Day: July 5, 2022

SECTION A (40 marks) Answer ALL questions in this section in the spaces provided. 1. List four users of accounting information. (2 marks) 2. An amount paid for machinery repairs was debited to machinery account. State the type of error Read More …

WEDNESDAY: 27 November 2019.                                                                          Read More …

SECTION A (40 marks) Answer ALL the questions in this section. 1. State two uses of accounting information. (2 marks) , 2. Classify each of the following expenditures as either capital or revenue: (i) Repairs of motor vehicles used in Read More …

TUESDAY: 26 November 2019.                                                                          Read More …

SECTION A (40 marks) Answer ALL the questions in this section. 1. State the meaning of each of the following terms as used in accounting: (i) Asset; (ii) Liability. (2 marks) 2. List two classifications of ledgers. (2 marks) 3. Read More …

TUESDAY: 26 November 2019.                                                                                                                         Time Allowed:  3 hours. Answer any THREE questions in SECTION I and any TWO questions in SECTION II. ALL questions carry equal marks. SECTION I QUESTION ONE 1.           With reference to the Read More …