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- For each of the following cases, identify the motives for holding money
a) To meet daily transport expenses
b) To meet any unforeseen circumstances
c) To take advantage...(Solved)
For each of the following cases, identify the motives for holding money
a) To meet daily transport expenses
b) To meet any unforeseen circumstances
c) To take advantage of fall in share prices
d) To pay for any food requirements
Date posted: September 25, 2019. Answers (1)
- Outline four circumstances under which a trader would use porters to transport goods.(Solved)
Outline four circumstances under which a trader would use porters to transport goods.
Date posted: September 25, 2019. Answers (1)
- The following assets and liabilities belong to Mumbi as at 31.21.08
Stock sh. 90,000
Land sh. 130,000
Creditors sh. 65,000
a)Calculate capital
b)In Jan, 2009 stock costing shy.30,000 was sold for sh.36,000 cash....(Solved)
The following assets and liabilities belong to Mumbi as at 31.21.08
Stock sh. 90,000
Land sh. 130,000
Creditors sh. 65,000
a)Calculate capital
b)In Jan, 2009 stock costing shy.30,000 was sold for sh.36,000 cash. Prepare a new balance sheet as at 31.1.09.
Date posted: September 25, 2019. Answers (1)
- Outline four circumstances under which a country may engage in trade restriction.(Solved)
Outline four circumstances under which a country may engage in trade restriction.
Date posted: September 25, 2019. Answers (1)
- 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...(Solved)
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)
- 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...(Solved)
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)
- Outline four measures which the government can take to encourage location of firms in an area.(Solved)
Outline four measures which the government can take to encourage location of firms in an area.
Date posted: September 25, 2019. Answers (1)
- Ukweli enterprises has a working capital of sh.200,000 and a current ratio of 3:1.Calculate
(i)Current assets
(ii)Current liabilities(Solved)
Ukweli enterprises has a working capital of sh.200,000 and a current ratio of 3:1.Calculate
(i)Current assets
(ii)Current liabilities
Date posted: September 25, 2019. Answers (1)
- The following diagram shows demands and supply carve of commodity.
State four things that will happen if the supply of the commodity is increased while demand...(Solved)
The following diagram shows demands and supply carve of commodity.
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)
- Mention five reasons why M-Pesa is becoming a very popular means of payment in Kenya.(Solved)
Mention five reasons why M-Pesa is becoming a very popular means of payment in Kenya.
Date posted: September 25, 2019. Answers (1)
- Identify four circumstances under which communication may be ineffective .(Solved)
Identify four circumstances under which communication may be in effective .
Date posted: September 25, 2019. Answers (1)
- Highlight four reasons why a country would like to know the structure of it’s population.(Solved)
Highlight four reasons why a country would like to know the structure of it’s population.
Date posted: September 25, 2019. Answers (1)
- 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(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)
- Yator and Korir have been trading partners. Yator decided to breakaway from the partnership and commence his own business. State four benefits that he...(Solved)
Yator and Korir have been trading partners. Yator decided to breakaway from the partnership and commence his own business. State four benefits that he will derive from the undertaking.
Date posted: September 25, 2019. Answers (1)
- State the characteristics of human wants that suit the following statements.
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.
a) wants are so many compared to resources
b) Once satisfied some wants are left again and again
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)
- With the aid of a diagram, explain the effects of an increase in supply to equilibrium price and quantity of commodity. (Solved)
With the aid of a diagram, explain the effects of an increase in supply to equilibrium price and quantity of commodity.
Date posted: September 25, 2019. Answers (1)
- Bitare S.D.A is a new Secondary School. The Principal wishes to introduce filing of documents in the school. Explain five factors that she will consider...(Solved)
Bitare S.D.A is a new Secondary School. The Principal wishes to introduce filing of documents in the school. Explain five factors that she will consider before choosing a filing system.
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)
- The use of motor cycles transport is becoming very popular in both rural and urban areas of Kenya. Explain the limitation a business that relies...(Solved)
The use of motor cycles transport is becoming very popular in both rural and urban areas of Kenya. Explain the limitation a business that relies on its use is likely to encounter.
Date posted: September 25, 2019. Answers (1)