=+ (a) appropriate 8,000 by way of future tax reserve; (b) increase the debenture redemption reserve to

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=+

(a) appropriate £8,000 by way of future tax reserve;

(b) increase the debenture redemption reserve to £5,000;

(c) set aside £5,000 against a possible increase in the prices of raw materials;

(d) pay a half-years dividend on the preference shares and propose a dividend of 12 per cent on the ordinary shares (both dividends less income tax at 7/9 in the £):

(e) carry forward the balance.

Prepare for publication the Balance Sheet of the company as on 31st December, 1961.

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