage for each of the following modes of transport.

Date posted:
September 3, 2019
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Answers (1)
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Ndovu bought 200 blankets at Sh.500 each on credit. The terms of sale were 20% trade discount, 10% quantity discount and 5% cash discount if...
(Solved)
Ndovu bought 200 blankets at Sh.500 each on credit. The terms of sale were 20% trade discount, 10% quantity discount and 5% cash discount if payment is made within two weeks. Calculate the amount paid if payment is made after one week.
Date posted:
September 3, 2019
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Answers (1)
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Using a diagram illustrate the effects of a rightward shift in supply curve on equilibrium price and quantity.
(Solved)
Using a diagram illustrate the effects of a rightward shift in supply curve on equilibrium price and quantity.
Date posted:
September 3, 2019
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Answers (1)
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The following trial balance was extracted from Milka traders on 31st Dec 2015.
(Solved)
The following trial balance was extracted from Milka traders on 31st Dec 2015.

Additional information;
Closing stock was sh. 22000
Prepare Milka traders Trading, profit and loss account for the year ending 31/12/2015.
Date posted:
September 3, 2019
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Answers (1)
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Outline four ways in which firms contribute to National income of a country.
(Solved)
Outline four ways in which firms contribute to National income of a country.
Date posted:
September 3, 2019
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Answers (1)
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Using the accounting equation, fill in the missing figures in the following table.
(Solved)
Using the accounting equation, fill in the missing figures in the following table.

Date posted:
September 3, 2019
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Answers (1)
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Give four reasons that make insurance companies decline to insure acts of nature.
(Solved)
Give four reasons that make insurance companies decline to insure acts of nature.
Date posted:
September 3, 2019
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Answers (1)
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State four circumstances under which photocopying may be used to reproduce documents in a school.
(Solved)
State four circumstances under which photocopying may be used to reproduce documents in a school.
Date posted:
September 3, 2019
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Answers (1)
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On 1st of October 2009 Sambu bought goods on credit quoted at Kshs.240,000. Terms of sales were 20% trade discount and 10% cash discount if...
(Solved)
On 1st of October 2009 Sambu bought goods on credit quoted at Kshs.240,000. Terms of sales were 20% trade discount and 10% cash discount if payment was made on 29TH October 2009. Calculate the amount paid if payment was made on 26th October 2009.
Date posted:
September 2, 2019
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Answers (1)
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Mention four factors that may have caused the Demand curve to shift to the right.
(Solved)
Mention four factors that may have caused the Demand curve to shift to the right.

Date posted:
September 2, 2019
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Answers (1)
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The following trial balance was extracted from the ledgers of Baraka Traders for the year ended 31st December 2015.
(Solved)
The following trial balance was extracted from the ledgers of Baraka Traders for the year ended 31st December 2015.

On 31st December 2015, the business had closing stock valued at Shs. 60,000.
Required:
(i) The Trading, Profit and Loss Account for the year ended 31st December 2015.
(ii) A Balance Sheet as at that date.
Date posted:
September 2, 2019
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Answers (1)
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Record the following transactions in Akili Traders‘ Three-Column Cashbook and balance it off on 31st January 2015.Jan 1 Balance b/d Cash Kshs. 200,000 Dr.Bank –...
(Solved)
Record the following transactions in Akili Traders‘ Three-Column Cashbook and balance it off on 31st January 2015.
Jan 1 Balance b/d Cash Kshs. 200,000 Dr.
Bank – Kshs. 15,000Cr
Jan 2 Cash sales Kshs. 145,000
Jan 6 Paid for motor expenses Kshs. 2,000
Jan 7 Paid salaries in cash Kshs. 50,000
Jan 9 Bought stationeries in cash Kshs. 1,000
Jan 14 Settled Kalyet‘s account of Kshs. 60,000 by cheque less 3% cash discount.
Jan 18 Received a cheque of 84,600 from Koech after deducting 10% cash discount.
Jan 21 Cash sales paid direct into the bank 340,000
Jan 23 Kaigat settled his account of 2,600 by cheque after deducting 5% cash discount.
Jan 24 Received cheque from the following debtors after deducting 10% discount in each case;
Chuma Kshs, 3,000, Buko 28,000 and Matapei 9,000
Jan 25 Paid consultancy salaries in cash Shs. 2,000
Jan 29 Credit purchase of Shs. 10,000
Jan 31 Banked all except 4,200
Date posted:
September 2, 2019
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Answers (1)
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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
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Answers (1)