August 16, 2021

Following balances

The following balances are extracted from the books of Wendani Limited for the year ended 30 April 2006. Sh. Share capital: 3,000,000 ordinary shares (fully paid) […]
August 16, 2021

Types of audit

Write briefly explanatory notes on the following types of audit: i. Statutory audit; (3 marks) ii. Private audit; (3 marks) iii. Balance sheet audit; (3 marks) […]
August 16, 2021

A real estate salesperson estimate

A real estate salesperson estimates that 80% of the customers with whom he deals, can qualify financially for a mortgage loan for the house of their […]
August 16, 2021

Pay As You Earn (PAYE) system

With reference to Pay As You Earn (PAYE) system: (a) Write explanatory notes on the following: (i) Taxation of pension income for a retired employee; ( […]
August 16, 2021

The law of diminishing marginal returns

(a) Explain briefly the law of diminishing marginal returns. (5 marks) (b) Explain briefly the difference between a probability density function and a probability distribution. (5 […]
August 16, 2021

An internal audit function

The director of one of your growing clients have decided to create an internal audit function in their organizational structure. Required: a) List and briefly describe […]
August 16, 2021

A chemical company is planning to launch a new fertilizer

A chemical company is planning to launch a new fertilizer and carries out a market survey in order to determine the likely demand. The survey indicates […]
August 13, 2021

Qualities of a good point estimator

State and briefly explain the qualities of a good point estimator. (10 marks)
August 13, 2021

VAT late payment penalty

(a) A company had VAT due amounting to Sh.300,000. It was late in making thepayment for six weeks. What late payment penalty will be charged? ( […]
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