Questions and answers: Business Studies

Q&A Categories

• History and Government
• Christian Religious Education (CRE)
• IRE
• Mathematics
• Physics
• Biology
• Geography
• Chemistry
• English
• English Literature
• Commercial and Administrative Law
• Business Studies
• Diploma in ECDE
• Certificate in ECDE
• Computer Studies
• Computer Science
• Kiswahili
• Agricuture
• Home Science
• Accounting
• Economics
• CPA Financial Accounting
• CPA Commercial Law
• Entrepreneurship and Communication
• CPA Quantitative Analysis
• CPA Economics
• CPA Company Law
• CPA Financial Management
• CPA Taxation
• CPA Cost Accounting
• CPA Financial Reporting
• CPA Advanced Financial Reporting
• CPA Auditing and Assurance
• CPA Advanced Taxation
• CPA Management Information Systems
• CPA Advanced Auditing and Assurance
• CPA Strategy, Governance and Ethics
• CPA Advanced Management Accounting
• CPA Advanced Financial Management
• ATD Information Communication Technology
• ATD Auditing
• ATD Financial Accounting
• ATD Principles of Management
• ATD Business Mathematics
• ATD Business Mathematics
• PTE Home Science
• ATD Fundamentals of Finance

3307 Questions  View: All | Solved | Unsolved

Search Results...

• Chetambe retail shop carried out the transactions given in the table below. For each transaction, state the source of document and respective book of original...(Solved)
  

  Chetambe retail shop carried out the transactions given in the table below. For each transaction, state the source of document and respective book of original entry.

  Date posted: September 2, 2019.  

• An entrepreneur may spot a gap in the market which may be converted into a business idea. Name four such gaps.(Solved)
  

  An entrepreneur may spot a gap in the market which may be converted into a business idea. Name four such gaps.

  Date posted: September 2, 2019.  

• National income from expenditure approach is calculated as follows: NI = C + I + G + (X-M) State the meaning of the following: (i) C (ii) I: (iii)...(Solved)
  

  National income from expenditure approach is calculated as follows: NI = C + I + G + (X-M) State the meaning of the following: (i) C (ii) I: (iii) G (iv) X-M:

  Date posted: September 2, 2019.  

• Sherry traders had the following assets and liabilities as at 1^st January 2004. For the year ended 31st December 2004, (i) Additional capital was Shs. 24,000 (ii) Drawings...(Solved)
  

  Sherry traders had the following assets and liabilities as at 1^st January 2004. For the year ended 31st December 2004, (i) Additional capital was Shs. 24,000 (ii) Drawings were Shs. 20,000 (iii) Net profit was Shs. 34,000 Determine the capital as at 31st December 2004.

  Date posted: September 2, 2019.  

• The following balances were obtained from the Books of Mtema Traders as at 31st July 2010.(Solved)
  

  The following balances were obtained from the Books of Mtema Traders as at 31st July 2010.Prepare a trial balance as at 31^st July 2010.

  Date posted: September 2, 2019.  

• Outline four challenges that a distributor of fresh milk is likely to face in his / her operations.(Solved)
  

  Outline four challenges that a distributor of fresh milk is likely to face in his / her operations.

  Date posted: September 2, 2019.  

• Highlight four ways in which HIV/AIDS prevalence has negatively affected business activities.(Solved)
  

  Highlight four ways in which HIV/AIDS prevalence has negatively affected business activities.

  Date posted: September 2, 2019.  

• State four auxiliary services to business.(Solved)
  

  State four auxiliary services to business.

  Date posted: September 2, 2019.  

• The following information was extracted from the books of Umeme Traders as at 31^st December 2009. Prepare: (i) Profit and loss account for the year ended 31^st...(Solved)
  

  The following information was extracted from the books of Umeme Traders as at 31^st December 2009. Prepare: (i) Profit and loss account for the year ended 31^st December 2009. (ii) Balance sheet as at 31^st December 2009.

  Date posted: September 2, 2019.  

• On 1^st June 2015, Ndovu Traders had cash in hand of sh.25,000 and sh.56,200 at bank. During the month, the following transactions took place: 2015 June 2 Cash...(Solved)
  

  On 1^st June 2015, Ndovu Traders had cash in hand of sh.25,000 and sh.56,200 at bank. During the month, the following transactions took place: 2015 June 2 Cash sales, sh.42,000. June 5 Received a cheque of sh.70,500 from Kiptala Traders after deducting a 6% cash discount. June 8 Paid salaries, sh24,000 cash. June 9 Yegon settled his account of sh.45,000 in cash and was allowed sh.l,800 cash discount. June 12 Cash sales sh46,500. June 18 Paid Tuitoek's debt of sh.l00,000 by cheque after deducting 5% cash discount. June 24 Withdrew sh.26,000 from the bank for office use. June 30 Banked all the cash except sh.25,000. Prepare a 3-column cashbook and balance it off on 30^th June, 2015.

  Date posted: September 2, 2019.  

• Explain five problems that are likely to face the process of implementation of well-prepared economic development plans.(Solved)
  

  Explain five problems that are likely to face the process of implementation of well-prepared economic development plans.

  Date posted: September 2, 2019.  

• Outline the steps that one must follow when sent to the field to promote the products of the bank through personal selling.(Solved)
  

  Outline the steps that one must follow when sent to the field to promote the products of the bank through personal selling.

  Date posted: September 2, 2019.  

• Giving the types of unemployment, state the causes of the remedies.(Solved)
  

  Giving the types of unemployment, state the causes of the remedies.

  Date posted: September 2, 2019.  

• Study the following table of the demand and supply of product x.Explain five factors that may have led to the trend above.(Solved)
  

  Study the following table of the demand and supply of product x. Explain five factors that may have led to the trend above.

