Q: The equity section of the balance sheet of Halmera Ltd as at
The equity section of the balance sheet of Halmera Ltd as at 31 March 2023 was as follows: During the year ended 31 March 2024, the following events took place: (i) A 1-for-3 rights issue of ordinary...
See AnswerQ: (a) The share capital of Fogarino Ltd consists of 250
(a) The share capital of Fogarino Ltd consists of 250,000 fully-paid ordinary (or ‘equity’) shares of 10 pence each, all of which were issued at a premium of 30 pence per share. The current market val...
See AnswerQ: On 31 January 2023, the equity section of the balance sheet
On 31 January 2023, the equity section of the balance sheet of Depper plc was as follows: . During the year ended 31 January 2024, the company: . Made a 1 for 6 bonus issue of shares, making use of t...
See AnswerQ: As at 31 December 2023, Pointor plc had £400,
As at 31 December 2023, Pointor plc had £400,000 6% loan notes in issue, interest being paid in two annual instalments on 31 March and 30 September each year. On 31 August 2024, the company then redee...
See AnswerQ: Write up the following transactions in the T-accounts of F
Write up the following transactions in the T-accounts of F. Fernandes: Feb 1 Started in business with £11,000 in the bank and £1,600 cash. 2 Bought goods on time: J. Biggs £830; D. Martin £610; P. Lot...
See AnswerQ: The following balances have been taken from the nominal ledger of Pandar
The following balances have been taken from the nominal ledger of Pandar plc as at 31 December 2024: The following points also need to be considered before preparation of the financial statements: (i...
See AnswerQ: Minellan Ltd has extracted the following trial balance from its nominal ledger
Minellan Ltd has extracted the following trial balance from its nominal ledger as at 31 March 2024: Additional information: (i) Inventory at 31 March 2024 was counted and valued at a cost of Â&...
See AnswerQ: The following trial balance has been extracted from the nominal ledger of
The following trial balance has been extracted from the nominal ledger of Epicteta Ltd on 31 July 2024: In addition to the above trial balance, you are given the following information: (i) Closing in...
See AnswerQ: The trial balance below represents a summary of the balances on the
The trial balance below represents a summary of the balances on the nominal ledger of Banega Ltd (a wholesaler of hats and headwear) as at 31 December 2024: The following issues also need to be dealt...
See AnswerQ: The following details concern Oshada plc in connection with its financial year
The following details concern Oshada plc in connection with its financial year ended 31 March 2024: Note the following additional information: (i) Inventory at the year end was counted and valued at...
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