KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
Goals of development to a country
Goals of development in a country include:
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The following Purchases Returns Journal relates to Farasi Traders:
Post the information above to the relevant ledger accounts. (4 marks)
Expected ResponseName the documents described by the statements given below as used in International Trade:9/12/2020
Name the documents described by the statements given below as used in International Trade: (4 marks)
Expected Response
The documents described by the given statements are:
Levels of inflation
Levels of inflation include:
Identify the ledgers in which the following accounts are maintained. (5 marks)
Expected Response
The following figures relate to Jumbo Traders for the year ended 31.12.13.
Expected ResponseThe following balances were extracted from the books of Wanji Traders for the year ended 30 June 2005. Prepare a balance sheet of Wanji Traders as at 30 June 2005.
Study the table below and calculate the values represented by the letters a, b, c and d.(4marks)8/12/2020 Study the table below and calculate the values represented by the letters a, b, c and d.
Benefits to a trader who operates a small retail outlet.
Problems that a planner may encounter in development planning.
Ways that the World Bank may use to assist developing countries to improve their economy.
Factors that may cause inflation in an economy.
Benefits of direct taxation to the government.
The following balances were extracted from the books of Chombo Wholesalers for the year ended 31 Dec 2005.
Calculate
a) margin b) Current ratio c) Rate of stock turnover (4mks) Disadvantages that a manufacturer would suffer if wholesalers were eliminated from the chain of distribution
Disadvantages to the manufacturer if wholesalers are eliminated from the chain of distribution include:
The graph given below represents the demand and supply curves of milk:
State four effects of a shift of the demand curve to the right. (4 marks)
Reasons for observing ethical practices in product promotion
Reasons for observing ethical practices in product promotion include:
The following balances were extracted from the books of Chebi Traders for the month ended 31 March 2005. Prepare trial balance of Chebi Traders for the month ended 31 March 2005.
Prepare trial balance of Chebi Traders for the month ended 31 March 2005.
State the effect of each of the following transactions on the balance sheet by writing increase, or decrease or no effect in each case.
Differences between life assurance and general insurance
Reasons why one would prefer a letter to a telephone to send a message.
Disadvantages of using internet as a means of communication
Disadvantages of using internet as a means of communication include:
Characteristics of economic resources.Factors that may encourage entrepreneurship in Kenya
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