KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
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.
1 Comment
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.
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)
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.
State four social responsibilities that a manufacturing firm should have on the community.(4mks)8/12/2020 Social responsibilities that a manufacturing firm should have on the community
Types of unemployment in an economy and give the cause for each..
Assumptions that are associated with perfect competitor.The diagram below shows the demand and supply curves of a certain commodity and the corresponding equilibrium price (Po) and quantity (Qo). On the diagram, show the new equilibrium quantity and price as a result of an increase in the supply of the commodity.Guidelines that may be used by the government of a country to promote efficient use of her resources
The following balances were extracted from the books of Rehema Traders on 1st January 2015.5/12/2020
The following balances were extracted from the books of Rehema Traders on 1st January 2015.
Ksh Capital 600,000 Creditors 180,000 Motor van 200,000 Furniture 200,000 Stock 60,000 Debtors 80,000 Cash 240,000
The following transactions took place during the year ended 31st December 2015:
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On 1st January 2015, Ndovu Traders had Ksh 30,000 in cash and Ksh 75,000 at the bank.
During the month, the following transactions took place:
Expected ResponseBenefits that may be realised by a country as a result of government policy to relocate Industries to rural areas
Explain five methods of determining the price of a product other than price control (10 marks)5/12/2020 Methods of determining the price of a product other than price control
On 1st September 2015, Gondi had Ksh 55,000 in hand and Ksh 250,000 at bank. During the month, the following transactions took place:
Expected ResponseFactors that may make a producer to by-pass the wholesaler when distributing goods
The following diagram represents the circular flow of income in a two sector closed economy.3/12/2020
The following diagram represents the circular flow of income in a two sector closed economy.
Identify two factors represented by each of the arrows labelled a and b. (4 marks)
Required: Prepare the balance sheet of Highlife General Stores as at 31st December 2015. (4 marks)
Ways of reducing the level of unemployment in Kenya
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