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 […]

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 […]

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

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 […]

Distinguish between farm works deductions and capital deductions.

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. […]

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 […]

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 […]

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 […]