Question

Problem 14.
From the following details show how the capital structure and other items relating to a limited
company would appear in its Balance Sheet:
The authorised capital consisted of 3,000, 10% cumulative preference shares of 3 100 each ani
8,000 equity shares of 100 each, out of which 1,000 cumulative preference shares were issued
the public, fully called and paid up, and 3,000 equity shares have been issued and fully called
but there are arrears of 20 per share on 400 shares. Capital Reserve Account * 15,000, Mortga
Debentures 50,000, Bank Overdraft 7 25,000, Profit & Loss Surplus 376,000, Securities Premium
Account * 22,000.

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Answer 1

Answer:

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