Easy problem of final account
Answers
Answered by
0
HEY MATE
HERE IS UR ANSWER
Problem 2:
The authorised capital of Inter-State Distributors Ltd. is Rs 7, 50,000 consisting of 3,000 6% cumulative preference shares of Rs 100 each.
The following is the trial balance drawn up on 31st December 2004:

(a) The value of stock on 31st December 2004 was Rs 2, 15,000.
(b) Depreciation on freehold properties is to be provided at 2½ A% and on furniture at 6%.
(c) The directors propose to pay the second half year’s dividend on preference shares and a 10% dividend on equity shares.
(d) Shares have been forfeited on non-payment of Rs. 35 per share. You are required to prepare final accounts of the company.
Solution:


HOPE IT HELPS
PLz mark as brainlist
all rhe best for ur exam
HERE IS UR ANSWER
Problem 2:
The authorised capital of Inter-State Distributors Ltd. is Rs 7, 50,000 consisting of 3,000 6% cumulative preference shares of Rs 100 each.
The following is the trial balance drawn up on 31st December 2004:

(a) The value of stock on 31st December 2004 was Rs 2, 15,000.
(b) Depreciation on freehold properties is to be provided at 2½ A% and on furniture at 6%.
(c) The directors propose to pay the second half year’s dividend on preference shares and a 10% dividend on equity shares.
(d) Shares have been forfeited on non-payment of Rs. 35 per share. You are required to prepare final accounts of the company.
Solution:


HOPE IT HELPS
PLz mark as brainlist
all rhe best for ur exam
Similar questions