  Date posted: September 2, 2019.  

• Compute the consumer price index (CPI) from the following data giving explanation of your outcome Year .............Price 2010............. 300 2011 .............375(Solved)
  

  Compute the consumer price index (CPI) from the following data giving explanation of your outcome Year .............Price 2010............. 300 2011 .............375

  Date posted: September 2, 2019.  

• In the table below fill in the missing figures S,T,U and V.(Solved)
  

  In the table below fill in the missing figures S,T,U and V.

  Date posted: September 2, 2019.  

• Define the following terms as used in business studies (i) Annuity (ii) Proposer (iii) Speculative risk (iv) Grace period(Solved)
  

  Define the following terms as used in business studies (i) Annuity (ii) Proposer (iii) Speculative risk (iv) Grace period

  Date posted: September 2, 2019.  

• State the name of the source document used to record the following transactions(Solved)
  

  State the name of the source document used to record the following transactions

  Date posted: September 2, 2019.  

• Enter the following transactions in the relevant ledger accounts 2015 April 1 Janet Cosmetics started a business with Ksh. 150,000 cash. ,, 3 Bought stock of...(Solved)
  

  Enter the following transactions in the relevant ledger accounts 2015 April 1 Janet Cosmetics started a business with Ksh. 150,000 cash. ,, 3 Bought stock of goods for Sh. 40,000 and paid in cash ,, 6 Opened a bank account and deposited Sh. 60,000 from the cash till ,, 9 Purchased an office machine for Sh. 25,000 and paid by cheque

  Date posted: September 2, 2019.  

• Explain the meaning the following terms as used in National Income. a) Gross Domestic Product b) Gross National Product c) Per capita Income(Solved)
  

  Explain the meaning the following terms as used in National Income. a) Gross Domestic Product b) Gross National Product c) Per capita Income

  Date posted: September 2, 2019.  

• The information below was extracted from the books of Lemayian Traders for the year ended(Solved)
  

  The information below was extracted from the books of Lemayian Traders for the year ended 31. 12. 2015 Opening stock......................... 45,000 Closing stock .........................15,000 Turnover............................... 340,000 Margin.................................. 25% Required: (i) Gross profit (ii) Purchases

  Date posted: September 2, 2019.  

• Distinguish between the following categories of government expenditures. a) Recurrent expenditure b) Capital expenditure(Solved)
  

  Distinguish between the following categories of government expenditures. a) Recurrent expenditure b) Capital expenditure

  Date posted: September 2, 2019.  

• The following balance sheet belongs to Nyakwar Atiyo during the period ended 30^th June 2000. The following transactions took place on July 1 2000. (i) Paid creditors...(Solved)
  

  The following balance sheet belongs to Nyakwar Atiyo during the period ended 30^th June 2000. The following transactions took place on July 1 2000. (i) Paid creditors Sh 2000 by cheque. (ii) Nyakwar Atiyo took stock worth Shs 7500 from the business for his son‘s birthday. (iii) Motor vehicle previously owned by Nyakwar Atiyo values at sh 200,000 was converted into business vehicles. Required: Prepare the balance sheet of Nyakwar Atiyo traders as at 2^nd July 2000.

  Date posted: September 2, 2019.  

• Outline four services offered in agency banking as a trend in the banking sector.(Solved)
  

  Outline four services offered in agency banking as a trend in the banking sector.

  Date posted: September 2, 2019.  

• Outline four role of the mass media in promoting consumer protection(Solved)
  

  Outline four role of the mass media in promoting consumer protection

  Date posted: September 2, 2019.  

• Highlight four problems associated with monopoly market structure.(Solved)
  

  Highlight four problems associated with monopoly market structure.

  Date posted: September 2, 2019.  

• State four reasons why diagonal communication needs to be encouraged in an organization.(Solved)
  

  State four reasons why diagonal communication needs to be encouraged in an organization.

  Date posted: September 2, 2019.  

• The following trial balance was extracted from the books of Lule Traders on 30^th April 2015.Stock as at 30.4.2015 Shs. 49,980 Required: a) Trading, profit and Loss...(Solved)
  

  The following trial balance was extracted from the books of Lule Traders on 30^th April 2015 Stock as at 30.4.2015 Shs. 49,980 Required: a) Trading, profit and Loss account for the year ended 30^th April 2015 b) Balance sheet as at 30^th April 2015

  Date posted: September 2, 2019.  

• Explain four reasons why upward communication should be encouraged in an organization.(Solved)
  

  Explain four reasons why upward communication should be encouraged in an organization.

  Date posted: September 2, 2019.  

• Bartenge Enterprises started business on 1^st May 2014 with Shs. 250,000 consisting of: Cash at bank Shs.200, 000, Cash in Hand Shs. 30,000 and Furniture Shs....(Solved)
  

  Bartenge Enterprises started business on 1^st May 2014 with Shs. 250,000 consisting of: Cash at bank Shs.200, 000, Cash in Hand Shs. 30,000 and Furniture Shs. 20,000. The following transactions took place during the month of May. 3^rd May 2014, Motor Van worth Shs. 85,000 and stock of Shs. 25,000 were bought on credit 6^th May 2014, more stock worth shs.10,000 was bought by cash 9^th May 2014, withdrew money from bank sh 50,000 for office use 15^th May 2014, Sold stock at cost to a customer on credit for shs. 18,500 19^th May 2014, received a cheque for the full settlement of a debt owed from the transaction of 15^th may 2014 23^rd May 2014, paid Shs. 65,000 by cheque for the motor van bought earlier on credit 31^st May 2014, paid Shs. 20,000 cash for the stock bought on credit Required: Prepare the balance sheet of Bartenge Holdings as at 31^st May 2014.

  Date posted: September 2, 2019.