KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
Watamu Enterprises had the following assets and liabilities on 1st May 2014:
The following transactions took place on 2nd May 2014:
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Merits of indirect taxes
Merits of indirect taxes include:
​The following information was extracted from the books of Leila Traders on 31st July 2016:22/11/2020 The following information was extracted from the books of Leila Traders on 31st July 2016: List four books of original entry that may be used to record transactions affecting stock.(4 marks)22/11/2020 Books of original entry that may be used to record transactions affecting stock
Books of original entry that may be used to record transactions affecting stock are:
Measures that may be taken by the government to control inflation
Measures that may be taken by the government to control inflation include:
Measures that can be taken to increase the volume of exports
AnswerCharacteristics of a good tax system include:
The following information was extracted from the books of Jabalà Traders on 31 December2015.31/5/2020 (a)Determine net purchaseAnswer Determining net purchases: Purchases 84,375 Add: Carriage in 9,170 =93545 Less: returns out 15,520 Net purchases = 78025 (b)State two reasons for preparing the trading account Reasons for preparing the trading account include:
AnswerFunctions of the Department of external trade in the ministry of Industry, Trade and Co-operatives include:
AnswerCircumstances under which each of the terms of trade would be applied in foreign trade are:
​KCSE PAST PAPERS: BUSINESS STUDIES FORM 4 TOPICAL QUESTIONS AND ANSWERSQUESTIONS![]()
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