August 9, 2021

Terms

Explain the following terms: (a) Materiality; (4 marks) (b) The duty of confidentiality; (5 marks) (c) Professional indemnity insurance; (3 marks) (d) Peer review; (3 marks) […]
August 9, 2021

Income Tax

With reference to Income Tax, write short notes on the following: (a) Self assessment; ( 4 marks) (b) Notice of Objection; ( 4 marks) (c) NSSF; […]
August 9, 2021

Market Equilibrium

Write short notes on Market Equilibrium. (6 marks) b) Using the following demand and supply functions of a commodity x, compute the equilibrium price and quantity. […]
August 9, 2021

Tax computation.

Kenwide Enterprises Ltd. is a distributor of wines and spirits. The profit and loss account for the year ended 31 December 2005 is as follows: Sh. […]
August 9, 2021

whether pairs of events are independent

State briefly whether the following pairs of events are independent, and why. (i) Being an accountant and having large feet. (2 marks) (ii) Earning a large […]
August 9, 2021

Why an auditor can be unwilling to take full responsibility

i) Why should the auditor be unwilling to take full responsibility for the detection of fraud during the annual audit? Explain. (5 marks) ii) Discuss the […]
August 9, 2021

measures of central tendency and dispersion

The table below shows the income per month of borrowers and the percentage of all mortgages as provided by Building Society Mortgages in the year 2000. […]
August 9, 2021

Auditors’ responsibility

a) Do you believe that the auditors should be responsible to users other than the shareholders? Give reasons to support your answer. (5 marks) b) Does […]
August 9, 2021

Cost function

Two machines, A and B are used to process certain items. The cost function for each machine is given by: Machine A: Y = 15 + […]
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