O-LevelAccountingPreparation of financial statementsOct/Nov 2022Paper 2 Q420 Marks
The following information is taken from the statement of financial position of C Limited at 1 September 2021. $ 5% Debentures (2024) 60000 Equity Ordinary share capital ($0.50) 240000 General reserve 36 000 Retained earnings 22000 During the year ended 31 August 2022: A final dividend payment of $12000 was made for the year ended 31 August 2021. An interim dividend payment of $0.02 per share was made for the year ended 31 August 2022. A transfer of $11000 was made to general reserve. At 31 August 2022 the company proposed a final dividend of $10000 for the year ended 31 August 2022. The revenue for the year ended 31 August 2022 was $310000 and the profit (before debenture interest) was $23000.
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