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Please assist with A, B and C The following trial balance at 30 September 206 relates to Dalmatian Limited, a wholesale dog food company: The
Please assist with A, B and C
The following trial balance at 30 September 206 relates to Dalmatian Limited, a wholesale dog food company: The following additional information is relevant: 1. The cost of the closing inventory was C943 000 . 2. Rates paid in advance amount to C75000. 3. Telephone and cellphone expenses due and not yet paid amount to C13000. 4. Depreciation for the year to be provided as follows: Delivery vans C120000 Fixtures and fittings C60000 5. Current income tax must be accounted for at 30%. 6. An ordinary dividend of 5 cents per share is declared. The shareholders are all exempt from dividends tax. 7. The authorised share capital consists of 10 million ordinary shares: 8 million of the shares have been issued for 25 cents each. You are required to: a. Prepare a statement of profit or loss for Dalmatian Limited for the year ended 30 September 20X6. b. Prepare a statement of changes in equity for Dalmatian Limited for the year ended 30 September 20X6. c. Prepare a statement of financial position for Dalmatian Limited at 30 September 206Step by Step Solution
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