KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
Outline one circumstance under which each of the following source documents may be issued by a trader:
(a) Debit note
(b) Invoice (e) Credit note (d) Quotation
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Below are some entries in the cash book of Romano Traders for the month of July 2010.
State the meaning of the following entries:
(a) July 1, 2010 Balance b/d, bank column, shs 100,000 (b) July 6, 2010 cash shs 20,000 and bank shs 20,000 (c) July 28, 2010 debtors shs 20,000 (d) July 31, 2010 Balance c/d shs 10,000
Meaning of the entries:
Highlight four circumstances under which the capital of a business may change.
Circumstances under which the capital of a business may change are:
State the type of unemployment relating to each of the following descriptions:
(a) Caused by alternating trading patterns occurring at similar times.
(b) Arises where workers have more skills and higher qualifications than the job requirements. (c) Arises out of a mismatch between the skills possessed by potential employees and the location of the jobs available. (d) Arises when people are unwilling to take up jobs due to low pay.
The following information relates to Karibu traders for the year ended 31 December 2008.
Determine owner’s capital using the information given above. (4 marks)
The following balances were extracted from the books of Wekesa Traders on 31 December,2009.21/12/2020 The following balances were extracted from the books of Wekesa Traders on 31 December,2009.
Using the above information, prepare Wekesa Trader’s Trial Balance on 3 December, 2009. (5 marks)
The participants in a two sector economy are households and firms. Identify the relevant participant in each of the statements given below:
State four functions of an office.
Functions of the office include:
Highlight four external factors that may negatively influence the operations of a business.
Highlight four external factors that may negatively influence the operations of a business.20/12/2020 Highlight four external factors that may negatively influence the operations of a business.
Outline four ways in which business studies may be of benefit to an individual.
Ways in which Business Studies may benefit an individual include:
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