KASNEB Financial accounting - Question 1b

Explain five uses of control accounts in an organisation. ... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 1c(ii)

Statement of financial position as at 30 September 2021... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 2a

Statement of profit or loss for the year ended 30 June 2021.... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 2b

Statement of financial position as at 30 June 2021.... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 3a

Identify four books of original entry used in accounting... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 4a

Manufacturing and statement of profit or loss for the year ended 30 September 2021.... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 4b

Statement of financial position as at 30 September 2021.... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 5b

Discuss four sources of revenue for not-for-profit entities.... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 5c

Evaluate four qualities of useful financial information.... [Click to view full question and step-by-step solution]

CPA Financial accounting – December 2021 Past Paper & Answers

Unit: Financial accounting

13 Questions

Join the community! 550+ students upgraded in the last 24 hours. Limited Discount Seats Available

Questions

Download CPA Financial accounting December 2021 past paper with detailed answers and marking scheme. This paper is based on KASNEB examination standards and is ideal for revision and exam preparation.

Access the full paper online, download the PDF, or study offline. Each question includes step-by-step solutions to help you understand key concepts in Financial accounting.

Accounting in the Public Sector

Outline two benefits and two challenges of adopting International Public Sector Accounting Standards (IPSAS)

View Similar Exam Questions

The Accounting Process and Systems

Explain five uses of control accounts in an organisation.

View Similar Exam Questions

1c(i)

Financial Statements of a sole trader

The following balances were extracted from the books of Ruth Sifa, who runs a car wash business. She has no knowledge of double entry book-keeping but records everything correctly.

The following balances relate to the year ended 30 September 2021:

	Sh "000"
Accounts payable	200
Cleaning income	35,288
Cash balance	70
Own salary	21,200
Equipment	1,500
Repair to customers' cars due to damage	460
Miscellaneous expenses	220
Owed by customers	440
Insurance	700
License fees paid	1,050
Stationery	100
Bank balance	4,690
Cleaning materials inventory (30 September 2021)	6800
Opening capital balance	1,332

Ruth Sifa has not included the following items in her records:

1. As at 30 September 2021, bank charges amounted to Sh.90,000.

2. As at 30 September 2021, insurance amounting to Sh. 100,000 was pre-paid.

for doubtful debts of 50% of the amount owing as at 30 September 2021.

3. Amounts owed by customers might not easily be recovered. Ruth Sifa would like to make an allowance

4. License fees paid amounting to Sh.500,000 relates to the year ended 30 September 2020.

5. Equipment is to be depreciated over two years with no residual value 5.

Required:

(i). Statement of financial position as at 30 September 2021.

(ii). Statement of profit or loss for the year ended 30 September 2021.

View Similar Exam Questions

1c(ii)

Financial Statements of a sole trader

Statement of financial position as at 30 September 2021

View Similar Exam Questions

Financial Statements of a company

Statement of profit or loss for the year ended 30 June 2021.

View Similar Exam Questions

Financial Statements of a company

Statement of financial position as at 30 June 2021.

View Similar Exam Questions

The Accounting Process and Systems

Identify four books of original entry used in accounting

View Similar Exam Questions

Financial Statements of a company

Stirement of cash flows in accordance with requirements of International Accounting Standard (IAS) 7, "Statement of Cash Flows for the year ended 31 October 2021.

View Similar Exam Questions

Financial Statements of a manufacturing entity

Manufacturing and statement of profit or loss for the year ended 30 September 2021.

View Similar Exam Questions

Financial Statements of a manufacturing entity

Statement of financial position as at 30 September 2021.

View Similar Exam Questions

Correction of errors and preparing financial statements with incomplete records

Highlight four types of errors that might not affect the trial balanceHighlight four types of errors that might not affect the trial balance

View Similar Exam Questions

Statements of a not-for-profit entity

Discuss four sources of revenue for not-for-profit entities.

View Similar Exam Questions

Regulation and other principles guiding the accounting profession

Evaluate four qualities of useful financial information.

View Similar Exam Questions

CPA Financial accounting – December 2021 Past Paper & Answers

Download Complete Period

Questions

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Statement of financial position as at 30 June 2021.

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Statement of financial position as at 30 September 2021.

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

CPA Financial accounting – December 2021 Past Paper & Answers

Download Complete Period

Questions

Other Financial accounting Past Papers

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Statement of financial position as at 30 June 2021.

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Statement of financial position as at 30 September 2021.

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?

Want to join the discussion?