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Case study: Financing Public Ltd Companies Use the data below to answer the questions that follow: PPK Ltd issued 40,000 ordinary shares of UGX 1000

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Case study: Financing Public Ltd Companies Use the data below to answer the questions that follow: PPK Ltd issued 40,000 ordinary shares of UGX 1000 each. The shares were issued at par.: Per Share (UGX) Application. 300 Allotment. 400 1st Call and final call. 300 All monies were duly received. Required Q.1. a) Enter the information above in ledger accounts. (10 marks) b) Prepare the balance sheet thereof. (3 Marks) c) Explain four possible sources of long-term finance and their benefits to PK Ltd. (7 Marks) d) Distinguish between issues at par and issue at premium

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