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Your youth group plans to start a bakery in your home town.
- Identify the requirements for starting the business
- Prepare a market survey guide for your business.
- How will you prompt sales of your business?
- Design a receipt that will be used in your business.
- 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? - 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.
- Calculate the cash re-imbursed on 1st 2017.
- Prepare a Petty Cash Book for your school using stationery, cleaning, travelling, postage, office expenses and ledger analysis columns.
- Show the postings of the Petty cash book to their respective ledger accounts
- 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:- Trading, Profit and Loss Account for the year ended 31st December 2016.
- 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.