KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
The following trail balance relates to Chui Traders as at 31st December, 2014.
Required
Prepare Trading, Profit and Loss Account. (10 marks) Expected Response
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Features of human wants
​Features of human wants:
​​Related Business Studies Quiz and Answers on Satisfaction of Human Wants Form 1 LevelCharacteristics of a monopolistic competitive market
Characteristics of a monopolistic competitive market.
The following information was extracted from the books of Mamboleo Traders in the month of September, 2014.
Required:
Prepare a two column cash book. (10 marks) Expected ResponseWays in which the consumer may benefit from warehousing
Ways in which the consumer may benefit from warehousing.
Discuss five principles that would lead to effective use of government resources. (10 marks)11/12/2020 Principles that would lead to effective use of government resources
Principles that would lead to effective use of government resources:
Cheru Traders does not keep a complete set of books of accounts. The following information was extracted from her books of accounts.
During the year, cash received from debtors was sh. 1,400,000 while cash paid to creditors amounted to sh. 2,000,000. Cash sales were for Sh. 250,000 while cash purchases amounted to sh. 320,000. Carriage inwards was for sh. 46,000.
Other relevant information. - Returns inwards were Sh. 42,000. - Cheru had taken goods amounting to sh. 50,000 for personal use. i) Determine total sales. ii) Determine total purchases. iii) Prepare Trading Account for the period ended 31 December 2005. Explain four functions of money.
Outline five factors that may limit the use of containers as a method of transporting goods in a developing country.
Explain five disadvantages that a country may experience from imposing trade restrictions on trading partners.
Vertical Divider
Musi Enterprises are considering to market their imported products direct to consumers.Outline five reasons that may be influencing them to make this decision.
Benefits that a Savings and Credit Co-operative society (SACCO) provides to its members.
Uses of National Income Statistics to a country
Uses of National income statistics to a country.
Benefits that may accrue to a community that is involved in trading activities.
The following trial balance was extracted from the books of Fula Traders on 31st December 2005.10/12/2020 The following trial balance was extracted from the books of Fula Traders on 31st December 2005.
Additional information
- Stock on 31 December 2005 was valued at sh. 60,000 - Depreciation to be provided for as follows: Motor Vehicle 20% p.a on Cost Furniture 10% p.a on cost Prepare: i) Trading, profit and Loss Account for the year ended 31 December 2005. ii) Balance Sheet as at 31 December 2005. Clauses found in the Memorandum of Association
Clauses found in the Memorandum of Association include:
Ways that a government can use to finance a budget deficit.
Ways an investor benefit from the stock exchange
Ways in which an investor may benefit from the stock exchange include:
Benefits of sea transport over air transport
Benefits of sea transport over air transport include:
Benefits of a business plan to an entrepreneur
State four reasons that make it necessary for firms to maintain a healthy environment. (4 marks)10/12/2020 Reasons that make it necessary for firms to maintain a healthy environment
Reasons that make it necessary for firms to maintain a healthy environment include:
Over the years southern Star has grown into a large business enterprise. Explain five diseconomies of scale which it may experience.
Explain five factors that may influence the level of national income of a country. (10 marks)9/12/2020 Factors that may influence the level of national income of a country.
The following information relates to Kahawa Traders as at 31st December 2012.
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