Achieng owned a motor vehicle valued at Sh. 1,000,000. She comprehensively insured the car at Sh. 300,000. The motor vehicle was involved in an accident and declared a write off. Calculate the amount Achieng should get from the insurer. (4mks)

Highlight four benefits that accrues to a trader who advertises goods using a radio. (4mks)

State four elements of the economic environment that may influence the operations of a business. (4mks)

State the line of communication involved in each of the following. (4mks)

(a) The manager of EFG company Ltd talking to the manager of XYZ company Ltd....................................

(b) A secretary asking for time off from her boss...........................................

(c) The production manager giving instructions to the secretary of the sales manager ...................................

(d) The store keeper giving explanations to the chief accountant.....................................

State four reasons for cost push inflation. (4mks)

Christine provided the following information for the month of January 2021.
                                                         Sh.
Stock as at 1/1/21                            20,000
Stock as at 31/1/21                          30,000
Purchases                                        50,000
Margin                                              20%
Prepare her trading account for the period ended 31st January 2021. (4mks)

State four types of expenditure that are included in measuring national income using expenditure approach. (4mks)

Identify the source documents into which the information given in the table below would be recorded. (4mks)

The following figures relate to Jumbo traders for the year ended 31.12.20.

Determine the capital as at 01/01/20. (4mks)

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