The following balances were extracted from the books of Nakuru Enterprises as at 30th June, 2016.

      

The following balances were extracted from the books of Nakuru Enterprises as at 30th June, 2016.



Prepare;

i) Nakuru Enterprises profit and loss account for the year ended 30th June 2016.

ii) Nakuru Enterprises Balance sheet as at 30th June 2016.

  

Answers

---

i)

ii)

---

marto answered the question on September 13, 2019 at 11:43

Next: When transplanting a seedling, it is advisable to remove some of the leaves. Explain
Previous: The following are short messages (sms) on cell phone communication between Mrs. Mkenzie and her husband. They can be used as analogies of gene mutation.

View More Business Studies Questions and Answers | Return to Questions Index

Exams With Marking Schemes

• Grade 1
• Grade 2
• Grade 3
• Grade 4
• Grade 5
• Grade 6
• Grade 7
• Grade 8
• Grade 9
• PP1
• PP2
• Playgroup
• Form 1
• Form 2
• Form 3
• Form 4

Related Questions

---

• Demand for bananas in a certain market has been declining over time. Explain four factors that may be responsible for this trend.(Solved)
  

  Demand for bananas in a certain market has been declining over time.
  
  Explain four factors that may be responsible for this trend.

  Date posted: September 13, 2019.  Answers (1)

• Explain five ways through which the Central Bank regulates economic activities in the Country.(Solved)
  

  Explain five ways through which the Central Bank regulates economic activities in the Country.
  

  Date posted: September 13, 2019.  Answers (1)

• On 1st march 2017 Kamau had cash in hand Ksh 7,800 and a bank overdraft of Ksh 24,300.(Solved)
  

  On 1st march 2017 Kamau had cash in hand Ksh 7,800 and a bank overdraft of Ksh 24,300.During the month, the following transactions took place
  March 3 cash sales paid directly into the bankKsh 16,500
  4 bought goods for Ksh 15,000 and paid by cheque
  6 cash sales Ksh. 50,000
  9 received a cheque of ksh 18,000 from Amolo in full settlement of his debt
  13 paid insurance premiums of Ksh 16,000 in cash
  15 paid Kamotho by cheque Ksh 9,700 in full settlement of his account less 3% cash discount
  21 withdrew Ksh 30,000 from bank for office use
  24 received a cheque of Ksh23,750 from Rotich in full settlement of his account less 5% cash discount
  25 paid wages in cash Ksh 20,000
  30 banked all cash except Ksh 3,000
  
  Required: prepare a three column cash book
  

  Date posted: September 13, 2019.  Answers (1)

• The following trial balance was extracted from the books of J.B. Traders as at 31^st Dec. 2014.Stock on 31/12/2014 was valued at sh. 13,000Required: Prepare...(Solved)
  

  The following trial balance was extracted from the books of J.B. Traders as at 31^st Dec. 2014.
  
  Stock on 31/12/2014 was valued at sh. 13,000
  Required: Prepare a Trading Profit and Loss account for the period ended 31/12/2014

  Date posted: September 5, 2019.  Answers (1)

• Luanda Traders had the following balances at 1^st Jan 2015 Cash Sh. 180,000 (Dr.) Bank Sh. 67,000 (Cr.) During the month of Jan 2015, the...(Solved)
  

  Luanda Traders had the following balances at 1^st Jan 2015 Cash Sh. 180,000 (Dr.) Bank Sh. 67,000 (Cr.) During the month of Jan 2015, the following transaction took place;
  
  Jan 2 cash sales Sh. 14,500
  Jan 6 Mwangi a debtor settled his account of Sh. 45,000 by cheque less 5% cash discount
  Jan 8 Sold goods on credit with Sh. 25,000
  Jan 14 Paid salaries in cash 50,000
  Jan 18 Settled Laboso‘s account of 60,000 by cheque less 3% cash discount.
  Jan 21 Received a cheque of 84,000 from Rotich after deducting 10% cash discount
  Jan22 Cash purchases paid by cheque sh. 65,000
  Jan 24 Cash sales worth 340,000 directly banked Sh. 300,000 cash into the account
  Jan 28 Took cash 39,000 for children‘s school fees
  Jan 31 Banked all cash except Sh. 36,000
  
  Prepare a dully balanced three column cash book

  Date posted: September 5, 2019.  Answers (1)

• Outline three ways through which the competitive environment would positively influence a business enterprise.(Solved)
  

  Outline three ways through which the competitive environment would positively influence a business enterprise.

  Date posted: September 5, 2019.  Answers (1)

• Outline four fiscal measures that are used by government to control inflation.(Solved)
  

  Outline four fiscal measures that are used by government to control inflation.

  Date posted: September 5, 2019.  Answers (1)

• Outline four factors that can hinder timely implementation of a development plan.(Solved)
  

  Outline four factors that can hinder timely implementation of a development plan.

  Date posted: September 5, 2019.  Answers (1)

• Outline the procedure of balancing a ledger account.(Solved)
  

  Outline the procedure of balancing a ledger account.

