cs14-principles-of-accounting-and-taxation-pilot-paper
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DATE 06 Dec 2025
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About This Document
Document Type: This is a Study Notes, designed for Reviewing core curriculum material.
Context: Standard material from the 2021 academic period.
Key Content: Likely covers essential definitions, structured questions to test your proficiency.
Study Strategy: Summarize these notes into flashcards or mind maps to aid active recall and long-term retention.
Recommendation: comprehensive resource for students aiming to deepen their understanding of General Studies.
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Introduction
This notes resource titled "cs14-principles-of-accounting-and-taxation-pilot-paper" serves as a practical guide to help you master key topics and skills. This resource is structured to facilitate effective learning and retention of important information.
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Learning Objectives
- Develop comprehensive understanding of key topics
- Apply learned concepts to real-world scenarios
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- Achieve academic excellence in notes
Detailed Summary
CS FOUNDATION LEVEL PILOT PAPER December 2021. PRINCIPLES OF ACCOUNTING AND TAXATION Time Allowed: 3 hours. Marks allocated to each question are shown at the end of the question. Any assumptions made must be clearly and concisely stated. RATES OF TAX (Including wife’s employment, self-employment and professional income rates of tax). ke Assume that the following rates of tax applied throughout the year of income 2020: Monthly taxable pay Annual taxable pay Rate of tax (Sh. ) Up to 1200 cc 3,600 43,200 1201 1500 cc 4,200 50,400 1501 1750 cc 5,800 69,600 1751 2000 cc 7,200 86,400 2001 3000 cc 8,600 103,200 Over 3000 cc 14,400 172,800 w. ch Residual value (per year on reducing balance) w Rate of investment allowance w Investment allowance: i. With reference to the above provision, outline four contents of the circular. (4 marks) (b) Discuss four responsibilities of the National Treasury in the administration of the consolidated Fund. (8 marks) (c) Explain four fiscal responsibility principles enforced by the National Treasury in Managing National Government Public Finance. (8 marks) (Total: 20 marks) QUESTION TWO Tom and Ken are partners sharing profits and losses in the ratio of 3:2 respectively.
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CS FOUNDATION LEVEL PILOT PAPER December 2021. PRINCIPLES OF ACCOUNTING AND TAXATION Time Allowed: 3 hours. Answer ALL questions. Marks allocated to each question are shown at the end of the question. Show ALL your workings. Any assumptions made must be clearly and concisely stated. RATES OF TAX (Including wife’s employment, self-employment and professional income rates of tax). Year of income 2020. o. ke Assume that the following rates of tax applied throughout the year of income 2020: Monthly...
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