KASNEB Financial accounting - Question 1a

Outline four reasons for incomplete accounting records in an organisation.... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 1b(i)

Journal entries to correct the errors. (Narrations required). ... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 1b(ii)

Statement of adjusted profit for the period ended 30 April 2020. ... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 1b(iii)

Adjusted statement of financial position as at 30 April 2020.... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 2a

Distinguish between the 'direct' and 'indirect' methods of preparing a statement of cash flows.... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 3b

Partners' capital accounts.... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 3c

Partners currency a/c... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 3d

Statement of financial Position as at 31 March 2020... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 4a

Manufacturing account for the year mided 31 March 2020.... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 4b

Statement of profit or loss for the year in 31 March 2020. ... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 5a

Explain the following accounting concepts:(i) Matching concept.(ii)Realisation concept. ... [Click to view full question and step-by-step solution]

KASNEB Financial accounting - Question 5d

Discuss three sources of income for non-profit-making organisations.... [Click to view full question and step-by-step solution]

November 2020

Unit: Financial accounting

16 Questions

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Questions

Correction of errors and preparing financial statements with incomplete records

Outline four reasons for incomplete accounting records in an organisation.

1b(i)

Correction of errors and preparing financial statements with incomplete records

Journal entries to correct the errors. (Narrations required).

1b(ii)

Correction of errors and preparing financial statements with incomplete records

Statement of adjusted profit for the period ended 30 April 2020.

1b(iii)

Correction of errors and preparing financial statements with incomplete records

Adjusted statement of financial position as at 30 April 2020.

Analyzing Financial Statements

Distinguish between the "direct" and "indirect" methods of preparing a statement of cash flows.

Financial Statements of a company

Statement of cash flows in accordance with IAS 7 Statement of Cash Flows", for the year ended 31 December 2019.

Financial Statements of a partnership

Statement of profit or loss and appropriation account in columnar form for the two periods ended 30 September 2019 and 31 March 2020.

Financial Statements of a partnership

Partners' capital accounts.

Financial Statements of a partnership

Partners currency a/c

Financial Statements of a partnership

Statement of financial Position as at 31 March 2020

Financial Statements of a manufacturing entity

Manufacturing account for the year mided 31 March 2020.

Financial Statements of a manufacturing entity

Statement of profit or loss for the year in 31 March 2020.

Regulation and other principles guiding the accounting profession

Explain the following accounting concepts:

(i) Matching concept.

(ii)Realisation concept.

Regulation and other principles guiding the accounting profession

One of the qualities of accounting information is reliability.
Highlight four characteristics that accounting information could have in order for it to be reliable

The Accounting Process and Systems

Outline six challenges that might be faced by an organisation that is switching from a manual accounting system to a computerised accounting system.

Statements of a not-for-profit entity

Discuss three sources of income for non-profit-making organisations.

November 2020

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