NAME: __________________________________________ADM.

NO: __________

ST. PHILIPS WERA MIXED SECONDARY SCHOOL.

BUSINESS STUDIES FORM FOUR CAT1 TERM1 -2023.

Instructions to the candidates.

- Write your name and admission number in the spaces above.

1. The following information relates to Zack Traders.

Sh.
Stock on 1 Jan, 2009
st
4,500
From the Stock on 31st Dec. 2009 5,000 above information calculate the
Gross Purchases 70,000 Profit of Zac Traders (4marks)
Sales 95,000
Returns outwards 1,200
Carriage inwards 1,000
Return inwards 1,500

2. You have been provided with the following information of Sakata Bakers

Sh.
 Stock on 31st Dec, 2008 10,000
Stock on 1st Jan, 2008 12,000
Purchases 40,000
Sales 65,000
Returns outwards 500
Returns Inwards 450
Carriage outwards 1,700
Carriage Inwards 2,300
Salaries 4,000
Postage 3,100
Rates 1,800
Capital 100,000
Discount received 5,150
Calculate:
i) Cost of goods sold (2marks)

ii) Gross profit (2marks)

iii) Net profit (2marks)

iv) Margin (2marks)

v) Mark – up (2marks)
vi) Average Stock (2marks)

vii) Rates of stock turnover (2marks)

3. Highlight four types of errors that cannot be revealed by a trial balance. (5marks)