The following information relates to Kemp plc for the year to 31 March 20X9: Required: Write up
Question:
The following information relates to Kemp plc for the year to 31 March 20X9:
Required:
Write up the following accounts for the year to 31 March 20X9, being careful to insert the appropriate date for each entry and to bring down the balances as at 31 March 20X9:
(i) Ordinary dividends;
(ii) Deferred taxation.
Transcribed Image Text:
1 Dividends Proposed final ordinary dividend for the year to 31 March 20X8 paid on 31 August 20X8 Interim ordinary dividend paid on 31 December 20X8 Proposed final ordinary dividend for the year 31 March 20X9 to be paid on 31 July 20X9 2 Deferred taxation account Credit balance at 1 April 20X8 During the year to 31 March 20X9 a transfer of £5 million was made from the profit and loss account to the deferred taxation account. 3 Tax rates Corporation tax 35 per cent Income tax 25 per cent £m 28 12 36 3
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Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
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