2014july_ocr-7
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DATE 08 Dec 2025
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SIZE 3.35 MB
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notes
About This Document
Document Type: This is a Study Notes, designed for Reviewing core curriculum material.
Context: Standard material from the 1916 academic period.
Key Content: Likely covers essential definitions, theoretical concepts necessary for mastery of the subject.
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.
Detailed Content Overview
Introduction
This notes resource titled "2014july_ocr-7" offers detailed study notes covering essential concepts and theories. This resource is structured to facilitate effective learning and retention of important information.
Key Topics Covered
Learning Objectives
- Understand fundamental principles and core concepts
- Build a strong foundation for advanced study
- Connect theoretical knowledge with practical applications
- Prepare comprehensively for assessments and exams
Detailed Summary
ke SECTION A (32 marks) Answer ALL the questions in this section in the spaces provided. Highlight two uses of the petty cash book. Business (2 marks) Assets (Ksh) Liabilities (Ksh) Capital (Ksh) Explain each of the following accounting concepts: s. (4 marks) kn ec (i) (ii) no te 2. 120,000 X 60,000 9 380,000 Y 640,000 9 170,000 390,000 Z The following table shows the liabilities, assets and capital of three businesses. Determine the value of the missing items. Classify each of the following expenses as either revenue expenditure or capital expenditure: 2 1923/202, 2922/102 (i) purchase of stock knecnotes. ke ec no te s. k e On 1 January, 2009, Juma bought equipment for K. The equipment was expected to depreciated at a rate of 15% per annum using reducing balance method. For the three years ended 31 December, 2009, 2010 and 2011, prepare the provision for depreciation account. Prepare a statement of affairs as at 30 June, 2012. ke Farida had the following data relating to her business. Cost of Sales (Ksh) Sales (Ksh) Expenses (Ksh) 2010 2011 540,000 590,000 1,500,000 1,600,000 360,000 712,000 e Year co.
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Summarization
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Collaborative Learning
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Regular Review
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Content Preview
knecnotes.co.ke SECTION A (32 marks) Answer ALL the questions in this section in the spaces provided. 1. Highlight two uses of the petty cash book. Business (2 marks) Assets (Ksh) Liabilities (Ksh) Capital (Ksh) Explain each of the following accounting concepts: s. 3. Going concern; Accruals. (4 marks) kn ec (i) (ii) no te 2. co .k e ? 120,000 X 60,000 9 380,000 Y 640,000 9 170,000 390,000 Z The following table shows the liabilities, assets and capital of three businesses. Determine the value of...
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