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 …
Day: July 11, 2022
Financial Accounting 2018 July Knec Past Paper
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 …
Financial Accounting 2018 November Knec Past Paper
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 …
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