Explain five factors which would indicate to the auditor that the going concern assumption of the business entity he is auditing is threatened.

Leisure Publishers Ltd. recently published 20 romantic novels by 20 different authors. Sales ranged from just over 5,000 copies for one novel to about 24,000 copies […]

Briefly explain the meaning of the following terms as used in auditing: i. The materiality concept. ii. The going concern concept.

(a) What is instalment tax and when is it payable? (b) Who is a ‘whole time service director’ as defined by Income Tax Act (cap 470)?

In 250 – 300 word count, clearly explain the concept of liquidity trap

How do commercial banks „create credit‟? What are the limitations to this credit creation?

A central bank is largely referred by economists as the bank at the apex with monetary authority. Clearly explain the major functions of a central bank.

You are given the following information about the commodity and Money markets of a closed economy without government intervention. The commodity market Consumption function: C = […]

(a) What does the term employer include for PAYE purposes? ( 4 marks) (b) J. Selina is an accountant with K Enterprises Ltd. Details of employment […]