-Secret PIN conserves confidentiality
-Speedier delivery of cash
-Accessibility to most M.pesa retail outlets
-Affordability since cost is low
-Very secure if the right phone number is used
-Easy to use since agents assist clients
Kavungya answered the question on September 25, 2019 at 14:00
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b) Commission received
c) Bank
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a) wants are so many compared to resources
b) Once satisfied some wants are left again...(Solved)
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Date posted: September 25, 2019. Answers (1)
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Purchases...(Solved)
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Purchases Shs. 800,000
Sales Shs 950,000
Net profit 5 % of sales
Closing stock Shs 200,000
Calculate;
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(ii) The opening stock
(iii)The mark-up percentage
(iv) The net profit.
Date posted: September 25, 2019. Answers (1)
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Date posted: September 25, 2019. Answers (1)
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Date posted: September 25, 2019. Answers (1)
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June
1st: Started business worth shs 140,000 deposited into the bank accounts
2nd :...(Solved)
The following transactions took place during the month of June 2010 in Mali traders.
June
1st: Started business worth shs 140,000 deposited into the bank accounts
2nd : Bought equipments worth shs 9,000 and paid by cheque.
8th : Received shs 6500 cash fron Kariuki who oved shs 7000 in full settlement of The account.
14th : Withdrew shs. 10,000 of which shs 6000 was for office use and the rest was to
pay for his daughter’s medical bill.
15th Settled Goma supplies account in cash of kshs.10,000 at a 10 % cash discount.
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26th :Cash sales paid directly to the bank account shs. 12,000
27th :Paid Mwangi a creditor in cash sh.4200 in full settlement his account of shs 4,500
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Date posted: September 25, 2019. Answers (1)
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Date posted: September 25, 2019. Answers (1)
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2005
January 18...(Solved)
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2005
January 18 : Paid Shamisi Traders shs 17,000 by cheque less 2000 cash discount
“20 : Sold goods for sh.24,000 cash less by 5 % discount.
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Enter the above transactions in a three column cash book and balance it off.
Date posted: September 25, 2019. Answers (1)
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Outline four factors that an entrepreneur will consider when determining the most viable business opportunity.
Date posted: September 25, 2019. Answers (1)
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State four possible reasons why B demands more fish at every...(Solved)
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Date posted: September 25, 2019. Answers (1)
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The following transactions took place during the month of April 2011.
(i)Received cash Kshs 15,000 from debtors
(ii)Paid creditors Kshs...(Solved)
The following balance sheet relates to Jubilee traders.
The following transactions took place during the month of April 2011.
(i)Received cash Kshs 15,000 from debtors
(ii)Paid creditors Kshs 10,000 cash
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Prepare a balance sheet as at 30th April 2011.
Date posted: September 25, 2019. Answers (1)
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(a)Market structure determiner price for the product
(b)There...(Solved)
The condition given below describes the various market structures. Write the correct market structure against each of the conditions.
(a)Market structure determiner price for the product
(b)There is free entry and exit.
(c)Market structure with many sellers of different product.
(d)Product involved is homogeneous
Date posted: September 25, 2019. Answers (1)
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Date posted: September 25, 2019. Answers (1)
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Premises 800,000
Debtors 40,000
Bank 80,000
Creditors 70,000
Cash 60,000
Stock 62,000
Bank loan 380,000
Required:
Prepare opening journal entries to record...(Solved)
Mali had the following assets and liabilities in 1st January 2008.
Premises 800,000
Debtors 40,000
Bank 80,000
Creditors 70,000
Cash 60,000
Stock 62,000
Bank loan 380,000
Required:
Prepare opening journal entries to record the above information.
Date posted: September 25, 2019. Answers (1)
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Stock 1 -10-05 7,500
Purchases 65,000
Sales 85,000
Return inwards 1,000
Mark-up 25 %
General expenses 12,200
Required:
Prepare a trading, profit and loss...(Solved)
The following relate to Ekerubo traders as at 30/09/2006.
Stock 1 -10-05 7,500
Purchases 65,000
Sales 85,000
Return inwards 1,000
Mark-up 25 %
General expenses 12,200
Required:
Prepare a trading, profit and loss A/C for the period ended 30-9-2006
Date posted: September 25, 2019. Answers (1)