Question: 1. List four items that may affect the ending capital of a business 2. The following relates to Katiba traders as at 31st April 2010

1. List four items that may affect the ending capital of a business

2. The following relates to Katiba traders as at 31st April 2010 Kshs. Capital 600,000 Motor van 280,000 Furniture 80,000 Current assets ? Current liabilities 50,000 Prepare Katiba's between sheets

3. Asman Traders had the following information extracted from their books of accounts as at 31st June 2006 Shs. Capital (1st July 05) 3 500 000 Additional investment 540 000 Drawings for the year 25 200 Capital (31st June 06) 6 000 000 Determine the profit for the year

4. State four characteristics of Assets

5. Use the balance sheet equation to fill the missing figures in the table below CAPITAL() LIABILITIES ASSETS

(a) 21,920 ? 30,341

(b) ? 2.192 19,840

(d) ? 73,000 100,920

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