August 13, 2021

Effects of Value Added Tax on business

(a) Explain any FOUR effects of Value Added Tax on business. ( 8 marks) (b) Specify the rules relating to appeal against the Commissioner’s decision under […]
August 13, 2021

Procedures of obtaining audit

Describe the various procedures of obtaining audit evidence giving an example of each by way of illustration. (10 marks)
August 13, 2021

Terms in relation to audit evidence

a) Explain the meaning of the „audit evidence‟. (4 marks) b) Write a brief explanatory notes on the following terms in relation to audit evidence: i. […]
August 13, 2021

Advantages of auditing a sample of the accounts

Transparency and Co. Certified Public Accountants, have been appointed to audit accounts of Health National Hospital. Due to the large number of accounts, the consultants have […]
August 13, 2021

Audit evidence

a) Explain the meaning of the following audit terms: i. Tests of control. (3 marks) ii. Substantive tests. (3 marks) b) Explain the meaning of the […]
August 13, 2021

Registered pension scheme

Mr. Kiplimo is finalizing his tax affairs for the year of income 2005. He and his wife had the following income and transactions for 2005: 1. […]
August 13, 2021

The property of convexity to the origin of an indifference curve

(a) (i) Define an indifference curve (2 marks) (ii) Illustrate and clearly explain the nature of indifference curves for perfect substitutes and for complementary goods (7 […]
August 13, 2021

Uses of indifference curve analysis

(i) Briefly explain two exceptions to the definition of an indifference curve. (4 marks) (ii) Explain any four uses of indifference curve analysis. (8 marks)
August 13, 2021

Indifference curve

(i) What is an indifference curve? (3 marks) (ii) Explain the main characteristics of indifference curves (12 marks)
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