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a)To reward capital as a factor of production.
b)To take care of loss in money value over time.
c)To limit the amount borrowed.
d)To shorten the credit period.
e)To raise incomes for the lenders.
Kavungya answered the question on September 26, 2019 at 05:35
- Indicate the type of utility created by each of the given commercial activities.
a)Making chairs from timber
b)Storing chairs in a workhouse
c)Transporting chairs to the market
d)Selling...(Solved)
Indicate the type of utility created by each of the given commercial activities.
a)Making chairs from timber
b)Storing chairs in a workhouse
c)Transporting chairs to the market
d)Selling chairs to customers
Date posted: September 26, 2019. Answers (1)
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REQUIRED
(i)Prepare a trading profit and loss account
(ii)Prepare a balance sheet as at 30th...(Solved)
The following trial balance belongs to Kipevu trades as at 30th June, 2004.
REQUIRED
(i)Prepare a trading profit and loss account
(ii)Prepare a balance sheet as at 30th June 2004
Date posted: September 26, 2019. Answers (1)
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in the process of baking bread in his factory.(Solved)
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Date posted: September 26, 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) 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)
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Outline four circumstances under which a trader would use porters to transport goods.
Date posted: September 25, 2019. Answers (1)
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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)
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Outline four circumstances under which a country may engage in trade restriction.
Date posted: September 25, 2019. Answers (1)
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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
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-Prepare a three column cash book.
Date posted: September 25, 2019. Answers (1)
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Outline four measures which the government can take to encourage location of firms in an area.
Date posted: September 25, 2019. Answers (1)
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(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)
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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)
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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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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)