Day: July 11, 2022

HUMAN AND PUBLIC RELATIONS HUMAN RELATIONS Human Relations is the skill or ability to work effectively through and with other people. It includes a desire to understand others, their needs and weaknesses and their talents and abilities. In a workplace Read More …

1. (a) The following balances were extracted from the accounting records of Memory Suppliers as at 30th September, 2011. Kshs ‘000’ Motor vehicles 15,000 Accounts receivable 850 Motor expenses 230 Rent and rates 250 Discount received 46 Wages and salaries Read More …

SECTION A (32 marks) Answer ALL the questions in this section in the spaces provided. 1. Highlight two uses of the petty cash book. (2 marks) 2. The following table shows the liabilities, assets and capital of three businesses. Determine Read More …

(i l Equipment costing Ksh 7 JOO was acquired during the year. (ii) A motor vehicle bought for Ksh 500JOOO tn the year 2011 was disposed of for Ksh 300,000, during the year 2013. I mi Land was revalued at Read More …

The following is the statement of financial position of Rexen I ratters as at 1 June 2015: Non-current Assets Ksh. Katu Fumirure and fittings 530.000 Motor vehicles 750.000 1,280,000 Current Assets Inventory 85.000 Accounts receivable 214.000 Cash in hand 39.400 Read More …

Determine: (i) total capital expenditure, (ii) total revenue expenditure (8 marks) On 1 May 2016, Jona started a business with Ksh 190,000 in cash The following transactions took place during the month: 2016 May 1 Opened a business bank account Read More …

1. (a) Explain five users of accounting information. (10 marks) (b) The trial balance of Benda Traders prepared on 31 October 2017 failed to agree. The following errors were subsequently revealed. • Credit sales of Ksh 10,720 to Victoria was Read More …

Prepare: I. Sales journal; II. Purchases journal; III. Returns inwards journal; IV. Retums outwards journal. Post the totals of the journals prepared in (i) above to the respective ledger accounts. (12 marks’ 2. ( a) Explain the meaning of each Read More …

1. (a) Explain each of the following terms as used in accounting; (i) accruals concept; (ii) going concern concept; (iii) dual aspect concept; (iv) monetary unit concept (8 marks) (b) On 31 December 2017, the trial balance of Watimo Traders Read More …

Quantitative-Techniques-July-2014-Past-Paper-KNEC-Diploma Knec Past Paper