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-Sale of underweight goods
-Sale of expired goods
-Overpricing
-Sale of fake goods
-Poor quality goods / services.
Kavungya answered the question on October 11, 2019 at 07:40
- The following trial balance was extracted from the books of Kwale Traders on 31st December 2010.
Stock on 31st December 2010 was sh. 20,000
Prepare a...(Solved)
The following trial balance was extracted from the books of Kwale Traders on 31st December 2010.
Stock on 31st December 2010 was sh. 20,000
Prepare a trading, profit and loss A/C for the Year ended 31st December, 2010.
Date posted: October 9, 2019. Answers (1)
- Explain five ways of making face-to-face communication effective.(Solved)
Explain five ways of making face-to-face communication effective.
Date posted: October 9, 2019. Answers (1)
- Joy traders started business with sh 400,000 in cash on 1/1/2014.
2014
January 2: Deposited sh. 200,000 cash in the bank
5: She bought stock in...(Solved)
Joy traders started business with sh 400,000 in cash on 1/1/2014.
2014
January 2: Deposited sh. 200,000 cash in the bank
5: She bought stock in cash sh 20,000
6: She took Sh. 10,000 cash to pay school fees for her son
7: She paid salaries, sh 40,000 by cheque
8: She sold goods for sh 40,000 cash
9: She paid salaries Sh 4000 by cheque.
Required
i)Enter the above transactions in Joy Traders ledger accounts.
ii)Balance the ledger accounts and extract a trial balance as at 9th January 2014.
Date posted: October 9, 2019. Answers (1)
- Outline four measures that central bank of Kenya can use to mop out any excess liquidity in the country. (Solved)
Outline four measures that central bank of Kenya can use to mop out any excess liquidity in the country.
Date posted: October 9, 2019. Answers (1)
- Given below is the balance sheet of J.M traders as at 1st July, 2013
The following transactions took place during the month.
a)The proprietor took...(Solved)
Given below is the balance sheet of J.M traders as at 1st July, 2013
The following transactions took place during the month.
a)The proprietor took sugar, bread and sodas worth Sh. 750 for his son’s Birthday
b)Private car valued at Sh. 20,000 was given to the business
c)Drew a cheque worth Sh. 2,000 to pay creditors
Required:
Prepare the balance sheet of J.M after the above transactions as at 31st July 2013.
Date posted: October 9, 2019. Answers (1)
- Classify the following assets as either current or fixed. (Solved)
Classify the following assets as either current or fixed.
Date posted: October 9, 2019. Answers (1)
- Outline four ways in which students can prevent unemployment in the future after high school. (Solved)
Outline four ways in which students can prevent unemployment in the future after high school.
Date posted: October 9, 2019. Answers (1)
- Tick in the box given the correct representation of the following items considered in the measurement of national income. (Solved)
Tick in the box given the correct representation of the following items considered in the measurement of national income.
Date posted: October 9, 2019. Answers (1)
- Highlight four ways that a government can use to increase the demand of a commodity in the market. (Solved)
Highlight four ways that a government can use to increase the demand of a commodity in the market.
Date posted: October 8, 2019. Answers (1)
- Mutua and Mutio have taken life assurance policies. State four factors that would make them pay different premium amounts.(Solved)
Mutua and Mutio have taken life assurance policies. State four factors that would make them pay different premium amounts.
Date posted: October 8, 2019. Answers (1)
- Give four merits of verbal communication over written communication. (Solved)
Give four merits of verbal communication over written communication.
Date posted: October 8, 2019. Answers (1)
- Highlight four internal sources of capital available to a business. (Solved)
Highlight four internal sources of capital available to a business.
Date posted: October 8, 2019. Answers (1)
- 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)