August 18, 2021

A production department uses a sampling procedure to test the quality of newly produced items

A production department uses a sampling procedure to test the quality of newly produced items. The department employs the following decision rule at an inspection station: […]
August 18, 2021

Relevance to the overall audit objective of forming an opinion and reporting on the financial statements

In the course of the audit of ABC Stationers Ltd. for the year ended 30 June 2001, you have noted and recorded in the audit working […]
August 18, 2021

The purchases and sales

Given below were the purchases and sales made by Tough Limited during the month of December 2005. The prices were inclusive of VAT at the standard […]
August 18, 2021

The benefits of value added tax

State and explain the benefits of value added tax (VAT) in the context of the principles of a good tax system. (20 marks)
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 […]
My Account