Help

A summary of the statement of financial position of S company at June 2018 was as follows: $Million Total assets less current liabilities 280 30 Ordinary share capital General Reserves 20 Retained earnings 130 5% loan notes 2023 ? What is the amount of the loan notes? Select one: a. $100,000,000 b. $150,000,000 c. $80,000,000 d. $50,000,000 Which of the following would be followed when the principle of a set off is applied in the control accounts? Select one: a. An equal amount must be added to credit sales and credit purchases o b. The same amount is Dr in the purchases ledger and Cr in the sales ledger o c. There is no balance carried down in sales ledger and the purchases ledger d. No entry is made in the sales ledger and the purchases ledger