- The following transactions for the month of June 2013 were extracted from the books of Kyondoni Retail Traders
June 1st Received invoice number 122 valued Kshs....(Solved)
The following transactions for the month of June 2013 were extracted from the books of Kyondoni Retail Traders
June 1st Received invoice number 122 valued Kshs. 10,000 from Onyango
June 5th Received invoice number 345 worth Kshs. 8,400 from Pendo Traders.
June 16th Received invoice number 207 worth Kshs. 15,000 from Jasho Traders.
June 26th Received invoice number 500 from Kurasini Traders worth Kshs. 6,500
Required:
i)Prepare the relevant journal for Kyondoni Retail Traders.
ii)Post the transactions to the relevant ledger accounts for Kyondoni Retail Traders.
Do not balance off the ledger accounts.
Date posted: October 17, 2019. Answers (1)
- The following demand schedule shows a change in demand of milk in Kiwi County in a certain period.
Explain five factors that could have caused...(Solved)
The following demand schedule shows a change in demand of milk in Kiwi County in a certain period.
Explain five factors that could have caused the change in demand of milk from Q0 to Q1.
Date posted: October 17, 2019. Answers (1)
- State the account to be debited and the account to be credited for each of the following transactions.(Solved)
State the account to be debited and the account to be credited for each of the following transactions.
Date posted: October 17, 2019. Answers (1)
- Highlight four limitations of an electronic filing system.(Solved)
Highlight four limitations of an electronic filing system.
Date posted: October 17, 2019. Answers (1)
- Outline four measures that the sender of a message should take in order to enhance effective communication.(Solved)
Outline four measures that the sender of a message should take in order to enhance effective communication.
Date posted: October 17, 2019. Answers (1)
- Mention four circumstances under which the market may be the main factor determining the location of a business enterprise.
(Solved)
Mention four circumstances under which the market may be the main factor determining the location of a business enterprise.
Date posted: October 17, 2019. Answers (1)
- Draw a diagram to illustrate how the demand curve of a product shifts to the right.(Solved)
Draw a diagram to illustrate how the demand curve of a product shifts to the right.
Date posted: October 17, 2019. Answers (1)
- Highlight four benefits to Kenya as a result of being a member of IMF.(Solved)
Highlight four benefits to Kenya as a result of being a member of IMF.
Date posted: October 17, 2019. Answers (1)
- The following information relate to J.’J traders for the year ended 31st Dec 2010
i)Prepare a trading and profit/ loss account for the year ended 31/12/2010.
ii)Calculate;...(Solved)
The following information relate to J.’J traders for the year ended 31st Dec 2010
i)Prepare a trading and profit/ loss account for the year ended 31/12/2010.
ii)Calculate;
a)Current ratio
b)Rate of stock turnover
c)Margin percentage
Date posted: October 11, 2019. Answers (1)
- Highlight five reasons why the output approach underestimates the gross domestic product(Solved)
Highlight five reasons why the output approach underestimates the gross domestic product
Date posted: October 11, 2019. Answers (1)
- Explain five ways in which legal requirements can affect a business and its operations(Solved)
Explain five ways in which legal requirements can affect a business and its operations
Date posted: October 11, 2019. Answers (1)
- Unemployment has been major problem that the Kenyan government has been trying to solve. Explain any five measures that the Kenyan government has taken to...(Solved)
Unemployment has been major problem that the Kenyan government has been trying to solve. Explain any five measures that the Kenyan government has taken to solve this problem.
Date posted: October 11, 2019. Answers (1)
- The following trial balance relates to XYZ ltd.(Solved)
The following trial balance relates to XYZ ltd.
Required:
Prepare XYZ limited Trading, profit and loss account.
Date posted: October 11, 2019. Answers (1)
- Explain five benefits that Kenya enjoys by being a member of the African development Bank.(Solved)
Explain five benefits that Kenya enjoys by being a member of the African development Bank.
Date posted: October 11, 2019. Answers (1)
- On 1st September 2015, Kakamega Traders had shs55, 000 in hand and shs 250,000 in Bank. During the month, the following transactions took place.(Solved)
On 1st September 2015, Kakamega Traders had shs55, 000 in hand and shs 250,000 in Bank. During the month, the following transactions took place.
Required: Prepare Kakamega Traders 3 –column cash book and balance it off.
Date posted: October 11, 2019. Answers (1)
- From the following transaction write down the account to be debited and the account to be credited.
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.
a)Bought good on credit from ABC traders
b)Paid for goods by cheque
c)Received commission on cash
d)Returned goods to Mema traders
Date posted: October 11, 2019. Answers (1)
- Explain five features that would be considered when establishing a warehouse for imported goods.(Solved)
Explain five features that would be considered when establishing a warehouse for imported goods.
Date posted: October 11, 2019. Answers (1)
- The following balances were extracted from the books of Kinja traders as at 31st December 2005.(Solved)
The following balances were extracted from the books of Kinja traders as at 31st December 2005.
Date posted: October 11, 2019. Answers (1)
- Enter the following transactions in the suitable cash book for Mumbi stores
January 1st opening balance cash 50,000
Bank 100,000
2nd bought goods from Kimeto on credit...(Solved)
Enter the following transactions in the suitable cash book for Mumbi stores
January 1st opening balance cash 50,000
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
25th Received a cheque of sh. 28,500 from Muturi settling his account after deducting 5% cash discount
30th transferred cash to the bank leaving a balance of sh. 5,000
Date posted: October 11, 2019. Answers (1)
- The table shows some occupation in production .Indicate the level of production associated with each of the following occupations.(Solved)
The table shows some occupation in production .Indicate the level of production associated with each of the following occupations.
Date posted: October 11, 2019. Answers (1)