On 1 May 2012, Nyaboke Traders had sh.160, 000 in cash and sh. 30, 000 bank overdraft. During the month, the following transactions took place.
Solution
1 Comment
The following balances were extracted from the books of Anyang wholesalers for the year ended 31 December, 2010
Sh.
Sales………………………………………800, 000 Purchases…………………………………420, 000 Opening stock (1.1.2010) …………90, 000 Closing stock (31.12.2010)……………50, 000 Debtors……………………………………130, 000 Creditors…………………………………90, 000 Calculate (4mks)(a) Margin(b) Current ratio(c) Rate of turnover
The following balances were obtained from the books of Ole Nkanai Traders for the month ended 29 February 2012.
Sh.
Purchases………… 24, 000 Sales……………… 420, 000 Equipment………… 120, 000 Furniture………… 300, 000 Debtors………… 60, 000 Creditors……… 20, 000 Expenses……… 140, 000 Capital………… 420, 000 Prepare a Trial balance of Ole Nkanai Traders for the month ended 29 February 2012. (5mks)
Indicate the book of original entry used in recording each of the following transactions of Alex Traders. (4mks)
The average consumer price for a tin of maize for various years in Trans-mara is shown in the table below.Calculate the consumer index using year 2008 as the base year. (4mks)
Outline four negative effects of a high taxation in an economy. (4mks)
Negative effects of high taxation in an economy
State four factors that encourage entrepreneurship in Kenya (4mks)
Factors that encourage entrepreneurship in Kenya
Outline four circumstances that lead to a trader declining in giving credit facilities to customers5/11/2021 Outline four circumstances that lead to a trader declining in giving credit facilities to customers. (4mks)
Circumstances leading to a trader declining in giving credit facilities to customers
The Manager of ENOOSAEN Sugar Company has vowed improve the company’s yield by 60% through labour motivation. State four ways by which he can achieve this.
Ways of labour motivation
Factors that influence level of development of a country
Importance of age structure for economic growth
Shortcomings of internet services
Disadvantages of progressive taxes
The following balance were extracted from the books of Mutua Traders for the year ended 31st Dec 2001 after having prepared a trading accountDr (sh) Cr(sh) Gross profit 38,100 Stock (31st Dec) 80,200 Cash 105,060 Motor van 603,000 Capital 653,560 Equipment 200,600 Furniture 94,400 Creditors 74,300 Debtors 75,900 Discount received 26,400 Salaries 12,400 Carriage outward 14,400 Rent income 12,600 Advertising 22,200 Insurance 9,400 Bank overdraft 412,600 1,217,560 1,217,560 Required: i) Prepare a profit and a loss account for Fundi Traders for the year ended 31st December 2001ii) Prepare a balance sheet as at 31st December 2011On 1st January 2011 Mulei Traders had 180,000 cash in hand and a bank credit balance of sh 57,500. during the month the following transactions took place (10mks)3rd cash sales sh 21,800 4th A debtor settled his account of sh 90,000 by cheque 10th Paid salaries sh 40,000 in cash 12th Took cash sh 3500 to settle a personal debt 23rd Received a cheque shs 8460 from Nganda wholesalers after deducting 6% cash discount 24th Deposited sh 10,000 in the bank from office cash 25th Purchased stock worth sh 8950 on credit from Ngumo distributors 26th Cash sales banked directly sh 38,000 27th A cheque received on 4th from debtor was dishonoured. The bank charged him sh 2500 29th Settled creditors account sh 6000 by cheque less 3% cash discount 31st Banked all cash except sh 40,000 Required:Prepare a three column cash book dully balanced (10mks)
Limitations of adopting new technology
Central bank as a banker to the government
Reasons for manufacturers warehouse
Differences between public ltd companies and partnerships
Circumstances under which monopolies exist
Benefits of endowment policy
Characteristics of underdevelopment
Positive effect of inflation in an economy
A country may experience an improvement in terms of trade if:
Advantages of M-banking
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