Explain what is meant by the following terms as used in statistical inference: (i) Statistical hypothesis; (2 marks) (ii) Test of a hypothesis; (2 marks) (iii) […]

Define the following terms as used in linear programming: (i) Feasible solution (2 marks) (ii) Transportation problem. (2 marks) (iii) Assignment problem. (2 marks)

During the course of an audit, the auditor attempts to obtain sufficient relevant and reliable evidence to provide the satisfaction that the financial records are completed […]

Mr. Banu Shah provided the following information for the year ended 31 December 2005: o He was employed as a full time director of Letex Limited […]

(a) Now that there is self assessment under the Income Tax Act, does the Commissioner of Income Tax have to issue any assessment? Explain. ( 5 […]

An electric utility company has found that the weekly number of occurrences of lightning striking the transformers is a poisson distribution with mean 0.4. Required: (i) […]

i. Define the term audit programme. (2 marks) ii. Write in point form an audit programme to cover salary and wages of a small size firm. […]

A businessman is contemplating investing in a business worth Sh.5,000,000 but has not made up his mind on which form of ownership he will assume. The […]

Distinguish between sole proprietorship and limited liability forms of business in relation to: Income Tax PAYE for the owners of business Service charge for the owners […]