August 12, 2021

Terms as used in statistical inference

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) […]
August 11, 2021

Terms as used in linear programming

Define the following terms as used in linear programming: (i) Feasible solution (2 marks) (ii) Transportation problem. (2 marks) (iii) Assignment problem. (2 marks)
August 11, 2021

Main factors which influence the auditor in determining the size of a sample

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 […]
August 11, 2021

Total taxable income

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 […]
August 11, 2021

Income Tax

(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 […]
August 11, 2021


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) […]
August 11, 2021

Audit programme

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. […]
August 11, 2021

Tax implications of operating a business as a company and a sole proprietorship

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 […]
August 11, 2021

Sole proprietorship and limited liability

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 […]
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