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2019 mokasa business studies paper 2

  1. Explain five ways in which division of labour is useful to a firm.
  2. Explain four insurance policies you would advise a hospital chief executive officer to
    insure against.
  3. a) Give five differences between perfect competition and monopoly market structures.
    (10 marks)
  4. b) Explain five guidelines county governments need to follow before spending public
    funds. (10mks)


    • Bank 15,000(Cr)
    • Cash 25,000(Dr)The following transactions took place in the business of Mokaya enterprise in the month of July 2017July 1:            Started business with sh. 150,000 in bank and ksh, 30,000 in cashJuly 3:            Purchased goods valued at sh. 34,000 from Kioko on creditJuly 8:            Paid rent sh. 13,000 by chequeJuly 10:          Purchased office equipment valued at Ksh. 45,000 from Daima stores                        and paid by cheque.July 12:          Sold goods in cash Ksh. 15,000July 15:          Paid Chemtai Ksh. 24,000 by cheque

      Required: Use the above information to;

      (i)        Prepare the relevant ledger accounts and balance them off as at 15th July 2017

      (6 marks)

      (ii)       Extract a trial balance                                                                                              (4 marks)

      1. a) Explain five benefits that may be realized by a country as a result of government            policy to relocate industries to rural areas.                                                        (10 marks)
      2. b) On 1st of April 2018, Machofi Traders had the following balances:

    The following transactions took place during the month of April 2018.

    April:

    3rd:      Paid wages in cash sh. 15,000

    5th:      Bought goods worth sh. 750

    6th:      Received cheques from the following debtors after allowing a 2% discount in each case.  Rioki sh. 980, Kombo sh. 1,960

    8th:      Chebe paid a cheque for sh. 1,000

    11th:    Bought machinery by cheque for sh. 5,000

    13th:    Cash sales paid directly to the Bank sh. 4,000

    15th:    Withdrew cash sh. 1,000 for private use

    20th:    Cash sales sh. 20,000

    21st:    Banked cash amount sh. 1,000

    24th:    A cheque recorded from Chebe on 8th of April was dishonoured

    27th:    Received sh. 3,000 from Kiko a debtor

    30th:    Bank all the available cash except sh. 1,000

    Prepare Machofi Traders Three column cash book for the month of April, 2018

    (10 marks)

2019 MOKASA BUSINESS STUDIES PAPER 2

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2019 MOKASA AGRICULTURE PAPER 2