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1.   Write in full the following abbreviations:                     

             i) Franco          

ii) O.N.

iii) C.W.O        

iv) I.O.U

2.   Outline the difference between the following types of wholesalers:            

          i) Rack jobbers and drop shippers                        

         ii) Specialized and generalized wholesalers.                  

3.   State four circumstances under which a customer would prefer to be paid by a banker’s cheque

4.   Give four contents of a statement of account                     

5.   State four limitation of hawking                        

6.   State four disadvantages a person may experience when using credit cards         

7.   Name four commercial services which are useful to a manufacturer         

8.   Give four disadvantages of barter trade   

11.   Differentiate between the following documents used in home trade:

           (a) Consignment note and delivery note                     

           (b) Credit note and Debit note                        

12.   A trader sold a bag of sugar at Kshs.4000. The buyer was allowed a trade discount of 10%. If he

pays the debt in two weeks and cash discount of 3% if payment is made within one month.

Calculate the amount the trader received if the buyer paid within 15days         

14.   State four circumstances under which a proforma invoice can be used         

15.    State four benefits of selling goods on hire purchase terms               

16.   List four advantages of hire purchase to the buyer                  

17.   List four essentials of a bill of exchange                     

18.   State four factors that determine the period for which documents should be stored      

19.   Identify four essentials of a valid bill of exchange                                               

20.   Mama Cindy purchased 100 packets of sweets worth kshs1625.if she was allowed a 5%

quantity discount and 2 ½% cash discount, calculate the price she paid per packets of sweets

SCIENCE
HEALTH SCIENCE
NURSING

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