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-Indirect taxes cannot be evaded as payment is made with purchases
-They stimulate effects as people shift to maintain their living standards
-They are more broad based (cover more people)
-They are cheaper to administer
-Indirect taxes are more equitable since all consumer tend to pay an equal amount per unit consumed.
Kavungya answered the question on September 25, 2019 at 08:47
- The following balances were obtained from the books of Nakhulo Traders on 31st Dec 2011
Additional information
(i)Closing stock was valued at sh.72,000
(ii)Telephone charges prepaid shs.1100
(iii)Outstanding water...(Solved)
The following balances were obtained from the books of Nakhulo Traders on 31st Dec 2011
Additional information
(i)Closing stock was valued at sh.72,000
(ii)Telephone charges prepaid shs.1100
(iii)Outstanding water bill shs. 1300
(iv)Depreciation on equipment is 10% on cost carried inwards shs.11,000, carried outwards shs.10,000
Prepare;
Trading, profit and loss account for year ended 31st Dec 2011.
Date posted: September 25, 2019. Answers (1)
- Explain the benefits of the new East African cooperation to Kenya.(Solved)
Explain the benefits of the new East African cooperation to Kenya.
Date posted: September 25, 2019. Answers (1)
- Explain five roles of the Nairobi stock Exchanged market in the Kenyan economy.(Solved)
Explain five roles of the Nairobi stock Exchanged market in the Kenyan economy.
Date posted: September 25, 2019. Answers (1)
- The following trial balance was extracted from the books of Bumala traders on 31st Dec 2011
Additional information;
(i)Stock as at 31st December 2011 shs 52,000
(ii)Rent...(Solved)
The following trial balance was extracted from the books of Bumala traders on 31st Dec 2011
Additional information;
(i)Stock as at 31st December 2011 shs 52,000
(ii)Rent accrued shs. 6,000
(iii)Insurance paid in advanced sh.4,000
(iv)Commission due shs.5,000
(v)Salaries along shs.21,000
Required;
(a)Trading, profit and lost account for the year ended 31st December 2011.
(b)Balance sheet as at that date
Date posted: September 25, 2019. Answers (1)
- Globalization is a term often used to donate business ownership and spread .Outline four merits of globalization of business units.(Solved)
Globalization is a term often used to donate business ownership and spread .Outline four merits of globalization of business units.
Date posted: September 25, 2019. Answers (1)
- For each of the following transactions indicate in the appropriate columns the source documents and the books of original entry in which the transactions should...(Solved)
For each of the following transactions indicate in the appropriate columns the source documents and the books of original entry in which the transactions should be recorded.
Date posted: September 25, 2019. Answers (1)
- Complete the table below(Solved)
Complete the table below
Date posted: September 25, 2019. Answers (1)
- Highlight four difficulties encountered in international trade(Solved)
Highlight four difficulties encountered in international trade
Date posted: September 25, 2019. Answers (1)
- The following information relates to Alex traders .Determine the missing figures(Solved)
The following information relates to Alex traders .Determine the missing figures
Date posted: September 25, 2019. Answers (1)
- Outline four advantages of partitioned office layout.(Solved)
Outline four advantages of partitioned office layout.
Date posted: September 25, 2019. Answers (1)
- The following assets and liabilities belong to Munyasia stores as at 31st Marc h 2005.
Buildings sh 200,000, Debtors sh 8,000, creditors sh 32,000, stock sh24,000,...(Solved)
The following assets and liabilities belong to Munyasia stores as at 31st Marc h 2005.
Buildings sh 200,000, Debtors sh 8,000, creditors sh 32,000, stock sh24,000, call at bank sh 120,000, cash in hand sh 40,000 loan from HFCK sh 100,000 and capital sh 260,000.
During the month of April 2005 the following transactions took place
April 1 – sold goods worth sh 2100 cash
2 – Paid creditors sh 8000 cash
10 – Received sh 2000 from debtors cash.
15 – Bought a motor van sh 350,000 paying by cheque.
Prepare a balance sheet as at 15th April 2005
Date posted: September 25, 2019. Answers (1)
- State four reasons why the government imposes taxes.(Solved)
State four reasons why the government imposes taxes.
Date posted: September 25, 2019. Answers (1)
- Highlight four reasons why a country would rely more on primary level of production.(Solved)
Highlight four reasons why a country would rely more on primary level of production.
Date posted: September 25, 2019. Answers (1)
- Juma Munyacia sells all his goods at 25% above cost. His books gave the following information
as at 31st December 2004.
Stock 1st January 2004 ...(Solved)
Juma Munyacia sells all his goods at 25% above cost. His books gave the following information
as at 31st December 2004.
Stock 1st January 2004 98,720
Stock 31st December 2004 126,000
Sales for the year 600,000
Calculate the profit made by Munyalia
Date posted: September 25, 2019. Answers (1)
- State four benefits that people from your area may receive from business enterprise(Solved)
State four benefits that people from your area may receive from business enterprise
Date posted: September 25, 2019. Answers (1)
- Give four reasons for popularity of consumer parcel service.(Solved)
Give four reasons for popularity of consumer parcel service.
Date posted: September 25, 2019. Answers (1)
- Highlight four factors that determine the size of a firm.(Solved)
Highlight four factors that determine the size of a firm.
Date posted: September 25, 2019. Answers (1)
- Highlight four factors that may be considered by an insurance firm before determining Premiums to be charged for life assurance policy.(Solved)
Highlight four factors that may be considered by an insurance firm before determining Premiums to be charged for life assurance policy.
Date posted: September 25, 2019. Answers (1)
- The following correspondence has been received in the mail room, state the department to which each correspondence would be sent.(Solved)
The following correspondence has been received in the mail room, state the department to which each correspondence would be sent.
Date posted: September 25, 2019. Answers (1)
- Name the four ways through which consumers can be cheated in their dealings with traders.(Solved)
Name the four ways through which consumers can be cheated in their dealings with traders.
Date posted: September 25, 2019. Answers (1)