The following balances remained in the ledger of OK Ltd after preparation of the income statement for
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The following balances remained in the ledger of OK Ltd after preparation of the income statement for the year ending 31 March 2012
The directors propose: (i) a transfer to general reserve of £10,000; (ii) payment of the preference dividend and a 12% dividend on the ordinary shares (Dividends relating to 2011 were paid in March 2012 at the same rates.). Required:
(a) Prepare a statement of changes in equity for the year ended 31 March 2012.
(b) Prepare a statement of financial position as at 31 March 2012, showing clearly the ordinary shareholders’ equity, the total shareholders’ funds and the working capital.
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Related Book For
Frank Woods Business Accounting
ISBN: 9780273759287
12th Edition
Authors: Frank Wood. Sangster, Alan
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