When the business expenses are more than its income.

A plan that ensures income is spent wisely.

The act of buying or selling.

Money kept aside for future use.

Items owed by the business.

items owned by the business

Money received by a business for services rendered or sale of goods.

Money invested into the business by the owner

Your gardener receives Ksh 9 880 per week for working in the garden every Saturday

Your parents are renting out the outside room of the house for Ksh 26 350.identify the type of personal income.

A street hawker receives Ksh 2 635 for selling sweets at the street corner. identify the type of personal income.

A teacher earns Ksh 197 646 per month. identify the type of personal income.

Your sister receives Ksh 9 880 as an income for investing money at a bank. identify the type of personal income.

1.      Calculate the Mwangi family’s total income for April.

Charlotte Mohamed has given you the following information for June and wants you to calculate her Net Worth.

Henry Onyango gave you the following information and has asked you to calculate his Net Worth. 

Property – Ksh 9,000,000

Loan from Bank – Ksh 6,000 000

Clothing account – Ksh 30,000

Car – Ksh 500,000

Furniture – Ksh 80 000

Credit Cards – Ksh 500 

Savings account – Ksh 26 000

Money in the bank – Ksh 10 000

Cell phone – Ksh 40 000

Computer – Ksh 80000

Loan to Uncle – Ksh 15000

Final Cut is a hairdressing salon owned by Rose Ochieng.  Calculate whether her business has made a profit or a loss for September. The image shows a list of all her income and expenses.