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QUESTION 2 ( 2 0 Ma Ntabazinduna ( Pty ) Ltd was incorporated during 2 0 2 2 : Preliminary costs ( legal costs incurred
QUESTION
Ma
Ntabazinduna Pty Ltd was incorporated during :
Preliminary costs legal costs incurred in connection with the startup of the company of R were paid on January
ordinary no par value shares were issued at R each on January
Share issue costs of R were paid on January
On January of these shares were converted into preference share equity.
The draft statement of comprehensive income for before processing any adjustments for the above transactions, reflected total comprehensive income for of Rcomponents of other comprehensive income:
REQUIRED:
Process journals to account for the preliminary costs, share issue and the related share issue costs.
Disclose this in the statement of changes in equity for the year ended December
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