August 18, 2021

The capital deductions

John, a farmer, constructed a farmhouse on 2 January 2005 for Sh.6,000,000 and incurred the following additional expenditure: Sh. 2.1.2005 30.6.2005 30.9.2005 30.10.2005 Cattle dip Irrigation […]
August 18, 2021

Farm works deductions and capital deductions

Distinguish between farm works deductions and capital deductions.
August 18, 2021

Employment offer

Mr. Joe has two offers for employment in two engineering firms. The details of the two offers are as follows: Firm A Sh. Firm B Sh. […]
August 18, 2021

Matters that have to be considered in respect of a system of internalcontrol for cash sales

Explain the matters that have to be considered in respect of a system of internal control for cash sales in a service station that sells petrol […]
August 18, 2021

Main objectives of an internal control system

a) What are the main objectives of an internal control system? (5 marks) b) What are the disadvantages of rigidly adhering to a system of internal […]
August 18, 2021

Prices and quantities reflect the average weekly consumption patterns

The following prices and quantities reflect the average weekly consumption patterns of a certain family for the years 2001 and 2001. Year 2001 Year 2002 Item […]
August 18, 2021

Terms as used in index numbers

Explain the following terms as used in index numbers: (i) Price index (3 marks) (ii) Quantity index (3 marks) (iii) Composite index (3 marks) (iv) Value […]
August 17, 2021

Capital allowances due to the company

Richex Limited has provided the following profit and loss account for the year ended 31 December 2005: Profit and Loss Account for the year ended 31 […]
August 17, 2021

Regress S on ASVABC, SM, and SF

Regress S on ASVABC, SM, and SF, where S is the number of years schooling, ASVABC is a measure of cognitive ability, SM is the respondent’s […]
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