QUESTIONS
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- Explain five circumstances under which a bank may dishonour a cheque. (10 marks)
- Explain five factors that may lead to an increase in the level of National Income of a country. (10 marks)
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- Explain five factors that may lead to dissolution of a co-operative society. (10 marks)
- Explain five features of underdeveloped countries. (10 marks)
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- The following balances were extracted from the books of Mtito Andei Wholesalers on 1st October 2021:
Details Ksh Bank 80,000 Cash 15,000 Juma (creditor) 24,000 ICDC loan 70,000 Motor vehicle 210,000 Stock 45,000 Mangu (debtor) 26,000 Capital 237,000
October 2nd Withdrew Ksh 14,000 from the bank to pay Juma.
October 3rd Mangu paid his debt of Ksh 10,000 cash.
October 4th Took a loan from bank worth Ksh 170,000 cash of which Ksh 70,000 was used to clear outstanding ICDC loan.
October 5th Purchased goods worth Ksh 40,000 in cash.
Required- Record the above transactions into their relevant ledger accounts and balance them off. (8 marks)
- Extract a trial balance as at 5th October 2021. (4 marks)
- Explain four elements of a good transport system. (8 marks).
- The following balances were extracted from the books of Mtito Andei Wholesalers on 1st October 2021:
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- Explain five ways in which employees may contribute to the success of a business. (10 marks)
- Explain five roles of the World Bank in promoting international trade. (10 marks)
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- Explain five limitations of mobile phones in communication. (10 marks)
- Use the diagram given below to answer the questions that follow.
- Explain four effects of the shift in demand curve from D, to D. (8 marks)
- State what is represented by the shaded area. (2 marks)
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- The following Trial Balance was extracted from the ledgers of Ushindi Traders on November 2021.
Ushindi Traders
Trial Balance as at 30th November 2021Details Dr Cr Ksh Ksh Capital 58,300 Sales 200,000 Purchases 111,000 Salaries 13,300 Rent Income 40,000 Stock 1/12/2020 12,500 Insurance 10,500 Telephone 9,500 Advertising 14,000 Premises 100,000 Furniture 16,000 Debtors 33,500 Creditors 53,000 Cash in hand 18,400 Cash at bank 12,600 351,300 351,300
Prepare the business Trading, Profit & Loss Account for the year ended 30th November and a Balance Sheet as at that date. (12 marks) - Explain four reasons that may make Government departments adopt open office layout. (8 marks)
- The following Trial Balance was extracted from the ledgers of Ushindi Traders on November 2021.
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