2010 KCSE Business Trial P2-001 Name………………………………………………… Index No. ……………………. School ………………………………………………… 565/2
JULY/ AUGUST 2010 Time: 2 ½ Hours 2010 KCSE Business Trial P2-001 RARIEDA DISTRICT JOINT EVALUATION TEST- 2010 Kenya Certificate of Secondary Education (K.C.S.E) 565/2
JULY/ AUGUST 2010 Time: 2 ½ Hours
INSTRUCTIONS TO CANDIDATES.
- This paper consists of six questions.
- Answer any five questions.
- Write your answers in the answer booklet provided.
- All questions carry equal marks.
This paper consists of 3 printed pages. Candidates should check the question paper to ensure that all pages are printed as indicated and no questions are missing 1. (a) Explain five circumstance under which a partnership may be dissolved. (10 marks) (b) Explain five policies found under general accident ,Insurance (10 marks 2. (a) Draw a labeled diagram to illustrate the determination of price and output under Monopoly. (10 marks) (b) Highlight five purposes of taxation. (10 marks) 3. (a) Highlight five differences between Commercial banks and non-bank financial Institutions. (10 marks) (b) A business enterprise had the following transactions in September 2008. September 1: Bought goods at Shs. 10,000 from Baraza. September 3: Sold goods at Shs. 3,000 on credit to Kosgey. September 8: Returned goods worth Shs. 2,000 to Owino September 12: Bought goods worth Shs. 5,000 on credit from Patel Required: (i) Record the above transactions in the required journals. (7 marks) (ii) Shows the posting from journals to ledger accounts (3 marks) 4. (a) Explain five uses of National Income statistics (10 marks) (b) Describe five factors that determine price elasticity of demand. (10mks) 5. (a) Most firms have introduced customer care services as part of their promotion techniques. Highlight five benefits of this method to a firm. (10 marks) (b) The table below shows the total cost of a certain produce of the given out-put levels
|Out – put level||Total cost|
Add columns to show the following at each level of out – put. (10mks) i. Fixed cost. ii. Variable cost. iii. Average variable cost. iv. Marginal cost. 6. (a) Explain the roles played by Kenya Ports Authority in ensuring that sea transport. (10mks) operate efficiently. (b) Below is a Trial balance belonging to Mumias Traders. Mumias Traders Trial Balance as at 31/12/2004
Additional information. v. Closing stock Kshs. 25,000 vi. Outstanding salaries Kshs. 450 vii. Insurance Kshs. 900 has been paid in advance viii. Depreciate machinery by 10% on cost – Required: – c) Prepare Trading Profit and loss account for the period ended 31/12/2004. d) Balance sheet as at 31/12/2004. (10 marks) Download MS versions of :
This Question paper->2010 KCSE Business Trial P2-001
Marking Scheme->2010 KCSE Business Trial P2-001M