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1. C. increased output
2. C. harmony
3. B. adapts the environment to his need
4. B. low quality of life
5. A. husband father's compound
6. C. adolescence
[8/26, 1:53 PM] Sir Phillimon: 7. C. harmony
8. B. adapts the environment to his need
9. B. low quality of life
10. A. husband father's compound
11. C. adolescence
12. B. reading job advertisements
13. D. encouraging entrepreneurship
25. *A* pressure on children.
26. *C* - Inequitable in prioritizing projects.
27. *D* - plough back profit into the business.
28. *A*- struggle for political power.
29. *A* - Allowing only girls to study science at all levels.
30. *B* - poor leadership.
31. *C* - Encouraging political activities for the youth.
32. *B* lack of deposit mobilization.
33. *C* saving at home.
34. *B* self-confidence.
35. *C* lack of common currency.
36. *B* human resources.
37. *B* maintain national identity.
38. *B* qualitative increase in the manufacturing sector.
39. *A* adds to the collective effort towards nation-building.
40. *C* truancy.
41. *A* unrestricted executive powers.
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Actual papers Financial accounting
2a. The single entry method of bookkeeping is a simple and basic system for recording financial transactions. In this method, each transaction is recorded only once, either as an income or an expense, or as an asset or a liability.
2b I'd be happy to explain!

(i) Incomplete Books of Accounts:

1. *Identify available records*: Gather all available financial records, such as bank statements, invoices, receipts, and payment vouchers.
2. *Prepare a statement of affairs*: Create a statement of affairs to estimate the financial position of the business. This includes listing assets, liabilities, and capital (owner's equity).
3. *Estimate missing figures*: Estimate missing figures based on available records, industry benchmarks, or previous years' data.
4. *Prepare a profit and loss account*: Using estimated figures, prepare a profit and loss account to calculate profit or loss.
5. *Make adjustments*: Make necessary adjustments for omitted or incorrect entries.

*(ii) Complete Set of Books of Accounts:*

When a complete set of books of accounts is maintained, computing profit or loss is straightforward:

1. *Prepare a trial balance*: Ensure the debits and credits are equal by preparing a trial balance.
2. *Prepare a profit and loss account*: Transfer relevant accounts from the trial balance to the profit and loss account.
3. *Calculate profit or loss*: Calculate profit or loss by subtracting total expenses from total revenues.
2c.
1. *Sales Day Book*: Records all credit sales made by the business.
2. *Purchases Day Book*: Records all credit purchases made by the business.
3. *Sales Returns Book*: Records all sales returns or goods returned by customers.
4. *Purchases Returns Book*: Records all purchases returns or goods returned to suppliers.
5. *Bills Receivable Book*: Records all bills received from customers (accounts receivable).
6. *Bills Payable Book*: Records all bills issued to suppliers (accounts payable).
3a.
1. *Charitable or social mission*: Non-profits aim to address social, economic, or environmental issues, improving lives and communities.
2. *Public benefit*: Non-profits serve the public interest, providing goods or services that benefit society as a whole.
3. *Tax exemption*: Non-profits are often exempt from taxes, allowing them to allocate more resources to their mission.
4. *Donations and funding*: Non-profits can receive donations, grants, and funding from individuals, organizations, and government agencies.
5. *Volunteer engagement*: Non-profits can engage volunteers, fostering community involvement and support.
6. *Advocacy and education*: Non-profits can raise awareness, advocate for policy changes, and educate the public on specific issues.
7. *Community building*: Non-profits can bring people together, creating a sense of community and social connection.
8. *Innovation and research*: Non-profits can innovate, research, and develop solutions to address specific challenges.
9. *Accountability and transparency*: Non-profits are accountable to their stakeholders, ensuring transparency in their operations and finances.
10. *Legacy and impact*: Non-profits can leave a lasting legacy, making a positive impact on society.
3a. Just give them three or two points
3b . In a non-profit organization, some common items of expenditure include:

1. Salaries and Wages:
2. Rent and Utilities:.
3. Program Expenses:
4. Fundraising Costs: Expenditure related to raising funds for the organization's operations.
5. Administrative Expenses:
3c.

1. Mission-Driven
2. Non-Distribution Constraint
3. Tax-Exempt Status
4. Governed by a Board
Animal Husbandry actual papers.
2024/09/29 22:37:13
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