Month: July 2022

(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

Quantitative-Methods-November-2016 Knec Past Paper

Arithmetic-December-2014-Past-Paper-ECDE-Certicficate Knec

1. (a) Outline five roles that may be undertaken by managers in the day-to-day running of an organization. (10 marks) (b) Management by Objectives (MBO) is one of the strategies that may be adopted by morganizations in order to achieve Read More …