A balance sheet is to be drawn up from the following as at 30 June 19X6: Issued
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A balance sheet is to be drawn up from the following as at 30 June 19X6:
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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 19X9) Buildings at cost 40,000 105,000 Motor vehicles at cost Fixtures at cost Profit and loss account Fixed assets replacement reserve Stock Debtors 62,500 11,500 5,163 8,000 16,210 14,175 General reserve 6,000 Creditors 9,120 Proposed dividend 5,000 Depreciation to date: Motor vehicles 15,350 Premises 22,000 Fixtures 3,750 Bank (balancing figure for you to ascertain)
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