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Financial accounting, auditing
Date posted:
March 5, 2018
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Introduction to Financial accounting
Date posted:
March 5, 2018
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Define accounting and explain six users of accounting information.
Date posted:
March 2, 2018
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Define the following concepts in accounting (a) Money measurement concept (b) Separate valuation concept (c) Separate entity concept
Date posted:
February 21, 2018
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Outline the circumstances under which a person may cease to be a member of a cooperative society
Date posted:
January 15, 2018
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Define the following investment rules. In your definition state the criteria for accepting or rejecting an investment.
a) Payback period
b) Internal rate of return
c) Profitability index
Date posted:
December 27, 2017
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a) Write brief notes on
i) Hire purchase
ii) Credit sale
iii) Effects of goods repossessed on hire purchase transactions
b) Fiona Limited bought Motor Vehicle on hire purchase terms. The transactions involved
the following:
i) The cash price Sh.800,000
ii) Hire purchase interest 25%
iii) Deposit 20% of cash price
iv) 5 annual equal installments.
The purchase was effected on 1st January 2015.All payments were made. Depreciation is at a rate of 10% per annum on straight line.
Required:
Asset account (3marks)
Hire purchase company account (4 marks)
Hire purchase interest account (3marks)
C In relation to investment accounting , distinguish the following terms
i) Cum – dividend and Ex – dividend (2 Marks)
ii) Bonus issue and Rights issue (2Marks)
d) ABC Ltd bought sh. 60,000, 10% loan stock of Expo ltd on 1st March 2008 at 90 cum- interest. Interest is payable half yearly on 30th June and 31st December.
Required:
Show the entries in ABC Ltd’s ledger for the year ended 31st December 2008. Ignore income tax. (6 Marks)
Date posted:
November 24, 2017
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State and explain examples of financial risk.
Date posted:
November 14, 2017
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State and explain the concepts and principles of accounting
Date posted:
October 27, 2017
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Taxation
Date posted:
October 26, 2017
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Differentiate between private limited companies and public limited companies.
Date posted:
October 26, 2017
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What are the rights of a registered taxpayer under the VAT act?
Date posted:
October 25, 2017
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Differentiate between preference shares and ordinary shares.
Date posted:
October 12, 2017
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Differentiate between personal and impersonal accounts.
Date posted:
October 2, 2017