-When goods produced are perishable
-When goods produced are heavy/bulky
-When goods are fragile
-When goods produced are fast moving
Kavungya answered the question on October 17, 2019 at 06:49
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Date posted: October 17, 2019. Answers (1)
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i)Prepare a trading and profit/ loss account for the year ended 31/12/2010.
ii)Calculate;...(Solved)
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Date posted: October 11, 2019. Answers (1)
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Date posted: October 11, 2019. Answers (1)
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Date posted: October 11, 2019. Answers (1)
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Required:
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Date posted: October 11, 2019. Answers (1)
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Date posted: October 11, 2019. Answers (1)
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Date posted: October 11, 2019. Answers (1)
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a)Bought good on credit from ABC traders
b)Paid for...(Solved)
From the following transaction write down the account to be debited and the account to be credited.
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Date posted: October 11, 2019. Answers (1)
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Date posted: October 11, 2019. Answers (1)
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Date posted: October 11, 2019. Answers (1)
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Bank 100,000
2nd bought goods from Kimeto on credit...(Solved)
Enter the following transactions in the suitable cash book for Mumbi stores
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Bank 100,000
2nd bought goods from Kimeto on credit sh. 60,000
12th settled Kimeto’s account of sh. 60,000 by cheque after detecting 10% cash discount
20th total sales on credit amounted to sh. 50,000
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Date posted: October 11, 2019. Answers (1)
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Date posted: October 11, 2019. Answers (1)
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Date posted: October 11, 2019. Answers (1)
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Date posted: October 11, 2019. Answers (1)
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Date posted: October 11, 2019. Answers (1)
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a)Investing more cash in business...(Solved)
For each of the following transaction indicate whether it would increase decrease or have no effects on the balance sheet totals.
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Date posted: October 11, 2019. Answers (1)
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The following information relates to Khadija wholesalers. Capital at the end of the year 2016 was sh. 190, 000, profit sh, 20,000, additional investment sh, 75,000 and drawings were sh.5000. Calculate Khadija wholesalers’ initial capital.
Date posted: October 11, 2019. Answers (1)
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On 2nd November 2006 Kinoti received an invoice of Ksh. 12,000.Terms of payment were trade discount 5% and cash discount of 10% if payment is made within 30days. Determine the amount paid if payment was made on 28th November 2006.
Date posted: October 11, 2019. Answers (1)