1. Your youth group plans to start a bakery in your home town.

    1. Identify the requirements for starting the business
    2. Prepare a market survey guide for your business.
    3. How will you prompt sales of your business?
    4. Design a receipt that will be used in your business.

  2. You have decided to start a restaurant in your community.

    a) Write a letter to the Health Inspector requesting for inspection of your premises.
    b)State five requirements you must fulfill before obtaining a trading license for your business.
    c)Design a sign post to advertise your restaurant.
         i) Identify any four types of personnel you will recruit for your restaurant.
         ii)What factors will you consider when recruiting the staff mentioned in (d) (i) above?

  3. The Petty Cashier of your school is given a monthly imprest of Shs2,000,000. On 31st August 2017, the petty cash at hand was Shs410,000. During the month of September 2017, the following transactions took place:

    September 2017                                                      Shs
    2nd                  Paid newspapers                             140,000

    4th                   Bought cleaning materials                240,000

    6th                   Paid staff tea                                   150,000

    8th                   Bought brooms                                   5,000

    10th                 Paid Cleaners                                  100,000

    13th                 Bought envelopes and stamps             20,000

    15th                 Paid bursar’s travel expenses            300,000

    17th                 Bought box files                               100,000

    20th                 Paid Staff Transport                          150,000

    22nd                Bought staff soda                             100,000

    25th                 Sent mails to staff                            150,000

    28th                 Bought reams of paper                     240,000

    30th                 Paid Momo, a creditor                        40,000

    Required.

    1.  Calculate the cash re-imbursed on 1st 2017.
    2. Prepare a Petty Cash Book for your school using stationery, cleaning, travelling, postage, office expenses and ledger analysis columns.
    3. Show the postings of the Petty cash book to their respective ledger accounts


  4. The following information relates to the Trial Balance of J. Muso, an entrepreneur as at 31st December 2016
    J.MUSO
    TRIAL BALANCE
    AS AT 31ST DECEMBER 2016

    DETAILS

    DR(Shs)

    CR(Shs)

    Sales   1,300,000
    Stock (1st January2016) 120,000  
    Carriage outwards 30,000  
    Return inwards 100,000  
    Return outwards   1,5000
    Discount allowed 8,000  
    Interest received   2,600
    Capital   1,00,1000
    Bank Overdraft   120,000
    Purchases 720,000  

    Rent and rates

    49,600  
    Debtors 18,000  
    Furniture 62,000  
    Cash at hand 30,000  
    Salaries 156,000  
    Land 130,000  
    Creditors   35,000
    Drawings 110,000  
    Motor Van 1,170,000  
    Loan   230,000
     

    2,703,600

    2,703,600


    Additional Information:

    Stock on 31st December was Shs75,000.
    Required
    a) Prepare:

    1. Trading, Profit and Loss Account for the year ended 31st December 2016.
    2. Balance Sheet as at 31st December 2016

          b) Determine the

               i.  Gross profit margin
               ii. Return on capital employed

5.   You have started a juice processing business in a trading centre of your community.
a) State the mission of your business.
b)Prepare a price list of your products.
c)What measures have you put in place to maintain customers of your business?
d) Describe any five types of taxes your business will pay to Uganda Revenue Authority.