-Correct unfavorable Balance of payment
-Control dumping
-Create employment in the local economy
-General revenue from the customs taxes
-Promote independent and sovereign status
-Protection of local infant industries
Kavungya answered the question on September 25, 2019 at 14:25
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Kenya has been hard hit by H.e.p shortages in the recent past. State four alternative energy sources which should be promoted to meet the following demand.
Date posted: September 25, 2019. Answers (1)
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On 1.1.09 the cash book of Kimende traders Cash and Bank balances of sh.3,500 and sh.20,000 respectively. The following transactions took place in the month.
-Jan 6,Cash sales sh.12,500
-15,Receives a cheque of sh.45,000 from a debtor after deducting a 10% discount.
-31,Paid a creditor sh.28,500 after deducting 5%discount
-31,Banked all cash leaving a balance of sh.100 in the cash till
-Prepare a three column cash book.
Date posted: September 25, 2019. Answers (1)
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Date posted: September 25, 2019. Answers (1)
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(i)Current assets
(ii)Current liabilities(Solved)
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(i)Current assets
(ii)Current liabilities
Date posted: September 25, 2019. Answers (1)
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State four things that will happen if the supply of the commodity is increased while demand...(Solved)
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State four things that will happen if the supply of the commodity is increased while demand remains constant
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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a) Waswa, a debtor
b) Commission received
c) Bank
d)Purchases(Solved)
For each of the following accounts title, Indicate whether it is real, nominal or personal
a) Waswa, a debtor
b) Commission received
c) Bank
d)Purchases
Date posted: September 25, 2019. Answers (1)
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Date posted: September 25, 2019. Answers (1)
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a) wants are so many compared to resources
b) Once satisfied some wants are left again...(Solved)
State the characteristics of human wants that suit the following statements.
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c) satisfaction of a given want gives rise to another
e) Everybody needs them in one form or another
Date posted: September 25, 2019. Answers (1)
- Ekerubo shop sells all its goods at a margin of 20 % for the year ended 30th April 2006, the trading activities were as follows;
Purchases...(Solved)
Ekerubo shop sells all its goods at a margin of 20 % for the year ended 30th April 2006, the trading activities were as follows;
Purchases Shs. 800,000
Sales Shs 950,000
Net profit 5 % of sales
Closing stock Shs 200,000
Calculate;
(i) The gross profit
(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)
- 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 :...(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.
24th :Purchased stationery for shs 20,000 paid by cheque.
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
30th :Cash taking for the day shs. 3,800
Enter the above transactions in relevant cash book as at 30th June 2010 and balance it off.
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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2005
January 18...(Solved)
On 1st January 2007, Nancy Traders had shs 8000 in cash and sh. 60,000 at bank. During the month, the following transactions took place.
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.
“29: Banked all the cash except 6,200.
Required:
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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Date posted: September 25, 2019. Answers (1)