Internal control systems are designed, amongst other things, to prevent error and misappropriation. Required: Describe the errors and misappropriations that may occur if the following are […]

The monthly electricity bill at the Chez Paul Restaurant over the past 12 months has been as follows: Month Amount (Sh.) December January February March April […]

An increasing number of organizations operate sophiscated corporate planning models. Quite often these models feature integrated models for the production, marketing and finance sub-systems. While linkage […]

(a) Briefly explain each of the following distributions indicating whether it is a discrete or a continuous distribution. (i) Binomial distribution (3 marks) (ii) Poisson distribution […]

Write explanatory notes on the taxes listed below and in each case indicate whether the tax complies with the main principles of a good tax system. […]

Kalamuka Maize Millers Limited purchased a building on 1 January 2005, for Sh.4,000,000. It was brought into use on the same day. The sellers construction cost […]

Because of economic conditions, a firm reports that 30 percent of its accounts receivables from other business firms are overdue. The firm’s policy is that if […]

(a) What is meant by the term qualifying expenditure? ( 2 marks) (b) Name and briefly explain items which may be included in the qualifying expenditure […]

Mia Shillings Department Stores has compiled the following data concerning its daily sales. The sales for each day of the week are normally distributed with the […]