Forms of economic integration that countries may join to promote international trade
Forms of economic integration that countries may join to promote international trade include:
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Expected ResponseProblems of using national income statistics to compare the living standards of citizens of Kenya and Tanzania
Problems of using national income statistics to compare the living standards of citizens of Kenya and Tanzania include:
The following opening balances were extracted from the books of Mageta Traders on 1 July 2016:24/11/2020
The following transactions took place in the course of the month:
Expected ResponseDifferences between an open office and an enclosed office
Differences between an open office and an enclosed office include:
Open Office
Enclosed Office
Factors that may have contributed to increase of soft drinks
Factors that may have contributed to increased demand for soft drinks include:
Types of direct taxes that the government may use to collect revenue from individuals and companies
Types of direct taxes that the government may use to collect revenue from individuals and companies include:
Disadvantages of using carts as a means of transport in towns
Demerits of using carts as a means of transport in towns include:
The following information was extracted from the books of Kisababu Traders on 31 December 2014:24/11/2020
The following information was extracted from the books of Kisababu Traders on 31 December 2014:
Required:
clauses that must be specified in the Memorandum of Association of a public limited company
Clauses that must be specified in the Memorandum of Association of a public limited company include:
Factors that Chuma Steel Manufacturers may consider when choosing a channel for distributing their products
Factors that Chuma steel manufacturers may consider when choosing a channel for distributing their products include:
Circumstances that may lead to the existence of a business opportunity to be exploited by the entrepreneur
Circumstances that may lead to the existence of a business opportunity to be exploited by the entrepreneur include:
Ways in which the introduction of money helped eliminate problems faced in barter trade
Ways in which the introduction of money helped eliminate problems faced in the conduct of barter trade include:
Ways in which the technological environment may improve business performance
Ways in which the technological environment may improve business performance include:
Watamu Enterprises had the following assets and liabilities on 1st May 2014:
The following transactions took place on 2nd May 2014:
Factors that would make two people taking the same type of life assurance policy with the same insurer to pay different amounts of premium
Factors that would make two people taking the same type of life assurance policy with the same insurer to pay different premiums include:
Related 'Insurance' ResourcesExternal economies of scale that a firm may get when operating on a large scale
External economies of scale that a firm may get when operating on a large scale include:
Reasons for maintaining a cash book in a business enterprise
Identify the types of ledger in which each of the following accounts would be found: (4 marks)23/11/2020
Identify the types of ledger in which each of the following accounts would be found: (4 marks)
Types of ledgers into which the accounts would be found are:
(a) Debtors ledger/Sales ledger. (b) Nominal ledger/General ledger. (c) Creditors ledger/Purchases ledger. (d) Cash book.
The lines of communication are:
Merits of indirect taxes
Merits of indirect taxes include:
The following information was extracted from the books of Leila Traders on 31st July 2016:22/11/2020 The following information was extracted from the books of Leila Traders on 31st July 2016: List four books of original entry that may be used to record transactions affecting stock.(4 marks)22/11/2020 Books of original entry that may be used to record transactions affecting stock
Books of original entry that may be used to record transactions affecting stock are:
Other ways in which the price of a product may be set
Other methods of determining the price of a product apart from the forces of demand and supply include:
Conditions under which a manufacturer would distribute his products through the wholesaler
Conditions under which a manufacturer would distribute his products through a wholesaler include:
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