Mangani Ltd issued a Prospective on 21

no par value at Ghc750 each. The shares are payable as follows:

nd

2 February

th 4

10

th 28

Ghc200 is payable on Application

Ghc300 is payable on Allotment

st Ghc150 is payable on 1 Call

nd

Ghc100 is payable on 2 final Call

February th

February

February

st

The issue was fully subscribed and all monies were duly received as they become due.

Required :

a) Show the ledger Entries (EV:7) b)Discuss how amount to be refunded would treated by the company if

oversubscription had occurred (AN:7) c)Using practical example with figures, explain how Debenture issued at a

discount would be treated in the financial statement

@ 98% ..ll Airtel Tigo 3G 10:08 AM Done ACCT502 APR2021 (1 of 134) Question 4 Mangani Ltd issued a Prospective on 21 January for 10,000 ordinary share of no par value at Ghc750 each. The shares are payable as follows: 2 February Ghc200 is payable on Application 4 February Ghc300 is payable on Allotment 10 February Ghc150 is payable on 1 Call 28 February Ghc100 is payable on 2 final Call The issue was fully subscribed and all monies were duly received as they become due. Required: a) Show the ledger Entries (EV:7) b)Discuss how amount to be refunded would treated by the company if oversubscription had occurred (AN:7) C)Using practical example with figures, explain how Detenture issued at a discount would be treated in the financial statement (EV:6) QUESTION FIVE (a)Using your own figures determine cash received from operations using the indirect method (EV:7) (b)Using your own figures demestrate how cash and cash equivalent could determine a businesses financial health (AN:7) (e)Discuss how the balance sheet of previous year and current year affects the preparation of cash flow statement CAN:6)