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XYZ Company Ltd . is a retail provider with an authorized share capital of 8 0 0 , 0 0 0 Sh . 2 0
XYZ Company Ltd is a retail provider with an authorized share capital of Sh ordinary shares and Sh redeemable preference shares. The following financial information reflects the position of the company as at December after preparing the Trading, profit and loss account: Sh Provision for depreciation Fittings Motor vehicles Goodwill Issued share capital: Sh Ordinary shares Sh Redeemable preference shares Share premium account Trade debtors and prepayments Land and buildings at valuation Cost Sh Capital redemption reserve fund Fittings at cost Motor vehicles at cost Debentures Trade creditors and accruals Shortterm investments Market value Sh Stock at December Bank overdraft Revaluation reserve Net profit for the year Retained profit at January General Reserve Provision for doubtful debts Interim dividend paid Ordinary Preference The following resolutions relating to year ended December have been passed by the board of directors of the company Transfer Sh to General Reserve. Provide for final dividend and final preference dividend on shares issued and Outstanding on December Make a bonus issue of fully paid ordinary shares from the retained profits Account. Required: The appropriations account of XYZ Company Ltd for the year ended December marks ii The balance sheet of XYZ Company Ltd as at December marks
XYZ Company Ltd is a retail provider with an authorized share capital of
Sh ordinary shares and Sh redeemable preference shares.
The following financial information reflects the position of the company as at December after preparing the Trading, profit and loss account:
Sh
Provision for depreciation Fittings
Motor vehicles
Goodwill
Issued share capital: Sh Ordinary shares
Sh Redeemable preference shares
Share premium account
Trade debtors and prepayments
Land and buildings at valuation Cost Sh
Capital redemption reserve fund
Fittings at cost
Motor vehicles at cost
Debentures
Trade creditors and accruals
Shortterm investments Market value Sh
Stock at December
Bank overdraft
Revaluation reserve
Net profit for the year
Retained profit at January
General Reserve
Provision for doubtful debts
Interim dividend paid Ordinary
Preference
The following resolutions relating to year ended December have been passed by the board of directors of the company
Transfer Sh to General Reserve.
Provide for final dividend and final preference dividend on shares issued and
Outstanding on December
Make a bonus issue of fully paid ordinary shares from the retained profits
Account.
Required:
The appropriations account of XYZ Company Ltd for the year ended December marks
ii The balance sheet of XYZ Company Ltd as at December marks
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