6:59 42% 49 The following information has been extracted from the books of Handy Limited as at 31 March 2005 DI Cr f f Bank 2000 Capital: 100,000 issued and fully paid ordinary shares of 1 each 100000 50000 issued and fully paid 8% preference shares of 1 each 50000 Debenture loan stock (10%; repayable 2020) 30000 Debenture loan stock interest 3000 Dividends received 700 Dividends paid: Ordinary interim 5000 Preference 4000 Freehold land at cost 200 000 Investments (listed: market value at 31 March 2005 was 11000) 10000 Office expenses 47000 Motor van at cost 15000 Motor van: accumulated depreciation at 1 April 2004 6000 Motor van expenses 2700 Purchases 220000 Retained Profits at 1 April 2004 9000 Sales 300000 Share premium account 10000 Stocks at cost (at 1 April 2004) 20000 Trade creditors 50000 Trade debtors 27000 555700 555700 Additional information: 6:59 42% 49 The following information has been extracted from the books of Handy Limited as at 31 March 2005 DI Cr f f Bank 2000 Capital: 100,000 issued and fully paid ordinary shares of 1 each 100000 50000 issued and fully paid 8% preference shares of 1 each 50000 Debenture loan stock (10%; repayable 2020) 30000 Debenture loan stock interest 3000 Dividends received 700 Dividends paid: Ordinary interim 5000 Preference 4000 Freehold land at cost 200 000 Investments (listed: market value at 31 March 2005 was 11000) 10000 Office expenses 47000 Motor van at cost 15000 Motor van: accumulated depreciation at 1 April 2004 6000 Motor van expenses 2700 Purchases 220000 Retained Profits at 1 April 2004 9000 Sales 300000 Share premium account 10000 Stocks at cost (at 1 April 2004) 20000 Trade creditors 50000 Trade debtors 27000 555700 555700 Additional information