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-Ploughing back profit
-Sale of fixed assets not in use
-Sale and lease back of fixed assets
-Use of provision for depreciation
-Use of provision for corporation tax
-Adjusting items in working capital eg lowering stock held
Kavungya answered the question on October 8, 2019 at 11:18
- Highlight four reasons why most businesses in Kenya operate on small scale basis. (Solved)
Highlight four reasons why most businesses in Kenya operate on small scale basis.
Date posted: October 8, 2019. Answers (1)
- Outline four circumstances that will make the consumers to buy products directly from the producers. (Solved)
Outline four circumstances that will make the consumers to buy products directly from the producers.
Date posted: October 8, 2019. Answers (1)
- State four filing systems that organizations can adopt. (Solved)
State four filing systems that organizations can adopt.
Date posted: October 8, 2019. Answers (1)
- State four factors that determine the rate of interest charged on borrowed capital. (Solved)
State four factors that determine the rate of interest charged on borrowed capital.
Date posted: October 8, 2019. Answers (1)
- List the ways in which insecurity negatively affects running of business activities.(Solved)
List the ways in which insecurity negatively affects running of business activities.
Date posted: October 7, 2019. Answers (1)
- State the limitations of oral communication.(Solved)
State the limitations of oral communication.
Date posted: October 7, 2019. Answers (1)
- The following account balances were obtained from the books of Zolo Traders on 30th June 2013
...(Solved)
The following account balances were obtained from the books of Zolo Traders on 30th June 2013
Kshs
Motor vehicle 240,000
Buildings 200,000
Current Liabilities 440,000
Current assets 420,000
Furniture 60,000
Capital 480,000
Required Prepare a trial balance for Zolo traders as at 30th June 2013
Date posted: October 7, 2019. Answers (1)
- Classify the following as either assets or liabilities.
i)Creditors
ii)Pre- paid insurance
iii)Rent owing
iv)Debtors(Solved)
Classify the following as either assets or liabilities.
i)Creditors
ii)Pre- paid insurance
iii)Rent owing
iv)Debtors
Date posted: October 7, 2019. Answers (1)
- State the ledger in which the following accounts are kept .
i)Drawing
ii)Return inwards
iii)Salary
iv)Patel tenders (Creditor)(Solved)
State the ledger in which the following accounts are kept .
i)Drawing
ii)Return inwards
iii)Salary
iv)Patel tenders (Creditor)
Date posted: October 7, 2019. Answers (1)
- The following information relates to kakamega Traders for the year ended 31st Dec 2014
Carriage on sales ...(Solved)
The following information relates to kakamega Traders for the year ended 31st Dec 2014
Carriage on sales 16000
Gross profit b/d 60000
Dividend received 10000
Insurance 8000
General expenses 6000
Required
Prepare the profit and loss account of Kakamega Traders for the year ended 31st Dec 2014
Date posted: October 7, 2019. Answers (1)
- Name the source document to which each of the following descriptions relate
i) Issued by seller to a buyer for cash paid
ii)Used for processing and authorizing...(Solved)
Name the source document to which each of the following descriptions relate
i) Issued by seller to a buyer for cash paid
ii)Used for processing and authorizing payment
iii)Sent to a credit buyer to demand payment
iv)Used to correct overcharge
Date posted: October 7, 2019. Answers (1)
- State and explain five macro environments and the positive effect of each on the performance of a business.(Solved)
State and explain five macro environments and the positive effect of each on the performance of a business.
Date posted: October 4, 2019. Answers (1)
- Gatundu wholesalers have been buying sugar directly from Mumias Sugar Company. Explain five services offered by Gatundu wholesalers to Mumias Sugar Company.(Solved)
Gatundu wholesalers have been buying sugar directly from Mumias Sugar Company. Explain five services offered by Gatundu wholesalers to Mumias Sugar Company.
Date posted: October 4, 2019. Answers (1)
- Peterson started a handware business on 1st Janaury 2010. The following is a summary of his transaction during the month
Invoices issued
2010 Jan 2: Mwiti Traders kshs...(Solved)
Peterson started a handware business on 1st Janaury 2010. The following is a summary of his transaction during the month
Invoices issued
2010 Jan 2: Mwiti Traders kshs 50,000
Jan 5: Mutahi Traders ksh 150,000
Invoices received
2010 Jan 3: Solomon Traders kshs 80,000
4: Kanake Enterprises kshs 160,000
Required:
Record the above details in the appropriate subsidiary books.
Date posted: October 4, 2019. Answers (1)
- Enter the following transactions in the relevant ledger accounts.
2011
July 1: Opening balances cash ksh 24,000, bank kshs 8000 (cr)
3: Paid...(Solved)
Enter the following transactions in the relevant ledger accounts.
2011
July 1: Opening balances cash ksh 24,000, bank kshs 8000 (cr)
3: Paid rent kshs 4,000 in cash
4: Bought goods worth ksh 8,000 and paid by cheque
5: Deposited ksh. 5,000 from the business into the bank
Date posted: October 4, 2019. Answers (1)
- Record the following transaction in a two column cash book.
2012
Jan 1: Started business with capital of sh20,000 cash and sh 50,000 at bank.
...(Solved)
Record the following transaction in a two column cash book.
2012
Jan 1: Started business with capital of sh20,000 cash and sh 50,000 at bank.
2: Bought stock in cash sh 120,000
3: Cash sales sh 5,000
7: Bought stock worth sh 10,000 on credit.
12: Withdrew cash from bank for office use sh.8,000.
15: Paid rent by cheque shs 6000.
20: Received shs 4000 by cheque from a debtor.
Date posted: October 4, 2019. Answers (1)
- The following balance sheet relates to Uzuri traders
Required:
Calculate (i) Capital owned
(ii) Borrowed capital
(iii) Working capital
(iv) Capital employed (Solved)
The following balance sheet relates to Uzuri traders
Required:
Calculate (i) Capital owned
(ii) Borrowed capital
(iii) Working capital
(iv) Capital employed
Date posted: October 4, 2019. Answers (1)
- Identify the terms given to each of the following statements.
a.Transport goods from producers to consumers
b.Activities carried out with a view of making profit.
c.A person...(Solved)
Identify the terms given to each of the following statements.
a.Transport goods from producers to consumers
b.Activities carried out with a view of making profit.
c.A person who uses a good or service.
d.Increasing the usefulness of a good or services
Date posted: October 4, 2019. Answers (1)
- Discuss the factors that have contributed to declining population growth rate in some developing Countries.(Solved)
Discuss the factors that have contributed to declining population growth rate in some developing Countries.
Date posted: October 4, 2019. Answers (1)
- Highlight reasons why a business would adopt ethical practices while conducting its operations(Solved)
Highlight reasons why a business would adopt ethical practices while conducting its operations
Date posted: October 4, 2019. Answers (1)