Qualification > Commerce

all acc doubts here !!

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immortal:
Ordinary shares of ($0.5)   =240000+96000+67200=403200shares
share premium =67200*(0.8-.05)=$20160
Bank=67200*0.8=$53760
Dividends 2 ordinary shares =4600/240000*403200=$7728
dividends accrued=7728-4600=$3128
 

fireburner:
How did you got the amount 67200?

immortal:
240000+96000=336000
4 every 5 shares 1 right issue =336000/5=67200 shares of value $33600

fireburner:
Thanks man.

but what about the treatment?

anyways i will speak it out for you:

share premium will be addded under the capital and reserves section in the bs

Bank will also come in the bs under current assets

Dividends accrued in current liabilities

Dividends 2 ordinary shares in the appropriation A/c under profit after taxes & interest

correct?

rmk:
can any one give some worksheet for accouting
which will be help ful

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