=+3. Brisk Limited has an authorised share capital of 150,000 in shares of 1 each of which

=+3. ÍBrisk Limited has an authorised share capital of £150,000 in shares of

£1 each of which 100,000 shares have been issued on which 15/- per share has been called up.

After making some of the closing entries, the following is the Trial Balance as on 31st December, 1962:

£ £

Share Capital — 75,000 Calls in arrear 1,200 —

Freehold Buildings, at cost 52,000 —

Plant and Machinery, at cost 126,000 —

6% Notes, 1960/63 — 20,000 Future Income Tax, 1962/3 — 22,000 Capital Reserve — 8,560