QUESTIONS
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- Explain five factors which influence the level of National income of a country.(10mks)
- Explain five sources of government revenue. (10mks)
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- Explain five essentials of a good warehouse. (10mks)
- On 1 July 2018 had the following balances cash in hand 32,500 and cash at bank 1,365,000. During the month, the following transactions took place.
July 2: cash sales banked 4,263,000
3: received a cheque of 141,000 from white in full settlement of her debt.
8: Bought goods worth 262,400 and paid by cheque.
12: Cash sales 424,500
14: Paid Waina by cheque of 237,500 in full settlement of his account less 5% cash discount.
15: Paid wages 240,000 in cash.
16: Withdraw 360,000 from bank for office use.
18: Bought stationery in cash. 7,500
20: Cheque received from white was dishonoured.
28: Paid salaries by cheque 486,000
29: Received a cheque of 95,000 from Abu after deducting 5% cash discount.
30: Banked all the cash except 50,000.
Prepare a three column cash book duly balanced. (10mks)
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- Explain five sources of monopoly power. (10mks)
- Explain five features of Economic resources,(10mks)
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Requirement
Prepare a profit and loss account for the year ended 31 June 2012 (21/2mks)
The balance sheet as at 31" June 2012. (7 1/2mks) - Explain five factors that lead to an increase in supply of a product. (10mks)
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- Explain five factors that a trader would consider when choosing office Equipment.
- Explain five methods in which the government involves itself in Business activities.
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- Explain five importance of Economic intergration to a country like Kenya (10mks)
- Explain five factors that hinder economic development in most less developed countries (10mks)
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