Indicate in the spaces provided whether the following taxes are either direct taxes or indirect taxes. (4mks)

State four characteristics of a good filing system. (4mks)

Highlight four reasons why there is need for a business to observe ethics. (4mks)

State the meaning of the following entries in the following ledger accounts. (4mks)

The government has risen the retirement age for civil servants from 55 years to 60 years. Highlight four economic effects of such a move. (4mks)

Outline four differences between shares and debentures. (4mks)

Highlight four characteristics of basic human wants. (4mks)

State four factors that may lead to unfavorable terms of trade. (4mks)

Outline four tools of monetary policy that the government may use to reduce excess money in circulation. (4mks)

State whether each of the following transactions will increase, decrease or have no effect on the balance sheet totals. (4mks)