A balance sheet is to be drawn up from the following as at 30 June 20X6: Issued
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A balance sheet is to be drawn up from the following as at 30 June 20X6:
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Issued share capital: ordinary shares 1 each Authorised share capital: ordinary shares of 1 each 100,000 200,000 10 per cent debentures (repayable 30 June 20X9) 40,000 Buildings at cost 105,000 Motor vehicles at cost 62,500 Fixtures at cost Profit and loss account Fixed assets replacement reserve Stock Debtors General reserve 11,500 5,163 8,000 16,210 14,175 6,000 Creditors Proposed dividend 9,120 5,000 Depreciation to date: Motor vehicles 15,350 Premises 22,000 Fixtures Bank (balancing figure for you to ascertain) 3,750 ?
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