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Easy problem of final account |
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Answer» HEY MATE HERE IS UR ANSWER Problem 2: The authorised CAPITAL of Inter-State Distributors Ltd. is Rs 7, 50,000 consisting of 3,000 6% cumulative preference shares of Rs 100 each. The following is the trial balance drawn up on 31st December 2004:  (a) The value of stock on 31st December 2004 was Rs 2, 15,000. (b) Depreciation on freehold properties is to be provided at 2½ A% and on furniture at 6%. (c) The directors propose to pay the second half year’s dividend on preference shares and a 10% dividend on equity shares. (d) Shares have been forfeited on non-payment of Rs. 35 per share. You are REQUIRED to prepare final accounts of the company. Solution:   HOPE IT HELPS PLz mark as brainlist all rhe best for ur exam |
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