(i)When the loss is caused intentionally by the insured
(ii)When the insurance company is insolvent
(iii)If Mr. Kisuya has no insurable interest in the property
(iv)It may be because he had not insured his house against fire
(v)Late claim for compensation
(vi)Provision of false information about the property / self
(vii)Misrepresentation of facts
Kavungya answered the question on September 25, 2019 at 12:19
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(a)Goods worth sh.4,000 returned by a client
(b)Goods...(Solved)
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(a)Goods worth sh.4,000 returned by a client
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ended 30.06.2011
Prepare East Stores profit and loss account
(Solved)
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ended 30.06.2011
Prepare East Stores profit and loss account
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ended 31.12.2011
Opening stock sh.75,000
Closing stock sh.25,000
Turnover sh.900,000
Margin 25%
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The information below was extracted from the books of Ssisa Stores for the year
ended 31.12.2011
Opening stock sh.75,000
Closing stock sh.25,000
Turnover sh.900,000
Margin 25%
Determine:
(a)Gross profit
(b)Rate of Turnover
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(b)Amount of tax paid increases proportionately with...(Solved)
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(a)Tax payers pay a fixed percentage of their income as tax.
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Draw a new demand curve on the diagram above showing a decrease in demand and the effect on;
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Draw a new demand curve on the diagram above showing a decrease in demand and the effect on;
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(b)Affects buyer’s ability to buy commodities offered...(Solved)
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(a)Laws and policies that regulate business activities
(b)Affects buyer’s ability to buy commodities offered by a business
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Required:
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On 1st May 2018, Sosiot traders had Sh.25,000 Cash in hand and Bank overdraft of sh 15,000. During the month the following transactions took place.
2018
May 3: Kipkurui ,a debtor settled his account of sh 12000 by cheque of sh 10,000
May 5: Paid rent by cash sh. 5000
May 6: Deposited sh. 2000 into the business bank account from the cash till.
May 8: Received sh 6000 Cash from Kamau, a debtor
May 10: Wanjiku a debtor settled her account of 15,000 by cheque, having been
allowed 20% discount.
May 15: Purchased Furniture worth sh 3,000 paying by cheque
May 18: Deposited sh 7,000 into the bank from private sources.
May 23: Received the following amounts in cash from debtors having deducted
cash discount of 5%. Kertich sh 7600, Brian sh 4750
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Required:
Prepare a dully balanced three column cash book.
Date posted: September 25, 2019. Answers (1)
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Outline five reasons that account for this.(Solved)
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Outline five reasons that account for this.
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a)Explain five factors that may have caused the above trend.
b) Explain five causes of demand pull inflation
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