  Date posted: September 5, 2019.  Answers (1)

• Give four reasons why free trade is not suitable to a developing country.(Solved)
  

  Give four reasons why free trade is not suitable to a developing country.

  Date posted: September 5, 2019.  Answers (1)

• The following information was extracted from the books of Bizna Traders for the month ended 29^th February 2016. Required : Prepare a profit and loss account for...(Solved)
  

  The following information was extracted from the books of Bizna Traders for the month ended 29^th February 2016.
  
  Shs.
  Rent received ...........................4,000
  Discount allowed .........................10,155
  Discount received ........................5,144
  Gross profit............................. 23,005
  Carriage outwards........................ 6,000
  Salaries ................................19,637
  Depreciation expenses ...................2,000
  
  Required :
  Prepare a profit and loss account for the business for the month ended 29^th Feb.2016

  Date posted: September 5, 2019.  Answers (1)

• On 1^st April 2015, Nyamothe Retailers has sh.20,000 in cash and sh.45,000 at bank. During the month of April the following transactions took place : Required...(Solved)
  

  On 1^st April 2015, Nyamothe Retailers has sh.20,000 in cash and sh.45,000 at bank. During the month of April the following transactions took place :
  
  April 2nd Credit sales to Juma sh.5,000
  April 12^th Cash sales directly banked sh.15,000
  April 16^th Paid rent 8,000 and wages 2,000 all in cash
  April 18^th Credit purchases from Kamau 20,000
  April 20^th Paid telephone bills by cheque shs.12,000
  April 29^th Deposited all the cash into bank except sh.1000
  
  Required :
  Prepare dully balanced two column cash book.

  Date posted: September 5, 2019.  Answers (1)

• The following balances were extracted from the books of Murungari General stores. Required : Prepare a balance sheet as at 30^th April 2014.(Solved)
  

  The following balances were extracted from the books of Murungari General stores.
  
  shs.
  Premises ..............................................350,000
  Creditors .............................................150,000
  5yrs bank loan........................................ 100,000
  Motor vehicle .........................................200,000
  Bank overdraft ........................................250,000
  Stock .................................................170,000
  Debtors ................................................120,000
  Cash ..................................................60,000
  Prepaid rent ..........................................22,000
  Capital ..................................................?
  
  Required :
  Prepare a balance sheet as at 30^th April 2014.

  Date posted: September 5, 2019.  Answers (1)

• Highlight four circumstances for using the short message service (SMS) to communicate.(Solved)
  

  Highlight four circumstances for using the short message service (SMS) to communicate.

  Date posted: September 5, 2019.  Answers (1)

• The following transactions took place in the month of January 2015 for Karuku Retailers. Jan 12^th Sales to Juma worth shs.200,000 invoice no. 231 Jan 20^th Sales...(Solved)
  

  The following transactions took place in the month of January 2015 for Karuku Retailers.
  
  Jan 12^th Sales to Juma worth shs.200,000 invoice no. 231
  Jan 20^th Sales to Kiama worth sh.150,000
  Jan 26^th Sales to Mercy worth sh.125,000
  Required : A sales journal for Karuku.

  Date posted: September 5, 2019.  Answers (1)

• The following statements refer to different office layouts. Identify the type of office layout explained in the following statements. a) All staff members operate from...(Solved)
  

  The following statements refer to different office layouts. Identify the type of office layout explained in the following statements.
  a) All staff members operate from the same room
  b) Senior managers are assigned separate rooms from where they coordinate activities.
  c) High class office designed to enhancing the image of the organisation.

  Date posted: September 5, 2019.  Answers (1)

• Identify the type of goods described by the following statements given in the table.(Solved)
  

  Identify the type of goods described by the following statements given in the table.
  

  Date posted: September 5, 2019.  Answers (1)

• The following information was extracted from the books of Ambwere Trader for the year ended 31^st Dec 2015. Cost of sales ......................................1,200,000 Stock as at 1.1.2015...(Solved)
  

  The following information was extracted from the books of Ambwere Trader for the year ended 31^st Dec 2015.
  
  Cost of sales ......................................1,200,000
  Stock as at 1.1.2015 ..............................160,000
  Stock as at 31.12. 2015 .............................240,000
  Calculate the rate of stock turn over

  Date posted: September 5, 2019.  Answers (1)

• The following balances were extracted from the books of Mungoma Traders as at 31st Dec 2015. Prepare a balance sheet for Mungoma Traders as at 31^st...(Solved)
  

  The following balances were extracted from the books of Mungoma Traders as at 31st Dec 2015.
  
  Motor Vehicles.................................... 80,000
  Plant and Machinery............................... 70,000
  Loan from bank ....................................60,000
  Stock .............................................25,000
  Debtors ...........................................30,000
  Creditors .........................................15,000
  Cash at Bank .......................................20,000
  
  Prepare a balance sheet for Mungoma Traders as at 31^st Dec.2015.

  Date posted: September 5, 2019.  Answers (1)

• For each case of the following cases, name the motive for holding Money(Solved)
  

  For each case of the following cases, name the motive for holding Money
  

  Date posted: September 5, 2019.  Answers (1)