KCSE BASED BUSINESS STUDIES QUESTIONS WITH ANSWERS
Benefits that may accrue to a community that is involved in trading activities.
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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.
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- 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. Ways that a government can use to finance a budget deficit.
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 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.
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
Traders are required to observe ethical practices when carrying out product promotion. Explain five reasons for observing such ethical practices
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 ResponseReasons that may influence the government to start a parastatal
Advantages of government involvement in business
Explain five factors that may promote the growth of entrepreneurship in Kenya. (10 marks)29/11/2020 Factors that may promote the growth of entrepreneurship in Kenya
Factors that may promote the growth of entrepreneurship in Kenya include:
Methods that the government may use to increase supply of goods in the market
Methods that the government may use to increase the supply of goods in the market include:
Circumstances under which a country may realise surplus in its balance of payments
Circumstances under which a country may realize surplus in its balance of payment include:
Demerits of the output approach in measuring national income
The following transactions relate to Dagoreti Enterprises for the month of March 2016
Required: Prepare a two column cash book for the month of March 2016. (10 marks) Expected ResponseDisadvantages of using direct taxes to raise government revenue
Disadvantages of using direct taxes to raise revenue include:
Benefits that a private limited company would get by converting to a public limited company
Benefits that a private limited company would get by converting to a public limited company include:
The following Trial Balance was extracted from the books of Ojwang Limited on 31 December 2013.29/11/2020 The following Trial Balance was extracted from the books of Ojwang Limited on 31 December 2013. Expected ResponseDifferences between chain stores and departmental stores
Differences between chain stores and departmental stores include:
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